Somerset, NJ, Aug. 24, 2012 (GLOBE NEWSWIRE) -- MTBC, a leading healthcare IT company serving providers throughout the country, today announced that it has been honored by Inc. magazine with a place on this year's Inc. 500|5000 list. This is the third consecutive year that MTBC has been included in this exclusive ranking of America's fastest-growing and most innovative private companies.
The list represents the most comprehensive look at the most important segment of the economy--America's independent entrepreneurs. MTBC joins Yelp, yogurt maker Chobani, Giftcards.com, KIND and famed hatmaker Tilly's, among other prominent brands featured on this year's list.
David Rosenblum, MTBC Vice Chairman of the Board of Directors, credits MTBC's commitment to customer service and its dedication to providing innovative and affordable technology solutions to healthcare providers, with the company's exceptional revenue growth. Likewise, Stephen Snyder, MTBC President, echoed these sentiments and said, "We are truly honored to again be listed among the fastest growing private companies in North America and we thank our clients for helping us achieve this milestone."
In a stagnant economic environment, the median growth rate of 2012 Inc. 500|5000 companies remains an impressive 97 percent. The companies on this year's list report having created over 400,000 jobs in the past three years, and aggregate revenue among the honorees reached $299 billion.
"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is," says Inc. Editor Eric Schurenberg.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.
About MTBC
Founded in 1999 and based in Somerset, New Jersey, MTBC provides practice and revenue cycle management services and proprietary software solutions to private physician offices and hospital-employed provider groups throughout the United States. It's integrated and competitively priced premium products, PracticePro™ and ChartsPro™, present a service suite unmatched in the industry for their scope and value. MTBC has been consistently recognized by Deloitte LLP - 2009, 2010, 2011 - as one of the fastest growing companies in North America and has also been recognized in each of the last three years as an Inc. 500│5000 company.
To learn more about MTBC, please visit www.mtbc.com
About Inc.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.
Methodology
The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2011. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2008 is $100,000; the minimum for 2011 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.