MTBC - MTBC STOCK NEWS

MTBC, a healthcare IT provider, announces a new partnership with Cohort Intelligence to enhance its Group Purchasing Organization (GPO) offerings. This collaboration aims to improve chronic care management (CCM) and patient outcomes, especially amid the ongoing COVID-19 pandemic. Nearly 4,000 healthcare providers can access Cohort's services for a more efficient virtual care model. Key services include clinical AI technology, personalized care teams, and quality assurance measures that promise sustainable revenue streams without extra hiring costs.

MTBC (Nasdaq: MTBC, MTBCP) has announced its participation in the MGMA Medical Practice Excellence Conference from October 19-21, 2020. The company will showcase its contactless patient intake and telehealth solutions to enhance healthcare practices amid the challenging COVID-19 landscape. With monthly revenues doubling compared to 2019, MTBC's CareCloud division aims to improve revenue, modernize patient experiences, and reduce operational costs. The conference will feature various learning formats, aiming for practice excellence during rapid industry changes.

SOMERSET, N.J., Sept. 4, 2020 -- MTBC (Nasdaq: MTBC, MTBCP) announced CFO Bill Korn will present at two upcoming investor conferences in September. The first event is the Colliers Institutional Investor Conference on September 10, featuring one-on-one and group meetings. The second is the HC Wainwright & Co. 22nd Annual Global Investment Conference with individual meetings on September 14 and a group presentation on September 16 at 10:00 AM ET. Interested investors can contact their representatives or reach out to MTBC's Matt Kreps for more information.

MTBC, a cloud-based healthcare IT solutions provider, has introduced Health Records on iPhone through its talkEHR platform. This feature enables patients to view their medical data from various healthcare providers in one place. With the help of Apple's Health app, patients can access their allergies, medications, lab results, and more securely. MTBC's President, Hadi Chaudhry, emphasized the importance of interoperability in healthcare data sharing. This innovation aims to improve patient experiences and streamline healthcare access, fostering better connections between patients and providers.

MTBC will present at the LD 500 investor conference on September 1, 2020, at 1:40 PM Eastern Time. CFO Bill Korn will address a live virtual audience and hold virtual meetings throughout the day. Investors can register at ld500.ldmicro.com. MTBC provides cloud-based healthcare IT solutions, enhancing financial and operational performance for healthcare providers and hospitals in the U.S. The company's stock trades on Nasdaq under the symbols MTBC and MTBCP.

MTBC announced the launch of its next-generation PrecisionBI healthcare analytics platform, aimed at enhancing user experience for large medical groups and health systems. The upgraded interface includes features for customized dashboards, powerful reporting capabilities, and multi-browser/mobile support. This release follows MTBC's acquisition of PrecisionBI through Meridian Medical Management. The new platform aims to help healthcare organizations optimize revenue and improve patient care.

MTBC, a provider of cloud-based healthcare IT solutions, reaffirmed its 2020 guidance, projecting a revenue increase of 63% to 66%, targeting $105-$107 million. Adjusted EBITDA is expected to rise 48%-60% to $12-$13 million. Q2 2020 revenue reached $19.6 million, up 17% year-over-year, although the company reported a GAAP net loss of $4.8 million. Significant acquisitions were made, driving organic growth. Cash as of June 30, 2020, was approximately $12.5 million. The company is optimistic about revenue growth in the second half, projecting over $130 million annually and a nearly 20% EBITDA margin.

MTBC, a provider of cloud-based healthcare IT solutions, has established a new reseller relationship with Lake Health Alliance. This partnership aims to expand the reach of MTBC's revenue cycle management services and software platforms. Both companies emphasize enhanced client support and sophisticated software solutions tailored for healthcare organizations. The agreement is expected to help Lake Health Alliance deliver more efficient and profitable services while leveraging MTBC’s comprehensive software and competitive pricing.

MTBC will report its Q2 2020 financial results on August 13, 2020, before markets open. Following the results, a conference call for investors is scheduled for 8:30 a.m. Eastern Time. The live webcast and related presentation slides can be accessed through the company's investor relations website. A replay will be available shortly after the call. MTBC provides cloud-based healthcare IT solutions, including revenue cycle management and telehealth services to healthcare providers across the U.S.