Nightingale Signs Agreement with AIM Health Group, One of Canada's Leading Healthcare Providers
Company's enterprise EMR and business management solution, Nightingale On Demand, to support 150 healthcare professionals across Canada
MARKHAM, ON, Aug. 12 /CNW/ - Nightingale Informatix Corporation (TSX-V: NGH) ("Nightingale" or the "Company"), an application service provider (ASP) of electronic medical record (EMR) software and related services today announces that it has signed a five-year agreement with the AIM Health Group (TSX-V: AHG) ("AIM") to provide AIM's family practice, walk-in and pain management clinics with Nightingale On Demand, the Company's enterprise EMR and practice management solution.
"This contract win is a testament to the unique capabilities and functionality of our enterprise EMR and practice management solution," said Sam Chebib, President & CEO of Nightingale. "The Canadian enterprise healthcare industry continues to represent a sizable opportunity for us, and we believe partnering with leading player, AIM, significantly strengthens our market position. We look forward to working with the AIM team to help them set a new standard for the delivery of healthcare in Canada."
AIM Health Group, which operates the largest independently owned and operated group of medically-based Health and Wellness Centres in Ontario, has selected Nightingale On Demand as its exclusive practice management and EMR provider. Through this agreement, Nightingale will support AIM's 150 healthcare professionals who conduct more than 1.5 million patient visits across its clinics each year. Patients will also be offered Nightingale's integrated patient portal, which provides them access to their personal health record (PHR) acting as a health management tool.
"We are committed to maintaining a patient-centric continuum of care whereby our patients' health information is shared seamlessly by all of our healthcare providers," said Dr. Lu Barbuto, CEO of AIM Health Group. "With our providers being actively involved with patients, addressing a range of issues related to prevention as well as illness, it was critical to us to find a secure, web-based solution capable of enhancing our business and clinical operations. Nightingale On Demand, with its integrated patient portal, is a building block for AIM to leverage technology to service a broader health consumer market and to serve as a platform for data mining to facilitate an even higher level of patient care. Implementing the Nightingale On Demand solution across all of our clinics is an important step in strengthening our position as Canada's leader in community-based outpatient healthcare. We believe it will deliver tangible cost efficiencies, enhance our patient services and enable us to provide added value for preventative care."
Nightingale On Demand is a true web-native system that offers enterprise-wide, fully automated practice management capabilities for billing, scheduling and other administrative functions necessary for managing a full spectrum of patient care. The Nightingale solution is eligible for funding for qualified Ontario physicians that are part of the AIM Group. AIM Healthcare Centres deliver services through a combined public and private structure. The centralized practice management capabilities with Nightingale On Demand will enable AIM to efficiently manage both private billings and services covered by provincial health agencies that are delivered across all clinics.
AIM will realize further cost efficiencies with Nightingale's ASP practice management and EMR system that would not be possible with a local client server (LCS) solution. Access to Nightingale On Demand requires only an internet connection and therefore does not require the costly installation of servers at each clinic location. The web-native solution also provides a seamless exchange of information among healthcare providers and staff across all clinics. Nightingale also guarantees unlimited 24-hour support, meaning that internal client resources are not necessary to manage IT issues. Further, AIM will receive system updates and file backups at no additional cost; as such each clinic will always operate on the most current version of Nightingale On Demand.
Under the terms of the five-year agreement, AIM will pay for all training and implementation services and an agreed upon variable monthly transaction fee measured by the number of patient visits.
About AIM Health Group
AIM is a leading Canadian health care services provider. Incorporated in 1990, AIM provides health care consumers with an entire continuum of care at facilities across Canada. AIM is a public company, listed on the TSX Venture Exchange under the symbol AHG.
AIM Health Group is a fully integrated health care company that provides comprehensive health care services and solutions for patients, health care providers, corporate clients concerned about occupational health, hospitals and other institutional providers of health care and pharmaceutical companies. AIM Health Group provides services to individuals that are ill, injured, or disabled, and to individuals requiring life style interventions to improve their quality of life (wellness). This philosophy translates into a continuum of health delivery where the individual's health care is integrated with the various service providers through a complex public-private delivery model. This continuum of care model is the core concept of AIM Health Group's integrated service and delivered within the community based AIM Health and Wellness Centres.
About Nightingale Informatix Corporation
Nightingale is one of the fastest growing health care service and software companies in North America. It is recognized as an industry leader in Web-based (ASP) clinician and community based electronic medical records (EMR) serving the needs of small primary care practices, multi-physician outpatient clinics, and large scale regional health organizations and networks. Coupled with integrated practice management, transcription and revenue cycle management, Nightingale's comprehensive service offering allows customers to enhance patient care, increase revenue opportunities and optimize operations. Nightingale is continuously innovating and enhancing its services to meet the needs of its growing and diverse customer base. Nightingale - Healthcare connected. www.nightingale.md.
Forward Looking Statement
This press release contains "forward-looking statements" respecting the issuance and cancellation of securities of the Company within the meaning of applicable Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward- looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Nightingale to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the speculative nature of the medical software industry, which is affected by numerous factors beyond Nightingale's control; the ability of Nightingale to successfully integrate its acquisitions and any liabilities arising as a result of such acquisitions, access to capital and agreements with its Lenders; the existence of present and possible future government regulation; access to debt or equity financing and agreements with its Lenders; the significant and increasing competition that exists in the medical software industry; the early stage of Nightingale's business; and therefore it is subject to the risks associated with early stage companies, including uncertainty of revenues, markets and profitability and the need to raise additional funding. All material assumptions used in making forward-looking statements are based on management's knowledge of current business conditions and expectations of future business conditions and trends. Although management believes the assumptions used to make such statements are reasonable at this time, our assumptions may not to be as anticipated, estimated or intended. Certain material factors or assumptions applied by management in making forward-looking statements, include without limitation, factors and assumptions regarding Nightingale's continued ability to fund its business, rates of customer defaults, relationships with, and payments to, lenders, demand for Nightingale's products, as well as Nightingale's operating cost structure.
Although Nightingale has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Nightingale does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws. Further information on Nightingale Informatix Corporation is available at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.For further information: Kristen Dickson, M.Sc., Account Executive, Equicom, a TMX Group Company, 416.815.0700 ext. 273, email@example.com; Dr. Lu Barbuto, President and Chief Executive Officer, or Greg Van Staveren, Chief Financial Officer, AIM Health Group Inc., 905-475-3353