Quality Systems sees double-digit gains in Q2

Justine Varieur Cadet | | Health Imaging | Artificial Intelligence
Quality Systems, the parent company of EHR developer NextGen Healthcare, has reported double-digit gains for net income and net reviews among results of operations for its fiscal 2011 second quarter, which ended Sept. 30.

The company reported record net revenues of $81.5 million for the fiscal 2011 second quarter, an increase of 14 percent from $71.7 million in the comparable period last year.

The Irvine, Calif.-based Quality Systems also reported net income of $13.4 million for 2011 second quarter, a 14 percent increase when compared with $11.8 million in net income for the same period last year.

“Now that we have met both meaningful use and Certification Commission for Healthcare Information Technology (CCHIT) standards, we believe our ... product and service offering will bode well for those physicians and hospitals seeking to transition to EHR and help to optimize shareholder value as we enter year one of the five-year stimulus plan,” said Steven T. Plochocki, Quality Systems’ chief executive officer.

Justine Varieur Cadet

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