Business Services Industry
NextGen Healthcare Information Systems Recognized
Business Wire, May 9, 2002
Business Editors
TUSTIN, Calif.--(BUSINESS WIRE)--May 9, 2002
Quality Systems, Inc. (Nasdaq:QSII) announced today that products developed and marketed by its NextGen Healthcare Information Systems subsidiary have received recent recognition from healthcare information technology experts.
NextGen software products have been named as one of three finalists in each of three award categories by the Medical Records Institute in anticipation of its upcoming TEPR (Toward the Electronic Patient Record) conference to be held May 11-12 in Seattle, WA. During the conference, the Company will be competing in the Practice Management Comprehensive Systems, Specialty/Departmental EMR, and Ambulatory Care Comprehensive EMR categories. This is the second consecutive year that the Company has been named a TEPR finalist. In 2001, the Company was named as a finalist in two categories and earned first-place honors in both categories.
Further, the American Academy of Family Physicians (AAFP) announced at its Annual Leadership Forum the release of the joint "AAFP/Microsoft Technology Guide: Practice Management Software"(1). NextGen's EPM software suite received the highest score in the financial/corporate evaluation arena, which includes financial statements, client base, growth, operating practices, management structure, and business processes. Further, the Company earned the highest score and tied with another vendor in the functional criteria area, which covered 57 distinct data elements(2).
The Company also received favorable coverage in the May issue of Technology in Practice, a healthcare industry trade publication. In the article, a variety of quotes are attributed to a number of industry consultants, clients, and staff members. The Company wants to clarify that with regard to any "forward looking statements" that may exist in the article, the attributed quotes are not necessarily the views and opinions of the Company.
Quality Systems is a developer and provider of computer-based practice management and electronic medical records systems and e-business applications for dental and medical group practices marketed under the QSI and NextGen product names.
(1) copyright 2002 American Academy of Family Physicians
(2) Excerpted from the AAFP/Microsoft Technology Guide with permission from the AAFP and Microsoft; however, neither the comparative analysis, the Technology Guide nor any data, conclusions or other material included in the excerpt is, or should be construed as, an endorsement, recommendation, or warranty by the AAFP or Microsoft with respect to this particular vendor or product.
This news release, the matters referenced herein, as well as the quotations contained in the articles referenced herein may contain forward-looking statements, including those related to revenue and net income, that involve a number of risks and uncertainties. Among the important factors that could impact actual results 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; delays in product development; undetected errors or bugs in software; product liability; changing economic, political or regulatory influences in the health-care industry; changes in product-pricing policies; competitive pressures; possible regulation of the company's software by the U.S. Food and Drug Administration; 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.
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