MTBC Expands Relationship with New Jersey-based Regional Health System
17 May 2017 - 11:25PM
Marketwired
MTBC Expands Relationship with New Jersey-based Regional Health
System
SOMERSET, NJ-(Marketwired - May 17, 2017) - MTBC (NASDAQ: MTBC)
(NASDAQ: MTBCP), a leading provider of proprietary, cloud-based
electronic health records, practice management and mHealth
solutions, today announced that Saint Clare's Health, an
award-winning health system based in New Jersey, has significantly
expanded its relationship with MTBC's subsidiary to include the
majority of its physician groups and new service lines.
Karl Johnson, MTBC SVP, Sales and Marketing, said, "The hospital
seeks to consolidate the billing with one professional billing
company and we're very pleased that our strong relationship and
operational successes resulted in our selection for these
additional physician groups." He continued, "The fulfillment of the
mission of Saint Clare's Health ensures that area residents can
continue to access top quality healthcare services and we're
pleased to support them in fulfilling their mission as we expand
our existing relationship with Saint Clare's Health."
Saint Clare's Health, a member of Prime Healthcare Services, is
comprised of a network of hospitals and healthcare facilities
including Denville Hospital, Dover Hospital, Sussex Health Center,
and various satellite offices. With the latest expansion of MTBC's
relationship with Saint Clare's Health, which is contracted through
MTBC's subsidiary MediGain Practice Management, the scope and
volume of its business with Saint Clare's Health is expected to
significantly increase.
Healthcare practices and hospitals throughout the country
leverage MTBC's proprietary healthcare IT platform and services to
optimize revenues, reduce expenses and streamline workflows. As a
result of its WFS and MediGain acquisitions, MTBC, which has
traditionally focused on the small practice segment of the market,
expanded its suite of services to support the unique workflows of
larger practices and hospitals. MTBC, which experienced greater
than 60% YoY revenue growth during the two most recent quarters,
supports more than 2,700 healthcare providers across the country
practicing in a variety of more than 60 unique specialties and
subspecialties.
About MTBC
MTBC is a healthcare information technology company that
provides a fully integrated suite of proprietary web-based
solutions, together with related business services, to healthcare
providers. Our integrated Software-as-a-Service (or SaaS) platform
helps our customers increase revenues, streamline workflows and
make better business and clinical decisions, while reducing
administrative burdens and operating costs. MTBC's common stock
trades on the NASDAQ Capital Market under the ticker symbol "MTBC,"
and its Series A Preferred Stock trades on the NASDAQ Capital
Market under the ticker symbol "MTBCP."
For additional information, please visit our website at
www.mtbc.com.
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Forward-Looking Statements
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within the meaning of the federal securities laws. These statements
relate to anticipated future events, future results of operations
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comparable terminology.
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Disclaimer:
This press release is for information purposes only, and does
not constitute an offer to sell or solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
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SOURCE MTBC
Investor and Company Contact: Bill Korn Chief Financial Officer
Medical Transcription Billing, Corp. bkorn@mtbc.com
732-873-5133
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