Major Diagnostic Laboratory Selects MTBC for Integrated Healthcare IT and Revenue Cycle Services
August 22 2017 - 7:00AM
Marketwired
Major Diagnostic Laboratory Selects MTBC for Integrated
Healthcare IT and Revenue Cycle Services
SOMERSET, NJ--(Marketwired - Aug 22, 2017) - MTBC (NASDAQ: MTBC)
(NASDAQ: MTBCP), a leading provider of proprietary, cloud-based
healthcare IT solutions and services, announced today that it has
been selected by Infinity Diagnostic Labs, a full-service clinical
and anatomical pathology laboratory as its healthcare IT and
revenue cycle management vendor.
"Infinity Diagnostic Labs sought a technology and revenue cycle
partner that could add value and support their continued growth
throughout the region," said Karl Johnson, SVP Business Development
for MTBC. He continued, "Not only will this relationship generate
significant new revenue to MTBC, but it will also provide a strong
base from which to expand MTBC's niche laboratory billing services.
Specialty diagnostic labs present a significant market
opportunity."
MTBC first launched the laboratory division of its larger
billing operations in 2014. Infinity Diagnostic Labs will serve as
a cornerstone of its strategic laboratory and diagnostic billing
expansion plans. MTBC will be creating a sophisticated interface
between the lab's management software and MTBC's platform, making
available to Infinity MTBC's patient portal, automated payment
reminder calls, business intelligence tools and other services.
About MTBC
MTBC is a healthcare information technology company that
provides a fully integrated suite of proprietary web-based and
mobile health solutions, together with related business services,
to healthcare providers throughout the United States. Its
integrated SaaS platform helps its 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."
Forward-Looking Statements
This press release contains various forward-looking statements
within the meaning of the federal securities laws. These statements
relate to anticipated future events, future results of operations
or future financial performance. In some cases, you can identify
forward-looking statements by terminology such as "may," "might,"
"will," "should," "intends," "expects," "plans," "goals,"
"projects," "anticipates," "believes," "estimates," "predicts,"
"potential," or "continue" or the negative of these terms or other
comparable terminology.
Our operations involve risks and uncertainties, many of which
are outside our control, and any one of which, or a combination of
which, could materially affect our results of operations and
whether the forward-looking statements ultimately prove to be
correct. Forward-looking statements in this press release include,
without limitation, statements reflecting management's expectations
for future financial performance and operating expenditures,
expected growth, profitability and business outlook, increased
sales and marketing expenses, and the expected results from the
integration of our acquisitions.
These forward-looking statements are only predictions, are
uncertain and involve substantial known and unknown risks,
uncertainties and other factors which may cause our (or our
industry's) actual results, levels of activity or performance to be
materially different from any future results, levels of activity or
performance expressed or implied by these forward-looking
statements. New risks and uncertainties emerge from time to time,
and it is not possible for us to predict all of the risks and
uncertainties that could have an impact on the forward-looking
statements, including without limitation, risks and uncertainties
relating to: the Company's ability to manage growth; integrate
acquisitions; effectively migrate and keep newly acquired customers
and other important risks and uncertainties referenced and
discussed under the heading titled "Risk Factors" in the Company's
filings with the Securities and Exchange Commission.
The statements in this press release are made as of the date of
this press release, even if subsequently made available by the
Company on its website or otherwise. The Company does not assume
any obligations to update the forward-looking statements provided
to reflect events.
For more information on MTBC, please visit www.mtbc.com.
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SOURCE MTBC
Company and Investor Contact:Bill KornChief Financial
OfficerMedical Transcription Billing, Corp.bkorn@mtbc.com(732)
873-5133
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