CollaborateMD Doubles Orlando Office Space in Only 14 Months; Completes First Phase of Growth Plan

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CollaborateMD doubles Orlando office space in only 14 months; completes first phase of growth plan

Because our medical billing software is so easy to learn and use, our support department of eight can handle 350 providers per person. With that said, the additional space allows our company to handle the growth of another several thousand providers and continue the quality support of new and existing clients.

CollaborateMD, a leading provider of Internet-based medical billing and practice management software for physician offices and medical billing services, announced today a new lease to double the 3,000 square feet at their current office location after only 14 months. In the fall of 2006 the CollaborateMD staff of ten moved into their current 3,000 square-foot office space expecting it to be adequate through 2008. Only 14 months later, CollaborateMD has added 1,000 providers to their medical billing solution and filled up their space with a staff of 17. The company expects to add another six to eight employees in 2008 with plans to accommodate an additional 1,500 clients.

"The acceptance of our user-friendly, Web-based medical billing software has really taken off and we are all very excited about it," stated Douglas Kegler, president of CollaborateMD. "Because our medical billing software is so easy to learn and use, our support department of eight can handle 350 providers per person. With that said, the additional space allows our company to handle the growth of another several thousand providers and continue the quality support of new and existing clients."

CollaborateMD is utilizing existing cash and profits to fund their expansion plans.

About CollaborateMD
Headquartered in Orlando, FL, CollaborateMD provides the health care industry with a HIPAA compliant, Internet-based 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: http://www.collaboratemd.com or call 888-348-8457.

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JP Underhill
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