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Carecloud Inc.  (MTBC)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Carecloud Inc's

Competitiveness


 

MTBC Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, Carecloud Inc reported Total Revenue increase in the 2 quarter 2022 by 9.29 % year on year, while most of its competitors have experienced contraction in revenues by -19.19 %, recorded in the same quarter.

List of MTBC Competitors

With net margin of 7.35 % company reported lower profitability than its competitors.

More on MTBC Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Carecloud Inc. achieved net profit of $2.74 millions compare to net loss of $-0.23 millions recorded in same quarter a year ago.

<<  More on MTBC Income Comparisons


Carecloud Inc's Comment on Competitors and Industry Peers


The market for practice management, EHR and RCM information solutions and related services is highly competitive, and we expect competition to increase in the future. We face competition from other providers of both integrated and stand-alone practice management, EHR and RCM solutions, including competitors who utilize a web-based platform and providers of locally installed software systems. Our competitors also include larger healthcare IT companies, such as athenahealth, Inc., eClinicalWorks, Allscripts Healthcare Solutions, Inc. and Greenway Medical Technologies, Inc.

Many of our competitors have longer operating histories, greater brand recognition and greater financial, marketing and other resources than us. We also compete with various regional RCM companies, some of which may continue to consolidate and expand into broader markets. We expect that competition will continue to increase as a result of incentives provided by various governmental initiatives, and consolidation in both the information technology and healthcare industries. In addition, our competitive edge could be diminished or completely lost if our competition develops similar offshore operations in Pakistan or other countries, such as India and the Philippines, where labor costs are lower than those in the U.S. (although higher than in Pakistan). Pricing pressures could negatively impact our margins, growth rate and market share.





  

Overall company Market Share Q2 2022

With revenue growth of 9.29 % within Overall company, Carecloud Inc. achieved improvement in market share, within Overall company to approximate 0.23 %.
<<  More on MTBC Market Share.
 
*Market share is calculated based on total revenue.


MTBC's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Carecloud Inc. MTBC 62.99 148.00 9.00 1,700
Bentley Systems Incorporated BSY 10,164 1,063.91 103.31 4,500
Athena Technology Acquisition Corp ATHN 246 652.81 58.06 0
Aspen Technology inc AZPN 15,963 684.46 272.46 1,419
Computer Programs And Systems Inc CPSI 403 304.69 32.65 2,000
International Business Machines Corporation IBM 108,200 64,050.00 5,588.00 381,100
Teradata Corporation TDC 3,373 1,922.00 322.00 10,800
Willdan Group inc. WLDN 193 385.00 -8.15 637
Cerner Corporation CERN 28,128 5,806.85 589.47 27,400
Kallo Inc. KALO 0 0.00 -0.71 4
Medical Information Technology Inc MITII 0 511.50 71.82 3,700
Allscripts Healthcare Solutions Inc. MDRX 1,806 1,054.54 62.29 8,900
Infosys Limited INFY 71,588 16,311.00 2,968.00 259,612
SUBTOTAL 240,128.39 92,895.10 10,068.11 701,772
       
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