CareCloud — which provides cloud-based practice management, electronic health record (EHR), and medical billing software and services — has secured $15 million from its investors. The new funds will be used to “advance product innovation and customer success.”
In addition, the company also got a new CEO, Ken Comée, replacing Albert Santalo, who will remain at CareCloud as Chairman and Chief Strategy Officer.
During the past three years, Comée served as CareCloud’s Board member and operational advisor. Previously, he was a CEO of Cast Iron Systems and PowerReviews.
During Q1 2015, CareCloud signed seven of its largest deals, including a large, multispecialty urgent care group practice with locations across the Southwest.
“Today, large ambulatory medical groups demand a true platform of choice that offers superior ease of use and better business results in support of patient care,” Comée said. “As the first quarter of 2015 demonstrated, no company is better positioned than CareCloud to lead the charge in replacing legacy systems. I look forward to leading this team in support of that mission.”