Electronic Care Corp
About Electronic Care Corp
Electronic Care Corp is a company based in United States by Mahmud Ul Haq and Mahmud Haq was acquired by MTBC in January 2020.. Electronic Care Corp has raised $158.77 million across 14 funding rounds from investors including SVB, Intel and PNC. The company has 3,650 employees as of December 31, 2024. Electronic Care Corp has completed 5 acquisitions, including MediGain, Meridian Medical Management and MesaBilling. Electronic Care Corp offers products and services including Electronic Health Records, Revenue Cycle Management, Practice Management, Patient Experience Management, and Telehealth. Electronic Care Corp operates in a competitive market with competitors including athenahealth, Notable, Symplr, Lemon Healthcare and Helium Health, among others.
- Headquarter United States
- Employees 3650 as on 31 Dec, 2024
- Founders Mahmud Ul Haq, Mahmud Haq
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Carecloud, Inc.
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Annual Revenue
$110.84 M-5.32as on Dec 31, 2024
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Net Profit
$7.85 M116.13as on Dec 31, 2024
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EBITDA
$25.9 M101.86as on Dec 31, 2024
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Total Equity Funding
$158.77 M (USD)
in 14 rounds
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Latest Funding Round
$33.16 M (USD), Series C
May 01, 2019
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Investors
SVB
& 11 more
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Employee Count
3650
as on Dec 31, 2024
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Investments & Acquisitions
MediGain
& 4 more
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Acquired by
MTBC
(Jan 08, 2020)
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IPO & Listings of Electronic Care Corp
Electronic Care Corp is a publicly listed company on the NASDAQ with ticker symbol CCLD in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Electronic Care Corp
Electronic Care Corp offers a comprehensive portfolio of products and services, including Electronic Health Records, Revenue Cycle Management, Practice Management, Patient Experience Management, and Telehealth. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cloud-based system to enhance patient care and operational efficiency.
Tools to maximize revenue and simplify administrative tasks.
Software for scheduling and resource optimization in practices.
Solutions to improve patient satisfaction and interactions.
Secure platform for remote patient consultations and care.
AI-driven features for clinical documentation and decision support.
Real-time health tracking for proactive patient management.
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Funding Insights of Electronic Care Corp
Electronic Care Corp has successfully raised a total of $158.77M across 14 strategic funding rounds. The most recent funding activity was a Series C round of $33.16 million completed in May 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 14
- Last Round Series C — $33.2M
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First Round
First Round
(19 Jan 2010)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Series C - Electronic Care Corp | Valuation |
investors |
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| Apr, 2018 | Amount | Post-IPO - Electronic Care Corp | Valuation |
investors |
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| Dec, 2017 | Amount | Post-IPO - Electronic Care Corp | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Electronic Care Corp
Electronic Care Corp has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include SVB, Intel and PNC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage SaaS companies are funded by the venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Investment and partnership services for entrepreneurs in finance and growth support.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Electronic Care Corp
Electronic Care Corp has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include MediGain, Meridian Medical Management and MesaBilling. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Medical billing services are provided to healthcare entities.
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2008 | ||||
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Revenue cycle management services are offered to healthcare providers.
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2004 | ||||
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Provider of medical billing services
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Electronic Care Corp
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Electronic Care Corp Comparisons
Competitors of Electronic Care Corp
Electronic Care Corp operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as athenahealth, Notable, Symplr, Lemon Healthcare and Helium Health, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based administrative tools for healthcare providers are offered.
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| domain | founded_year | HQ Location |
Wearable device provided for capturing patient-doctor interactions.
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| domain | founded_year | HQ Location |
Cloud-based administrative solutions for healthcare credentialing and compliance are offered.
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| domain | founded_year | HQ Location |
Hospital management software is provided for patient care processes.
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| domain | founded_year | HQ Location |
Electronic medical records software is provided for healthcare providers.
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| domain | founded_year | HQ Location |
Healthcare analytics are delivered to enhance provider performance.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Electronic Care Corp
Frequently Asked Questions about Electronic Care Corp
Where is Electronic Care Corp located?
Electronic Care Corp is headquartered in United States.
Who is the current CEO of Electronic Care Corp?
A Hadi Chaudhry is the current CEO of Electronic Care Corp.
Is Electronic Care Corp a funded company?
Electronic Care Corp is a funded company, having raised a total of $158.77M across 14 funding rounds to date. The company's 1st funding round was a Post-IPO of $3.9M, raised on Jan 19, 2010.
How many employees does Electronic Care Corp have?
As of Dec 31, 2024, the latest employee count at Electronic Care Corp is 3,650.
What is the annual revenue of Electronic Care Corp?
Annual revenue of Electronic Care Corp is $110.84M as on Dec 31, 2024.
What does Electronic Care Corp do?
Cloud-based administrative tools are developed by Electronic Care Corp for healthcare providers in the United States. Electronic health records, practice management, and medical billing are facilitated through the platform. Services encompass claims submission, patient billing, scheduling, insurance verification, task management, and real-time patient flow monitoring. A secure communication portal is maintained for interactions between patients, doctors, and staff. Operations center on streamlining administrative processes in the healthcare sector.
Who are the top competitors of Electronic Care Corp?
Electronic Care Corp's top competitors include athenahealth, Notable and ABI Health.
What products or services does Electronic Care Corp offer?
Electronic Care Corp offers Electronic Health Records, Revenue Cycle Management, Practice Management, Patient Experience Management, and 3 more products and services.
Is Electronic Care Corp publicly traded?
Yes, Electronic Care Corp is publicly traded on NASDAQ under the ticker symbol CCLD.
How many acquisitions has Electronic Care Corp made?
Electronic Care Corp has made 5 acquisitions, including MediGain, Meridian Medical Management, and MesaBilling.
Who are Electronic Care Corp's investors?
Electronic Care Corp has 12 investors. Key investors include SVB, Intel, PNC, Fiserv, and Hercules Capital.
What is Electronic Care Corp's ticker symbol?
The ticker symbol of Electronic Care Corp is CCLD on NASDAQ.