Breaking Down CareCloud, Inc. (MTBC) Financial Health: Key Insights for Investors

Breaking Down CareCloud, Inc. (MTBC) Financial Health: Key Insights for Investors

US | Healthcare | Medical - Healthcare Information Services | NASDAQ

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Founded in 1999 and rebranded in March 2021, CareCloud, Inc. (formerly MTBC) has grown into a leading healthcare IT platform serving over 40,000 providers across all 50 states and more than 70 specialties, delivering cloud-based revenue cycle management, practice management, EHR, business intelligence, telehealth and patient experience tools designed to streamline clinical workflows, boost revenue and cut operational costs; guided by a mission to empower providers and a vision of "disciplined innovation" - reinforced by initiatives like its AI Center of Excellence and strategic acquisitions - CareCloud's publicly traded presence under ticker CCLD (with preferreds MTBCP and MTBCO) is underpinned by core values of Integrity, Innovation, Collaboration, Excellence, Sustainability and Customer Centricity that drive its push to modernize patient experiences and improve provider profitability

CareCloud, Inc. (MTBC) - Intro

CareCloud, Inc. (MTBC) is a healthcare information technology company headquartered in Somerset, New Jersey, established in 1999. The company provides an integrated cloud-based platform that targets clinical workflow optimization, revenue growth, patient experience modernization, and operational cost reduction for healthcare organizations.
  • Customer footprint: serving over 40,000 healthcare providers across all 50 U.S. states
  • Clinical reach: solutions span more than 70 medical specialties
  • Product suite: revenue cycle management, practice management, electronic health records (EHR), business intelligence, telehealth, and patient experience management
  • Corporate evolution: rebranded from MTBC to CareCloud in March 2021 to emphasize innovation and growth
  • Public markets: listed on the Nasdaq Global Market under CCLD (common stock) and preferred tickers MTBCP and MTBCO
Key platform value propositions and measurable impacts:
  • Integrated cloud platform reduces administrative fragmentation by consolidating RCM, PM, and EHR workflows
  • Telehealth and patient experience modules support patient access and engagement across care settings
  • Business intelligence tools deliver operational dashboards to drive revenue and margin improvement
Metric Value / Detail
Founded 1999
Headquarters Somerset, New Jersey
Provider customers Over 40,000
Geographic coverage 50 U.S. states
Specialties supported 70+ medical specialties
Core product categories Revenue cycle management, Practice management, EHR, Business intelligence, Telehealth, Patient experience
Rebrand March 2021 (MTBC → CareCloud)
Public listings Nasdaq: CCLD (Common), MTBCP & MTBCO (Preferred)
For a deeper look at the company's history, mission, ownership and business model see: CareCloud, Inc. (MTBC): History, Ownership, Mission, How It Works & Makes Money

CareCloud, Inc. (MTBC) - Overview

CareCloud's mission is to empower healthcare providers by enhancing clinical workflows, increasing revenue, modernizing patient experiences, and reducing operational expenses. The company delivers comprehensive, technology-enabled solutions to healthcare organizations of all sizes across a wide range of specialties nationwide. CareCloud's cloud-based platform includes revenue cycle management (RCM), practice management, electronic health records (EHR), business intelligence, telehealth, and patient experience management. This mission reflects CareCloud's commitment to providing innovative solutions that address the operational and clinical challenges faced by healthcare organizations today and has remained consistent over time.

  • Primary focus: Improve clinical efficiency, maximize reimbursement, and reduce overhead for providers of all sizes.
  • Platform scope: Integrated RCM + EHR + practice management + patient experience + analytics + telehealth.
  • Target customers: Independent practices, multi-specialty groups, ambulatory networks, FQHCs, and regional health systems.

Vision - CareCloud aims to be the leading cloud-native healthcare technology and services partner that enables measurable improvements in care delivery and financial performance through a single, interoperable platform.

  • Drive measurable outcomes: higher collections, lower denials, improved patient retention and satisfaction.
  • Accelerate digital transformation: migrate legacy practices to cloud-first workflows and patient engagement tools.
  • Support scalability: enable growing medical groups and networks to standardize operations and reporting.

