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Overview
LeanTaaS is a software company that uses lean principles, machine learning, and predictive analytics to digitally transform core operational processes in healthcare. This transformation increases patient access, decreases wait times, improves staff satisfaction, reduces healthcare delivery costs, and improves operational performance. LeanTaaS's cloud-based iQueue platform mathematically matches the demand for expensive, constrained healthcare resources – operating rooms, infusion chairs, imaging assets, inpatient beds, etc.
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Visa Direct, Zelis, and Dash Solutions Collaborate to Revolutionize Healthcare Disbursements

OPERATIONS

November 19, 2024

Visa Direct, Zelis, and Dash Solutions have entered a strategic partnership aimed at transforming healthcare disbursements for consumers. This collaboration leverages Dash's innovative digital platform, Visa Direct's global payment network, and the Zelis Advanced Payments Platform (ZAPP) to streamline and accelerate healthcare payments.

Through this partnership, members can receive healthcare-related payments within minutes of approval, marking a significant improvement over traditional processing times. The integration offers flexible payment options, enabling consumers to select real-time payments, digital solutions, or traditional methods that suit their preferences.

Key highlights of the partnership include:

  • Rapid disbursement with real-time payment capabilities.
  • Flexible payment methods to accommodate member needs.
  • Enhanced security features to ensure safe and fraud-free transactions.
  • An intuitive user experience that simplifies healthcare payment processes for both payers and payees.

Stephen Faust, CEO of Dash Solutions, emphasized the significance of this collaboration in addressing complex healthcare payment challenges. According to Yusuf Qasim, President of Payments Optimization at Zelis, the partnership empowers payers to manage disbursements more effectively while improving member satisfaction. Yanilsa Gonzalez Ore, Head of Visa Direct North America, noted that combining Visa’s trusted global network with Dash’s platform creates a more efficient and transparent payment ecosystem.

This initiative represents a milestone in healthcare payments, aligning technology with consumer-centric solutions to create a seamless and secure payment environment.

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CareCloud Completes Credit Line Repayment and Revises Credit Agreement

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October 28, 2024

CareCloud, Inc., a prominent provider of healthcare technology solutions, has fully repaid its credit facility with Silicon Valley Bank (SVB), marking a significant step in achieving its financial goals for 2024. This milestone highlights the company's focus on strengthening its financial position and optimizing its operational framework.

According to Norm Roth, Interim CFO and Corporate Controller of CareCloud, the company began 2024 with a $10 million outstanding balance and set a clear objective to enhance free cash flow, enabling early repayment. "We are pleased to have accomplished this ahead of schedule, achieving a zero balance by the end of the third quarter," Roth stated.

In addition to settling its credit facility balance, CareCloud reduced the available limit on its credit line. This adjustment is expected to save the company approximately $140,000 annually in banking fees. This move reflects CareCloud's strategic efforts to drive efficiency and improve its cash flow metrics.

Under the Ninth Loan Modification Agreement, signed on October 25, 2024, with Silicon Valley Bank (a division of First-Citizens Bank & Trust Company), CareCloud retains an unused credit facility of $10 million, available for future use if needed.

CareCloud, known for its innovative healthcare technology, continues to support over 40,000 providers. The company aims to enhance patient care, streamline administrative processes, and lower operational costs through its technology-driven solutions.

For more details, visit the CareCloud Investor Relations page.

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NexHealth Announces Winter Release 2025 with New Patient-Centric Innovations

OPERATIONS

December 03, 2024

NexHealth unveils its Winter Release 2025 with innovative features like in-office payment terminals, enhanced insurance verification, ledger sync, flexible payment plans, and refreshed patient-facing tools.

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Alexey GubarevCo-FounderPalta
Alexey Gubarev is a multifaceted individual, serving as an entrepreneur, investor, and philanthropist, with an unwavering dedication to Cyprus. His visionary leadership has played a pivotal role in the transformation of Cyprus into a recognized tech hub. Read on to know his thoughts about innovative technologies and its impact on future of healthcare industry.
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Kyle RyanChief Technology OfficerTEBRAKyle Ryan believes that innovative concepts, data-driven insights, precise engineering, and efficient execution combine to create great products. He also believes that leadership is essential for innovation. Read on to know his thoughts on the role of leadership and technology in healthcare industry.
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Matthew SappernCEO PeriGenMatthew Sappern, CEO at PeriGen, had served as a corporate officer for Eclipsys Corporation before and during its merger with Allscripts. Leading up to the merger, Sappern served as Eclipsys Senior Vice President of Professional Services, responsible for the company’s $100M consulting, implementation and training P&L. Sappern joined Eclipsys in January 2003, as VP of product development in the software engineering division. Over a time of three years, he came to run 75 percent of the development operation and oversaw the delivery of three critical enterprise software releases in record time for the company.

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