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Quality Systems, Inc. Announces Expected Impairment In Its Hospital Solutions Division

The ONC 2014 Edition criteria support both Stage 1 and 2 Meaningful Use measures required to qualify eligible providers and hospitals for funding under the American Recovery and Reinvestment Act (ARRA). This certification enhances Quality Systems' competitive position within the healthcare information technology sector. The Company remains committed to the hospital market as evidenced by the continued investments it is making across several areas of its Hospital Solutions company website Division, including, implementation and training, infrastructure and support, customer service and software development. In other news, Quality Systems announced that, based on a preliminary review of its financial results, the Company's results will be below analysts' consensus expectations for revenues and earnings per share, for the Company's fiscal 2014 third quarter ended December 31, 2013. Impacting the results were http://finance.mytvjax.com/inergize.waws/news/read/25347725 several factors, including: lower-than-anticipated results from the Hospital Solutions Division; a reduction in capitalized software development costs; and, increased amortization of capitalized software development costs relating to the release of NextGen(R) Ambulatory EHR version 5.8 and 8.3, directory which occurred during the quarter. Any impairment charge related to the long-lived assets of the Hospital Solutions Division could also adversely impact third quarter results.
More: http://online.wsj.com/article/PR-CO-20140110-909816.html

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