Recently, NextGen Healthcare Information Systems, a subsidiary
), entered into an agreement with healthcare software solutions
provider Clinical Architecture for its terminology integration
architecture. The use of Clinical Architecture's Symedical Server
will boost the company's NextGen Hospital Solutions suite.
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The Symedical Server is a software architecture that is capable
of managing terminology standards in healthcare. With the use of
this software, the NextGen Healthcare Solutions suite will be
able to meet the interoperability requirements for Meaningful Use
Stage 2 (MU2) criteria and the ICD-10 conversion. Further, the
collaboration has led to the development of a terminology
management platform to cater to future terminology requirements.
Earlier, NextGen Healthcare Information Systems had collaborated
with Florida Blue, the region's largest health insurer and
Availity, a health information network to provide enhanced
collaborative coordinated care. QSII's NextGen Ambulatory EHR
system will be used to exchange patient-related clinical
information between providers and payers to mitigate potential
gaps in care giving.
QSII has a Zacks Rank #3 (Hold). The company's core Systems
business continues to face significant headwinds but the rate of
decline seems to have eased somewhat. Despite the positive such
as improving pipeline growth, lead generation and lower operating
expenses, management needs to address several operational issues
to bring the Quality Systems back on track.
Moreover, competition is intense from well regarded players such
). Price discounting is frequent, particularly at the lower end,
and Software as a Service (SaaS) based model appears to have
exacerbated pricing pressure. While fresh projects have shrunk in
number, the replacement market is growing.
While we remain on the sidelines regarding QSII, medical
information services provider
), carrying a Zacks Rank #2 (Buy), is worth considering.