Intel Capital Invests in Healthcare IT Company CareCloud

Intel Capital has invested in CareCloud, a healthcare IT company that is utilizing cloud, mobile and social networking technologies to bring new capabilities and efficiencies to healthcare providers. CareCloud targets physician practices, offering apps for practice management, revenue cycle management and soon-to-be electronic medical records. The company has received multiple awards in the last year, including being named a winner at IBM’s SmartCamp Silicon Valley and a runner-up at the IBM SmartCamp World Finals in 2010. At the SmartCamp competitions, CareCloud first connected Intel Capital. The funding from Intel Capital will enable CareCloud to expand its reach, apps, and service offering.