Medical Billing Software Users Boost CollaborateMD Philanthropic Contributions

Wednesday, August 26th, 2009

Healthcare Company Partners with American Forests for “Plant a Tree” Program
WASHINGTON, DC. & ORLANDO, FL. – August 26, 2009 – CollaborateMD, a leading provider of hybrid SaaS practice management and medical billing software for physician offices and third-party billing services, has recommitted to their “Plant a Tree by Going ASP” program. The program is being conducted in cooperation with American Forests, the nation’s oldest nonprofit citizen’s conservation organization.

CollaborateMD kicked off the program in March 2008 by donating the funds needed to purchase 3,000 trees—one for each active user on its system at the time—to American Forests. This year, as contributions remain contingent on the Company’s new customer acquisitions, 3,500 trees will be purchased to help offset their estimated carbon dioxide output per annum.

“Our Internet-based, hybrid SaaS solution helps to reduce carbon emissions by offering an environmentally safe alternative to server-based applications,” commented Douglas Kegler, CollaborateMD president and CEO. “Planting trees to provide an effective means for absorbing and storing the carbon we emit is the next logical step in protecting and preserving our environment for future generations.”

Since 1875, American Forests has been working to protect, restore and enhance the natural resource of trees and forests, planting trees in over 500 projects that span every state in the U.S. as well as 21 countries worldwide. Every dollar donated will pay to plant one tree in one of the many projects American Forests has underway and will help the organization reach its goal to plant 100 million trees by 2020. For more information on American Forests or to donate, visit www.americanforests.org.

About CollaborateMD
CollaborateMD has been helping medical practices and billing services optimize clinical and financial workflow for increased revenue and net profit improvement since 1999. Serving thousands of providers nationwide, CollaborateMD offers the healthcare industry a HIPAA-compliant, 100% Java, hybrid SaaS practice management and medical billing software application, which easily integrates with several leading EHR and laboratory solutions, and offers ePrescribing and secure patient-to-provider communications. For more information, visit CollaborateMD.com, Blog.CollaborateMD.com, or call 888.348.8457.

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CollaborateMD Rank Advances on Inc. 5,000 Fastest-Growing Private Companies List

Thursday, August 13th, 2009

Medical Billing Software Provider Moves Up 48 Positions in 2009 with 280% Revenue Growth

NEW YORK, NY. & ORLANDO, FL. – August 13, 2009 – Inc. Magazine today ranked CollaborateMD, a leading provider of hybrid SaaS practice management and medical billing software for physician offices and third-party billing services, No. 1125 on its annual ranking of the 5,000 fastest-growing private companies in the country. The 2009 list, which ranks CollaborateMD as 77th out of over 300 health industry companies nationwide, represents the most comprehensive look at America’s independent-minded entrepreneurs.

Ranked as 4th out of 26 health companies in Florida, and recently awarded as a Top 100 Company for Working Families by the Orlando Sentinel, CollaborateMD has a notable presence in the southeast US where they are headquartered. Serving nearly 4,000 providers across all 50 states, their growth continues nationwide. Utilizing their proprietary hybrid Software as a Service (SaaS) model, CollaborateMD perpetuates this growth by offering a unique solution that is faster and more efficient than a browser-based program, and yet more flexible than a stand-alone, locally run application.

The Inc. 5000 is ranked according to percentage revenue growth from 2005 through 2008. To qualify, companies must be U.S.-based, privately held, for profit, and independent, with 2005 revenue totaling at least $200,000 and 2008 revenue totaling at least $2 million.

“Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate,” said Inc. 5000 project manager Jim Melloan. “That’s why our list is so eagerly anticipated every year.”

“Last year’s ranking indicated that our Company had reached an important growth milestone,” commented Douglas Kegler, CollaborateMD president and CEO. “The fact that we have advanced our position at both the state and national level illustrates how vital a high-value, feature-rich, and cost-effective medical billing solution is to our industry. We are fortunate to serve such a critical need in the health information technology arena.”

About CollaborateMD
CollaborateMD has been helping medical practices and billing services optimize clinical and financial workflow for increased revenue and net profit improvement since 1999. Serving thousands of providers nationwide, CollaborateMD offers the healthcare industry a HIPAA-compliant, 100% Java, hybrid SaaS practice management and medical billing software application, which easily integrates with several leading EHR and laboratory solutions, and offers ePrescribing and secure patient-to-provider communications. For more information, visit CollaborateMD.com, Blog.CollaborateMD.com, or call 888.348.8457.

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August eBlurb

Saturday, August 1st, 2009

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What a month! In the last 31 days, we launched the long-awaited beta 8.3 version of our software, landed our largest provider-count customer, and hosted the first CollaborateMD "Meet Our Partners" webinar series designed to formally introduce our customers to these value-added partners.

Of course, there’s no sense in slowing down now! We plan to make an exciting announcement next month, so stay tuned. In the meantime, here are a few of our most popular blog articles from July.

Is Your Practice Ready for the Red Flags Rule?
Patrick Mann, CollaborateMD VP of Engineering, shares his knowledge about an important industry game-changer, and explains what CollaborateMD is doing to facilitate a smooth adoption of this new policy for every one of our customers… (more info)

8.3 Beta Is Here!
Blog subscribers were amongst the first to be granted access to our beta release, but this month, we opened it up to all customers while still allowing them to maintain control over the install process for operational stability. Check out the new features that were designed to optimize workflow for net profit improvement… (more info)

It’s Summer, It’s Social, and It’s All Good
We were thrilled to participate in the first large-scale, online charitable campaign to raise funds strictly online through the power of social media. The money raised went to The Humane Society, LIVESTRONG, Oxfam America, and WWF… (more info)

Meet Our Partners
As we mentioned above, we hosted 2 webinars each from co-presenters RelayHealth, Source Technologies, MediMobile, and GreenFlag Profit Recovery for a total of 8 webinars in this incredible series which brought customers and partners together to showcase the available tools and provide practical advice on how they could best be used to streamline customer operations… (more info)

Helping you stay connected,

Your CollaborateMD Team