Top Insurer Pioneers MTBC’s Newest SaaS Solution
October 04 2017 - 9:00AM
MTBC (NASDAQ: MTBC) (NASDAQ: MTBCP), a leading provider of
proprietary, cloud-based technology solutions today announced that
one of the 10 largest insurance carriers in the United States has
entered into a contract with MTBC to leverage MTBC’s
EnrollmentPlus™ software-as-a-service (SaaS) solution.
“Our proprietary electronic data interchange (EDI) platform,
EnrollmentPlus, is positioned to revolutionize group insurance
enrollment through our unique clearinghouse engine,” said Bill
Korn, MTBC Chief Financial Officer. He continued, “Our
EnrollmentPlus SaaS solution is an outgrowth of our clearinghouse.
Automating the processing and validation of enrollment is a new
capability, and we are excited to welcome one of the nation’s top
insurers as a new customer. We are excited to launch this new SaaS
solution which could become an important new source of revenue for
us.”
“EnrollmentPlus -- which was developed in collaboration with
MTBC’s ad hoc advisory council comprised of major insurance
carriers, enrollment vendors and third-party administrators --
streamlines the insurance enrollment workflow, yielding significant
benefits to all stakeholders,” Nish Sampath, the leader of MTBC’s
clearinghouse and EDI business, which developed
EnrollmentPlus. He continued, “Our new client is focusing its
worksite benefit division’s growth towards the smaller employer
market with under 250 members. They will be leveraging MTBC’s
cloud-based EnrollmentPlus to facilitate fast and effective
onboarding of its electronic enrollments for this target market as
well as their existing large employer market. We believe the
insurance industry is yearning for faster onboarding times, reduced
data remediation costs, process visibility and powerful analytics
-- and we’ve developed a clearinghouse solution that will help
accomplish these important objectives.”
The parties signed the EnrollmentPlus contract on September 26,
2017.
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 practicing in ambulatory care settings. 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.
Follow MTBC on Twitter, LinkedIn and Facebook.
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SOURCE MTBC
Company and Investor Contact:
Bill Korn
Chief Financial Officer
Medical Transcription Billing, Corp.
bkorn@mtbc.com
732-873-5133
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