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MTBC Appoints Bill Korn as its New Chief Financial Officer

SOMERSET, NJ, July 9, 2013 (GLOBE NEWSWIRE) -- MTBC, a leading provider of electronic health record software, practice management, revenue cycle management and patient engagement solutions, today announced that Bill Korn has joined its executive team as chief financial officer.

Bill Korn is a veteran technology executive with more than 30 years of corporate financial experience, managing growing businesses and completing strategic financial transactions. Mr. Korn earned his A.B. in Economics magna cum laude from Harvard College and an MBA from Harvard Business School.

Bill said, "I'm very excited to step into this role and am looking forward to joining this talented team, which has positioned MTBC for significant growth and profitability. MTBC is a fast-growing global business in the exciting healthcare IT field, and has proven the ability to grow organically as well as by acquisition." He further added, "MTBC has a comprehensive product suite and a compelling business model, operating in a rapidly transforming industry, and I am very optimistic about its future strategic outlook and growth prospects."

Earlier in his career, Bill spent ten years with IBM, where he served on the senior management team that created IBM's highly successful services strategy in the 1990's. He served as CFO and COO of INFONXX, an Inc. 500 company, and spent ten years as CFO of Antenna Software, a leader in enterprise mobility, which was ranked as the fastest growing business in New Jersey in 2006. He was also the President of Telelogue − a speech recognition startup − and currently serves on SnapOne's Advisory Board. As a CFO for seven companies, Bill has raised over $250 million of capital; including debt and equity financing, and also completed seven successful acquisitions.

President of MTBC, Stephen Snyder said, "Bill's wide-ranging operating experience along with his track record of successful mergers and acquisitions and his experience with capital markets uniquely position him to provide sound financial leadership as MTBC accelerates its growth strategy. We welcome Bill to our team and look forward to working with him."

Bill has also served on the New Jersey Economic Growth Council to promote statewide economic growth and job creation. He was inducted into the New Jersey Technology Council Hall of Fame in 2009.

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. It's 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.

To learn more about MTBC, please visit www.mtbc.com.

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

Source: MTBC