CareCloud, the fast-growing Miami-based healthcare technology startup, is expanding locally — and to Boston.
The company, which provides a comprehensive high-tech system for
managing health records and streamlining medical practices, now has 135 employees
and all but about 15 of them are based in Miami. CareCloud recently signed to
nearly double its office space at Blue Lagoon, going from just under 15,000
square feet to 26,000, said CEO Albert Santalo.
CareCloud is also looking for office space in the Boston area and hopes to base an operation there early next year, its first outside South Florida, Santalo told me on Thursday. CareCloud already has nine employees in that area working remotely, and it plans to add a vice president of engineering to assemble a team there, in news first reported by the Boston Globe.
“We’re finding for certain functions, such as product marketing and product management, it makes sense to have employees up there,” said Santalo, who founded the company in 2009. “In the Boston area there are a lot of healthcare technology companies, there’s sales functions of course, and there are talented engineers from MIT and Harvard that can augment the team in Miami.”
CareCloud currently serves about 400 medical practices with more than 2,000 physicians — 350 doctors were added just last month, Santalo said. “We’re growing in excess of 100 percent a year. We’ve had a foot in Silicon Valley, we’ve had a foot in Boston ... and we’ve been firmly cemented in Miami. But to build an enduring great company, we've got to have reach, we can't do it in isolation. ... We’re trying to hire the best people in the world.”
CareCloud, which has raised $24 million in venture capital funding, expects to have 150 to 160 employees by year’s end. The company’s five-year plan is to grow to about 1,000 employees, Santalo said.
Still committed to South Florida for the long-term? "Oh, for sure, they're never going to get me out of Miami. We're not moving."
(Photo of Albert Santalo by Miami Herald staff photographer Patrick Farrell)