February 01, 2007
MTBC, a Unique Healthcare IT Company, Acquires Advanced Physicians Billing, a Florida
based billing service
Somerset, NJ-February 1, 2007. MTBC announced today that it has acquired Advanced
Physicians Billing, Inc. (APB), a medical billing company based in Miami, Florida.
APB has been providing medical billing services to physicians throughout the state
of Florida for over 23 years. APB's clients will now receive the unparalleled service
and practice management solutions provided by MTBC, giving them total accessibility
to real-time information and the ability to manage their practices more efficiently,
as well as increased and faster collections.
MTBC, with corporate offices located in Somerset, New Jersey, has developed a unique
proprietary practice management system by leveraging state-of-the-art technology
with smart business practices and systems, which it provides to physicians throughout
the country. MTBC's system includes a fully-integrated electronic medical records
(EMR) program, which it makes available to its clients free of charge, as well as
on-line access to patient and billing information, patient scheduling, and automatic
and on-demand insurance and Medicaid eligibility verification.
David Rosenblum, president of MTBC, says that "Our practice management system provides
an unbeatable service to physicians at a price that our competitors simply are not
able to match. This acquisition enables us to expand our existing client base in
Florida and the southwest. The acquisition of APB, together with MTBC's investment
in EMR and other technologies, reflects our unique ability to provide a broad range
of services and technology solutions to physicians across the country."
About MTBC
MTBC currently offers medical billing for only 4% of collections, free electronic
medical records software, on-line access to billing and scheduling information,
real-time eligibility verification and medical transcription services. With practice
management tools, financial reporting capabilities, on-line patient scheduling and
office forms, MTBC's services are unmatched in the industry. MTBC EMR is available
for download from http://www.mtbc.com
Safe Harbor and Forward-Looking Statements
This press release contains certain forward-looking statements based on current
expectations, forecasts and assumptions of MTBC (the Company) that involve risks
and uncertainties.
Contact:
Stephen Snyder, General Counsel
Medical Transcription Billing, Corp.
Telephone: (732) 873-5133
Fax: (732) 873-6858
ssnyder@mtbc.com
<<Business Wire -- 02/01/07>>