SeeThruEquity this week issued an update on Medical Transcription Billing, Corp. (NASDAQ: MTBC). The company recently pre-announced first quarter 2017 results with revenues of $8.2 million, a 60% increase over the same period in 2016. The growth has been primarily attributed to the recent acquisition of MediGain LLC, a Texas-based medical billing specialist, and its subsidiary, Millennium Practice Management Associates, LLC. The analyst noted that Aegis will update coverage following MTBC’s plans for an upcoming reverse stock split.
For more information, visit www.mtbc.com
MTBC is a healthcare information technology company that provides a fully integrated suite of proprietary web-based solutions, together with related business services, to healthcare providers throughout the United States. The company’s integrated Software-as-a-Service (SaaS) platform helps customers increase revenues, streamline workflows and make better business and clinical decisions, while reducing administrative burdens and operating costs.
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