MTBC Announces Acquisition of Renaissance Physician Services
May 05 2016 - 8:54AM
MTBC (Nasdaq:MTBC), a leading provider of proprietary, web-based
electronic health records, practice management and mHealth
solutions, today announced the acquisition of Renaissance Physician
Services, a revenue cycle management company based in Chattanooga,
Tennessee.
“We are very pleased to announce our new
relationship,” said Durie Andrews, President of Renaissance
Physician Services (“Renaissance”). He continued, “We’re
excited to now be able to provide our clients with MTBC’s top-rated
technology platform and other important value-adds, at no
additional cost.” Mr. Andrews, who now serves as a director
of business development for MTBC, further added, “I look forward to
further expanding MTBC’s client base throughout Tennessee and
nearby states by leveraging our industry relationships, combined
resources and expertise.”
“We are privileged to be able to partner with
the healthcare providers who have trusted Renaissance for more than
a decade and to welcome Durie to our business development
leadership team,” said Stephen Snyder, MTBC President. He
continued, “We look forward to leveraging our proprietary
technology and combined team of experts to help the clients of
Renaissance further increase revenues, reduce operating costs, and
enhance workflows.”
Renaissance Medical Billing, LLC, d/b/a
Renaissance Physician Services, was founded in 2001. As it
grew, it expanded its reach beyond Tennessee to Georgia, Alabama,
and Florida. Its client base is comprised of primary care
providers, together with cardiologists, hospitalists,
neonatologists, orthopedists and other specialists.
As part of the transaction, which closed
effective May 1, 2016, MTBC acquired substantially all of the
assets of Renaissance, including customer contracts.
For more information on MTBC,
visit www.mtbc.com.
About Medical Transcription Billing, Corp.
Medical Transcription Billing, Corp. 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 practicing in
ambulatory care settings. Our integrated Software-as-a-Service (or
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.
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Press Contact:
Amritpal Deol,
Vice President and General Counsel
MTBC
adeol@mtbc.com
(732) 873-5133 x 141
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