Urology Austin Selects CareCloud To Streamline Practice Management and Operations, Prepare for ICD-10 Transition

  Urology Austin Selects CareCloud To Streamline Practice Management and
  Operations, Prepare for ICD-10 Transition

One of Texas’ Largest Urology Groups Replaces Current System with Cloud-based
         Platform to Stay Ahead of Reform Mandates and Support Growth

Business Wire

MIAMI & BOSTON -- January 14, 2014

CareCloud, the fastest-growing provider of cloud-based practice management,
electronic health records (EHR), and medical billing software and services,
today announced that Urology Austin, one of Texas’ largest urology specialty
groups, has selected CareCloud’s cloud-based revenue cycle management
solution, CareCloud Concierge, for 20 providers caring for patients across 17
locations. Urology Austin will leverage CareCloud’s practice management and
revenue cycle management offerings to bolster its operations while staying
ahead of critical government mandates like ICD-10. In addition, CareCloud’s
practice management solution will tightly integrate with Urology Austin’s
long-standing clinical solution, UroChartEHR®, an EHR from CareCloud partner
HealthTronics, Inc., a subsidiary of Endo Health Solutions Inc. (Nasdaq:
ENDP).

“We knew we needed a modern, cloud-based solution to help streamline revenue
cycle management across our enterprise as we prepare for ICD-10 and various
other billing reform efforts in healthcare,” said Robert Lindahl CEO of
Urology Austin. “It became clear that CareCloud’s offering was superior to
other cloud-based solutions in the market, providing a flexible practice
management system that will allow us to allocate operational resources more
efficiently while achieving higher revenue realization, reducing days in
accounts receivable and increasing our relentless focus on delivering
outstanding patient care.”

CareCloud Concierge is a complete revenue cycle management solution that
combines the power of CareCloud’s practice management software with the expert
services of its billing and collections teams to help medical practices
optimize their revenue cycle from start to finish. As part of the Concierge
solution, Urology Austin physicians and their staff will utilize a common
cloud-based practice management platform that can be accessed via any web
browser and features CareCloud’s award-winning user experience and design. For
more information on CareCloud’s Concierge revenue cycle management solution
and other products, visit www.carecloud.com/solutions.

“We are thrilled that Urology Austin has selected our cloud-based revenue
cycle management offering, a decision that validates the current replacement
market underway in the practice management space,” said Albert Santalo,
Chairman and CEO of CareCloud. “Leading groups like Urology Austin realize
that as government mandates evolve and newly insured Americans enter the
healthcare system, they require a flexible system that can help them navigate
increasing complexity while also leveraging the latest in cloud-based
technology.”

Physicians are increasingly concerned about the health of their practices. The
findings of the 2013 Practice Profitability Index (PPI), which surveyed more
than 5,000 physician participants regarding issues impacting the financial and
operational status of their practices, found that three of the top four issues
negatively affecting profitability for all physicians stemmed from healthcare
reform, led by declining reimbursements(65%),rising costs (57%),Affordable
Care Act-related requirements(48%)and coding and documentation changes,
including ICD-10(44%). The PPI also found that(48%)of physician practices
indicated that increased operational and billing pressures will leave them
unable to accept any of the influx of 30 million newly insured Americans
expected to join the healthcare system, indicating a concerning issue with
access to care.

About Urology Austin

Urology Austin (UA) is the largest urology group in Austin with 18 urologists,
a pathologist and radiation oncologist in 16 locations. UA is recognized for
excellence in providing treatments of all aspects of male and female urology
including incontinence, BPH, low testosterone, and urologic cancers such as
prostate, bladder, kidney and testicular cancer. To learn more about Urology
Austin please visit www.urologyaustin.com.

About CareCloud

CareCloud is a leading provider of cloud-based practice management, electronic
health record (EHR), and medical billing software and services for medical
groups. The company’s products are connecting providers to one another – and
to their patients – through a fully integrated digital healthcare ecosystem
that can be accessed on any browser or device.

CareCloud is helping thousands of physicians to increase collections,
streamline operations and improve patient care in over 48 states, and
currently manages over $2 billion in annualized accounts receivables on behalf
of its revenue cycle management clients. To learn more about CareCloud, please
visit www.carecloud.com.

Contact:

Urology Austin
Diane Baker, 512-796-1048
Marketing and Physician Relations
Diane.Baker@urologyaustin.com
or
CareCloud
John Hallock, 617-615-7712
Vice President, Corporate Communications
media@carecloud.com
 
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