Intel Invests in CareCloud

Intel makes investments more or less often, and the latest one involved a certain sum of money passing into the hands of health care company CareCloud.

When we spoke of the big plans that AMD had for the cloud in China, we mentioned the efficiency, centralization and management benefits that cloud could bring to businesses.

CareCloud is a healthcare IT company that, as its name implies, has decided to base much of its activities on this technology.

The corporation offers apps for physician practices, helping with practice management, soon-to-be electronic medical methods and revenue cycle management.

Turns out that the company's activities were enough to prompt an Investment on Intel's part, one that will let it expand its service offering, apps collection and its overall business reach.

“In just a year and a half, the rapid acceptance of our cloud computing platform, which delivers intuitive, powerful apps for practice management, revenue cycle management and soon-to-be electronic medical records, has demonstrated that physicians, staff and administrators are tired of a lackluster software experience,” said Albert Santalo, CEO and founder.

“We’re ready to further accelerate our growth and product development, and are delighted to find investors who share our passion for revolutionizing the healthcare experience. We look forward to tapping their deep expertise as we expand our healthcare ecosystem, unveil our electronic medical record (EMR), and prepare to launch our mobile solution.”

For those who want to know just what they might expect from CareCloud, the company got multiple awards last year.

It was a winner at IBM's SmartCamp Silicon Valley, for instance, and a runner-up at the IBM SmartCamp World Finals in 2010. It was there that contact was made with Intel Capital.

CareCloud intends to launch several new apps for the healthcare ecosystem even before the ongoing year (2011) is out.