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May 31, 2022
Digital health innovation platform, The Clinician, announced it is partnering with Northern Health, a prominent public healthcare provider. Northern Health is set to expand its Victorian Virtual Emergency Department (VVED). The organization has onboarded The Clinician as its technology partner to develop a new patient registration and intake portal as part of the expansion.
"Working with The Clinician has been absolutely fantastic. They have taken the time to understand the problem and have produced a bespoke product that has exceeded our expectations in both quality and timely delivery. Their team are extremely professional and have been very easy to work with. I look forward to potential future collaborations."
Loren Sher, Clinical Director of the Victorian Virtual Emergency Department
"Everyone can relate to the challenges of busy, in-person emergency departments, so our team is proud to be supporting Northern Health's VVED and enabling patients to access high quality care from home. We see this as a great example of how our platform can be flexibly configured to the unique digital health needs of hospitals and healthcare services and look forward to extending our digital transformation work with Northern Health into other exciting areas."
Tamaryn Hankinson, Chief Commercial Officer and Co-Founder of The Clinician
VVED’s expansion will cover the state of Victoria and follows the success of the program since it was launched in 2020. The results include
Following the collaboration, PREM or a patient-reported experience measure was added along with integrations with existing information systems. Northern Health also aims to make the most of The Clinician’s platform to assist ambulatory professionals and other healthcare services in the hospital.
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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:
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.
OPERATIONS
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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