IRVINE, Calif.--(BUSINESS WIRE)--Quality Systems, Inc. (NASDAQ: QSII), a developer of healthcare information systems for automating medical and dental practices as well as small hospitals, announced today that its Chairman of the Board, Sheldon Razin, was named a Director of the Year in the 16th Annual FCD Director of the Year Awards, sponsored by the Forum for Corporate Directors (Orange County).
Founded in 1991, the Forum for Corporate Directors is a non-profit business organization committed to increasing the effectiveness of directors, CEOs and senior level executives by anticipating important issues facing companies in today’s global economy and presenting peer-to-peer forums to share ideas and key strategies.
Razin was recognized for his contributions to Quality Systems, the company he founded in 1973. Today, the company has emerged a leader in the healthcare information technology sector (HCIT) through its provision of electronic-based medical and dental software, including, among others, electronic health records, practice management solutions and revenue cycle management applications.
“We are extremely proud of Shelly’s accomplishments over the past 38 years. Back in the early 1970s, he had a vision for automating medical practices, and is considered one of the pioneers in HCIT. We thank the Forum for Corporate Directors for acknowledging Shelly’s accomplishments as the visionary for the company as well as his contributions to the Board of Directors. This is an esteemed honor for both Shelly and the entire Quality Systems team,” said Steven T. Plochocki, chief executive officer.
The award was recently bestowed on Razin during a banquet held at the Ritz-Carlton, Laguna Niguel in Orange County, Calif.
Razin, a resident of Laguna Beach, Calif., was a winner in the software category of TechAmerica’s 52nd annual Innovator Awards (in 2010), which honors eight innovators representing different industry segments for their contributions to the technology industry. He was also named 2009 Entrepreneur of the Year in Ernst & Young’s annual awards program, which pays tribute to entrepreneurs. Additionally, he is the recipient of the Entrepreneur in Excellence award from the Orange County Business Journal in 2009, which also recognizes the successes of entrepreneurs. Razin holds a Bachelor of Science degree in mathematics from the Massachusetts Institute of Technology.
About Quality Systems, Inc.
Irvine, Calif.-based Quality Systems, Inc. and its NextGen Healthcare subsidiary develop and market computer-based practice management, electronic health records and revenue cycle management applications as well as connectivity products and services for medical and dental group practices and small hospitals. Visit www.qsii.com and www.nextgen.com for additional information.
SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements within the meaning of the federal securities laws. Statements regarding future events, developments, the Company's future performance, as well as management's expectations, beliefs, intentions, plans, estimates or projections relating to the future (including, without limitation, statements concerning revenue and net income), are forward-looking statements within the meaning of these laws and involve a number of risks and uncertainties. Management believes that these forward looking statements are reasonable and are based on reasonable assumptions and forecasts, however, undue reliance should not be placed on such statements that speak only as of the date hereof. Moreover, these forward-looking statements are subject to a number of risks and uncertainties, some of which are outlined below. As a result, actual results may vary materially from those anticipated by the forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: the volume and timing of systems sales and installations; length of sales cycles and the installation process; the possibility that products will not achieve or sustain market acceptance; seasonal patterns of sales and customer buying behavior; the development by competitors of new or superior technologies; the timing, cost and success or failure of new product and service introductions, development and product upgrade releases; undetected errors or bugs in software; product liability; changing economic, political or regulatory influences in the health-care industry; changes in product-pricing policies; availability of third-party products and components; competitive pressures including product offerings, pricing and promotional activities; the Company's ability or inability to attract and retain qualified personnel; possible regulation of the Company's software by the U.S. Food and Drug Administration; uncertainties concerning threatened, pending and new litigation against the Company including related professional services fees; uncertainties concerning the amount and timing of professional fees incurred by the Company generally; changes of accounting estimates and assumptions used to prepare the prior periods' financial statements; general economic conditions; and the risk factors detailed from time to time in the Company’s periodic reports and registration statements filed with the Securities and Exchange Commission. A significant portion of the Company's quarterly sales of software product licenses and computer hardware is concluded in the last month of the fiscal quarter, generally with a concentration of such revenues earned in the final ten business days of that month. Due to these and other factors, the Company's revenues and operating results are very difficult to forecast. A major portion of the Company's costs and expenses, such as personnel and facilities, are of a fixed nature and, accordingly, a shortfall or decline in quarterly and/or annual revenues typically results in lower profitability or losses. As a result, comparison of the Company's period-to-period financial performance is not necessarily meaningful and should not be relied upon as an indicator of future performance. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6643157&lang=en