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Monthly Transactions Increase 73% vs. Same Month Last Year

ORLANDO, FL (May 22, 2008)—CollaborateMD, a leading provider of Internet medical billing software for physician offices, hospitalists and medical billing services, announced today that over 520,000 healthcare transactions were processed last month by their 3,000 medical providers across all 50 states. Having recently increased staffing resources to accommodate for this year’s predicted growth, CollaborateMD has set a new benchmark for the volume of healthcare transactions needed to keep pace with the Company’s expansion goals.

“April was yet another record-breaking month for our company,” commented Douglas Kegler, president and CEO of CollaborateMD, “but it in no way marks the peak of our escalating performance.” Kegler went on to say, “We are working diligently to ensure a steady increase in these numbers, with the anticipation of doubling our monthly healthcare transactions by the end of 2009.”

The accomplishment of processing over 500,000 healthcare transactions in a single month serves not only as a milestone for CollaborateMD and its providers, but as an indication that the healthcare industry will continue to see advancement in health information technology and, more specifically, in the acceptance of on-demand healthcare software for the foreseeable future.

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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