SOMERSET, N.J., Feb. 11, 2020 (GLOBE NEWSWIRE) — MTBC (NASDAQ: MTBC) (NASDAQ: MTBCP), a leading provider of proprietary, cloud-based healthcare IT and practice management solutions today announced the rollout of its Group Purchasing Organization (“GPO”) and Release of Information (“ROI”) service to the clients of its newly-acquired subsidiary, CareCloud. Additionally, CareCloud’s technology platform will be offered to MTBC’s current GPO member base.
“We are excited for the opportunity to market our GPO services to over 4,500 new physicians,” said Al Nardi, VP Strategic Initiatives, MTBC. He continued, “We believe that the complimentary services available between MTBC and CareCloud will attract more practices to join the GPO and take advantage of the offerings of both companies.”
“We thrilled at the chance deliver even more value to the existing 4,000 GPO members through the offering of combined CareCloud and MTBC services,” said Greg Shorten, Chief Revenue Officer, CareCloud.
This cross-selling opportunity is a complement to MTBC’s suite of GPO supplier incentives that are designed to better equip the mid-size practice with a base of solutions to address the commonalities of challenges they face.
For additional details on MTBC’s GPO, please visit: https://learningcenter.mtbc.com/gpo_info_request
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.
This press release is for information purposes only, and does not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.
Chief Financial Officer
Matt Kreps, Managing Director
Darrow Associates Investor Relations