Nightingale announces gains in hosted electronic medical records sales as government healthcare stimulus starts taking shape



    MARKHAM, ON, April 2 /CNW/ - Building on its market leadership position
in hosted (ASP) electronic medical records (EMR), Nightingale Informatix
Corporation (TSX-V: NGH), today announced that during the fourth quarter of
fiscal 2009, the company signed 148 new EMR licenses and generated over $1.2
million in new business to customers in Canada and the US. This success comes
at a critical time when the health care IT industry in North America has
become the focus of significant government investment, particularly in the
area of electronic medical records technology.
    "This kind of growth is encouraging at this time," said Sam Chebib,
President of Nightingale. "Our strengthening performance shows that doctors
are turning to Nightingale and our hosted EMR just as the major healthcare
stimulus packages are taking shape. The level of commitment from both the U.S.
and Canadian governments can be seen as a major catalyst for the industry and
we are optimistic that this will have a direct positive impact on our market
and financial performance in the coming years."
    North American governments are recognizing the value of electronic
medical records as a way to improve their healthcare systems while infusing
their economies. These are considered strategic projects that will reduce
costs and improve healthcare while investing in the new economies of the
technology sector. For the first time, the US federal government is taking
significant steps to drive general adoption by physicians. In Canada
investment is providing a boost to existing provincial programs with the
similar goals to those of their southern neighbours.
    In the United States, where Nightingale has a broad base of existing
customers, the American Recovery and Reinvestment Act will invest US $19.2
billion to support the adoption of health information technology. This
economic stimulus will provide up to $44,000 in incentive payments to
physicians distributed under Medicare and Medicaid. The goal of the Act is for
every American to have an electronic health record by 2014. Nightingale On
Demand EMR is CCHIT 2007 certified.
    The Act stipulates that the specific structure of these plans, in terms
of eligibility of physicians and vendors, will be determined by the end of
2009. Doctors will need to be fully operational in order to take advantage of
the funding available to them so they are being encouraged to adopt early. In
addition funding will begin to decline in total value each year once the money
becomes available.
    Canadian governments are also focused on driving adoption of electronic
medical records. As part of its $30 billion budget plan to stimulate the
economy, the Canadian government pledged $500 million to support Canada Health
Infoway in its efforts to implement a pan-Canadian electronic health record.
eHealth Ontario through OntarioMD, with which Nightingale is one of only three
funded ASP vendors, plans to reach 65% adoption by physicians in the province
by 2012.
    In addition to its customer base in almost every province and territory,
Nightingale has significant relationships with many larger customers including
the province of Nova Scotia, OntarioMD, Mount Sinai Hospital, and many other
large academic teaching hospitals and institutions.
    Nightingale On Demand is a full featured EMR and practice management
system that automates clinical activities such as documenting patient care,
prescription writing, lab orders and results and scheduling and billing of
patient appointments. It is used by thousands of providers across North
America offering customers improved efficiency while providing tools that help
to provide a higher level of patient care.

    About Nightingale

    Nightingale is one of the fastest growing health care service and
software companies in North America with over 5.3 million patient records
under management in a hosted (ASP) environment. It is recognized as an
industry leader in Web-based 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" 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 the
speculative nature of the medical software industry, which is affected by
numerous factors beyond Nightingale's control; the existence of present and
possible future government regulation; 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.
    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

    
    The TSX Venture Exchange Inc. has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.
    

    %SEDAR: 00022709E




For further information:

For further information: Media: Alan Kriss, Vice President, Marketing,
(905) 307-6863, akriss@nightingale.md; Investors: Michael Ford, Chief
Financial Officer, (905) 307-7870, mford@nightingale.md

Organization Profile

Nightingale Informatix Corporation

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890