NextGen Healthcare Announces Advanced Revenue Cycle Management Products and Services

HORSHAM, Pa.--(BUSINESS WIRE)--NextGen Healthcare, a wholly owned subsidiary of Quality Systems, Inc. (Nasdaq: QSII) and a leading provider of integrated ambulatory healthcare and connectivity solutions, today announced the formal public launch of NextGen^® Practice Solutions, a business division devoted to providing physician practices with cost-effective revenue cycle management (RCM) services. The Practice Solutions Division combines a web-delivered Software as a Service (SaaS) model and the integrated, award-winning NextGen software platform to execute its RCM offerings.

“By utilizing our practice management expertise and industry leading software applications, our initial customers have been able to increase collections and maximize revenue while minimizing their up-front costs.”

Product and service offerings 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
• Electronic Medical Records

Clients can deploy NextGen EMR, NextGen Healthcare’s industry-leading electronic medical records application, as part of their Practice Solutions implementation. NextGen EMR features advanced clinical content for 26 medical specialties. NextGen Healthcare began operations of its Practice Solutions division more than one year ago to support a need within its growing customer base; currently the division has 20 customers representing numerous medical specialties. The Division is supported by a dedicated team of implementation, training, and practice management experts.

“While NextGen Healthcare remains committed to our successful licensing model, our Practice Solutions division represents an additional offering, wrapped around our software platforms, for organizations that are best served through outsourcing,” said Patrick Cline, President of NextGen Healthcare.

“After years of experience implementing the NextGen platform in thousands of practices, we are convinced we can bring tremendous value by offering outsourced revenue management services,” said Fran Pedano, Director of the Practice Solutions division. “By utilizing our practice management expertise and industry leading software applications, our initial customers have been able to increase collections and maximize revenue while minimizing their up-front costs.”

One early adopter of NextGen Practice Solutions is Smithville Medical Associates, a Galloway, NJ-based family practice. “After implementing NextGen Practice Solutions, claims were filed on time and payments were received more quickly,” said Ramchand Thadhani, MD, of Smithville Medical Associates. “Within weeks, our cash flow problems were nearly resolved.”

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. For more information about NextGen, please visit www.nextgen.com and www.qsii.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.