MTBC Secures a Spot on Deloitte's 2012 Technology Fast 500 List
Somerset, NJ, Nov. 15, 2012 (GLOBE NEWSWIRE) -- MTBC, a leading provider of proprietary electronic health record (EHR) software , practice management (PM) and revenue cycle management (RCM) solutions, announced today that it has been named a Deloitte Technology Fast 500 company. This award was announced at a ceremony on November 14, 2012 at Andaz 5th Avenue in New York and is based upon Deloitte's recognition that MTBC is one of the fastest growing technology companies in the US.
The Deloitte Technology Fast 500™ program ranks the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Inclusion in the Technology Fast 500 ranking requires robust growth and cutting edge product innovation. This is the fourth consecutive year that MTBC has been honored with this prestigious award.
David Rosenblum, MTBC Vice Chairman of the Board of Directors, attributed the company's growth to its innovative and affordable technology solutions. He said, "We are indeed honored to be ranked among the fastest growing companies in the country for the fourth year in a row. This undoubtedly demonstrates the value that our software and services add to healthcare practices throughout the US."
Stephen Snyder, MTBC's President, explained, "Traditional reimbursement models and practice and clinical workflows are undergoing rapid and fundamental changes. We believe that these changes will help us further accelerate our growth, since our solutions are specifically designed to support these emerging models and paradigms."
MTBC's strong revenue growth has been fueled by numerous acquisitions, together with organic growth.
Overall, Deloitte's 2012 Technology Fast 500™ companies achieved revenue growth ranging from 128 percent to 279,684 percent from 2007 to 2011, with an average growth of 2,774 percent.
Founded in 1999 and based in Somerset, New Jersey, MTBC provides fully-integrated practice management (PM), revenue cycle management (RCM) and proprietary Electronic Health Record (EHR) software solutions to private physician offices and hospital-employed provider groups throughout the United States. Its competitively priced premium products, PracticePro™ (EMR, PM, and RCM) and ChartsPro™ (standalone Electronic Medical Record - EMR software), present a service suite unmatched in the industry for their scope and value. MTBC has been consistently recognized as a Deloitte Technology Fast 500 company - 2009, 2010, 2011 - and has also been recognized during each of the last three years as an Inc. 500│5000 company.