MTBC Appoints Howard L. Clark, Jr. to its Board of Directors


SOMERSET, NJ, Oct. 17, 2013 (GLOBE NEWSWIRE) -- MTBC, a leading provider of electronic health record software, practice management, revenue cycle management and patient engagement solutions, today announced the appointment of Howard L. Clark, Jr., former CFO of American Express, to its board of directors and as Chairman of its audit committee.

Mr. Clark worked for Paine Webber from 1968 through 1981, at which time he joined American Express, eventually being appointed CFO in 1985. From 1990 through 1993, he served as Chairman and CEO of Shearson Lehman Brothers, Inc. He later served as Vice Chairman of Lehman Brothers from 1993 through 2008, and then as Vice Chairman of Barclays Capital from 2008 through 2011. He is currently on the board of directors for several public companies.

"We are excited to welcome Mr. Clark to MTBC's board of directors," remarked Mahmud Haq, Chairman of the Board. "Mr. Clark's guidance will be indispensable as MTBC pursues its Initial Public Offering."

MTBC filed a draft registration statement with the SEC on September 9, 2013.

Howard Clark graduated from Boston University in 1967. He received his MBA degree from Columbia Business School.

About MTBC

Founded in 1999 and based in Somerset, New Jersey, MTBC provides practice and revenue cycle management services and proprietary software solutions to private physician offices and hospital-employed provider groups throughout the United States. Its integrated and competitively priced premium products, PracticePro™ and ChartsPro™, present a service suite unmatched in the industry in scope and value. MTBC has been consistently recognized as a Deloitte Technology Fast 500 company - 2009, 2010, 2011 and 2012 - and has also been recognized during each of the last three years as an Inc. 500│5000 company.

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CONTACT: Stephen Snyder, President Medical Transcription Billing, Corp. Telephone: (732) 873-5133 x113 Fax: (732) 873-3378

Source: MTBC