Major Diagnostic Laboratory Selects MTBC for Integrated Healthcare IT and Revenue Cycle Services
SOMERSET, NJ -- (Marketwired) -- 08/22/17 -- MTBC (NASDAQ: MTBC) (NASDAQ: MTBCP), a leading provider of proprietary, cloud-based healthcare IT solutions and services, announced today that it has been selected by Infinity Diagnostic Labs, a full-service clinical and anatomical pathology laboratory as its healthcare IT and revenue cycle management vendor.
"Infinity Diagnostic Labs sought a technology and revenue cycle partner that could add value and support their continued growth throughout the region," said Karl Johnson, SVP Business Development for MTBC. He continued, "Not only will this relationship generate significant new revenue to MTBC, but it will also provide a strong base from which to expand MTBC's niche laboratory billing services. Specialty diagnostic labs present a significant market opportunity."
MTBC first launched the laboratory division of its larger billing operations in 2014. Infinity Diagnostic Labs will serve as a cornerstone of its strategic laboratory and diagnostic billing expansion plans. MTBC will be creating a sophisticated interface between the lab's management software and MTBC's platform, making available to Infinity MTBC's patient portal, automated payment reminder calls, business intelligence tools and other services.
MTBC is a healthcare information technology company that provides a fully integrated suite of proprietary web-based and mobile health solutions, together with related business services, to healthcare providers throughout the United States. Its integrated SaaS platform helps its 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."
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Released August 22, 2017