Grace CHC selects NextGen for its ability to meet distinctive health center needs and concurrently secures more than $150,000 in initial Meaningful Use incentives
HORSHAM, Pa.--(BUSINESS WIRE)-- NextGen Healthcare Information Systems, Inc., a wholly owned subsidiary of Quality Systems, Inc. (NASDAQ: QSII) and a leading provider of healthcare information systems and connectivity solutions, today announced that Gray, Ky.-based Grace Community Health Center, has secured in excess of $150,000 in state Medicaid incentives by demonstrating its recent selection of the company’s certified electronic health records (EHR) solution.
With the support of the Kentucky Regional Extension Center, Grace CHC registered its physicians for the Medicaid EHR Incentive Program in February 2010 and quickly secured the maximum payment amount of $21,500 per physician from the government. Grace CHC plans to utilize NextGen® solutions to help it achieve Meaningful Use while streamlining the complex billing and quality reporting requirements that are unique to community health centers.
“Throughout this process, it was important to identify a partner that understood the long-term needs of community health centers and could aid us in achieving Meaningful Use,” said David A. Worthy, MD, CEO of Grace Community Health Center. “NextGen Healthcare’s extensive experience with CHCs, coupled with the support of our local regional extension center, will help prepare us to complete Stage 1 Meaningful Use qualifications in late 2011 and maximize use of the technology’s billing and reporting capabilities going forward.”
As a health center with several grant awards, Grace CHC required more than just a standard clinical and financial system to help it meet the reporting requirements for multiple private and federal funding sources. NextGen® Ambulatory EHR and NextGen® Practice Management offer a tightly integrated reporting solution, with ideal features including auto-completion of UDS reports and a single database from which to pull required quality metrics, as well as the flexibility to modify templates to the health center’s specific needs.
“Our clients are running full-steam ahead toward Meaningful Use, while also keeping a close watch on how health IT will contribute to their longer-term growth strategies,” said Scott Decker, president of NextGen Healthcare. “Grace CHC’s early recognition in securing the first wave of stimulus payments is evidence of the vast opportunities and benefits to be reaped from EHR adoption. Close partnerships between vendors and all the stakeholders in Meaningful Use are critical to allowing more primary care practices, health centers and critical access hospitals to achieve similar results.”
About NextGen Healthcare
NextGen Healthcare Information Systems, Inc., a wholly owned subsidiary of Quality Systems, Inc. (NASDAQ: QSII), 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 at www.twitter.com/nextgen or Facebook at http://www.facebook.com/NextGenHealthcare.
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 is a registered trademark and service mark of NextGen Healthcare Information Systems, Inc. All other names and marks are property of their respective owners.
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CONTACT:
NextGen Healthcare
Kristy DelMuto, 215-657-7010
[email protected]
KEYWORDS: United States North America Kentucky Pennsylvania
INDUSTRY KEYWORDS: Technology Data Management Software Practice Management Health Dental Other Health Professional Services Insurance
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