Medical Transcription Billing Corp. MTBC Archives

FridayNov 18, 2016 12:02 pm

Medical Transcription Billing, Corp. (MTBC) Announces Monthly Dividend on Series A Preferred Stock

Before the opening bell, Medical Transcription Billing, Corp. (NASDAQ: MTBC) (NASDAQ: MTBCP) announced that its board of directors has declared monthly cash dividends for its 11% Series A Cumulative Redeemable Perpetual Preferred Stock for December, January and February. These monthly dividends will be valued at roughly $0.23 per share, or 11% of the $25 per share liquidation preference, and will be made payable on the 15th day of the following month. The applicable record date for the newly-announced dividends will be the last day of the relevant calendar month. News of the dividends comes just over a week after MTBC…

ThursdayNov 17, 2016 10:13 am

Medical Transcription Billing, Corp. (MTBC) mHealth Keeping Patients and Practices Constantly Connected

As part of its constant efforts to offer one of the most comprehensive suites of electronic health records, practice management and revenue cycle solutions on the market, Medical Transcription Billing, Corp. (NASDAQ: MTBC; MTBCP) provides its customers with a comprehensive suite of mobile health applications designed to significantly improve patient engagement and give practices secure and consistent access to real-time information. The native mobile applications offered under the mHealth umbrella are designed for a wide variety of tablet devices and smartphones and are fully integrated with the company’s core suite of services and products. One of the most inclusive apps…

WednesdayNov 16, 2016 11:17 am

Medical Transcription Billing, Corp. (MTBC) Recognized Among Deloitte’s Technology Fast 500™ for Sustained Revenue Growth

Before the opening bell, Medical Transcription Billing, Corp. (NASDAQ: MTBC) (NASDAQ: MTBCP) announced that it has been named among Deloitte’s Technology Fast 500™ based on its 130 percent revenue growth from 2012 to 2015. The Deloitte rankings list the fastest growing technology, media, telecommunications, life sciences and energy technology companies in North America across both the public and private sectors. Eligibility requirements for inclusion on the list include an operating history of at least four years, current-year operating revenues of at least $5 million and ownership of proprietary intellectual property or technology that’s sale or licensing accounts for a majority…

ThursdayNov 10, 2016 11:40 am

Medical Transcription Billing, Corp. (MTBC) Announces Third Quarter Results

Before the opening bell, Medical Transcription Billing, Corp. (NASDAQ: MTBC; MTBCP) announced its financial and operational results for the third quarter of 2016, including a review of the October acquisition of MediGain, LLC and subsidiary Millennium Practice Management, LLC, which was the company’s largest acquisition to date. Notably, MTBC’s revenues for the three-month period were $5.3 million, up from $5.2 million in the previous quarter. The company also achieved its fourth consecutive quarter of positive adjusted EBITDA, reporting $130,000 for the third quarter and $209,000 year-to-date. “We are pleased to announce another quarter of quarter-over-quarter revenue growth,” Mahmud Haq, chairman…

TuesdayNov 08, 2016 4:21 pm

Medical Transcription Billing, Corp. (MTBC) Goes HITECH with ChartScribe

Snuggled away under Title IV of the American Recovery and Reinvestment Act of 2009, Congress’ response to the Great Recession was the Health Information Technology for Economic and Clinical Health (HITECH) Act. Among other things, the HITECH Act provided incentives for providers of medical services to adopt electronic health records (EHR) through ‘Meaningful Use’ (MU). Although primarily aimed at stimulating economic activity and creating jobs, the framers of the law hoped that the application of information technology to the provision of medical services would improve healthcare. Medical Transcription Billing, Corp. (NASDAQ: MTBC) (NASDAQ: MTBCP), through its integrated digital transcription and…

TuesdayNov 01, 2016 12:08 pm

Medical Transcription Billing, Corp. (MTBC) to Release Third Quarter Results Late Next Week

Before the opening bell, Medical Transcription Billing, Corp. (NASDAQ: MTBC; MTBCP) announced plans to release its third quarter financial results for the three-month period ended September 30, 2016, before the market opens on Thursday, November 10. Following the release, MTBC plans to host a conference call for investors in order to review highlights from its quarterly results, including the recent acquisition of MediGain, LLC and its affiliate, Millennium Practice Management, LLC. The conference call will take place on November 10 at 8:30 am EDT. To access the call, investors should dial 844-802-2438, or 412-317-5131 for international callers, and reference “MTBC…

MondayOct 31, 2016 2:02 pm

Medical Transcription Billing, Corp. (MTBC) Helps Improve Health System Quality & Safety with Advanced EHR Software

A few years ago, most doctors were still updating their patient files manually and kept hard copies in their offices to refer to whenever necessary. More often than not, this antiquated system proved cumbersome and inefficient, especially in an emergency situation where a doctor needed to access his or her patient’s medical history quickly and the file went missing or was accidentally misplaced. Potentially leading to a delay in proper care, this medical patient filing system became increasingly obsolete, and a growing number of health care professionals started turning toward electronic health record (EHR) keeping. Also known as electronic medical…

TuesdayOct 25, 2016 2:27 pm

Medical Transcription Billing, Corp. (MTBC) (MTBCP) is Proving to be a HIT in Healthcare Information Technology

Medical practice has come a long way since the time when barber surgeons doctored to the masses. Physicians, in those early times, mostly attended to the wealthy. The ordinary man would have his blood let by the same tradesman who cut his hair. And although they had to earn a daily bread, no physician, presumably, took up the vocation because he considered it a business. Business enterprise was deemed vulgar and beneath one who took the Hippocratic Oath. Today that stigma no longer stains commercial endeavor. The good medical practitioner can be a good businessperson as well. In fact, the…

MondayOct 24, 2016 9:06 am

Medical Transcription Billing (MTBC) Expects Significant Revenue Growth after MediGain Acquisition, Expands Team

Leading healthcare information technology provider Medical Transcription Billing, Corp. (NASDAQ: MTBC; MTBCP) this month completed its acquisition of medical billing company MediGain in a move widely expected to significantly boost its overall revenue in 2017 and offer improved services to its now enhanced customer base. According to Medical Transcription Billing Chief Financial Officer Bill Korn, the $7 million acquisition of Texas-based MediGain, LLC and its New Jersey subsidiary Millennium Practice Management, LLC, is the largest acquisition in the history of his company. Medical Transcription Billing has made an initial payment of $2 million for the MediGain assets and will pay…

ThursdayOct 20, 2016 9:57 am

Medical Transcription Billing, Corp. (MTBC) CFO Featured in Exclusive NetworkNewsWire Interview

Before the opening bell, NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company that delivers a new generation of communication solutions for business, announced the online availability of an interview with Bill Korn, chief financial officer of Medical Transcription Billing, Corp. (NASDAQ: MTBC; MTBCP). During the interview, Korn joined NNW’s Stuart Smith to discuss MTBC’s operations, recent achievements and the company’s ongoing execution of an acquisition-based growth strategy in order to maintain a competitive edge in the sizable healthcare IT market. “MTBC has two cores strengths that distinguish us from most of the 1,500 other healthcare IT companies,” Korn explained…

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