Somerset, NJ, Aug. 2, 2012 (GLOBE NEWSWIRE) -- (Somerset, NJ) - MTBC, a leading healthcare IT (HIT) company serving providers throughout the country, announced today that it acquired HealthCare Solutions, Inc., a Maine-based revenue cycle management company, on July 31, 2012. This represents MTBC's fourth acquisition during 2012.
Stephen Bragg, President of HealthCare Solutions, Inc., said, "I'm excited to be joining MTBC's team and to now be in a position to offer MTBC's leading edge technology platform and enhanced services to my clients." As he further explained, "I believe that now is a great time for companies like HealthCare Solutions, Inc. to join MTBC because MTBC can supply them with the robust technology platform and experienced personnel they need to effectively service their clients' needs and expand their local portfolio of client relationships."
"Providers throughout New England have relied upon HealthCare Solutions, Inc. for almost two decades," said David Rosenblum, Vice Chairman of MTBC's Board of Directors. He further explained, "We are pleased to provide HealthCare Solutions, Inc. with additional resources, expertise and technology solutions to assist them in accomplishing their mission of providing excellent support to healthcare providers."
"We look forward to working with HealthCare Solutions, Inc. on executing a 'good to great' service conversion," said Stephen Snyder, MTBC's President. "By integrating the unique components of HealthCare Solution, Inc.'s local service with our experienced team and proprietary, ONC-ATCB certified EHR, and practice management, business intelligence and revenue cycle management tools, we will help New England healthcare providers increase revenues and reduce administrative expenses, while enhancing workflows and patient care."
"The healthcare IT industry is rapidly changing and this acquisition is part of the larger trend of industry-wide consolidation," said Brendan Harney, MTBC's Vice President of Mergers and Acquisitions. "Various factors are driving this trend including generous governmental incentives for providers who use a certified EHR, a growing recognition among providers regarding the importance of using fully integrated practice and revenue cycle management platforms and the increasing complexity of insurance reimbursement rules and privacy requirements," explained Mr. Harney.
HealthCare Solutions, Inc. was founded in 1996. While it has traditionally limited its offering to revenue cycle management services, its clients will now be able to leverage the full spectrum of MTBC's proprietary, HIT tools and enhanced revenue cycle management services at no additional cost.
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