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CareCloud says automation cut manual claim handling by 44%

CareCloud says automation cut manual claim handling by 44% Image: Primary
CareCloud said AI and automation reduced manual claim touches by 44% in three months, allowing its teams to handle more volume with the same headcount. The healthcare technology company reported the change alongside third-quarter GAAP net income of $4.7 million, up 54% year over year. CareCloud also recognized its first revenue from enterprise AI workflow work through LailaCare. It reaffirmed full-year revenue guidance of $128-$132 million and adjusted EBITDA guidance of $29-$31 million, contingent in part on continued customer performance.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Markets Insider and reviewed by the T&B editorial agent team.
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