Medical Transcription Billing, Corp. Re-Affirms Earnings Guidance for the Fourth Quarter and Full Year of Fiscal 2015 and Provides Earnings Guidance for the Full Year of Fiscal 2016
January 22, 2016 at 07:49 pm
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Medical Transcription Billing, Corp. re-affirmed earnings guidance for the fourth quarter and full year of fiscal 2015 and provided earnings guidance for the full year of fiscal 2016. The company reaffirmed its guidance for 2015 revenue of approximately $23 million, and reaffirmed its guidance for 2015 adjusted LBITDA between $750,000 and $1 million.
The company announced that it anticipates 2016 full-year revenue of $27 million to $30 million, and it expects 2016 full-year adjusted EBITDA of $1.5 million to $2.0 million.
The company also announced that preliminary fourth quarter 2015 adjusted EBITDA will be positive.
CareCloud, Inc. is a healthcare information technology company. The Company provides a suite of cloud-based solutions and related business services, to healthcare providers, from small practices to enterprise medical groups, hospitals, and health systems throughout the United States. Its segments include Healthcare IT and Medical Practice Management. Healthcare IT segment includes technology-assisted revenue cycle management, software-as-a-service (SaaS) solutions and other services. Medical Practice Management segment includes the management of three medical practices. Its technology-enabled business solutions include revenue cycle management; Cloud-based software; Digital health; and Healthcare IT professional services & staffing. Its SaaS platforms include practice management (PM), electronic health record (EHR), patient experience management (PXM), and others. Its Revenue Cycle Management services including end-to-end medical billing, eligibility, analytics, and related services.
Medical Transcription Billing, Corp. Re-Affirms Earnings Guidance for the Fourth Quarter and Full Year of Fiscal 2015 and Provides Earnings Guidance for the Full Year of Fiscal 2016
CARECLOUD, INC. 
