MTBC and Formedic Partnership Offers a Unique Stage 2 Certified EHR that Combines the Best of Paper-based and Electronic Charting


Somerset, NJ, Feb. 12, 2014 (GLOBE NEWSWIRE) -- MTBC, a leading provider of proprietary, cloud-based electronic health record, practice management, and revenue cycle management solutions, and Formedic, a leading provider of paper-based clinical forms, today announced their new partnership.

While EHR utilization rates among US healthcare providers have seen significant growth over the past 4 years, a significant percentage of providers continue to rely on paper-based notes for a portion or all of their clinical charting. Many of these providers continue to leverage Formedic Forms during patient visits and then transfer their notes into an EHR at the end of each day, while others use the paper templates in lieu of an EHR.

Raj Singh, Formedic Vice President and General Manager said, "Our partnership with MTBC will enable us to offer MTBC's Stage 2 certified, web-based EHR - customized to support the Formedic workflow - to the approximate 150,000 providers who leverage our forms. This customized solution will include electronic versions of our specialty-specific templates, together with printable Meaningful Use Stage 2 compliant Formedic Forms that can be completed by hand, scanned at the end of the day and then converted by MTBC overnight into electronic charts."

Stephen Snyder, MTBC President, said, "We are very pleased to partner with Formedic on this truly unique, provider-centric solution. We believe that providers can have the best of both worlds - they can continue to chart on paper to quickly see patients and then rely upon us to convert their paper chart notes overnight into searchable text inserted in the appropriate fields in the EHR. Alternatively, for providers who'd like to chart in our EHR during encounters, we will provide a smooth onramp as they begin to incorporate healthcare information technology in a manner that doesn't disrupt their traditional workflows."

The MTBC-Formedic Solution will include, among other things, the following:

· Web-based, Stage 2 Certified EHR (ONC-ACB 2014 Edition)

· Electronic and printable Formedic Forms

· Auto-indexing of paper Formedic Forms

· Web-based scheduler

· Real-time eligibility verification with deductible details

· On-demand financial reporting and business intelligence module

· Do-it-yourself (D-I-Y) or full service medical billing

· Sponsored adherence and compliance programs

· Smartphone applications for e-prescribing, transcription and patient portal

· 24/7 telephone support

Providers who wish to learn more about the MTBC-Formedic partnership can visit or call 866.266.6822.

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

Source: MTBC