NextGen Healthcare Information Systems, Inc., a wholly owned subsidiary of Quality Systems, Inc. (NASDAQ: QSII) and a leading provider of ambulatory healthcare information systems and connectivity solutions, today announced that Phoenix, Az.-based Banner Health, one of the largest non-profit health systems in the country, has purchased a significant number of licenses for NextGenÂ® EMR (Electronic Medical Records) and NextGen EPM (Enterprise Practice Management) software. Banner Health has been a NextGen Healthcare client for approximately four years, and this purchase marks the next phase in its long-term ambulatory physician strategy.
Banner has purchased these licensesÂ as itÂ continues to strengthen its physician infrastructure and recruit more physiciansÂ within our health system, says Brian S. Underwood, vice president, Physician Resources for Banner Health. Our partnership with NextGen Healthcare is critical to providing excellent patient care and exceeding the expectations of the people we serve.
Banner Health has 20 hospitals in seven western states, and providesÂ hospital care, home care, hospice care, long-term care, nursing registries, surgery centers, laboratories and rehabilitation services.Â The new NextGen software licenses will be offered to a number of existing physicians.
We applaud Banner HealthÂ™s use of technology to take their ambulatory physician strategy to the next level, said Patrick Cline, president of NextGen Healthcare. NextGen Healthcare remains committed to working with Banner Health and to helping them achieve their goals.
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.
About Banner Health
Banner Health is one of the nationÂ™s largest non-profit health systems with 20 hospitals in seven western states, employing a dedicated workforce of more thanÂ 29,000. From Alaska to Arizona, Banner Health providesÂ hospital care, home care, hospice care, long-term care, nursing registries, surgery centers, laboratories and rehabilitation services. Banner Health is the leading nonprofit provider of hospital services in all the communities the company serves.
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.
NextGen Healthcare Information Systems, Inc.
Jennifer Kuesel, 215-657-7010