MTBC Celebrates a Record-breaking Year with Top Therapy Group
November 13 2018 - 9:00AM
MTBC (Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of
proprietary, cloud-based healthcare IT and practice management
solutions today celebrated the successful first year of its
partnership with FOX Rehabilitation (“FOX”), one of the nation’s
largest and most innovative providers of rehabilitation services to
geriatric patients.
“We are proud to support FOX as they stay true
to their mission of rehabilitating the lives of geriatric patients
through their unique model of delivering clinically excellent
home-based care through evidence-based medicine,” said A. Hadi
Chaudhry, MTBC President. “FOX’s team of more than 1,300 speech,
occupational and physical therapists are truly changing the lives
of patients throughout the country and we couldn’t be happier to
play a role in meeting their technology, revenue cycle and referral
support needs.”
“MTBC has proven to be exactly the type of
partner we were looking for one year ago and has played a critical
role in supporting our rapid growth,” said Jim O’Brien, CFO of FOX
Rehabilitation. “MTBC has helped us reduce our credentialing
timeframe by 65% and increase our revenues by more than 15%.
They’ve also developed customized applications that address our
unique needs and serve as an engine to support our growth.”
FOX is a clinician-owned and operated
professional private practice of physical, occupational, and speech
therapists, built on the foundation of Geriatric House Calls™. The
practice employs approximately 1,300 clinicians, practicing across
16 states. FOX selected MTBC during November 2017 to manage its
end-to-end revenue cycle, referral process, and certain healthcare
technology needs.
About MTBC
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 NASDAQ Capital Market under the ticker symbol
"MTBC," and its Series A Preferred Stock trades on the NASDAQ
Capital Market under the ticker symbol "MTBCP." For additional
information, please visit our website at www.mtbc.com.
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Investor Contact:Bill KornChief Financial
Officerbkorn@mtbc.com (732) 873-5133
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