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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 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>>
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