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| [January 07, 2013] |
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NextGen Healthcare and Medline Partner to Expand Integrated Solutions
HORSHAM, Pa. --(Business Wire)--
NextGen
Healthcare Information Systems, LLC., a wholly owned subsidiary of Quality
Systems, Inc. (NASDAQ: QSII) and a leading provider of healthcare
information systems and connectivity solutions, announced today it has
entered into a strategic agreement with Medline Industries, Inc., the
nation's largest privately held manufacturer and distributor of
healthcare products to hospitals, extended care facilities, surgery
centers, physician offices and home care organizations.
Under the agreement, Medline's national medical sales force of more than
1,100 representatives will work with NextGen (News - Alert) Healthcare to co-market
NextGen® solutions to Medline's customer base comprised of
more than 100,000 locations consisting of physician practices and
hospitals and other healthcare facilities. Medline will also work with
its medical device and productivity partners to encourage them to
combine their solutions with NextGen®
Ambulatory EHR, to provide a fully-integrated, quality patient
experience that helps drive the bottom line performance of Medline's
physician clients.
The alliance also identifies Medline as the preferred provider of
medical supplies for the NextGen®
Preferred Provider Advantage purchasing program. This online program
is a value-added service to the NextGen Healthcare customer base that
enables clients to purchase their medical supplies, equipment, and
pharmaceuticals at a discounted rate.
Medline and NextGen Healthcare both provide high-value, cost-effective
products and services that enable better quality care," said Bob Ortiz,
Medline's vice president of sales for physician offices. "Adding
NextGen® solutions to our more than 125,000 medical products, supplies,
equipment and services, makes Medline a true one-stop provider for all
physician practices and hospitals."
"NextGen Healthcare's extensive portfolio, coupled with Medline's
quality products and services, enhances an organization's ability to
reduce costs while providing improved patient care," said Michael
Paquin, vice president of business development for NextGen Healthcare.
"Leveraging one another's organizational strengths allows us to provide
products and services to healthcar organizations at cost-effective
rates while helping to increase the adoption of healthcare information
technology across practices and hospitals."
About Medline
As the nation's largest privately held manufacturer and distributor of
healthcare products, Mundelein, Ill.-based Medline manufactures and
distributes more than 125,000 products to hospitals, extended care
facilities, surgery centers, physician offices and home care dealers.
Medline boasts more than 1,100 dedicated sales representatives
nationwide to support its broad product line and cost management
services. For more information, please visit www.medline.com
About NextGen Healthcare
NextGen Healthcare Information Systems, LLC, a wholly owned subsidiary
of Quality Systems (News - Alert), 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 (News - Alert) at www.twitter.com/nextgen,
Facebook (News - Alert) at http://www.facebook.com/NextGenHealthcare
or LinkedIn (News - Alert) at http://www.linkedin.com/company/nextgen-healthcare-information-systems.
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 © 2013 NextGen Healthcare Information Systems, LLC. All
rights reserved.
NextGen is either a registered trademark or trademark of QSI
Management, LLC, an affiliate of NextGen Healthcare Information Systems,
LLC. All other names and marks are property of their respective
owners. Patent pending.

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