NextGen Healthcare Information Systems, LLC., a wholly owned subsidiary of Quality Systems, Inc. (NASDAQ: QSII) and a leading provider of healthcare information systems and connectivity solutions, today issued a statement following the Senate vote to patch the Sustainable Growth Rate (“SGR” or “Doc Fix”) and delay ICD-10 for another year to October 2015.
Michael Lovett, executive vice president and general manger provided the following comment: “The Senate’s vote to patch the SGR and delay ICD-10 for another year doesn’t impact our commitment to helping move healthcare forward or our focus on preparing clients to meet all regulatory deadlines. We agree that ICD-10 is of tremendous importance to emerging value-based payment models and to the efficient delivery of quality care; we also view the move to data driven healthcare as a significant step in the right direction. However, we as a healthcare community must now look beyond the delay and focus on other reform initiatives as well as looming Meaningful Use deadlines. We need to remind providers that ICD-10 and Meaningful Use are complementary initiatives, and providers would be well-suited to focus on both. Providers need to ensure they are employing or are upgrading to an ONC 2014 Edition certified electronic health record (EHR). While the process for gearing up for these major reforms may be onerous, we believe the results have the potential to revolutionize healthcare in ways never seen before and providers have a better chance of succeeding if they are prepared. Providers should continue to act now to take advantage of the opportunities contained in the Affordable Care Act and to achieve associated incentives and benefits for their practice.”
NextGen(R) Ambulatory EHR version 5.8 is ONC 2014 Edition certified as a Complete EHR. Using NextGen Ambulatory EHR version 5.8 and the clinical content (NextGen(R) KBM) version 8.3 allows for providers to meet the 2014 government mandates for meaningful use in 2014 and ICD-10 compliance in 2015.
About NextGen Healthcare
NextGen Healthcare Information Systems, LLC, a wholly owned subsidiary of Quality Systems, Inc., provides integrated clinical, connectivity and financial solutions, including revenue cycle management services 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, Facebook at http://www.facebook.com/NextGenHealthcare or LinkedIn at http://www.linkedin.com/company/nextgen-healthcare-information-systems.
Certain statements in this news release are forward-looking statements within the meaning of the federal securities laws, including but not limited to those statements made by Michael Lovett related to the SGR, ICD-10, and developments and trends in the healthcare industry. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results could vary materially from the Company’s expectations and projections. Factors that could cause the anticipated results to differ from those described in the forward-looking statements include the possibility that products will not achieve or sustain market acceptance; the impact of incentive payments under The American Recovery and Reinvestment Act on sales and the ability of the Company to meet continued certification requirements; 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 our software; changing economic, political or regulatory influences in the healthcare industry; 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; and general economic conditions. Additional risks and uncertainties are set forth in the Company’s public filings with the U.S. Securities and Exchange Commission, including the discussion under the heading “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. The Company expressly disclaims any intent or obligation to update these forward-looking statements except as required by law.
(c) 2014 Quality Systems, Inc., Irvine, CA 92612
(R) marks owned by Quality Systems, Inc.
All other non-QSI Marks are the property of their respective owners.
CONTACT: NextGen Healthcare
Michelle Rovner, 215-657-7010
mrovner@nextgen.com
