Somerset, NJ, Oct. 20, 2011 (GLOBE NEWSWIRE) -- MTBC today announced it ranked 350th on the Deloitte Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. MTBC grew 232% during this period.
MTBC’s president, Stephen Snyder credits MTBC’s commitment to provide innovative and affordable technology solutions to healthcare providers and practices across the nation with the company’s 232% revenue growth. He said, "We are honored to be listed among the fastest growing technology companies in North America. This distinction speaks to the compelling nature of the software and services we provide, which address the needs of healthcare providers."
MTBC previously ranked 353rd as a Technology Fast 500™ award winner for 2010.
Overall, 2011 Technology Fast 500™ companies achieved revenue growth ranging from 134% to 70,211% from 2006 to 2010, with an average growth of 1,736%.
About Deloitte’s 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies - both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD.
Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About MTBC
Founded in 1999 and based in Somerset, New Jersey, MTBC performs practice management and provides EHR software for physician offices and hospitals. Its integrated premium plan, MTBC PracticePro™, billed at only 5% of collections, presents a service suite unmatched in the industry for its scope and value. Features include an ONC-ATCB certified EHR provided and supported at no charge, a practice website with patient scheduling, automated appointment reminders, e-prescribing, lab connectivity, and real-time insurance eligibility verification. MTBC was recently recognized by Deloitte LLP as one of the fastest growing companies in North America. To learn more about MTBC, please visit www.mtbc.com