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MTBC

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Founded:

1999

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MTBC TOP COMPETITORS OR ALTERNATIVES

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athenahealth is the top competitor of MTBC. athenahealth was founded in 1997, and its headquarters is in Watertown, Massachusetts. athenahealth is in the Health Care Services field. athenahealth has 1,600 more employees than MTBC.

Allscripts is seen as one of MTBC's top competitors. Allscripts was founded in Chicago, Illinois} in 1986. Allscripts operates in the Health Care Technology industry. Compared to MTBC, Allscripts generates $1.3B more revenue.

eClinicalWorks is MTBC's #3 rival. eClinicalWorks's headquarters is in Westborough, Massachusetts, and was founded in 1999. eClinicalWorks is in the Health Care Technology industry. eClinicalWorks generates 570% of MTBC's revenue.

MTBC Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Meridian Billing Management, Co.,

Jun 2020

Source »
undisclosed
Meridian is a provider of outsourced revenue cycle management, electronic health record, and system integration services for the healthcare sector.
CareCloud, Inc.

Jan 2020

Source »
$17M
CareCloud is a Florida-based cloud platform that offers financial, clinical, patient experience and revenue cycle management solutions for high-growth medical groups.
Orion Corporation

May 2018

Source »
undisclosed
-
MediGain, LLC

Oct 2016

Source »
$5M
MediGain is a provider of medical billing, reimbursement and revenue cycle management solutions for physicians.
Renaissance Physician Services

May 2016

Source »
undisclosed
Renaissance Physician Services designs and develops medical billing and revenue cycle management solutions for the healthcare industry.

These are all the companies that MTBC has acquired. MTBC has acquired 9 companies and its latest acquisition was Meridian Billing Management, Co., in Jun 2020. Meridian is a provider of outsourced revenue cycle management, electronic health record, and system integration services for the healthcare sector.

MTBC Funding History

Since MTBC was founded in 1999, it has participated in 7 rounds of funding. In total MTBC has raised $45.6M. MTBC's last funding round was on Oct 2017 for a total of $5.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt
Oct 2017
$5M

Silicon Valley Bank

Equity
May 2017
$2.3M
-
Unattributed
Jul 2016
$500K
-
Private Placement
Jul 2016
$1.6M
-
Private Placement
Nov 2015
$5.8M
-

Since MTBC was founded in 1999, it has participated in 7 rounds of funding. In total MTBC has raised $45.6M. MTBC's last funding round was on Oct 2017 for a total of $5.0M

MTBC Investments

No recent investments found related to MTBC

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MTBC Headquarters

7 Clyde Rd

Somerset, New Jersey08873

732-873-5133

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MTBC Summary

ABOUT

Overview

MTBC is a medical billing company that provides revenue cycle, transcription, practice and data management solutions for the healthcare industry. MTBC was founded in 1999. MTBC's headquarters is located in Somerset, New Jersey, USA 08873. It has raise...

Website

mtbc.com

Frequently Asked Questions about MTBC

  1. When was MTBC founded?

    MTBC was founded in 1999
  2. How much revenue does MTBC generate?

    MTBC generates $105.1M in revenue
  3. How much funding does MTBC have?

    MTBC has historically raised $45.6M in funding
  4. Where is MTBC's headquarters?

    MTBC's headquarters is in Somerset New Jersey, USA
  1. How many employees does MTBC have?

    MTBC has 3,700 employees
  2. What sector does MTBC operate in?

    MTBC is in IT Services
  3. Who are MTBC's competitors?

    MTBC's top competitors are athenahealth, Allscripts , eClinicalWorks