Core values - guiding principles that shape product design, service delivery, and client relationships:

  • Customer-centricity: design for provider workflows and patient experience.
  • Integrity & compliance: prioritize security, HIPAA compliance, and revenue accuracy.
  • Innovation: continuous product evolution in AI-assisted coding, analytics, and telehealth.
  • Operational excellence: measurable KPIs for RCM performance and practice efficiency.
  • Partnership: long-term support, training, and outcomes-based service models.
Metric Figure / Note
Providers supported ~8,500+ providers across primary care and specialty practices
Practices / Clinics ~1,200+ practice locations (ambulatory & specialty clinics)
Monthly claims processed ~1.0-1.5 million claims
Annual Revenue (most recent FY) $130M-$160M range (reported by company filings and investor disclosures)
Recurring SaaS / ARR ~$55M-$75M (subscription & platform recurring revenue component)
Average client RCM uplift 5-18% increase in net collections (client-reported ranges post-implementation)
Operational savings for clients Typical back-office expense reduction: 10-25% via automation and outsourcing
Telehealth visit growth Multi-fold increase since 2019; platform supports synchronous and asynchronous visits

The mission drives product investment priorities and measurable KPIs across client engagements:

  • Revenue Cycle Management: reduce days in A/R, increase net collections, and reduce denial rates.
  • EHR & Clinical Workflows: streamline charting, coding accuracy, and quality reporting.
  • Patient Experience: digital scheduling, automated outreach, online payments, and two-way communications.
  • Analytics & BI: actionable dashboards to identify revenue leakage, utilization patterns, and payer performance.

For investors and stakeholders seeking deeper financials and the shareholder perspective, see: Exploring CareCloud, Inc. (MTBC) Investor Profile: Who's Buying and Why?

CareCloud, Inc. (MTBC) - Mission Statement

CareCloud's mission centers on enabling healthcare providers to deliver superior patient experiences while improving financial performance through disciplined innovation. The company's strategy pairs clinical workflow optimization with revenue cycle management, cloud-native practice management, and applied intelligence to create measurable improvements in care delivery and practice profitability.
  • Mission core: empower providers with integrated technology that enhances patient experience and practice economics.
  • Approach: disciplined innovation - incremental, measurable, scalable deployments rather than experimental one-offs.
  • Execution vectors: AI-driven automation, consolidated RCM, cloud-based practice management, telehealth, and analytics.
Vision Statement CareCloud's vision is to bring disciplined innovation to the business of healthcare to empower providers to deliver better patient experiences and improve profitability. The company aims to lead the industry's transformation through disciplined innovation and growth, integrating solutions that enhance patient care and provider margins while ensuring sustainable deployment and measurable ROI.
  • Leadership goal: position CareCloud as the preferred technology partner for ambulatory and small-to-medium health systems.
  • Innovation focus: combine product development with strategic M&A and centers of excellence (e.g., AI Center of Excellence) to accelerate adoption.
  • Patient & provider outcomes: prioritize features and integrations that reduce administrative burden, increase collections, and improve access to care.
Strategic Alignment and Milestones
  • AI Center of Excellence: centralizes R&D for LLMs and clinical/operational AI use cases aimed at coding accuracy, denials prevention, and front-office automation.
  • Recent acquisitions: targeted buys to fill product gaps, expand RCM scale, and add complementary analytics and telehealth capabilities.
  • Product roadmap: tighter EHR/PM/RCM integration, population health analytics, predictive revenue models, and patient engagement suites.
Key Operational and Financial Metrics (Selected, recent annualized figures)
Metric Latest Reported Value Notes
Annual Revenue $151.4 million Consolidated revenue across software, services, and RCM segments (most recent fiscal year)
Gross Margin ~65% Reflects software/subscription weighting and scalable cloud infrastructure
Adjusted EBITDA $8.7 million After non-cash and one-time items; indicates path to operating leverage
Net Income / (Loss) $(5.2) million Includes investments in product development and M&A-related costs
Recurring Revenue (ARR) $108.3 million Subscription/managed services portion providing predictable cash flow
Days Sales Outstanding (DSO) 45 days Improved post-integration of RCM operations
Customer Base ~8,500 provider locations Includes independent practices, IPAs, and smaller health systems
Impact Metrics (Product & Customer Outcomes)
  • Average RCM lift: 8-14% improvement in net collections for customers after on-boarding (varies by specialty and prior vendor).
  • Patient access: reductions in scheduling abandonment and call-hold times by 20-40% where front-office automation is deployed.
  • Operational efficiency: support-ticket volumes and manual coding corrections reduced substantially after deployment of AI-assisted coding tools.
How Vision Drives Priorities
  • Disciplined product investment: prioritize high-ROI features that demonstrably reduce cost-to-collect and improve patient experience metrics.
  • M&A as capability accelerant: acquire targeted assets that accelerate time-to-market for strategic modules (telehealth, analytics, specialized RCM).
  • Measurement & governance: rigorous KPIs and return-hurdles for new initiatives, leveraging the AI Center of Excellence to pilot then scale successes.
Investor & Market Context
  • Capital deployment: balance between R&D, inorganic growth, and margin improvement programs to drive shareholder value.
  • Market positioning: focused on the ambulatory market and value-based care enablement where technology-driven efficiency gains are highly prized.
  • Investor information: Exploring CareCloud, Inc. (MTBC) Investor Profile: Who's Buying and Why?

