Written by Patty Tascarella
PNC Financial Services Group Inc. (NYSE:PNC) was among the investors in Miami-based CareCloud’s $31.5 million Series C funding round. Blue Cloud Ventures led the round, and First Data Corp. also staked the health care tech firm.
“The health care sector is evolving quickly, especially with respect to patient engagement and consumerism,” James Graham, Pittsburgh-based PNC’s head of Treasury Management, said in a prepared statement. “Our team brings to bear deep industry knowledge and sophisticated treasury management capabilities for our customers. Aligning with CareCloud will help both of us continue to lead the way with physicians’ practices and patients.”
CareCloud supports medical practices through a flexible and powerful cloud-based platform that streamlines workflow and supports more efficient and effective patient engagement. Its technology is tailored to medical groups focused on expanding operations and advancing patient care.