|By Business Wire||
|January 7, 2013 05:00 AM EST||
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, announced today it has entered into a strategic agreement with Medline Industries, Inc., the nation's largest privately held manufacturer and distributor of healthcare products to hospitals, extended care facilities, surgery centers, physician offices and home care organizations.
Under the agreement, Medline’s national medical sales force of more than 1,100 representatives will work with NextGen Healthcare to co-market NextGen® solutions to Medline’s customer base comprised of more than 100,000 locations consisting of physician practices and hospitals and other healthcare facilities. Medline will also work with its medical device and productivity partners to encourage them to combine their solutions with NextGen® Ambulatory EHR, to provide a fully-integrated, quality patient experience that helps drive the bottom line performance of Medline’s physician clients.
The alliance also identifies Medline as the preferred provider of medical supplies for the NextGen® Preferred Provider Advantage purchasing program. This online program is a value-added service to the NextGen Healthcare customer base that enables clients to purchase their medical supplies, equipment, and pharmaceuticals at a discounted rate.
Medline and NextGen Healthcare both provide high-value, cost-effective products and services that enable better quality care,” said Bob Ortiz, Medline’s vice president of sales for physician offices. “Adding NextGen® solutions to our more than 125,000 medical products, supplies, equipment and services, makes Medline a true one-stop provider for all physician practices and hospitals.”
“NextGen Healthcare’s extensive portfolio, coupled with Medline’s quality products and services, enhances an organization’s ability to reduce costs while providing improved patient care,” said Michael Paquin, vice president of business development for NextGen Healthcare. "Leveraging one another’s organizational strengths allows us to provide products and services to healthcare organizations at cost-effective rates while helping to increase the adoption of healthcare information technology across practices and hospitals."
As the nation's largest privately held manufacturer and distributor of healthcare products, Mundelein, Ill.-based Medline manufactures and distributes more than 125,000 products to hospitals, extended care facilities, surgery centers, physician offices and home care dealers. Medline boasts more than 1,100 dedicated sales representatives nationwide to support its broad product line and cost management services. For more information, please visit www.medline.com
About NextGen Healthcare
NextGen Healthcare Information Systems, LLC, 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, Facebook at http://www.facebook.com/NextGenHealthcare or LinkedIn at http://www.linkedin.com/company/nextgen-healthcare-information-systems.
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.
Copyright © 2013 NextGen Healthcare Information Systems, LLC. All rights reserved.
NextGen is either a registered trademark or trademark of QSI Management, LLC, an affiliate of NextGen Healthcare Information Systems, LLC. All other names and marks are property of their respective owners. Patent pending.
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