Quality Systems, Inc. Announces Transition of Technology Function Leadership
August 17 2015 - 4:00AM
Business Wire
Quality Systems, Inc. (NASDAQ: QSII), a leading provider of
healthcare information systems, services, and connectivity
solutions, today announced a transition in its technology
leadership.
Steve Puckett, Executive Vice President and Chief Technology
Officer, has resigned by mutual agreement with the Company.
Responsibility for the Company’s technology functions has
immediately moved to Daniel J. Morefield, Executive Vice President
and Chief Operating Officer of the Company. Mr. Puckett will remain
with the Company until November 13, 2015 to support a smooth
transition. The Company will use this transitional opportunity to
evaluate how to best structure its technology functions going
forward, and also examine the prioritization, timing and
application of investment and resources in its ongoing and
contemplated technology development initiatives.
Rusty Frantz, President and Chief Executive Officer of Quality
Systems, Inc., said, “Since joining the Company in July, I continue
to take a detailed, fresh look at our technology initiatives in the
context of what will be best for our customers in a dynamic
healthcare environment that increasingly demands value-based care
delivery, coordinated care and patient engagement. Positioning our
customers with strong solutions to accomplish the transition to
these changes also best positions Quality Systems for a strong
future.”
About Quality Systems,
Inc.
Irvine, Calif.-based Quality Systems, Inc. and its NextGen
Healthcare subsidiary develop and market computer-based practice
management, electronic health records and revenue cycle management
applications as well as connectivity products and services for
medical and dental group practices and small hospitals. Visit
www.qsii.com and www.nextgen.com for additional information.
SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements within
the meaning of the federal securities laws, including but not
limited to, statements regarding future events, developments in the
healthcare sector and regulatory framework, the Company's future
performance, as well as management's expectations, beliefs,
intentions, plans, estimates or projections relating to the future.
Risks and uncertainties exist that may cause the results to differ
materially from those set forth in these forward-looking
statements. Factors that could cause the anticipated results to
differ from those described in the forward-looking statements and
additional risks and uncertainties are set forth in Part I, Item A
of our most recent Annual Report on Form 10-K for the fiscal year
ended March 31, 2015, including but not limited to: the volume and
timing of systems sales and installations; length of sales cycles
and the installation process; the possibility that products will
not achieve or sustain market acceptance; seasonal patterns of
sales and customer buying behavior; 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 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; changes of
accounting estimates and assumptions used to prepare the prior
periods' financial statements; and general economic conditions. A
significant portion of the Company's quarterly sales of software
product licenses and computer hardware is concluded in the last
month of a 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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version on businesswire.com: http://www.businesswire.com/news/home/20150817005310/en/
Quality Systems, Inc.Susan J.
Lewis954-389-3700slewis@qsii.com
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