MTBC Develops HIE Interfaces Between its Clinical Platforms and Leading Hospitals

Download as PDF

SOMERSET, NJ -- (Marketwired) -- 05/01/17 -- MTBC (NASDAQ: MTBC) (NASDAQ: MTBCP), a leading provider of mHealth and cloud-based clinical and practice management solutions, today announced that it has successfully developed Health Information Exchange (HIE) interfaces for interoperability between its highly ranked clinical platforms and leading hospitals including Torrance Memorial Medical Center and NYU Langone Medical Center.

The recent HIE interfaces expand the reach of MTBC's platform by affording MTBC's clients the flexibility of seamlessly exchanging clinical information between MTBC's clinical platform and popular third-party EHR systems. Furthermore, the interfaces will result in elimination of unnecessary paperwork; increased patient engagement; reduced clinical errors; and effective public health reporting and monitoring. The new HIE interoperability between the systems will provide caregivers with clinical decision support tools for more effective care and treatment, resulting in improved healthcare quality.

Phillip E. Darragh, D.P.M., from the Redondo Beach Podiatry Group, Inc., said, "The technical staff at MTBC have been doing an outstanding job in connecting us to our hospital's new health information exchange." As a result of this connectivity, Dr. Darragh and other providers will have a more comprehensive view of their patients' medical history at the point of care and be able to focus more of their time on caring for patients and less on administrative tasks.

While commenting on the new developments, Adeel Sarwar, MTBC CTO stated, "Our in-house team has the bidirectional and hospital-ambulatory connectivity capabilities to help streamline workflows and communications between different EHRs." He added, "The most recent HIE interfaces will allow us to further expand the reach of MTBC's platforms throughout the U.S. healthcare system."

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 throughout the United States. Our integrated Software-as-a-Service (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.

Follow MTBC on Twitter, LinkedIn and Facebook.

Forward-Looking Statements
This press release contains various forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. 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 "anticipate", "believe", "continue", "could", "estimate", "expect", "goals", "intend", "likely", "may", "plan", "potential", "predict", "project", "will" or the negative of these terms or other similar terms and phrases.

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.

Forward-looking statements are only current predictions and are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from those anticipated by such statements. These factors include, but are not limited to, the company's ability to manage growth; integrate acquisitions; effectively migrate and keep newly acquired customers 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. Although we believe that the expectations reflected in the forward-looking statements contained in this press release are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements.

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 and Investor Contact:
Bill Korn
Chief Financial Officer
Medical Transcription Billing, Corp.
bkorn@mtbc.com
732-873-5133

Source: Medical Transcription Billing, Corp

Released May 1, 2017