Quality Systems, Inc. (NASDAQ:QSII)

CAPS Rating: 4 out of 5

The Company develops and markets healthcare information systems that automate aspects of medical and dental practices, networks of practices and management service organizations, ambulatory care centers, medical and dental schools.

Recs

16
Player Avatar nutdoctor (58.16) Submitted: 3/31/2007 12:38:13 PM : Underperform Start Price: $16.38 QSII Score: +53.40

Our clinic had almost decided to go with Nextgen until they gave us a demo that was so bad that we stopped right there and are reevaluating the whole process. EMRs can be both boon and boondoggle. I know of some medical practices that have taken a 30% or more loss to their bottom line with EMR. Because of the use of templates in the software programs that require doctors to click on irrelevant factors regarding a patient's visit in order to satisfy billing coding requirements (i.e. upcoding the visit to a higher cost) the insurance companies are now seeing that they need to ratchet down their payments for these codes -- they have created their own monster. Also, these templates create medical records that are filled with useless unnecessary information, are idiotic to read, and not very useful to other doctors -- a big problem.
I am not surprised to hear that Nextgen is losing customers and that the company president sold all his own stock in his company. Are lawsuits on the horizon?

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Member Avatar phoenixsilver (46.13) Submitted: 6/19/2007 5:29:46 PM
Recs: 0

So is there a better product your clinic is evaluating by chance? Its hard to argue with the growth of this company but I understand your negatives. I work in IT so I know what overbloated and useless software is like (Vista anyone?).

Member Avatar GAME05 (88.17) Submitted: 8/20/2007 4:29:43 PM
Recs: 0

Yes, Epic. See my bear pitch.
Buying nextgen is like buying a crappy 1990 Geo Metro for a few grand, versus buying Epic is like buying a nice new Acura for a lot more. The big hospitals and clinics sign big contracts with big money, and they are going with Epic because they have the money to buy a quality product with quality service. You get what you pay for. The best hospitals and clinics stay the best by partnering with firms on the cutting edge.

Member Avatar DaveMcC3300 (< 20) Submitted: 10/24/2007 3:38:09 PM
Recs: 0

Epic, ey?

It's privately held. Tell us what you think of Quality Systems, Inc. ...as a product or as an investment.

Dave

Member Avatar nutdoctor (58.16) Submitted: 3/26/2008 10:55:10 PM
Recs: 1

At this point, after thorough evaluation, we are going with Allscrips system and also think that the GE system is very good.

Member Avatar braindoc123 (< 20) Submitted: 11/2/2008 10:30:38 AM
Recs: 1

Doctor, how is your Allscripts implementation going being 7 months into it?

Member Avatar desertr0se100 (< 20) Submitted: 1/8/2010 1:49:29 PM
Recs: 0

I've worked in Healthcare IT for 20+ years and held QSII since 2003. You can't say this isn't a great run company. Trinity Health is putting it in 44 acute care hospitals, 379 outpatient facilities, 33 long-term care facilities, and numerous home health and hospice programs. Seems to me that someone likes this software.

Member Avatar desertr0se100 (< 20) Submitted: 1/8/2010 1:52:56 PM
Recs: 1

I invested $3000 in QSII in 2003. The account is now worth $27000. I recently invested $5000 more in this company.

Member Avatar blp317 (< 20) Submitted: 8/26/2010 10:51:01 PM
Recs: 0

nutdoctor is such a perfect name for someone who chose allscripts over nextgen. Good luck with that. If your IT team could not customize the templates in nextgen for fast smooth processing than maybe the problem lies elsewhere.

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