CareCloud Expands AI-Driven Benchmarking Capabilities with Acquisition of HFMA's MAP App

CareCloud acquires MAP App, a hospital benchmarking tool created by HFMA, to expand AI-driven insights and accelerate growth in the hospital market. The acquisition enables the expansion of MAP App's capabilities, including AI-driven insights, and strengthens CareCloud's position in the inpatient healthcare IT market. CareCloud and HFMA will partner long-term to advance the tool and broaden its reach.

CareCloud, Inc. (NASDAQ: CCLD, CCLDO), a leading provider of AI-driven healthcare technology solutions, has announced the acquisition of MAP App, a leading hospital benchmarking tool created by the Healthcare Financial Management Association (HFMA). The acquisition is scheduled to close on October 1, 2025, and is supported by a long-term joint marketing agreement. This strategic move aims to expand MAP App's capabilities, including AI-driven insights, while accelerating its growth throughout the hospital market.

MAP App is an industry-leading tool for benchmarking and measuring revenue cycle management performance, developed by HFMA. It is widely used by top hospitals and healthcare organizations nationwide. The acquisition reflects both HFMA's desire to partner with a leader in healthcare technology to expand MAP App's core capabilities and CareCloud's strategy to expand its SaaS-based ecosystem with best-in-class tools that complement its AI-powered revenue cycle platform.

Stephen Snyder, Co-Chief Executive Officer of CareCloud, stated, "Aligned with HFMA’s mission, MAP App provides hospitals with the revenue cycle insights needed to improve transparency, efficiency, and financial results. Together, we look forward to advancing this tool to the next level of innovation and impact." This acquisition enables CareCloud to deliver actionable insights and uncover opportunities for measurable improvement, strengthened by the capabilities of its AI Center of Excellence and the synergies created through its recent acquisition of Medsphere's hospital IT business.

C. Ann Jordan, President & CEO of HFMA, expressed excitement about the partnership, saying, "MAP App is an outgrowth of our mission to equip our 140,000 members with the tools and insights they need to advance revenue cycle performance. We are excited to work with CareCloud to take MAP App forward, leveraging their strong technological capabilities and AI expertise. Together we will broaden the reach of MAP App, ensuring more providers benefit from improved performance measurement and greater financial transparency."

The acquisition of MAP App will not have a material financial impact on CareCloud in 2025. CareCloud brings disciplined innovation to the business of healthcare, with its suite of AI and technology-enabled solutions helping clients increase financial and operational performance, streamline clinical workflows, and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care while reducing administrative burdens and operating costs.

CareCloud's forward-looking statements include expectations for future financial performance and operating expenditures, expected growth, profitability, and business outlook. The company acknowledges that its operations involve risks and uncertainties, many of which are outside its control, and that past operational or stock price performance is not an indication of future performance.