Leading Orthopaedic Group to Leverage CareCloud Concierge and Charts to Help Enhance Operational Performance and Clinical Workflow
MIAMI, FL and ENCINITAS, CA– June 25, 2014 – CareCloud, the leading provider of cloud-based practice management, electronic health records (EHR), and medical billing software and services, today announced that CORE Orthopaedic Medical Center, P.C. has selected CareCloud’s revenue cycle management offering, Concierge, and its EHR, Charts, to help improve operational performance and clinical workflow for its 15 provider organization.
“Our group was proactive in searching for a cutting-edge technology that would advance our practice into the new generation of EHR and practice management systems. We felt a modern cloud-based solution would best position us to participate in new government incentive programs while also helping to enhance our overall administrative and practice management operations,” said Leona Mathews, Administrator of CORE Orthopaedic Medical Center. “CareCloud is the best solution to help us gain control of our accounts receivable, give us reporting capabilities to benchmark against best practices and improve our workflow. CareCloud creates an environment that is easy to use for both physicians and staff which allows us to focus on patient care.”
“We are excited to partner with one of Southern California’s leading orthopaedic medical groups as it looks to modernize its operations and systems in order to deliver the best patient care possible,” said Albert Santalo, CareCloud’s Chairman and CEO. “As more and more physician practices look to overhaul their clinical and administrative systems, cloud-based systems like CareCloud’s are becoming the clear choice.”
CareCloud Concierge is a complete revenue cycle management solution that combines the power of CareCloud’s EHR and practice management software with the expert services of its billing and collections teams to help medical practices optimize their revenue cycle from start to finish. As part of the Concierge solution, physicians and their staff utilize a common cloud-based practice management platform that can be accessed via any web browser and features CareCloud’s award-winning user experience and design. CareCloud Concierge now features a collection of advanced billing rules in its CollectiveIQ offering, expert support, reporting tools, automated claim submission, and comprehensive analytics reporting that will enable medical groups to track and optimize revenue and operational performance in real-time.
While many medical groups are increasingly concerned about the health of their practices, CareCloud offers products and services to help. The May 2014 Practice Profitability Index (PPI) survey found that U.S. physicians are now more than twice as likely to foresee eroding, not increasing, profits in 2014. Those with a negative outlook increased from 36% to 39% during the past year, while optimists declined from 22% to 19%. The issues weighing on finances are still led by declining reimbursements (60%); rising costs (50%); requirements from the Affordable Care Act (49%); and the transition to ICD-10 (43%).