Beantown has won the second location of CareCloud, a Miami-based provider of cloud-based practice management, electronic health records, revenue cycle management and services focused in the healthcare industry.
The company's products seek to connect medical providers to one another, as well as to their patients, through an integrated digital healthcare ecosystem that can be accessed online.
CareCloud assuredly did not pick Boston out of the blue for its new office. The organization is looking to enforce its engineering, product marketing and operational abilities – and Boston is a known hotspot for academic institutions, healthcare community and healthcare IT companies.
CareCloud has also picked up new executive team members based in Boston who will serve as leaders, promoting the all-around growth of CareCloud.
Boston is a known hub for computer and Internet technology, housing a number of top-earning Internet-based companies. The city is number two or three in the nation (following only Silicon Valley, of course, and sometimes NYC). Though CareCloud has made about 15 hires in Boston, the company's chairman and CEO, Albert Santalo, says more local hires are on the way.
“We are now beginning our recruiting efforts and job creation, which is critical for us to support our rapidly growing network of physician practices on our cloud-based platform,” he said.
CareCloud has over 180 employees and clientele in 45 states, and manages over $2.0 billion in account receivables via its cloud-based billing service. The 2010 winner of the IBM SmartCamp Silicon Valley Competition, CareCloud received a decked out welcome to the city from Boston Mayor Thomas M. Menino, at the company's ribbon cutting ceremony along the South Boston waterfront.
Mayor Menino credited LifeTech Boston, a program he launched in 2004 under the Boston Redevelopment Authority, for getting CareCloud on the Boston map. Since its inception, LifeTech Boston has helped to double the number of life sciences companies in Boston.
Edited by
Braden Becker
