QSII News
Helps Providers Get Ready for Critical Industry Changes
Record attendance of more than 4,200 participants celebrate Meaningful Use
success and prepare to tackle new initiatives such as collaborative care models
HORSHAM, Pa.--(BUSINESS WIRE)--November 14, 2011--
NextGen Healthcare Information Systems, Inc., a wholly owned subsidiary of
Quality Systems, Inc. (NASDAQ: QSII) and a leading provider of healthcare
information systems and connectivity solutions, announced today the kick off of
its 2011 Users' Group Meeting (UGM) with record attendance of more than 4,200
participants.
The company's clients -- including physicians, hospital executives, nurses,
practice managers and technology specialists -- have gathered at the MGM
Grand(R) Hotel & Conference Center in Las Vegas to participate in more than 200
educational and networking opportunities. President Scott Decker will address
attendees this morning in a presentation that highlights the breadth of NextGen
Healthcare's solutions that help providers get ready to tackle critical
industry initiatives such as collaborative care, health reform and shifting
reimbursement models.
"Many of our ambulatory and inpatient users have attested for Meaningful Use
incentives already and more than 100 clients have earned Patient-Centered
Medical Home designation," said Decker. "Providers must now get ready to face
broader industry drivers such as Accountable Care and 5010/ICD-10 by putting
the right tools in place. NextGen Healthcare's EHR is now faster and easier to
use, and our new, intuitive solutions and enhanced services help providers
measure and act on their clinical and business outcomes. In collaboration with
our clients, and in response to their needs, we have developed a portfolio that
will position clients for true market leadership."
Among the innovations showcased at UGM to support these industry changes,
NextGen Healthcare will reveal a performance management tool set designed to
monitor and measure clinical, financial and operational outcomes for a
healthcare organization. It includes Insight Reporting(TM), which compares a
practice's metrics against others at a local, state, or national level,
providing detailed insight into every aspect of the practice's financial
performance and ways to resolve revenue cycle issues. NextGen(TM) Healthcare
Information Exchange, NextGen(R) Patient Portal and NextGen(R) Mobile will also
be featured as they gain momentum in helping providers advance community
connectivity and patient engagement.
A favorite feature of attendees each year is the UGM Hands-On Room, which
returns with more than 150 workstations running the latest NextGen(R)
applications. Experienced trainers, developers, and implementation specialists
provide one-on-one product tutorials, answer questions, and highlight new or
undiscovered features. More than 20 educational sessions are also scheduled to
help guide clients through Meaningful Use attestation.
Keynote speaker John Foley, former member of the U.S. Navy Blue Angels Flight
Demonstration Squadron, will educate UGM attendees on secrets to achieving high
performance. NextGen Healthcare also welcomes Farzad Mostashari, MD, National
Coordinator for Health Information Technology, to speak at its Users' Group
Meeting. Dr. Mostashari will present Monday afternoon on "Meaningful Use as the
Path to Clinical Delivery Transformation."
The public can follow NextGen Healthcare's Users' Group Meeting on Twitter
under the hashtag #NextGenUGM.
About NextGen Healthcare
NextGen Healthcare Information Systems, Inc., a wholly owned subsidiary of
Quality Systems, Inc., provides integrated clinical, financial and connectivity
solutions for ambulatory, inpatient and dental provider organizations. For more
information, please visit www.nextgen.com and www.qsii.com. Follow NextGen
Healthcare on Twitter at www.twitter.com/nextgen or Facebook at
http://www.facebook.com/NextGenHealthcare.
This news release may contain forward-looking statements within the meaning
of the federal securities laws. Statements regarding future events,
developments, the Company's future performance, as well as management's
expectations, beliefs, intentions, plans, estimates or projections relating to
the future (including, without limitation, statements concerning revenue and
net income), are forward-looking statements within the meaning of these laws
and involve a number of risks and uncertainties. Management believes that these
forward-looking statements are reasonable and are based on reasonable
assumptions and forecasts, however, undue reliance should not be placed on such
statements that speak only as of the date hereof. Moreover, these
forward-looking statements are subject to a number of risks and uncertainties,
some of which are outlined below. As a result, actual results may vary
materially from those anticipated by the forward-looking statements. Among the
important factors that could cause actual results to differ materially from
those indicated by such forward-looking statements are: volume and timing of
systems sales and installations; length of sales cycles and installation
process; the possibility that the products will not achieve market acceptance;
seasonal patterns of sales and customer buying behavior; the development by
competitors of new or superior technologies; the timing, cost and success or
failure of new product and service introductions, development and product
upgrade releases; undetected errors or bugs in software; product liability;
changing economic, political or regulatory influences in the health-care
industry; changes in product-pricing policies; availability of third-party
products and components; competitive pressures including product offerings,
pricing and promotional activities; the Company's ability or inability to
attract and retain qualified personnel; possible regulation of the Company's
software by the U.S. Food and Drug Administration; uncertainties concerning
threatened, pending and new litigation against the Company including related
professional services fees; uncertainties concerning the amount and timing of
professional fees incurred by the Company generally; changes of accounting
estimates and assumptions used to prepare the prior periods' financial
statements; general economic conditions; and the risk factors detailed from
time to time in Quality Systems' periodic reports and registration statements
filed with the Securities and Exchange Commission. A significant portion of the
Company's quarterly sales of software product licenses and computer hardware is
concluded in the last month of the fiscal quarter, generally with a
concentration of such revenues earned in the final ten business days of that
month. Due to these and other factors, the Company's revenues and operating
results are very difficult to forecast. A major portion of the Company's costs
and expenses, such as personnel and facilities, are of a fixed nature and,
accordingly, a shortfall or decline in quarterly and/or annual revenues
typically results in lower profitability or losses. As a result, comparison of
the Company's period-to-period financial performance is not necessarily
meaningful and should not be relied upon as an indicator of future performance.
The Company undertakes no obligation to publicly update any forward-looking
statements, whether as a result of new information, future events or otherwise.
Copyright (c) 2011 NextGen Healthcare Information Systems, Inc. All rights
reserved.
NextGen and NextPen are either registered trademarks or trademarks of NextGen
Healthcare Information Systems, Inc. in the United States and/or other
countries. All other names and marks are property of their respective owners.
Patent pending.
CONTACT: NextGen Healthcare
Kristy DelMuto, 215-657-7010 or
484-686-4775
kdelmuto@nextgen.com
SOURCE: NextGen Healthcare
Copyright Business Wire 2011
(END) Dow Jones Newswires
11-14-11 1103ET
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