Medical Transcription Billing Corp (NASDAQ:MTBC) has today announced its initial unveiling of the MTBC WebSoft™, which happens to be the most recent addition to its top end cloud-based healthcare IT platform .Sources indicate that it will further support scalability, margin expansion and acquisition integration.
The Vice President of Global Operations, Hadi Chaudhry, was lately engaged by a number of top journalists and in making his statement he said, “MTBC WebSoft leverages state of the art technology — ASP.NET MVC framework and AngularJS 2.0 — to optimize performance, empower us to scale with increasing efficiency, and enable us to further streamline the integration of newly acquired customer bases. As a top consolidator in our space that has grown year-over-year revenues by more than 60% during the most recent two quarters, this is precisely the type of tool we need to ensure that we remain ahead of the industry for many years to come as we continue our expansion into new markets.”
According to Yahoo.com, the healthcare revenue cycle management market is fragmented. The MTBC’s estimates indicate that there are about 1,500 revenue cycle management companies and it raises a number of questions witnessing that a large number of them lack a proprietary healthcare IT platform or scalable infrastructure.
Five years back, MTBC has made tremendous steps forward and among them has been the acquisition of customer bases of more than a dozen competing revenue cycle management companies. Most of them did not showcase the kind of proprietary platform, scale or the expertise that was required to support the needs of their existing and prospective customers.
Along with its numerous acquisitions, MTBC has over time leveraged its proprietary technology platform as well as its team which comprises of more than 1,800 persons. The number included about 250 IT professionals who were expected to help add value to the newly acquired customer relationships. Asides from that, they were to also help expand in the local market.
MTBC WebSoft, according to some top sources has been in development for a year and a half and some analysts have asserted that it might ultimately serve as the perfect replacement for MTBC’s legacy management information system.
