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Envision Pain Management Selects MTBC’s CareCloud to Support Operational Growth

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MTBC, Inc. (Nasdaq: MTBC) announced a partnership with Envision Pain Management to enhance revenue cycle management (RCM) and patient experience. CareCloud, MTBC's subsidiary, will support Envision as it opens four new clinics in rural North Carolina and Wisconsin, aiming to improve provider efficiency and reduce patient wait times. Envision's focus on underserved areas drives this collaboration, with CareCloud providing comprehensive RCM services. The partnership is expected to boost patient access and clinical outcomes, aligning with Envision's mission to deliver superior pain management care.

Positive
  • Partnership with Envision Pain Management enhances revenue cycle management and patient experience.
  • CareCloud's support will help Envision open four new clinics, increasing patient access.
  • Focus on underserved areas aligns with MTBC's commitment to improving healthcare.
Negative
  • None.

SOMERSET, N.J., June 19, 2020 (GLOBE NEWSWIRE) -- MTBC, Inc. (Nasdaq: MTBC) (Nasdaq: MTBCP), a leading provider of cloud-based healthcare IT solutions and services, today announced that CareCloud, its wholly-owned subsidiary, has been selected by Envision Pain Management to provide comprehensive revenue cycle management (RCM) support and contactless patient experience. This partnership will help Envision Pain Management, as they proceed to open four new clinic locations, cut costly and timely documentation time, improve provider productivity, and, most importantly, improve patient satisfaction through reduced wait times.

“Envision Pain Management specializes in serving primarily rural and underserved areas and is actively working on expanding patient access by opening four new clinic locations. As their growth partner, CareCloud will provide complete, end-to-end, comprehensive RCM services that will streamline operations and allow for greater focus on patient care,” said Wes Stolp, Executive Vice President of Sales, MTBC. “We are excited to improve Envision Pain Management’s efficiency - both clinically and operationally - as well as implement paperless patient intake so they can spend more time caring for patients and less time processing paperwork.”

Envision Pain Management is located in Clyde, North Carolina, and is preparing to open additional locations in western North Carolina and Wisconsin. They expect to add three more clinics to the practice in the near future. The dedication to reach more patients in rural, underserved areas, fueled Envision Pain Management’s motivation to find a practice management partner that could take on the operational heavy-lifting for multiple offices.

“Our decision to partner with CareCloud came with much deliberation. We were originally vetting multiple EMR systems but quickly realized the superiority of CareCloud’s software and user experience. CareCloud exceeded our expectations across a variety of metrics – user-friendly, quick data capture, and it checked off all of our requirement boxes,” said Travis Hecker, MD at Envision Pain Management. “They also helped educate us on the importance of having the right operational support. Now that we better understand the complexities of a seamless RCM process, we could not be more excited to have them as part of our extended care team. We are confident that CareCloud will help us succeed in our clinical expansion, increase patient access, and improve clinical outcomes. We believe CareCloud directly aligns with and supports our organization’s mission statement to improve patient care.”

“Envision Pain Management is the type of practice we're focused on partnering with,” said Mike Cuesta, Chief Marketing Officer, MTBC. “They have a strong plan to scale, and a commitment to expand their reach of quality care. The only thing that was missing from this plan was a dedicated partner to help them get there. Together, we’re helping their practice move forward.”

About Envision Pain Management

Envision Pain Management is a single-specialty pain management practice. Envision Pain Management is a leader in advancing quality joint, muscle, nerve, and spine pain care, and technology while providing superior access, service and care to patients and their families. Envision Pain Management’s board-certified physicians provide leading-edge minimally invasive operative, procedural, and non-operative pain care with the most current FDA approved therapies. Our vision is to bring the most current pain management therapies and interventions to patients in rural and underserved areas. We have been able to partner with patient-centered, quality-focused health systems, and organizations to expand pain care.

For additional information, please visit our website at www.envisionpainmanagement.com, contact us at www.envisionpainmanagement.com/contact/ or call (828) 237-8001.

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), 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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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


FAQ

What is the recent partnership announced by MTBC?

MTBC announced a partnership with Envision Pain Management to provide revenue cycle management support and improve patient experience.

How many clinics will Envision Pain Management open with MTBC's support?

Envision Pain Management plans to open four new clinics in North Carolina and Wisconsin.

What services will CareCloud provide to Envision Pain Management?

CareCloud will offer comprehensive revenue cycle management services to streamline operations and enhance patient care.

How does this partnership benefit MTBC shareholders?

The partnership expands MTBC's reach in the healthcare market and aligns with their mission to improve patient care, potentially boosting investor confidence.

What is the focus of Envision Pain Management?

Envision Pain Management specializes in pain management services primarily for rural and underserved areas.

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