CareCloud sells cloud software that US doctors and hospitals use to run billing, patient records, and appointments—think of it as the back-office operating system for medical practices.
Money comes from recurring SaaS subscriptions and practice-management services, with annual revenue around USD 0.12B and gross margins near 45%–46% over the latest two full years.
Switching costs are high because clinics train staff on its EHR and billing workflow, but competitors like Epic Systems and Cerner dominate larger hospital systems, squeezing CareCloud into smaller practices.
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