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CareCloud Raises $2.3 Million For Web-Based Physician Practice Software Suite

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CareCloud, a Miami, Florida-based provider of web-based physician practice software and services, today announced it has raised $2.3 million from unnamed “prominent entrepreneurs and business leaders”.

CareCloud’s proprietary SaaS solution connects physicians to their patients through a social networking-based practice management system.

By joining the CareCloud community, physicians can simplify the process of getting paid for their services while streamlining their clinical operations.

CareCloud’s system also comes with a revenue cycle management back-office service that aims to liberate practices from initiating expensive insurance claim follow-up efforts, posting of remittance and other functions.

The company is currently servicing a limited number of clients on its software and revenue cycle management service as it prepares for full product launch in Q2 2010.

CareCloud will use the capital for the development of its electronic medical records product and sales and marketing efforts.

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