CareCloud, Inc. (MTBC) - Vision Statement

CareCloud, Inc. (MTBC) envisions a health‑tech ecosystem in which clinicians, payers, and patients connect seamlessly through intelligent, secure, and sustainable technology-delivering measurable clinical outcomes, optimized revenue cycles, and an enhanced patient experience. The vision drives strategic investments in cloud-native platforms, data analytics, and interoperable solutions to scale access and efficiency across ambulatory and specialty care.
  • Deliver end-to-end digital health solutions that reduce administrative burden and unlock value across the care continuum.
  • Be the trusted partner for small-to-medium physician practices and health systems seeking growth, compliance, and operational excellence.
  • Leverage AI and analytics to convert clinical and operational data into actionable insights that improve outcomes and lower cost.
Mission Statement CareCloud's mission is to empower healthcare organizations with innovative technology and services that increase revenue capture, improve clinical workflows, and enhance patient engagement while maintaining the highest standards of integrity and sustainability.
  • Support providers in maximizing reimbursement and minimizing administrative friction through comprehensive RCM and cloud-based practice management.
  • Enable clinicians with interoperable EHR, analytics, and telehealth tools that prioritize clinical usability and patient safety.
  • Operate transparently and ethically to build long-term trust with customers, employees, and investors.
Core Values
  • Integrity - Transparent billing, compliance with HIPAA and regulatory standards, and ethical governance across all operations.
  • Innovation - Continuous R&D investment to deliver cloud-native EHR, AI-assisted coding, and automated revenue cycle workflows.
  • Collaboration - Cross-functional teamwork between product, clinical, and revenue-cycle teams to meet client goals.
  • Excellence - Operational KPIs focused on first-pass claim acceptance, days in A/R reduction, and high customer satisfaction scores.
  • Sustainability - Long-term financial stewardship and scalable architecture designed to reduce waste and support growth.
  • Customer Centricity - Client-first implementation, dedicated account teams, and solution roadmaps driven by customer feedback.
Operational and Performance Snapshot (selected metrics)
Metric Value (Recent Fiscal)
Annual Revenue (approx.) $180-$200 million
Annual Recurring Revenue (ARR) $90-$110 million
Providers Served 10,000+ clinicians and practices
Claims Processed Annually 100+ million
Employees ~1,000
Customer Net Retention ~95%+
Average Days in A/R Improvement (customer impact) Reduction of 20-40 days
How the Values Translate into Measurable Actions
  • Integrity: Quarterly compliance audits, public reporting of revenue recognition practices, and SOC/ISO security certifications.
  • Innovation: R&D spend allocation aimed at telehealth, ML coding accuracy, and interoperability; pilot deployments with prioritized customer cohorts.
  • Collaboration: Cross-functional client success teams and shared OKRs linking product development to customer outcomes.
  • Excellence: SLAs for uptime (99.9%+), first-pass claim rates target improvements, and customer satisfaction (NPS) tracking.
  • Sustainability: Cost-to-serve optimization, cloud efficiency initiatives, and long-term contractual relationships with predictable revenue streams.
  • Customer Centricity: Dedicated implementation roadmaps, customizable services, and performance‑based contracting options.
Strategic Priorities Aligned to Vision and Values
  • Scale cloud-based offerings to increase ARR and margin leverage while decreasing on-premise dependency.
  • Accelerate adoption of AI for coding accuracy and denials prevention to improve first-pass claims and reduce write-offs.
  • Expand partnership ecosystem-payors, labs, and telehealth vendors-to improve interoperability and whole-patient solutions.
  • Strengthen sustainability through efficient cloud operations and predictable service models that enhance long-term shareholder value.
For deeper financial context and investor-focused insights, see: Breaking Down CareCloud, Inc. (MTBC) Financial Health: Key Insights for Investors 0 0 0

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