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NextGen Healthcare Adds to Growing Community Health Center Client Roster
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 that AltaMed Health Services and Valley-Wide Health Systems have selected the company's suite of enterprise software solutions. NextGen Healthcare currently has hundreds of community health center (CHC), federally qualified health center (FQHC) and Indian Health Service clients in 39 states, as well as the U.S. Virgin Islands.
"We are pleased that both AltaMed and Valley-Wide are partnering with us to meet their automation needs," said Patrick Cline, president of NextGen Healthcare. "We have strongly supported the CHC market for many years, and with pending federal legislation that will provide significantly more financial support for these organizations, we are committed to helping CHCs with everything from grant development and grant receipt to product implementation."
AltaMed Health Services has been providing quality health care to the underserved and uninsured in Southern California for 40 years. The organization serves more than 92,000 families each year, providing community access to medical and dental clinics, complete senior services, youth programs, HIV/AIDS specialty care, and substance abuse prevention and treatment. AltaMed selected NextGen EHR (Electronic Health Record), NextGen EPM (Enterprise Practice Management), NextGen ICS (Image Control System) and Quality Systems' integrated EDR (Electronic Dental Record). During 2009, AltaMed will install NextGen EPM at 18 locations across Los Angeles and Orange County, the Quality Systems EDR at five dental practices, and NextGen EHR at eleven primary care clinics.
"NextGen Healthcare has developed content specifically for the CHC market and offers a scalable technology platform that will help us meet our anticipated growth," said Angela Roberts, CIO for AltaMed Health Services. "Through the use of this platform, we hope to increase quality of care by providing clinicians with access to the most up-to-date patient record, regardless of service location."
Valley-Wide Health Systems is a community/migrant health center that has 14 primary health care delivery sites and 70 providers that serve southern Colorado. The organization selected NextGen EHR, NextGen EPM and Quality Systems' integrated EDR, and will implement all three products across its enterprise – making the technology available to clinical and billing staff at the 14 sites.
"We chose NextGen Healthcare after a lengthy process of evaluating various electronic practice management and electronic medical record products," said Konnie Martin, COO for Valley-Wide Health Systems. "NextGen is committed to serving the unique needs we have as a community health center, and their team is experienced and genuinely dedicated to our success in implementing these exciting products."
About NextGen Healthcare
NextGen Healthcare Information Systems, Inc. a wholly owned subsidiary of Quality Systems, Inc. (NASDAQ: QSII), develops and markets computer-based practice management and electronic medical records systems for medical group practices and Healthcare Systems. 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.