Industry News

Acquisition Brings NextGen Practice Solutions Additional Resources and Expertise to Address Increased Market Demand for Revenue Cycle Services

IRVINE, Calif.—(BUSINESS WIRE)— Quality Systems, Inc. (NASDAQ: QSII), announced today the acquisition of Matrix Management Solutions, to support the growth of its NextGen™ Practice Solutions offering.

Since 1998, North Canton, Ohio-based Matrix Management Solutions, a value-added reseller for NextGen Healthcare, has provided revenue cycle management (RCM) services, HIT solutions and training, implementation and support centered around NextGen® technology, to its clients nationwide. The acquisition will enable NextGen Practice Solutions to expand its footprint among private and hospital-based physicians and groups by leveraging Matrix’s RCM expertise. NextGen Practice Solutions currently partners with more than 5,000 providers to optimize their use of the NextGen® product suite with best practice, customizable revenue cycle management services including, but not limited to, billing and collection services, eligibility verification services, account management and data analytics.

Upon completion of the acquisition, which closed on April 16, 2012, Sharon Funk, chief operating officer at Matrix Healthcare, will assume the role of vice president and general manager at NextGen Healthcare’s North Canton, Ohio facility. Matrix Management Solutions president Mark Terpylak, MD, will remain with the company to provide ongoing support to its customer base and serve in a strategic consulting role around healthcare transformation.

”Matrix has had an exclusive relationship with NextGen since its founding in 1998. We have thoroughly enjoyed the partnership and are extremely excited about the synergies this acquisition will offer our current and future customers. As healthcare continues to transform, our collaborative skills will allow NextGen to further assist and support our customers on this journey,” said Terpylak, president of Matrix Management Solutions.

“As RCM services continue to evolve and expand, it’s critical for healthcare organizations to align with a trusted partner that can deliver real improvements to their bottom line,” said Monte Sandler, executive vice president of NextGen Practice Solutions. “The knowledge and expertise that Matrix provides surrounding NextGen’s technology, coupled with their years of use and seamless integration, is a natural fit for our NextGen Practice Solutions business unit. We believe this acquisition will enhance our team, further strengthen our capabilities, expand our client base and position us to continue to meet increased market demand for RCM services.”

About Matrix Management Solutions
Founded in 1998, by physicians, for physicians, Matrix provides training, design, implementation and support for revenue cycle management, using NextGen Healthcare’s suite of practice management software and electronic health record solutions. For the physician looking to reduce overhead and improve cash flow, Matrix offers a proven outsourced revenue cycle solution. Much more than a typical billing service, Matrix works together as a partner with the medical practice. For more information, visit www.matrixmso.com.

About Quality Systems, Inc.
Irvine, Calif.-based Quality Systems, Inc. and its NextGen Healthcare subsidiary develop and market computer-based practice management, EHRs 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.