CareCloud to Acquire HFMA’s MAP App, Expanding AI-Driven Benchmarking for Hospitals and Health Systems
CareCloud’s acquisition and long-term partnership with HFMA reinforce its leadership in the inpatient healthcare IT market.
SOMERSET, N.J., Sept. 29, 2025 (GLOBE NEWSWIRE) – CareCloud, Inc. (NASDAQ: CCLD, CCLDO) (“CareCloud” or the “Company”), a leader in AI-driven healthcare technology solutions for hospitals, integrated health systems, and medical practices across the U.S., today announced a definitive agreement to acquire MAP App, a premier hospital benchmarking tool developed by the Healthcare Financial Management Association (“HFMA”). The acquisition, set to close on October 1, 2025, is supported by a long-term joint marketing agreement and will expand MAP App’s capabilities—including AI-driven insights—while accelerating its adoption across the hospital market.
MAP App is widely recognized for benchmarking and evaluating revenue cycle management performance and is used by leading hospitals and healthcare organizations nationwide. The acquisition aligns with HFMA’s goal of partnering with a top healthcare technology provider to enhance MAP App’s core functionality and supports CareCloud’s strategy to broaden its SaaS ecosystem with best-in-class solutions that complement its AI-powered revenue cycle platform.
“MAP App empowers hospitals with the revenue cycle insights needed to enhance transparency, efficiency, and financial outcomes, in line with HFMA’s mission,” said Stephen Snyder, Co-CEO of CareCloud. “Together, we aim to elevate this tool to the next level of innovation and impact. This acquisition strengthens CareCloud’s ability to deliver actionable insights, uncover improvement opportunities, and leverage the capabilities of our AI Center of Excellence, amplified by the synergies from our recent Medsphere hospital IT acquisition.”
“MAP App reflects our commitment to provide our 140,000 members with the tools and insights needed to enhance revenue cycle performance,” said C. Ann Jordan, President & CEO of HFMA. “We are thrilled to partner with CareCloud to advance MAP App, leveraging their technological expertise and AI capabilities. Together, we will expand MAP App’s reach, helping more providers achieve better performance measurement and greater financial transparency.”
HFMA is the nation’s leading membership organization for healthcare finance professionals, supporting hospitals, health systems, and other healthcare organizations in navigating complex financial challenges through education, certification, and practical tools that improve business and clinical outcomes. One of its flagship innovations is MAP App, a hospital benchmarking solution designed to provide providers with actionable insights to enhance transparency, efficiency, and sustainability in revenue cycle management.
The acquisition of MAP App is not expected to have a material financial impact on CareCloud in 2025.
About CareCloud
CareCloud (Nasdaq: CCLD, CCLDO) delivers innovative, technology-driven solutions that transform healthcare operations. Our AI-powered and technology-enabled platform helps clients enhance financial and operational performance, optimize clinical workflows, and elevate the patient experience. Over 40,000 providers rely on CareCloud to improve care delivery while reducing administrative burdens and operating costs.
CareCloud’s offerings include revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM), and digital health solutions. Learn more at carecloud.com
