CareCloud and U.S. Physiatry Forge Stronger Partnership for Enhanced Healthcare Services
14 Septembre 2023 - 3:00PM
CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leader in health
care technology solutions for medical practices and health systems
nationwide, is pleased to highlight its strategic partnership with
U.S. Physiatry (USP), a prominent physiatry service provider
operating in 20 U.S. states. This collaborative alliance, in effect
since 2016, has recently seen remarkable growth and improvements,
resulting in enhanced healthcare services for patients and
optimized operations for both organizations.
USP, specializing in physiatry services at
inpatient and outpatient facilities, including hospitals,
rehabilitation centers, skilled nursing homes, and long-term acute
care hospitals, has experienced a transformational shift in its
partnership with CareCloud. With no office locations, USP relies
heavily on CareCloud's technology-enabled revenue cycle management
(RCM) services to streamline their financial processes and optimize
their patient care services.
CareCloud RCM is a technology-enabled solution
that streamlines administrative tasks and enables financial success
for practices. It offers a dedicated team of RCM professionals who
will handle billing, claims management, and revenue optimization.
It also helps to reduce days in accounts receivable, automate
manual processes, and improve revenue capture. Additionally,
practices can gain real-time insights into revenue cycle
performance with powerful analytics tools.
The CareCloud and USP partnership is maximized
by the use of CareCloud's Patient Call Center add-on service, which
has proven to be invaluable in managing patient communications and
engagement. Some of the notable benefits that U.S. Physiatry has
gained from its partnership with CareCloud include:
- Efficient Billing and
Collections: CareCloud manages all billing, collections,
and payment posting services for USP through established billing
interfaces. This collaborative approach has allowed USP to benefit
from CareCloud's RCM knowledge, reducing their workload and
ensuring timely and accurate RCM.
-
Streamlined Operations: USP's
billing team has been reinforced by CareCloud's dedicated support,
resulting in smoother and more efficient operations. The co-source
model has been instrumental in improving communication and
collaboration between the two teams.
- Record Patient
Collections: In recent months, U.S. Physiatry has achieved
record-high patient collections since partnering with CareCloud's
Patient Call Center.
- Industry
Expertise: USP values CareCloud's industry knowledge and
remains open to their recommendations, seeking guidance to further
improve their operations and patient care.
- Technological
Advancements: The past six to eight months have witnessed
the successful rollout of quicker billing interfaces, further
enhancing the efficiency of RCM for USP.
"The U.S. Physiatry and CareCloud partnership
has transformed significantly over the past year, leading to
improved communication, streamlined RCM processes, and enhanced
efficiency for USP,” said Joe Stork, president of USP. “This
collaboration has boosted our RCM, optimized workflows, and
improved insurance accounts receivable. CareCloud's knowledge of
RCM has lightened the administrative workload for U.S. Physiatry
staff, allowing us to focus more on patient care."
CareCloud and U.S. Physiatry's partnership
exemplifies the potential for collaboration between technology
providers and healthcare organizations to drive positive outcomes
for both patients and providers. The shared commitment to
delivering high-quality healthcare services and improving
operational efficiencies is paving the way for continued success in
the future.
To learn more about CareCloud’s comprehensive
suite of technology-enabled services and solutions, visit
carecloud.com/solutions.
About CareCloudCareCloud
(Nasdaq: CCLD, CCLDP, CCLDO) 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, patient
experience management (PXM) and digital health, at
www.carecloud.com.
Follow CareCloud on LinkedIn, Twitter and Facebook.
SOURCE CareCloud
Company Contact:Bill KornChief Strategy
OfficerCareCloudbkorn@carecloud.com
Investor Contact:Asher DewhurstICR
WestwickeCareCloudIR@westwicke.com
Media Inquiries:Alexis FeinbergICR
WestwickeCareCloudPR@westwicke.com
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