Companies to further collaborate on Electronic Medical Records, Practice Management and Claims Processing technologies to continue providing leading-edge solutions to healthcare clients across the US.
MARKHAM, ON, Sept. 12, 2013 /CNW/ - Nightingale Informatix Corporation (TSX-V: NGH) a provider of cloud-based electronic medical record (EMR) software and related services and Netsmart Technologies a leading provider of clinical solutions for health and human services organizations nationwide, today announced plans for expanding their strategic partnership which began in 2008.
This partnership expansion will include investment in deeper integration across the product lines of both companies, joint sales and marketing efforts in the United States as well as collaboration on new products and services for behavioral health and other health and human services provider organizations.
Nightingale provides claims processing software and claims adjudication to 4,000 Netsmart clients. These clients benefit from simplified and expedited claims reimbursements. In the first phase of the expanded partnership, Nightingale will add new features to its claims solutions that Netsmart clients have requested. Netsmart and Nightingale will also be embarking on new sales and marketing initiative aimed at expansion within Netsmart's existing client base as well as growth in new markets.
"Netsmart has always been an important and strategic partner for Nightingale," says Sam Chebib, President & CEO of Nightingale. "We have worked diligently to ensure that our solutions provide the features, functions and results that our mutual clients expect. This work has resulted in a fruitful and successful partnership. Our team is now ready to work together to grow beyond the 4,000 providers that we currently serve, to Netsmart's 22,000 clients representing 350,000 providers. This expanded relationship furthers our strategic objective of growing and strengthening our recurring revenue. We are excited to work with Netsmart and together we are confident that we can deliver innovative solutions to a wider and more diverse audience of healthcare providers in the US."
"This expansion represents a new chapter in our relationship - one that we expect will lead to new solutions and additional unique benefits to our clients," said Michael Valentine, Chief Executive Officer, Netsmart. "Our clients expect solutions that incorporate the latest proven technologies and help their organizations improve operational efficiencies. Our partnership with Nightingale has delivered on both fronts."
Nightingale is one of the fastest growing health care service and software companies in North America and 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. 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.nightingalemd.ca
Netsmart is committed to helping health and human services providers deliver effective, recovery-based care with Netsmart CareFabric™, a tightly woven framework of innovative clinical and business solutions and services that supports integrated, coordinated delivery of health services across the spectrum of care. More than 22,000 client organizations, including 350,000 care providers and more than 40 state systems use Netsmart products to help improve the quality of life for tens of millions of people each year. Netsmart clients include mental health and substance use treatment agencies, psychiatric hospitals, private and group mental health practices, public health departments, social services and child and family health agencies, vital records offices, and managed care organizations.
Forward Looking Statement
This press release contains "forward-looking statements" respecting the issuance and cancellation of securities of Nightingale 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", "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", "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 secure customer contracts and the timing of securing such contracts; the ability of Nightingale to complete and successfully integrate its acquisitions on an accretive basis, Nightingale's access to debt and capital facilities, including compliance with current debt arrangements; the existence of present and possible future government regulation; the significant competition that exists in the medical software industry; the early stage of Nightingale's business, and 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. Certain material factors or assumptions applied by management in making forward-looking statements, include without limitation, factors and assumptions regarding future trends in healthcare spending, economic conditions affecting Nightingale and North American economies; Nightingale's ability to continue to fund its business, rates of customer defaults, relationships with, and payments to lenders, 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.
SOURCE: Nightingale Informatix Corporation
For further information:
For further information about Nightingale, contact:
Corporate Marketing Manager
Nightingale Informatix Corporation
Senior Account Executive,
Tel: 416-815-0700 ext. 248
For further information about Netsmart, contact:
Tel: 614-764-0143 x7252