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Disclaimer
MTBC is "One to Watch"
Medical Transcription Billing, Corp. (NASDAQ: MTBC) is an award-winning healthcare IT company that provides a fully integrated suite of proprietary web-based solutions and related business services to a diverse and growing number of healthcare providers throughout the United States. The company’s Software-as-a-Service (SaaS) platform helps healthcare providers by increasing revenues, aiding clinical and business decision making, reducing administrative burdens, streamlining workflows, and reducing operating costs.
Servicing thousands of doctors in over 40 states across more than 63 healthcare specialties, MTBC’s platform of products and best-in-class services is scalable and functional according to need. The integrated service offering helps physician practices cost-effectively and successfully meet regulatory challenges, improve their financial performance, and increase efficiency to prosper amidst a rapidly shifting healthcare industry.
MTBC’s product portfolio includes electronic health records, practice management, patient engagement and mHealth smartphone and tablet apps – all of which are fully supported by and integrated with the company’s core managed billing service. In addition, the company offers and array of value-added services, including medical transcription, coding and business intelligence. The standard fee for its complete, integrated, end-to-end solution is calculated as a percentage of a practice’s healthcare-related revenues, and is among the lowest in the industry.
While MTBC’s ICD 9 to ICD 10 app is ranked No. 1 on Apple Store and Google Play as the most downloaded app in its category, MTBC itself is the recipient of enviable awards. Among others, the company is ranked among the Deloitte Technology Fast 500 (2009, 2010, 2011, 2012), is a Microsoft® Certified Partner, and has been awarded the Surescripts® White Coat of Quality.
The Company went public via an IPO on Nasdaq in July 2014, and acquired three competitors at the same time. It acquired two small competitors during the third quarter of 2015, three during the first nine months of 2016, and a larger company in October 2016.
The company also boasts a base of longstanding clients and recently launched its Client Loyalty Program to thank its clients for using MTBC’s services. As part of the program, MTBC is awarding 100 shares of its publicly traded common stock to its providers and 1,000 shares for referring other physician practices. New MTBC clients are also eligible to participate and receive awards.
Under the direction of a diverse and highly experienced management team, MTBC serves a diverse field of healthcare entities ranging from single physicians and medium-sized practices to independent physician associations, consistently innovating to keep pace with the broader global healthcare environment.
