CareCloud and QuantiaMD Join Forces to Help Physicians Tackle Practice Management and Profitability Challenges, Using Community and Technology

• Partnership Leverages QuantiaMD Platform To Engage More Than 160,000 Physicians in Dialogue on Operating More Profitable Practices

WALTHAM, Mass. & MIAMI--(BUSINESS WIRE)--CareCloud, a leading provider of cloud-based practice management, electronic healthcare record, revenue cycle management and medical billing software and services, and QuantiaMD, the largest online physician community and collaboration platform, today announced at the 31^st Annual JP Morgan Healthcare Conference in San Francisco, a partnership to help medical practices achieve greater efficiency and profitability. The collaboration will allow more than 160,000 QuantiaMD physician members to engage on issues ranging from innovative processes, tactics and technologies to navigating new government reimbursement mandates – all in an effort to help medical groups stay better informed and engaged with peers on best practices.

“It’s through this approach that we can drive a dialogue and enact real change in how physicians operate their practices and, ultimately, interact with one another.”

“As CareCloud considered ways to combine the power of technology and community for the benefit of physicians, it was clear that QuantiaMD was the only partner for us. They have built a robust platform that leverages the latest in social tools and game mechanics to facilitate meaningful and consistent engagement around critical issues such as practice profitability,” said Albert Santalo, Chairman and CEO of CareCloud. “It’s through this approach that we can drive a dialogue and enact real change in how physicians operate their practices and, ultimately, interact with one another.”

The QuantiaMD and CareCloud partnership will launch by gathering insights from over 5,000 QuantiaMD members to uncover key trends in practice performance and establish a barometer for the overall well-being of US medical groups today. These insights will be used to create unique, interactive content for physicians focused on saving time, growing revenue and improving efficiency. They will also serve as a basis for a contest, featured on QuantiaMD, encouraging physicians to learn from one another by sharing best practice “pearls”. Physician members will subsequently vote for the most impactful “pearls”, and a group of finalists will be considered for a “CareCloud Makeover”, which will result in a winning practice equipped with technology to help it achieve new levels of operational performance.

“In an environment of accelerating change to healthcare regulations and reimbursement, our physician community members are increasingly focused on the financial health of their practices. Our partnership with CareCloud reflects the belief that we can extend the power of best practice sharing within our community with modern tools to help deliver on medical group needs,” said Eric Schultz, Executive Chairman of QuantiaMD. “We felt that CareCloud and QuantiaMD shared a commitment to thinking differently about how healthcare industry leaders can transcend their traditional roles to provide more complete solutions.”

About QuantiaMD

QuantiaMD, the largest online community and collaboration platform, is transforming the way healthcare is delivered. By applying the latest social media technologies to medicine, QuantiaMD is modernizing how physicians work together and interact with the major participants in healthcare, including payers, hospitals, accountable care organizations and life sciences. On QuantiaMD, 160,000+ physicians share real-life experiences from clinical practices nationwide, in minutes, and engage directly with healthcare institutions to conveniently and effectively meet a variety of objectives that reduce costs and improve the quality of care. Built from the ground up for how physicians practice today, QuantiaMD’s scalable platform is fully mobile, secure and easy-to-use. To learn more, visit www.QuantiaMD.com. For client solutions, visit www.QuantiaMD.com/clientsolutions.

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 35 states. The company has 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.