Miami Children’s Hospital Selects CareCloud’s Cloud-based Revenue Cycle Management Service

Leading Children’s Hospital to Leverage CareCloud’s Cloud-based Concierge Service Offering to Help Streamline Financial and Operational Workflows for Physician Network

MIAMI--(BUSINESS WIRE)--CareCloud, a leading provider of cloud-based practice management, electronic healthcare record (EHR), revenue cycle management and medical billing software and services, today announced that Miami Children’s Hospital, one of the nation’s leading providers of pediatric healthcare, will deploy CareCloud’s cloud-based revenue cycle management service offering, Concierge, to its owned physician network, comprised of approximately 200 pediatricians and pediatric sub-specialists. Miami Children’s Hospital, South Florida’s only licensed specialty hospital exclusively for children, will use CareCloud’s leading revenue cycle management offering to enhance administration of care and improve operational and financial outcomes for its physician network, which delivers care to thousands of children from around the world.

“It’s clear to see why Miami Children’s Hospital continues to establish its leadership and progressive positioning in the healthcare industry by selecting the most modern cloud-based technologies, which will enable them to improve their operational efficiency and administrative outcomes through greater transparency into their practices' financial and overall physician performance.”

“As part of our continued efforts to leverage the latest technology in supporting the delivery and administration of care, we felt CareCloud’s cloud-based platform was best suited to allow our physician network to stay current with changing reimbursement protocols, growing care coordination demands and reform mandates that impact daily operations and delivery of care,” said Tim Birkenstock, Senior Vice President and Chief Financial Officer of Miami Children’s Hospital. “With CareCloud's revenue cycle management services delivered through one centrally-hosted national platform, our physician network will be instantly connected, expediting improved financial outcomes as our care delivery organization looks to manage and stay ahead of changing industry regulations and mandates, while still delivering the world-class care our patients and families count on.”

CareCloud’s Concierge service offering is a complete revenue cycle management solution that utilizes dynamic rules intelligence software, expert live support, and real time business analytics and reporting tools to help medical practices increase collections and streamline operations. As part of the Concierge service, Miami Children’s Hospital-owned physicians and their staffs will utilize a common cloud-based practice management platform that can be accessed via any web browser and harness the latest in user design and functionality. For more information on CareCloud’s Concierge revenue cycle management service and other products, visit www.carecloud.com/solutions.

“We have been thrilled with the recent and rapid adoption of our products by medical groups from across the country and could not be more honored and excited to have one of the world’s most renowned pediatric hospitals select our revenue cycle management services as they look to move their physician network from across South Florida onto the cloud,” said Albert Santalo, Chairman and CEO of CareCloud. “It’s clear to see why Miami Children’s Hospital continues to establish its leadership and progressive positioning in the healthcare industry by selecting the most modern cloud-based technologies, which will enable them to improve their operational efficiency and administrative outcomes through greater transparency into their practices' financial and overall physician performance.”

About Miami Children’s Hospital

Founded in 1950 by Variety Clubs International, Miami Children's Hospital® is South Florida’s only licensed specialty hospital exclusively for children, with more than 650 attending physicians and over 130 pediatric subspecialists. The 289-bed hospital is renowned for excellence in all aspects of pediatric medicine with specialty programs ranked among the best in the nation in 2008, 2009, 2010, 2011 and 2012 by U.S.News & World Report. The hospital is also home to the largest pediatric teaching program in the southeastern United States and has been designated an American Nurses Credentialing Center (ANCC) Magnet facility, the nursing profession’s most prestigious institutional honor

About CareCloud

CareCloud is a leading provider of cloud-based practice management, electronic health record (EHR) and medical billing software and services for medical groups. The company's products are connecting providers to one another – and to their patients – through a fully integrated digital healthcare ecosystem that can be accessed on any browser or device.

CareCloud is helping thousands of physicians to increase collections, streamline operations and improve patient care in over 30 states. The company was named a winner of IBM’s SmartCamp Silicon Valley 2010 for its innovative technology and received over $20 million in Series A funding from Intel Capital and Norwest Venture Partners. To learn more about CareCloud, please visit www.carecloud.com.