CareCloud President and CEO Albert Santalo is quickly on his way to becoming a serial entrepreneur.
The company, which offers social networking-style practice management software, traces its seeds back to only January 2009. It secured $2.3 million from investors, according to TechCrunch, and took its product to market March last year. The company now has 70 employees in a new office in the Blue Lagoon area, with 200 physician clients, 500 ancillary care providers spread across 10 states. He expects in the near future for healthcare providers in 30 states to be using the CareCloud system
Trained in computer engineering, he’s worked mostly in the business side healthcare technology. Prior to CareCloud, Mr. Santalo helped found Avisena in 2001, which provided revenue management software to healthcare providers. Though he exited the company in 2008, he still saw opportunities in sector and was eager to jump back in.
“Our business targets ambulatory healthcare, which is physician practices of all shapes and sizes,” he said, “and that's a very fragmented and very wasteful segment of healthcare. Estimates put it between 25% to 50% waste.”
CareCloud, he continued, helps practices get rid of that waste by taking care of the back-office functions and letting doctors focus on their patients.
Mr. Santalo discussed how CareCloud was started, and where it’s headed, in its new office with Miami Today staff writer Zachary S. Fagenson.