27.05.2008 12:45:00
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Health Management Associates (HMA) Further Expands its Use of NextGen(R) Technology
NextGen Healthcare Information Systems, Inc., a wholly owned subsidiary
of Quality Systems, Inc. (NASDAQ: QSII) and a leading provider of
ambulatory healthcare information systems and connectivity solutions,
today announced that Health Management Associates, Inc. (NYSE: HMA), a
premier operator of general acute care, non-urban hospitals located
throughout the United States, has executed an agreement to utilize
revenue cycle management services from NextGen Healthcare’s
Practice Solutions Division. HMA selected NextGen EMR (Electronic
Medical Records) and NextGen EPM (Enterprise Practice Management) in
2007. Its selection of NextGen Practice Solutions represents the third
phase in the organization’s long-term plan to
implement the integrated NextGen Healthcare clinical and financial
platform.
"After working with NextGen Healthcare on our
initial technology deployments, we believe the company and its products
and services are a great fit for us,” says
Stan McLemore, senior vice president –
operations finance for HMA. "NextGen Practice
Solutions will help us improve bottom line results and revenue cycle
management while reducing the costs to operate the physician practices
under our ownership. These services can also free up the internal
resources needed to refocus on strategy and the future of our practices,
as well as quality improvement initiatives.”
Florida-based HMA owns and operates 57 hospitals, with approximately
8,100 licensed beds, in non-urban communities located throughout the
United States. Services offered through NextGen Practice Solutions
include eligibility checking; charge capture; claims scrubbing;
electronic claims submission; payment posting; patient correspondence;
image and document management; accounts receivable follow up with payer
organizations and patients; call center; and electronic medical records.
These services are designed to increase collections, reduce A/R days,
and improve efficiency in billing, scheduling, reporting and other
critical practice functions.
Patrick Cline, president of NextGen Healthcare said, "This
is a great deal for both parties, with the potential to add significant
growth to NextGen Healthcare’s Practice
Solutions unit. We look forward to helping HMA achieve their business
and financial objectives.” About NextGen Healthcare
NextGen Healthcare Information Systems, Inc. a wholly owned subsidiary
of Quality Systems, Inc. (NASDAQ: QSII), develops and markets
computer-based practice management and electronic medical records
systems for medical group practices and Healthcare Systems. For more
information about NextGen, please visit www.nextgen.com and www.qsii.com.
About Health Management Associates
Health Management Associates, Inc. (NYSE:HMA) owns and operates 57
hospitals, with approximately 8,100 licensed beds, in non-urban
communities located throughout the United States. HMA's mission is the
delivery of compassionate and high quality health care services that
improve the quality of life for its patients, physicians, and the
communities it serves. For more information about HMA, please visit www.hma.com.
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.
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