IRVINE, Calif.--(BUSINESS WIRE)-- Quality Systems, Inc. (NASDAQ: QSII), a developer of a range of healthcare information systems for automating medical and dental practices as well as small hospital systems, announced today that several executives have been promoted into expanded roles as the company further strengthens its veteran management team.
Tim Eggena has been named executive vice president of research and development, a role with newly created and expanded responsibilities that includes the overseeing of all ambulatory research and development efforts, including, among others, electronic health records (EHR), practice management solutions, mobile strategy, health information exchange and integration of inpatient solutions.
Since May 2008, Eggena has served as executive vice president of NextGen® Practice Solutions, which includes the company’s revenue cycle management (RCM) division. While serving in this capacity, Eggena led Quality Systems’ (QSI) entry into the RCM business, with the acquisition of two full-service RCM entities -- Healthcare Strategic Initiatives (HSI) and Practice Management Partners, (PMP) – both of which were acquired by the company in 2008. He is credited with continuing to expand this business segment for the company.
Previously, as vice president of product development at NextGen, Eggena, oversaw product development of NextGen Healthcare’s EHR and Practice Management Systems. Eggena was a co-founder of MicroMed Healthcare Information Systems, which was acquired by Quality Systems in 1997 and transitioned into NextGen in 1999. He has served in senior management roles at both companies since MicroMed’s inception in January 1993. Prior to co-founding MicroMed, Eggena worked at Gerber Alley, a hospital information systems vendor. Eggena holds a Bachelor of Science degree in management information systems from Auburn University. He will be based in the company’s Atlanta office.
Concurrently, Monte Sandler was promoted to assume the role of executive vice president of NextGen Practice Solutions, responsible for managing the company’s RCM business unit. Sandler, with 14 years of RCM experience, will oversee the integration of the two RCM entities. He will guide the RCM business toward a new phase of profitable growth and work to enhance the service delivery model. Sandler is based out of NextGen’s St. Louis offices.
Previously, Sandler served as vice president of account management with NextGen Practice Solutions. His responsibilities included managing large client accounts, encompassing sales, implementation, operational oversight, financial review and client relations. Prior to joining NextGen Healthcare, Sandler was a partner and co-founder at HSI for 12 years, where he was instrumental in all phases of the company’s growth since its inception in 1996.
Prior to HSI, Sandler was an auditor with KPMG Peat Marwick in St. Louis. He holds his Certified Public Accountant (CPA) license in Missouri and is a graduate of the Kelley Business School at Indiana University in Bloomington, Ind. Sandler is a member of the Healthcare Financial Management Association (HFMA) and also serves on the Board of Directors of the St. Louis Jewish Community Center (JCC).
Additionally, Donn Neufeld, who served as senior vice president and general manager of QSI's Dental unit, was named executive vice president of electronic data interchange (EDI) and dental, for both NextGen and QSI. In this role, Neufeld will continue to oversee the QSI Dental business unit as well as head the EDI business unit.
Previously, Neufeld held the role of senior vice president and general manager of the QSI Division since 2008. His responsibilities included managing all aspects of the dental business including sales, implementation, development and support. Shortly after joining Quality Systems in 1980, Neufeld was appointed manager of customer support and since that time, has held various roles with increasing responsibility. He was involved in forming QSI’s first EDI department in the early 1990s and was instrumental in the acquisition process for MicroMed and Clinitec International, Inc., both predecessor companies of the NextGen Healthcare, Inc. subsidiary. Prior to joining QSI, Neufeld worked as a programmer analyst at a large hospital.
Eggena reports to Scott Decker, president of NextGen Healthcare. Sandler and Neufeld will report directly to QSI Chief Operating Officer Philip N. Kaplan.
“These promotions reflect the company’s commitment to creating a strong infrastructure that incorporates a team of highly talented professionals, all of whom bring significant expertise across various specialty areas within HIT. Aligning all our research and development efforts to fall under the auspices of a senior executive and business unit, will better streamline our operational structure and enhance our ability to deliver future solutions. These executives will work together to further strengthen our leadership position in the EHR sector as we prepare for the anticipated changes resulting from incentives provided by the American Recovery and Reinvestment Act of 2009,” said Philip N. Kaplan, chief operating officer.
“Other previously announced management and corporate changes, coupled with these appointments, will prove to enhance the integration process across Quality Systems’ various business units and allow us to solidly and consistently execute for our clients,” concluded Kaplan.
Irvine, Calif.-based Quality Systems, Inc. and its NextGen Healthcare Information Systems subsidiary develop and market computer-based practice management, patient records and revenue cycle management applications as well as connectivity products and services for medical and dental group practices. Visit www.qsii.com and www.nextgen.com for additional information.
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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 Georgia Missouri
INDUSTRY KEYWORDS: Technology Data Management Software Practice Management Health Dental Hospitals Nursing General Health Managed Care