$61.94
-0.05 (-0.08%)
Quality Systems, Inc. (QSII)
CAPS Rating:
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.
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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?
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?).
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.
Epic, ey?
It's privately held. Tell us what you think of Quality Systems, Inc. ...as a product or as an investment.
Dave
At this point, after thorough evaluation, we are going with Allscrips system and also think that the GE system is very good.
Doctor, how is your Allscripts implementation going being 7 months into it?