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Company Increases Staff by Nearly 75% within Five Months

ORLANDO (May 14, 2008)—CollaborateMD, a leading provider of Internet medical billing and practice management software for physician offices and medical billing services, announced today that it will reach the annual growth goal in half the time initially projected. Five new support analysts and a marketing director have already joined the team since January, bringing the total number of employees to 26.

To accommodate for the rapid growth in human resources, the company recently doubled the 3,000 square-foot office space, funded from existing cash and profits. As planned, last week marked a successful move of the support department to their newly leased office suite.

CollaborateMD is expected to announce a record-breaking number of healthcare transactions within the next 30 days. To that end, the Company has decided to hire additional support analysts and another software developer to proactively manage the increased volume and accommodate the additional 1,000 providers they expect to acquire by year’s end.

“The rapid growth we have recently experienced is directly attributable to the hard work and dedication of our exceptional CollaborateMD team,” stated Douglas Kegler, president of CollaborateMD. As we continue to grow, we will uphold our collective mission to provide new and existing clients with the superior service and support they have come to expect.”

About CollaborateMD
Headquartered in Orlando, FL, CollaborateMD provides the health care industry with a HIPAA compliant, Internet practice management and electronic medical billing software and Revenue Cycle Management application that has the speed of a local PC application and the "use anywhere" flexibility of a Web browser application. CollaborateMD is a 100% Java application utilizing Sun Microsystems Java Platform. CollaborateMD offers physician offices and medical billing services the opportunity to become more efficient and flexible. For more information, visit CollaborateMD.com or call 888-348-8457.


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