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CareCloud Q2 Earnings Call Highlights
['Logan Wallace']
Ticker Report
GAAP net income was $1.1 million in the second quarter, down from $2.9 million a year earlier.
Free cash flow, as defined by the company, increased to $5.7 million in the second quarter from $5.4 million a year earlier.
The acquisition had minimal financial impact during the second quarter because it closed in mid-May, Snyder said during the question-and-answer session.
During the quarter, CareCloud completed platform parity work between its legacy inpatient revenue-cycle system and RCM Cloud, as well as planned CareVue parity items.
Its flagship offering, the CareCloud Central platform, combines clinical, financial and administrative workflows into a single, unified system.