Company's web-native (ASP) EMR and practice management solution, Nightingale On Demand, continues to gain momentum as a market leader
MARKHAM, ON, July 8 /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 agreements for the deployment of more than 200 EMR seats for the Nightingale On Demand EMR and practice management solution were signed with healthcare providers across Canada in the first quarter of fiscal year 2011, ended June 30. Of these agreements, a substantial number were signed in Ontario and are being supported through OntarioMD's EMR implementation funding program.
"The Canadian EMR market is starting to unfold as we expected," said Sam Chebib, President and CEO, Nightingale. "Government funding has come available and more physicians are seeking the enhanced level of operational efficiency and effectiveness EMRs offer, driving a notable increase in EMR adoption over recent months. As a result, our fiscal 2011 customer sign-ups are off to a strong start."
Mr. Chebib continued: "We expect our sales to gain momentum through the remainder of the fiscal year. Our web-native solution is increasingly being recognized by physicians across Canada as a leading EMR and practice management solution. We will continue to devote the necessary resources to capture further market share in Canada, particularly by working to grow our customer base in our target geographic regions: Ontario, the Maritimes and Saskatchewan."
Among the agreements signed, significant partnerships were established with family health groups and family health organizations in Oakville, ON including the North Oakville Family Health Group, and the Oakville Medical Centre. The web-native platform of Nightingale On Demand was a critical factor to the selection process, as it provides unique capabilities that will meet their specific needs.
"With 11 sites across Oakville, our physicians recognize the value of Nightingale's web-based platform," said Dr. Roderick Kerr, lead physician for the North Oakville FHG. "We need an online solution that allows us to interface with one of our local hospitals and Nightingale is the only provider with the capabilities to deliver this. Meeting this need gives us the confidence that Nightingale is truly a leading EMR provider."
Dr. Judith Levasseur, lead physician at the Oakville Medical Centre, echoes Dr. Kerr in agreeing that the web-based capabilities of Nightingale On Demand meet the needs of her practice, including an interface connection to another local healthcare organization.
"We have several reasons for selecting the Nightingale On Demand EMR, but the benefits we will gain from it being an online solution were absolutely critical to our selection process," said Dr. Levasseur. "A key benefit will be establishing a secure, web-based interface connection with a local healthcare organization, which also supports our goal to reduce paper-based communications in all areas of our practice. When you add up the advantages that stem from Nightingale's EMR being web-based, you'll start to see where efficiencies can be created, which ultimately allows more time to focus on patient care."
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.nightingalemd.ca
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.
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: Alan Kriss, VP Marketing, Nightingale Informatix Corporation, Tel: 905-307-6863, firstname.lastname@example.org