Universal EHR Solutions to Join MTBC’s Blockchain
“Last month, we announced the release of our new healthcare blockchain technology and today we’re pleased to announce that Universal EHR Solutions will be joining as a premier member of our healthcare blockchain network,” said
As previously announced, MTBC has incorporated blockchain technology into its electronic health records (“EHR”) platform and seeks to build a network that will enable the secure storage and sharing of patient medical information, reduce interoperability issues that have plagued the digitization of healthcare for years, and provide patients with the control they need to decide who can access their health data. Universal EHR Solutions is the first EHR vendor to commit to connecting to MTBC’s blockchain, and the parties expect the blockchain connection to be in production by Q4 2018.
In addition to providing blockchain network access and revenue cycle management services to Universal EMR Solutions’ providers, MTBC will be advising Universal’s engineers regarding Meaningful Use certification. The partnership is a strong strategic fit, leveraging the two companies’ respective strengths across three main areas: MTBC’s revenue cycle management services, MTBC’s innovative blockchain network, and Universal’s EHR 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. 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
For additional information, please visit our website at www.mtbc.com.
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 other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.
Forward Looking Statement
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, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, and other important risks and uncertainties referenced and discussed under the heading titled "Risk Factors" in the Company's filings with the
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 that occur or circumstances that exist after the date on which they were made.
Chief Financial Officer