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QSII Subsidiary Launches Patient Portal

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NextGen Healthcare Information Systems, LLC, a subsidiary of Quality Systems Inc. (QSII - Free Report) , launched the new NextGen Patient Portal that provides an interactive care between the patients and medical practitioners by facilitating electronic communication and clinical data exchange.

With the help of the Portal, physicians will be able to interact with patients online and import structured data directly into the NextGen Ambulatory Electronic Health record (HER) system. The platform will also be available in Spanish and two dialects of Chinese apart from English, enabling to cover a diverse range of population.

The new Patient Portal can also provide electronic copy of health information, including diagnostic test results, problem lists, medication lists and allergies on the request of patients. Further, it can coordinate patient appointments, manage chronic conditions, and exchange information such as forms, documents, updates, and emails.

Healthcare providers have become increasingly aware of the Patient portals due to mandates set by Stage 2 Meaningful Use for ensuring to provide more than 50% patients with online access to their health information and at least 5%t with facilities for viewing, downloading or transmitting health information to a third party.

Recently, another medical information systems provider Allscripts Healthcare Solutions’ (MDRX - Free Report) launched its Sunrise Clinical Manager (SCM) Electronic Health Record (EHR) system in South Australia’s Noarlunga Hospital.

Allscripts Healthcare Solutions’ launch involved more than 100 clinical and administrative staff at the hospital. The integrated single platform Sunrise Clinical Manager EHR system will help them electronically access patient information at the bedside and throughout the hospital.

Quality Systems reported first-quarter fiscal 2014 (ended Jun 30) earnings per share of 22 cents, down 15.4% year over year. However, earnings were in line with the Zacks Consensus Estimate. Net income declined 16.8% in the quarter to $12.9 million. Revenues decreased 7% year over year to $109.5 million in the first quarter. The company’s revenues also missed the Zacks Consensus Estimate of $116 million.

Currently, QSII carries a Zacks Rank #3 (Hold). While we remain on the sidelines about the stock, medical information services provider Medidata Solutions (MDSO - Free Report) , carrying a Zacks Rank #2 (Buy), is worth considering as well as Alere Inc. in the medical products industry with a Zacks Rank #1 (Strong Buy).

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