CareCloud Extends the Power of its Business Intelligence Platform to Independent Practice Market Segment
January 20 2022 - 9:15AM
CareCloud, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leader in
healthcare technology solutions for medical practices and health
systems nationwide, today announced the launch of its abridged
business intelligence platform, PrecisionBI Lite (PBI Lite),
to expand the company’s addressable market and extend powerful,
financial analytics and business insights to small, independent
practices.
PBI Lite is a financial analytics platform
thoughtfully designed to give cross-functional leaders of
independent practices a powerful, holistic view of their financial
data through a decluttered dashboard experience. The platform
empowers administrators and physicians to make data-backed business
decisions without bogging them down with complex reports.
“PBI Lite has helped our organization achieve
operational transparency, from our providers to our front desk,”
said Michael Saunders, CEO, Associated Physicians Group. “The
platform has given us insights we would never have discovered on
our own, like finding ways to reduce the payment lag times for
minor insurance carriers. These insights have helped us increase
profitability and productivity.”
PBI Lite is positioned to meet a growing market
need. Independent practices are looking to unpack their financial
data in the same way that large medical groups have for years, yet
complex enterprise-level solutions don’t compliment their nimble,
high-growth workflows. PBI Lite is economized to deliver
business-critical data quickly and easily for smaller, independent
practices.
“Our PrecisionBI product has been
implemented by the industry’s leading, third-party EHR and practice
management systems, proving the technology indispensable for large
practices. This is why we are so excited to release PBI Lite as a
purpose-built solution dedicated to small practices,” said Adeel
Sarwar, Chief Technology Officer, CareCloud. “This release speaks
to our mission to empower all of our clients with products that
keep them moving forward. We believe that practices, large and
small, deserve manageable access to key insights that drive revenue
and growth opportunities.”
PBI Lite is platform agnostic and already
seamlessly integrated with CareCloud’s AI-powered, cloud-based EHR
platform, talkEHR. To learn more about PrecisionBI Lite, visit
www.talkehr.com/pbilite.
About
CareCloudCareCloud (Nasdaq: MTBC) (Nasdaq: MTBCP)
brings disciplined innovation to the business of healthcare. Our
suite of technology-enabled solutions helps clients increase
financial and operational performance, streamline clinical
workflows and improve the patient experience. More than 40,000
providers count on CareCloud to help them improve patient care
while reducing administrative burdens and operating costs. Learn
more about our products and services including revenue cycle
management (RCM), practice management (PM), electronic health
records (EHR), business intelligence, telehealth and patient
experience management (PXM) at www.carecloud.com.
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SOURCE CareCloud
Company Contact:Bill KornChief Financial
OfficerCareCloudbkorn@carecloud.com
Investor Contact:Matt KrepsManaging
DirectorDarrow Associates Investor Relationsmkreps@darrowir.com
Media Inquiries:Kaitlyn ModeCorporate
Communications ManagerCareCloudkmode@carecloud.com
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