Monthly subscription provides a fast and easy way for small practices to access
award-winning EHR, practice management technology
HORSHAM, Pa.--(Business Wire)--
NextGen Healthcare Information Systems, Inc., a wholly owned subsidiary of
Quality Systems, Inc. (NASDAQ: QSII) and a leading provider of ambulatory
healthcare and connectivity solutions, today announced the availability of its
subscription-based, software as a service (SaaS) model. Through this model,
which is designed for smaller practices, providers can quickly access the
NextGen® EHR (Electronic Health Record) or NextGen EPM (Enterprise Practice
Management) products for a monthly subscription starting at $599 per provider
for one product or $799 per provider for both products. The standard monthly
subscription fee also includes state-of-the-art hosting and maintenance
services, as well as access to the NextMD® patient portal and utilization of 3M
CPT4/ICD9 coding content.
"Given the current economic state, many smaller practices simply can`t afford
the initial capital outlay associated with purchasing servers and software
licenses," said Patrick Cline, president of NextGen Healthcare. "We`re excited
to offer this delivery model to help practices quickly and cost-effectively meet
their automation needs, while also providing the advanced technology platform
needed to address stimulus-related incentive (pay-for-performance)
requirements."
With a NextGen EHR subscription, providers have access to patient education
content, drug and allergy data from First Data Bank, and e-prescribing and
formulary checking through NextGen Healthcare`s medication management feature.
NextGen EHR is currently the only EHR product that has achieved Surescripts®
Platinum Solution Provider status. In addition, NextGen EHR is positioned to
meet all standards that the government will be endorsing as part of the 2009
American Recovery and Reinvestment Act. A NextGen EPM subscription includes
NextGen Real-time Claims Edits functionality that can help providers achieve
higher reimbursement.
Nominal set up and implementation/training fees will be applicable in addition
to the subscription fee. NextGen Healthcare will also continue to offer its
current licensing purchase model.
About NextGen Healthcare
NextGen Healthcare Information Systems, Inc. a wholly owned subsidiary of
Quality Systems, Inc. (NASDAQ: QSII), provides integrated electronic health
record and practice management systems, connectivity solutions, and billing
services for hospitals and ambulatory practices of all sizes and specialties.
For more information about NextGen, please visit www.nextgen.com and
www.qsii.com.
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.
for NextGen Healthcare
Brian Parrish, 770-576-2544
bparrish@dodgecommunications.com
Copyright Business Wire 2009
