MTBC Announces Signing of Its Largest Client, a 950 Provider Group
SOMERSET, N.J., Nov. 27, 2017 (GLOBE NEWSWIRE) -- MTBC (NASDAQ:MTBC) (NASDAQ: MTBCP), a leading provider of mHealth and cloud-based clinical and practice management solutions, today announced the signing of a 950 provider multi-state therapy group, which is expected to ramp-up by the end of 2017 to become the client generating MTBC's largest monthly revenue.
"We're honored that one of the nation's largest and most innovative clinician-owned providers of physical, occupational and speech therapy services has selected MTBC," said Karl Johnson, MTBC SVP Sales and Marketing. "With their unique practice emphasis, and exceptional rate of sustained growth, they'll be leveraging our integrated solution to support continued growth and scale."
"We will begin providing services to our new client this month and expect to be generating initial revenue during fourth quarter 2017," said Stephen Snyder, MTBC President. "As we begin 2018, this new relationship will likely represent our largest single source of monthly client revenue."
Under the service agreement entered into by the parties on November 21st, MTBC will be providing revenue cycle management services and personnel support. MTBC will also be making available its industry leading platform and practice management solution.
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 throughout the United States. Our integrated Software-as-a-Service (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."
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