Medical Transcription Billing Corp (NASDAQ:MTBC) shared feedback from one of the many new users of its recently launched product, talkEHR™, a next-generation, voice-enabled electronic health records (EHR) solution:
“I have been using talkEHR and absolutely love how user friendly and intuitive it is and how it allows me to spend more time with patients instead of being bogged down by the clicking required by other EHRs,” said Dr. Rama Devineni, a new talkEHR client. Dr. Devineni, who recently transitioned from another EHR, continued, “MTBC’s implementation and support has been tremendous as we’ve worked to seamlessly transition my clinical data.” In discussing talkEHR’s readiness to support new industry requirements and reporting, she added, “I believe it’s also one of the very best EHRs for keeping up with MACRA, MIPS, and CQMs and managing population health.”
In addition to using MTBC’s talkEHR, Dr. Devineni, an Arizona-based primary care provider, recently upgraded to talkEHR’s premium billing solution, which is billed at 2.95% of a practice’s gross collections. She is representative of a larger universe of healthcare providers who are embracing MTBC’s talkEHR and considering MTBC’s premium billing solution.
In reaction, shares of Medical Transcription Billing are up nearly 8% to $2.89 as of 12:08PM EDT. MTBC has a 1-year high of $5.44 and a 1-year low of $0.29. The stock’s 50-day moving average is $1.57 and its 200-day moving average is $1.41.
On Wednesday, MTBC announced that one of the 10 largest insurance carriers in the United States has entered into a contract with MTBC to leverage MTBC’s EnrollmentPlus™ software-as-a-service (SaaS) solution. The parties signed the EnrollmentPlus contract on September 26, 2017.
Medical Transcription Billing is a healthcare information technology company, which provides integrated suite of proprietary web-based solutions, together with related business services, to healthcare providers practicing in ambulatory care settings. Its services include revenue cycle management, electronic health records, practice management solutions and related tools, and mobile health solutions.