Horsham, PA - August 8, 2011 - 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, announced today an agreement with Dell to market and deliver advanced technology solutions and services to medical practices of all sizes, rural and community hospitals and physician networks.
Under the agreement, Dell will market, sell and support NextGen® Ambulatory EHR, NextGen® Practice Management, NextGen® Inpatient Clinicals, NextGen® Inpatient Financials and other NextGen® solutions as components of Dell's Electronic Medical Records (EMR) solutions for hospitals and physicians. Using the latest cloud technology platform, Dell will also host NextGen® applications to simplify access and data management for Dell and NextGen Healthcare clients. Dell also becomes the hardware platform-of-choice for all NextGen® solutions as well as for NextGen Healthcare's internal use.
"Dell and NextGen Healthcare are committed to delivering leading-edge solutions that will assist healthcare providers in the delivery of higher quality, better coordinated care," said Patrick Cline, president, Quality Systems, Inc. "This agreement will leverage the capabilities of both organizations to build on the strengths of our success and capitalize on unprecedented market opportunities."
"By combining our capabilities into integrated solutions with a continuum of implementation options, Dell and NextGen Healthcare are simplifying the adoption and use of electronic medical records and information sharing between healthcare providers," said Jamie Coffin, Ph.D., vice president and general manager of Dell Healthcare and Life Sciences. "This is critical to accelerating use of digital patient information across our healthcare system."
About NextGen Healthcare
About NextGen Healthcare
NextGen Healthcare Information Systems, Inc., a wholly owned subsidiary of Quality Systems, 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 at www.twitter.com/nextgen or Facebook at http://www.facebook.com/NextGenHealthcare.
Dell (NASDAQ: DELL) is among the leading providers of IT services to the healthcare industry giving providers, payers and pharmaceutical companies integrated clinical, business process and technology solutions that extend from the point of care to the data center. Dell's integrated business process and technology solutions help hospitals maximize efficiency and reimbursement; achieve clinical excellence and create communities of practice to more efficiently deliver patient care. Learn more at http://content.dell.com/us/en/healthcare/healthcare-solutions.aspx?~ck=bt&~ck=mn.
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.