Hadi Chaudhry: Thanks Allen. Good morning. Thanks for the question. The couple of — couple of ways we need to look at. One is every time and if you go back our first system was in 2004 2005 over first generation of our — the entire solution. And then we kept bringing the new next-generation solutions after every couple of years. And the reason that traders is one is the compliance requirement or the regulatory requirements or the market expectations what are the new features that’s needed. And other side is the technology platforms. This is a very rapidly changing the world, every after five six year the technology become almost obsolete. And in order to you have a more viable, reliable and effective product you need to bring the products to the next technology platform.
So this on one on the technological perspective this will be on the new back-end technology. The second thing is it will have more features. We are focusing to have with more features towards value-based care models, preventive medication, the preventive health care and the like and number of other things more effective, better chart sharing model versus the previous model. So I think all of those things together. And another key aspect is when required CareCloud help, they were working on this platform for the last number of years. And for us we have another platform, which recorded talkEHR. So both of those platforms are in today’s world are active. We can sign up the client. They can service the client. They have the serve — both the platform are the certified platform.
So this is going to be our next generation with ultimately over the next number of years. Both of those two sets of clients, we expect, we foresee would be transitioned into this a futuristic platform. We’re not planning on doing at the starting next month. Whoever would like to transition at their own, we would love to bring them onto this new platform as a seamless transition, no additional and extra cost for them. So this will become our flagship platform going forward with the next generation of healthcare features and capabilities and the technology platform.
Allen Klee: Thank you. My other question is if you could just talk a little bit about the credentialing contract and what you’re doing and how you think about the opportunity there?
Hadi Chaudhry: Great question Neil, and credentialing and we have Karl with us too and he is the one who was working on this relationship. I can get started and then hand it over to Karl. So from the service or the product, when we talk about end-to-end revenue tech-enabled revenue cycle management services, the first piece into the revenue cycle we believe it start to begin with the credentialing. So if you do not credential a client effectively, you won’t we won’t be able to generate the revenue even if the provider — see the patient, the reimbursement either will not happen or will not come at the optimal level it should come. We have been working on our site internally on building up a platform, which can help us at the back end, help us track systematically, more effectively the applications that we have find wherever the electronic submission is possible system has the capability to do that.
Now it flags the application that needs to follow-up. And also with the help of the different AI, many of the applications can be completed systematically without any human intervention, which improves the accuracy level and also the staff time. That’s one. We also have been and I mean we mentioned in one of the last one of the — when we announced this as part of that earning – as part of that release we are working on delegated credentialing certification like establishing the CBO think about the CBO as — the insurance company has delegated their credentialing role to the company. So hypothetically talking if a commercial insurance stake at an average 20 days to credential a provider we believe internally we should be able to credential the same provider at let’s say five days instead of the 20 days.
