CareCloud, a Miami, FL-based provider of practice management, electronic health records (EHR), and medical billing software and services, raised $20m in Series B financing.
The round was led by Tenaya Capital, with participation from existing investors Intel Capital and Norwest Venture Partners. In conjunction with the funding, Stewart Gollmer, Tenaya Capital’s Managing Partner, will join CareCloud’s Board of Directors.
The company intends to use the funds to continue to grow across all business functions, with a particular focus on product development, sales and marketing.
Led by Albert Santalo, Chairman and CEO, CareCloud provides a cloud-based practice management, electronic health record (EHR) and medical billing software and services for 3,000 providers in 45 states.
The company’s products connect providers to one another – and to their patients – through a digital healthcare ecosystem that can be accessed on browsers or devices.
The company is hiring (have a look at their career page).