MTBC Announces Signing of New Hospital Client, The Heights Hospital
April 04 2019 - 9:15AM
MTBC (NASDAQ: MTBC) (NASDAQ: MTBCP), a leading provider
of revenue cycle and cloud-based healthcare IT solutions, today
announced the signing of The Heights Hospital for in-patient and
outpatient revenue cycle management (“RCM”) services and fully
customized IT solutions.
The Heights Hospital (“The Heights”) which is
privately held is expected to officially open during Q2 of 2019.
The Heights will serve the Houston, Texas area for both in-patient
care and outpatient services. The Heights will feature 50 private
rooms and most notable will be a Medical Detox Unit, Would Care
Treatment and Oncology Infusion along with numerous outpatient
clinics. Furthermore, the facility is building an 8,000 sq. ft
Outpatient Physician Clinic with 17 treatment rooms which will be
the largest physician clinic in the Heights.
“We believe that MTBC is uniquely positioned to
support our technology, revenue cycle and practice management
needs,” said Stephen Myers, JD, LLM, MBA, CEO of The Heights
Hospital. “We are excited to launch this new relationship and look
forward to leveraging MTBC’s support as we deliver in-patient and
outpatient care to the Heights.”
“We are excited for the opportunity to work with
The Heights Hospital as their exclusive revenue cycle management
provider,” stated Al Nardi, VP Strategic Initiatives. “MTBC is
pleased to offer its IT expertise as the architect of a
newly-created custom solution for The Heights,” continued
Nardi.
MTBC expanded its reach into the hospital space
as part of a key 2018 initiative. In addition to its proprietary IT
offerings and physician RCM, MTBC now provides comprehensive RCM
services to hospitals for both in-patient and outpatient
services.
About MTBCMTBC 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 Global Market under the ticker symbol
"MTBCP."
For additional information, please visit our
website at www.mtbc.com and see The Heights at
www.TheHeightsHospital.com
Follow MTBC
on Twitter, LinkedIn and Facebook.
Forward Looking Statement This
press release contains various forward-looking statements within
the meaning of the federal securities laws. These statements relate
to anticipated future events, future results of operations or
future financial performance. In some cases, you can identify
forward-looking statements by terminology such as "may," "might,"
"will," "should," "intends," "expects," "plans," "goals,"
"projects," "anticipates," "believes," "estimates," "predicts,"
"potential," or "continue" or the negative of these terms or other
comparable terminology.
Our operations involve risks and uncertainties,
many of which are outside our control, and any one of which, or a
combination of which, could materially affect our results of
operations and whether the forward-looking statements ultimately
prove to be correct. Forward-looking statements in this press
release include, without limitation, statements reflecting
management's expectations for future financial performance and
operating expenditures, expected growth, profitability and business
outlook, increased sales and marketing expenses, and the expected
results from the integration of our acquisitions.
These forward-looking statements are only
predictions, are uncertain and involve substantial known and
unknown risks, uncertainties and other factors which may cause our
(or our industry's) actual results, levels of activity or
performance to be materially different from any future results,
levels of activity or performance expressed or implied by these
forward-looking statements. New risks and uncertainties emerge from
time to time, and it is not possible for us to predict all of the
risks and uncertainties that could have an impact on the
forward-looking statements, including without limitation, risks and
uncertainties relating to the Company's ability to manage growth,
migrate newly acquired customers and retain new and existing
customers, maintain cost-effective global operations, increase
operational efficiency and reduce operating costs, predict and
properly adjust to changes in reimbursement and other industry
regulations and trends, retain the services of key personnel, and
other important risks and uncertainties referenced and discussed
under the heading titled "Risk Factors" in the Company's filings
with the Securities and Exchange Commission.
The statements in this press release are made as
of the date of this press release, even if subsequently made
available by the Company on its website or otherwise. The Company
does not assume any obligations to update the forward-looking
statements provided to reflect events that occur or circumstances
that exist after the date on which they were made.
SOURCE MTBC
Company Contact:Bill KornChief
Financial OfficerMedical Transcription Billing,
Corp.bkorn@mtbc.com732-873-5133
Investor Contact:Matt Kreps,
Managing DirectorDarrow Associates Investor Relations(214)
597-8200mkreps@darrowir.com
CareCloud (NASDAQ:MTBC)
Historical Stock Chart
From Mar 2024 to Apr 2024
CareCloud (NASDAQ:MTBC)
Historical Stock Chart
From Apr 2023 to Apr 2024