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January 25, 2023
On January 24, 2023, UCM Digital Health, a leader in the digital health industry, and MVP Health Care, a nationally renowned health plan, launched the Treatment in Place program. With the help of this new initiative, MVP members will have access to the proper care at the correct time, no matter where they are – at home, at work, or elsewhere.
When an MVP member dials 911, an EMS provider is sent to the member's location, activating the Treatment in Place program. The program gives EMTs and paramedics from partner organizations access to the UCM team, including their medical staff and care coordinators, to help treat patients more effectively right where they are. Using telemedicine, EMTs or paramedics collaborate with a doctor trained in emergency medicine at UCM to treat patients that have non-life-threatening conditions swiftly.
The patient is given appropriate, high-quality, and cost-effective care through a combination of hands-on and virtual care without the need to visit the emergency room. This program benefits the patient and lets EMS organizations save on the cost of transporting the patient to the emergency room. For instance, EMS professionals can quickly evaluate the patient's vital signs, conduct a physical examination, analyze social determinants of health, or run a diagnostic test inside the patient's home.
This program lets EMS organizations use their resources well, allowing them to treat more patients at their location so they can focus on true emergencies. This service is available to MVP members across 18 counties in New York through UCM's relationships with 911 centers and EMS organizations across the state. There are plans to expand the service throughout the state.
Furthermore, the Treatment in Place program helps lessen the burden on health systems as hospitals continue to experience capacity and staffing shortages. UCM Digital Health, a virtual care provider, enables MVP's Gia telemedicine platform.
About UCM Digital Health
Headquartered in Troy (New York), UCM Digital Health provides an end-to-end, digitally integrated health solution that enables patients to access care on their terms. UCM offers various patient services, including emergency and urgent care, behavioral health, primary and specialty care, and more. These services are delivered by leveraging a digital front door platform, a multidisciplinary team of providers, and a 24/7 telehealth treatment, triage, and navigation service.
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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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