CareCloud Appoints R. Scott Lentz as Chief Financial Officer

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Brings More Than 20 Years of Executive Financial and Operational Experience to Help Propel CareCloud’s Growth

MIAMI & BOSTON--(BUSINESS WIRE)-- CareCloud, the fastest-growing provider of cloud-based practice management, electronic health records (EHR), and medical billing software and services, today announced that it has hired R. Scott Lentz as its new Chief Financial Officer (CFO). He is joining CareCloud as a member of its executive leadership team, responsible for managing the company’s financial, legal and administrative functions. Mr. Lentz will be based in the company’s Miami office and will report to Albert Santalo, CareCloud’s Chairman and CEO.

Scott Lentz, CareCloud's New Chief Financial Officer. (Photo: Business Wire)

Scott Lentz, CareCloud's New Chief Financial Officer. (Photo: Business Wire)

Mr. Lentz brings more than 20 years of successful executive-level financial and operational experience to CareCloud, the last 15 of which have been in the healthcare technology sector. Prior to joining CareCloud, he served as CFO of Aprima Medical Software, Inc., PracticeOne, Inc., and Picis, Inc., as well as COO of Streamline, Inc. Throughout his career, Lentz raised more than $200 million in institutional capital to fund organic and acquisitive growth, led the procurement and sale of several companies and registered another (Picis) for an initial public offering. He is currently an advisory board member to WorkersCount, Inc. and Cyber Holdings, Inc. Mr. Lentz began his career in the military, serving six years as a commissioned officer in the U.S. Coast Guard.

“Scott brings exactly the kind of deep financial and operational experience CareCloud needs during this time of massive growth and scaling across our business. We could not be more thrilled to welcome him to the CareCloud team,” said Santalo. “Our trajectory requires that we have a world-class executive in place who brings a unique balance of experience dealing with both the private and public investment communities. At the same time, Scott will be charged with building internal financial and operational infrastructure to support the results the market will demand from CareCloud for years to come.”

“I’m both proud and humbled to join the stellar team that has been assembled at CareCloud. During my career, my passion has been to be part of organizations that can make a true difference in the health care delivered to patients, and CareCloud represents this,” said Lentz. “The administrative infrastructure and IT that currently powers our healthcare delivery system is broken. I believe that technology – and specifically the type of industry-unique, cloud-based technology that CareCloud offers – is going to transform the management and delivery of health care.”

Mr. Lentz earned a BS in Management with honors from the U.S. Coast Guard Academy, where he received the Marine Underwriters Award for Highest Proficiency in Economics, and an MBA from the University of Washington.

About CareCloud

CareCloud is a leading provider of cloud-based practice management, electronic health record (EHR), and medical billing software and services for medical groups. The company's products are connecting providers to one another – and to their patients – through a fully integrated digital healthcare ecosystem that can be accessed on any browser or device.

CareCloud is helping thousands of physicians increase collections, streamline operations and improve patient care in over 47 states, and currently manages over $2 billion in annualized accounts receivables on behalf of its revenue cycle management clients. To learn more about CareCloud, please visit www.carecloud.com.

CareCloud
John Hallock, 617-615-7712
Vice President, Corporate Communications
media@carecloud.com

Source: CareCloud

Released October 15, 2013