IRVINE, Calif.--(BUSINESS WIRE)-- Quality Systems, Inc. (NASDAQ: QSII) announced today that its chairman of the board and founder, Sheldon Razin, was named the winner in the software category of TechAmerica’s 52nd annual Innovator Awards, which honors eight innovators representing different industry segments for their contributions to the technology industry.
“We received lots of nominations for these prestigious awards, and we congratulate Shelly for his winning achievement,” said TechAmerica president and CEO Phil Bond. “TechAmerica is excited to highlight Shelly as he continues to influence technology development throughout the rest of the world.”
“It is a privilege to be recognized by TechAmerica for the vision we first had back in 1976 to automate dental practices, which eventually led to the development of our robust electronic health records solutions. Today, Quality Systems holds a leadership position in the healthcare information technology sector. It is hard to believe that more than 35 years ago, we identified the need for automating the healthcare platform. Now, with the introduction of the American Reinvestment and Recovery Act (ARRA), the U.S. Government also realizes the importance. Quality Systems is at the forefront of meeting the electronic healthcare needs for physicians, dentists and small hospital systems,” Razin said.
Steven T. Plochocki, Quality Systems’ chief executive officer, added: “The entire Quality Systems team extends sincerest congratulations to Shelly on this significant acknowledgement. Three decades ago, Shelly recognized the importance of automated health records and since that time, this market segment has evolved considerably. We appreciate Shelly’s ongoing leadership and continued dedication to the company and industry and are proud of his contributions and accomplishments.”
Razin received his award at TechAmerica’s David Packard Medal of Achievement and Innovator Awards 52nd Annual Dinner held on Monday, October 11, 2010 at the Four Seasons Hotel in East Palo Alto, Calif., during which time the winners were announced. Since 1959, the event has featured TechAmerica’s highest award, the David Packard Medal of Achievement, to honor significant lifetime contributors and pioneers of the high-tech industry. Innovator Awards are also bestowed upon eight innovators representing different industry segments. The Innovator Awards are for the person rather than the innovation or the company. The TechAmerica Commercial Policy Board voted on the nominations to select one winner in each of the following categories: Clean Tech/Green Tech/Smart Grid; Cloud Computing; Cyber Security; Internet; Medical Devices; and Software.
For more information, please visit http://www.techamerica.org/innovatorawards.
TechAmerica is the leading voice for the U.S. technology industry – the driving force behind productivity growth and jobs creation in the United States and the foundation of the global innovation economy. Representing approximately 1,200 member companies of all sizes from the public and commercial sectors of the economy, it is the industry’s largest advocacy organization and is dedicated to helping members’ top and bottom lines. TechAmerica is also the technology industry's only grassroots-to-global advocacy network, with offices in state capitals around the United States, Washington, D.C., Europe (Brussels) and Asia (Beijing).It was formed by the merger of AeA (formerly the American Electronics Association), the Cyber Security Industry Alliance (CSIA), the Information Technology Association of America (ITAA) and the Government Electronics & Information Technology Association (GEIA). Learn more about TechAmerica at www.techamerica.org.
About Quality Systems, Inc.
Irvine, Calif.-based Quality Systems, Inc. and its NextGen Healthcare subsidiary develop and market computer-based practice management, electronic health records and revenue cycle management applications as well as connectivity products and services for medical and dental group practices and small hospitals. Visit www.qsii.com and www.nextgen.com for additional information.
SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS
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: the volume and timing of systems sales and installations; length of sales cycles and the installation process; the possibility that products will not achieve or sustain 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 the Company’s 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.
Quality Systems, Inc.
Susan J. Lewis, 303-804-0494
KEYWORDS: United States North America California
INDUSTRY KEYWORDS: Technology Data Management Hardware Software Practice Management Health Dental Hospitals Radiology Other Health Nursing Managed Care