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MTBC's CareCloud Announces Growth-Focused Partnership with MDS Medical
[November 12, 2020]

MTBC's CareCloud Announces Growth-Focused Partnership with MDS Medical


SOMERSET, N.J, Nov. 12, 2020 (GLOBE NEWSWIRE) -- MTBC, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of cloud-based healthcare IT solutions and services, including telehealth, today announced that its MSO (management services organization) relationship between its CareCloud operating division and MDS Medical is helping accelerate market growth of CareCloud’s comprehensive electronic health records (EHR) solution and practice management (PM) software. MDS Medical is positioning CareCloud’s solutions in front of ambulatory physician groups and providing comprehensive technology, training, support, and revenue cycle management services for the CareCloud platform.

"MDS Medical only partners with the best EHR software vendors on the market and we are honored to be one of their preferred partners,” said Wes Stolp, Executive Vice President of Sales, MTBC. "Through MDS Medical’s campaign efforts, we have the opportunity to provide comprehensive EHR software to thousands of healthcare providers. We are excited to help even more practices successfully compete in today’s highly competitive landscape."

As a CareCloud MSO, MDS Medical is positioning CareCloud's robust EHR platform in front of small practices and large multi-specialty group physicians. This initiative will align CareCloud’s platform as an all-in-one solution for physician practices seeking to expedite encounters, drive profits, and improve clinical outcomes.

"Our partnership with CareCloud enables MDS clients to leverage the power of a modern and completely cloud-based EHR, while also retaining complete control and flexibility over revenue cycle management operations and staffing," said Bill Schroeder, Chief Executive Officer, MDS Medical. "The CareCloud platform provides a powerful arsenal of enterprise-level tools that enable our medical practice clients to deliver an extraordinary patient experience while remaining independent and profitable in a value-based care environment."

MDS Medical is actively marketing and campaigning CareCloud’s comprehensive platform to hundreds of MDS Medical clients and already successfully supporting 16 physician groups on the CareCloud platform. Additionally, MDS Medical is leveraging MTBC’s dedicated, on-demand workforce through MTBC Force.

Click here to learn more about CareCloud’s cloud-based EHR software as part of MDS Medical’s managed services.

About MDS Medical

MDS Medical is a leading provider of healthcare technology and reenue cycle management solutions for physician practices and enterprise health systems across the United States. As a managed service organization (MSO) partner for the award-winning CareCloud and athenahealth, Inc. EHR platforms, MDS combines best-of-breed healthcare technology with a consultative service model that facilitates improved workflow efficiencies, enhanced patient safety and satisfaction, and stronger practice financial performance. MDS Medical’s expert team of EHR, revenue cycle management, and IT consultants work closely with our customers to build organizations that thrive in a value-based care environment.



Learn more by visiting www.mdsmed.com.

About MTBC


MTBC is a healthcare information technology company that provides a full suite of proprietary cloud-based solutions, together with related business services, to healthcare providers and hospitals throughout the United States. Our Software-as-a-Service (or SaaS) platform includes revenue cycle management (RCM), practice management (PM), electronic health record (EHR), business intelligence, telehealth and patient experience management (PXM) solutions for high-performance medical groups. MTBC helps clients increase financial and operational performance, streamline clinical workflows and make better business and clinical decisions, allowing them to improve patient care while reducing administrative burdens and operating costs. MTBC’s common stock trades on the Nasdaq Global Market under the ticker symbol “MTBC,” and its Series A Preferred Stock trades on the Nasdaq Global Market under the ticker symbol “MTBCP.”

For additional information, please visit our website at www.mtbc.com. To view MTBC's latest investor presentation, read press releases, and listen to interviews with management, please visit ir.mtbc.com.

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Forward Looking Statements

This press release contains various forward-looking statements within the meaning of the federal securities laws. 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 “may,” “might,” “will,” “should,” “intends,” “expects,” “plans,” “goals,” “projects,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” or “continue” or the negative of these terms or other comparable terminology.

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, the impact of the Covid-19 pandemic on our financial performance and business activities, and the expected results from the integration of our acquisitions.

These forward-looking statements are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company’s ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, 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. In addition, there is uncertainty about the spread of the Covid-19 virus and the impact it may have on the Company’s operations, the demand for the Company’s services, and economic activity in general.

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 Contact:
Bill Korn
Chief Financial Officer
MTBC, Inc.
bkorn@mtbc.com

Investor Contact:
Matt Kreps
Managing Director
Darrow Associates Investor Relations
mkreps@darrowir.com

Media Inquiries:
Mike Cuesta
Chief Marketing Officer
MTBC, Inc.
mcuesta@mtbc.com

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