Healthcare it innovators MTBC & practice fusion integrate 5% medical billing & free on-demand emr

SOMERSET, NJ --(BUSINESS WIRE)--Two fast-growing innovators in healthcare technology, MTBC and Practice Fusion, have integrated comprehensive revenue cycle and practice management with a free on-demand electronic medical record (EMR) system, creating a cost-effective end-to-end solution, the companies announced.

The partnership of web-based platforms substantially streamlines a medical provider’s business process. Patient and claim data initially entered in Practice Fusion’s EMR, such as procedure and diagnosis coding, is transferred securely and seamlessly on a daily basis to MTBC’s web-based billing platform, with its real-time financial reporting and array of practice management tools. MTBC’s dedicated teams in billing, practice and patient support complement the cutting-edge service package.

“We are responding to the ever-expanding number of practices demanding the highest levels of web-based performance and access,” said David Rosenblum, president of MTBC. “The synergy of our respective services is natural and compelling, because we are eliminating the manual data entry and duplication that so many providers needlessly generate for themselves.”

"Our companies each threw out the traditional business model and instead set groundbreaking web-based, on-demand IT standards,” said Ryan Howard, CEO and co-founder of Practice Fusion. “Physicians are shocked by the functionality we deliver as well as the value—our robust EMR is free and MTBC’s low billing rate of 5% of collections is unmatched.”

Founded in 1999, MTBC works with healthcare providers in every specialty nationwide. Practice Fusion is one of the fastest growing EMR communities in the country, having signed on more than 500 users in almost 200 practices in less than 5 months after its 2007 launch.

About MTBC

MTBC performs revenue cycle and practice management for healthcare providers in all specialties. The standard service, billed at 4% of collections, includes practice management tools, financial reporting capabilities, online patient scheduling and office forms, and online access to billing and scheduling information. The premium service, billed at 5% of collections, includes full integration with Practice Fusion, real-time eligibility verification, digital prescribing and electronic lab requisitions. To learn more about MTBC’s medical billing, as well as its medical transcription services, visit www.mtbc.com.

About Practice Fusion

Practice Fusion addresses the complexities and critical needs of today's healthcare environments by proving a revolutionary application and delivery model for physicians and patients at no cost. Practice Fusion's free, on-demand, low-risk EMR platform eliminates the complexities associated with licensing, implementation, integration and support experienced with traditional enterprise software solutions. Practice Fusion dramatically reduces the cost to the practice while enabling providers to deliver the highest level of care possible to their patients. For additional information, please visit http://www.practicefusion.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:

Michael Menche, VP/Marketing & Sales
Medical Transcription Billing, Corp.
Telephone: (732) 873-5133
Fax: (732) 873-6858
mmenche@mtbc.com

<<Business Wire -- 04/01/2008>>