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Somerset, NJ-March 22, 2007. MTBC announced today that it has successfully completed
the transition of all medical practices from Advanced Physicians Billing, Inc. (APB),
a medical billing company based in Miami, Florida.
APB had been providing medical billing services to physicians throughout the state
of Florida for over 23 years. And now, APB’s clients 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.
Unlike its competition, MTBC provides 4% medical billing to practices of all sizes
and specialties. This service includes full charge entry, payment posting, follow-up,
patient billing, answering of patient calls, as well as the entire host of MTBC
online tools and services. In addition, MTBC clients qualify to receive its Medical
Transcription service for only $.04 per line and free EMR.
David Rosenblum, president of MTBC, says that "Our practice management system provides
comprehensive practice management services to physicians at a price that our competitors
simply cannot match. This acquisition enables us to expand our existing client base
in Florida and the southeast. 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's 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 -- 03/22/07>>
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