2017 Black Book Rankings awards CareCloud as a top EHR vendor for family practice medicine, ophthalmology, and MACRA & MIPS technology
MIAMI – June 20, 2017 – Black Book Market Research’s latest ambulatory technology rankings have launched just in time for medical practices looking to switch to a new electronic health record (EHR) system before MACRA & MIPS deadlines this fall. The 2017 report is sourced from over 17,000 verified, unbiased EHR users rating their technology vendors in 18 performance indicators. CareCloud, the platform for high-performance medical groups, is named a top vendor in 11 categories, including earning the No. 1 ranking for family medicine.
“Family practice is the center of healthcare’s new value-based care economy,” said Ken Comée, CEO of CareCloud. “Being named the No. 1 EHR by physicians and practice executives in this field is especially rewarding because of the impact it has on the daily healthcare for millions of patients. Our customers are clearly responding to the investment we’re making in the flexibility of our cloud-based EHR and practice management platform.”
CareCloud is also named a top three vendor for internal medicine, mobile EHR applications, and single and solo surgical practice in the latest Black Book survey. In the top 10 category, the company is awarded for ophthalmology, sleep center medicine, and urology specialties in addition to being the top-rated EHR vendor for MACRA & MIPS technology. The company is also ranked for otorhinolaryngology/ENT, orthopedic/hand/spine surgery, and oncology/hematology. In family practice, CareCloud is named to the No. 1 spot over vendors Practice Fusion, eClinicalWorks, Allscripts, and athenahealth.
Black Book also recently presented CareCloud with two awards earned in late 2016: the No. 1 vendor in practice management and the No. 1 cloud-based EHR.
Commenting on the findings, Doug Brown, managing partner of Black Book, said, “Healthcare technology vendors need to focus on mobile, cloud, and data integration to successfully meet the future demands of the changing healthcare landscape.”
CareCloud recently issued a MIPS guarantee for clients considering switching to the cloud platform from any legacy vendor. The guarantee promises that any medical practice clients using the latest version of CareCloud Charts EHR as of September 30, 2017, will avoid penalties from CMS under MIPS. Any clients that follow their customized action plan developed by their dedicated account manager and still receive penalties will see those penalties covered by CareCloud. Eligible clinicians who do not submit MIPS data in 2017 will face a four-percent fee adjustment penalty to their Medicare Part B reimbursements in 2019.
“MIPS is bringing about a new phase in the movement to value-based care as it is giving providers a significant financial incentive to make sure their EHR platform is making the right data visible and actionable,” said Laurie Hart, director of product management, CareCloud. “What we’re experiencing is consistent with what Black Book is hearing in that practices are increasingly leaving their legacy software behind for cloud-based EHR technology because they need the openness, flexibility, and computing power to be able to both deliver and demonstrate value to payers and patients.”
CareCloud is the leading provider of cloud-based revenue cycle management (RCM), practice management (PM), electronic health record (EHR), and patient engagement solutions for high-performance medical groups. CareCloud helps clients increase profitability, streamline workflow, and improve patient care nationwide. The company currently manages more than $4 billion in annualized accounts receivable on its integrated clinical and financial platform. To learn more about CareCloud, visit www.carecloud.com.
About Black Book Research
Black Book Market Research is a division of Brown Wilson Group, a full-service healthcare–centric market research and public opinion research company. The company provides qualitative insight into the industry’s top vendors through 18 key performance indicators, which are collected from a client-submitted ballot. Over 540,000 EHR users were invited to participate in this year’s survey, and nearly 17,000 validated respondents shared their views. The gathered data is subjected immediately to an internal and external audit to verify completeness and accuracy and to ensure the respondent is valid while ensuring the anonymity of the client company is maintained. Black Book’s founders, management, nor staff has any financial investment or interest in any companies in this survey. Additional details about the Black Book study and the full list of vendors are available on the organization’s website.