CareCloud today announced some exciting milestones from the second quarter of 2014 – from releasing innovative new products to helping our clients succeed to positioning the company for further growth.
As mentioned on the CareCloud Blog before, we secured $25.5 million in venture debt from Hercules Technology Growth Capital to accelerate the expansion of our product offerings.
During the second quarter, we also signed an important new strategic partnership with BBVA Compass, one of the nation’s largest commercial banks. The bank will jointly sell and market our healthcare technology solutions, coupled with its financial services offerings, to new and existing physician practice clients. Check out our recent interview with Jon Shaw, BBVA Compass’ healthcare segment director, for more details.
During the quarter we also continued delivering innovative products like CollectiveIQ, a new automated billing rules engine platform that will allow our clients to increase collections and their overall operations.
Our annual Practice Profitability Index (PPI) came out in May and again surveyed over 5,000 physicians to gauge overall practice profitability sentiment and trends around improving practice operations and patient care.
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