Quality Systems

Quality Systems, Inc.
Public
Traded as NASDAQ: QSII
S&P 600 Component
Industry Technology, Healthcare information services
Founded 1974
Headquarters Irvine, California, United States
Key people

Rusty Frantz
(Chief Executive Officer, President and Director)
John K. Stumpf
(Interim Chief Financial Officer and Principal Accounting Officer)

Daniel J. Morefield
(Chief Operating Officer) (Dec 31, 2013)
Revenue $ 440.76M (Dec 31, 2013)
Number of employees
 2,295
Website www.qsii.com

Quality Systems, Inc. (NASDAQ:QSII) was set up on April 24, 1974 and is now based in Irvine, California, marketing on the healthcare information systems and connectivity solutions in the United States. There are four divisions operating in the company, namely QSI Dental, NextGen, Hospital Solutions, and Revenue Cycle Management (RCM) Services. Systems of the company can manage the patient information efficiently, which help the patients to redesign patient care and other workflow processes. On April 15, 2012, it acquired Matrix Management Solutions, LLC (Matrix). In September 2013, it acquired Mirth Corporation.[1][2]. QSII is now commercially known as NextGen Healthcare Information Systems [3].

Products and services

The QSI Dental division provides software suites (web-based), electronic data interchange (EDI) services for dental organizations to dental practices. The NextGen division provides solutions for ambulatory and dental organizations, including Nextgen Ambulatory EHR product suite, NextPen, and NextGen Community Connectivity products. The two divisions’ software could automate patient records in community health centers and hospital settings. The Hospital Solutions division provides financial management and billing software for rural and community hospitals, and revenue cycle management for the small and specialty hospital. This division also provides clinical offerings like clinical documentation and computerized physician order entry. The RCM Services division provides billing and collections, electronic claims submission and remittance, and expertise and support services.[4]

Research and development

In September 2013, QSI acquired Mirth [5] which is later rebranded to NextgenConnect.

In January 2014, NextGen Healthcare Information Systems announced that Ambulatory EHR version 5.8 solution had reached the ICD-10 standards. In March 2013, The company as an electronic health record provider, won the ONC-HIT 2014 Edition certification.[6]

In January 2014, Inovalon, Inc. reached a multi-year agreement with NextGen to integrate Inovalon's data analytics with NextGen Share. After the integration, users could exchange clinical data and referrals without leaving their electronic health record system through the platform even without any onsite clinical resources.[7]

In August 2014, Nextgen Share direct health messaging platform receives full accreditation from EHNAC [8]

In 2015, QSI acquired MediTouch, a mobile EHR, while their current mobile EHR solution at the time, Nextgen Go pivoted to become a population health tool[9]

Controversies

In November, 2013, a class action was filed against the company, for issuing false and misleading press releases, financial statements during the Class Period.[10]

References

  1. ↑ "Business Summary".
  2. ↑ "SEC Fillings NOTES TO CONSOLIDATED FINANCIAL STATEMENTS & Management Overview".
  3. ↑ https://www.marketwatch.com/press-release/quality-systems-inc-changes-name-to-nextgen-healthcare-inc-2018-09-07
  4. ↑ "Company Full Description".
  5. ↑ https://histalk2.com/2013/09/09/quality-systemsnextgen-acquires-mirth
  6. ↑ "NextGen Healthcare Empowers Providers for Successful ICD-10 Transition".
  7. ↑ "Inovalon and NextGen Healthcare Partner to Connect Advanced Analytics With The Point Of Care".
  8. ↑ https://www.businesswire.com/news/home/20140825005093/en/NextGen-Healthcares-NextGen-Share-Receives-Full-DirectTrust
  9. ↑ https://www.mobihealthnews.com/48138/quality-systems-spends-165-million-to-acquire-healthfusion-and-its-mobile-ehr-meditouch
  10. ↑ "Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Quality Systems Inc".
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