CareCloud Raises $2.3M

CareCloud Corporation, a Miami, Florida-based provider of web-based physician practice software and services, has closed an oversubscribed capital raise of $2.3m.

Investors include entrepreneurs and business leaders.
The company provides physicians with a social networking-based business and clinical system and delivers a revenue cycle management service that liberates the practice from managing expensive back-office posting and collections efforts.
The new funds will enable CareCloud to develop its electronic medical records product and expand its ongoing sales and marketing efforts as it prepares for full product launch in Q2 2010.

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