-The Company also has a 78% Market Share in the ASP EMR market under the New EMR Adoption Program
MARKHAM, ON, Jan. 12, 2012 /CNW/ - Nightingale Informatix Corporation (TSX-V: NGH) "Nightingale" or "Company", an application service provider (ASP) of electronic medical record (EMR) software and related services announced today that it has become the #1 ranked Funded EMR in Ontario's New EMR Adoption Program, according to OntarioMD's Vendor Market Share Rankings (www.emradvisor.ca/compare). Nightingale On Demand is now the leading EMR vendor with a 23% market share and continues its reign as the leading ASP provider with 78% market share in Ontario's New EMR Adoption Program.
The Vendor Market Share Rank represents the rank of all Funding Eligible EMR vendors in the province of Ontario. It is based on the number of physicians under the OntarioMD EMR Funding Program who have selected a specific Funding Eligible EMR Offering. "2011 finished strong and 2012 is off to an excellent start," says Sam Chebib, President and CEO of Nightingale. "Our increase in market share is a testament to the hard work and dedication of our employees who build and support the best and most user friendly web based EMR product in Canada. Nightingale launched its Brand Promise, "the Nightingale Promise" two years ago to provide superior customer experience, a new industry standard, to our community of customers. We are confident that 2012 will provide more opportunities to capitalize on this growing customer base."
"We chose Nightingale for a number of reasons," says Dr. David Sedran of the North Toronto Family Health Organization. "For one, we were impressed by their uncompromising commitment to customer service. They were quick to respond to our queries, and always had an excellent rapport with my team. Secondly, Nightingale had an outstanding reputation among my peers in the healthcare community, and that was evident in their professional demeanor. We look forward to our future with Nightingale."
Nightingale has seen a great deal of growth in recent years as providers of various disciplines (from specialists to family physicians, to interprofessional healthcare providers) seek out EMR solutions that can be tailored to their specific needs. Nightingale's cloud-based EMR gives the user more freedom to practice how they want; promoting a more user-friendly experience that is complementary to their workflow.
About Nightingale Informatix Corporation (www.nightingalemd.com)
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) and patient portals 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.
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.
Equicom, a TMX Group Company
Tel: 416.815.0700 ext. 273