Acquisition to Aid Company in Expanding Health IT Solutions for Hospitals
IRVINE, Calif.--(BUSINESS WIRE)-- Quality Systems, Inc. (“QSI”) (NASDAQ: QSII) announced today that it has entered into an agreement to acquire CQI Solutions, Inc., a provider of surgery information systems installed at more than 100 of the nation’s premier hospitals. CQI will become part of QSI’s wholly owned subsidiary, NextGen Healthcare Information Systems, Inc., offering specific solutions to clients of the NextGen® Inpatient Solutions business unit.
New Braunfels, Texas-based CQI has been a leader in surgical suite solutions within the hospital market for more than 15 years. Its patient scheduling and surgical information systems will be sold both independently as well as part of an integrated solution within the NextGen® Inpatient Solutions portfolio, which includes NextGen® Inpatient Clinicals and NextGen® Inpatient Financials.
CQI offers a range of solutions, including hospital-wide patient scheduling, patient tracking boards, clinical department procedural costing & charge capture, complete surgical services management and electronic charting. These tools provide department managers and hospital executives better insight into their operations. CQI software provides increased efficiencies in patient throughput, resource allocation, clinical documentation, materials management, charge capture, reimbursement and management reporting. Previously, NextGen Healthcare and CQI demonstrated their ability to design effective solutions for joint clients.
“The acquisition of CQI complements the NextGen Inpatient Solutions portfolio, enabling us to expand our reach to include surgery facilities and to meet a critical need in the hospital sector for an integrated offering,” said Steve Puckett, executive vice president, inpatient solutions. “We are pleased to extend our portfolio to meet these cross-departmental needs, demonstrating our commitment to the community and rural hospital marketplace. With the additional integration of our award-winning ambulatory solutions, our inpatient and ambulatory clients are now collecting critical data across the care continuum, helping them meet requirements of quality of care initiatives and current business drivers such as Meaningful Use, where clients have already earned in excess of $5 million in incentives.”
“CQI is excited about its new partnership with NextGen Healthcare,” said John McCarthy, president and co-founder of CQI, who will maintain responsibility within NextGen Healthcare for sales of surgery solutions. “Joining forces today will enable us to deliver a full suite of solutions to our hospital partners. This strategic relationship is a great fit for CQI and its clients, and I look forward to joining the NextGen Healthcare team.”
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.
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KEYWORDS: United States North America California Texas
INDUSTRY KEYWORDS: Surgery Technology Data Management Hardware Software Practice Management Health Dental Hospitals Radiology Other Health Nursing Managed Care