In 2009 CareCloud launched with an intention to connect physicians to health records. The startup then went on to be one of the prominent cloud-based healthcare software and services. Interestingly the startup has raised another round of funding from The PNC Financial Services Group, Inc., First Data Corporation and Blue Cloud Ventures. The funding is valued to be $31.5 million which the startup will further utilise to modernise healthcare.
As put forth by Ken Comée, CEO, “To simplify and improve the process of delivering and financing health care within a rapidly changing ecosystem, you need a technology platform that is flexible with tools as easy to use as we see in banking, shopping and our other everyday activities.”
What distinguishes this funding is that the entire financing is from angel investors with no traditional venture capitalists involved. The challenge for this startup is to build infrastructure that can enable the startup to manage the exponential growth of the services. CareCloud aims to become “the single log-in for healthcare” and offers a real-time patient flow chart system.