LOS ANGELES, Jan. 5, 2004 (PRIMEZONE) -- PracticeXpert, Inc. (OTCBB:PXPT), today announced that it has completed the interface of its PXpert(tm) Revenue Management System with NextGen(r) Enterprise Practice Management ("NextGen EPM").
NextGen EPM is an enterprise solution, which features a diverse range of functionalities designed to meet practices' billing, reporting, registration and scheduling needs. Additionally, NextGen EPM's exclusive Worklog Manager enables providers to automatically assign routine tasks to staff members for completion.
Commenting on the completion of the interface, Mr. Zima Hartz, Executive Vice President of PracticeXpert, Inc. stated, "We have reached a significant milestone in the deployment of the PXpert system. Our largest division operates the NextGen software, and therefore it was logical that we should focus on interfacing PXpert with NextGen as a priority. Further, given NextGen's outstanding reputation as a leader in electronic medical records ("EMR") and practice management systems, the pairing of our PXpert Revenue Management System with NextGen will allow us to offer to our many physician customers what we believe to be the premier outsourced medical billing and practice management solution available today."
Mr. Hartz continued, "Operationally we expect this interface to have a significant impact on labor efficiency. Since deploying PXpert with many of our physician customers we have witnessed both a significant reduction in errors on claims processed, and an increase in the speed in which claims were processed, and paid. All of these benefits accrued primarily to our physician customers. However, because the interface with NextGen was not completed, we still experienced a data-entry bottleneck, as data was manually transferred from PXpert to NextGen. That bottleneck will now be eliminated, allowing us to redeploy our data entry staff to more productive revenue generating activities. The result should be a significant increase in our operating margins."
About PracticeXpert, Inc.
PracticeXpert, Inc.'s business is conducted through its main operating subsidiary, PracticeXpert Services Corp. PracticeXpert Services Corp, a healthcare technology and services company, is in the business of developing and deploying systems, technologies and services designed to improve operational efficiencies, reduce billing errors and enhance cash flow for medical practitioners. Its services revolve around its flagship Revenue Management System, PXpert(tm), and include medical billing, collections, transcription, clinical trial accruals, contracting and practice management. PracticeXpert bundles its technology applications with its billing and other practice management services to provide a complete and integrated solution to its physician customers. For additional information visit www.pxservices.com.
About NextGen Healthcare Information Systems, Inc.
Quality Systems, Inc. (NASDAQ:QSII) and its NextGen Healthcare Information Systems subsidiary develop and market computer-based practice management, medical records, and connectivity applications for large medical and dental group practices. Visit www.qsii.com and www.nextgen.com for additional information.
Note: Any statements released by PracticeXpert, Inc. that are forward- looking, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act. Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may affect the Company's business prospects and performances. These include economic, competitive, governmental, technological and other factors discussed in the statements and in the Company's filings with the Securities and Exchange Commission.