Quality Systems Inc. (NASDAQ:QSII) Q4 2015 Earnings Conference Call - Final Transcript

May 21, 2015 • 10:00 am ET


Quality Systems Inc. (NASDAQ:QSII) Q4 2015 Earnings Conference Call - Final Transcript


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Welcome to Quality Systems Incorporated Fiscal 2015 Fourth Quarter and Year End Results Conference Call. Hosting the call today from Quality Systems is Steven Plochocki, President and Chief Executive Officer. Today's call is being recorded. At this time, all participants have been placed in a listen-only mode, and the floor will be opened for your questions following the presentation. (Operator Instructions)

It is now my pleasure to turn the floor over to Mr. Plochocki. Please go ahead.

Steven Plochocki

Thank you, Maria. And welcome everyone to the Quality Systems' fiscal 2015 fourth quarter and year end results call. With me this morning are John Stumpf, our Interim CFO; Dan Morefield, our Chief Operating Officer; Monte Sandler, our Executive Vice President of RCM Services; and Gary Voydanoff, our Executive Vice President of Sales and Marketing.

(Forward-Looking Cautionary Statements) I will provide some opening comments and then turn it over to the team. We are very pleased with the fourth quarter and fiscal 2015 results overall. This latest quarter represents the fifth consecutive one, where we delivered increases in revenue and which resulted in a new quarterly revenue record.

Our revenue growth in the 2015 fourth quarter and fiscal year demonstrates the impact of our broad-based market offerings, which now span nearly 30 products and services directly aimed at the evolving value-based Accountable Care Organization modeling. As physicians strive to better manage their patients and payers seek the necessary intelligence to help control costs, while emphasizing quality of care, we believe we are well-positioned to help all those stakeholders meet the challenges that will continue to unfold.

Our portfolio of products and services address the ways in which healthcare constituents communicate and manage patient populations. We believe that as we enter into our fiscal year 2016, we will be -- there will be a significant opportunity for our RCM business line, along with the Mirth interoperability and connectivity solutions that we offer. With ICD-10 fast approaching, practices seek the exact type of support QSI/NextGen brings to the table.

With the sales force boasting strong cross-selling capabilities across our large installed client base and beyond, as well as our enhanced marketing capabilities and seasoned implementation teams, we stand ready to meet healthcare's rapid changing needs. Our ability to strengthen our offerings, expand our solutions and demonstrate solid growth is reflective and our agility and commitment to seamlessly serving the healthcare information technology industry.

Additional information, our Board of Directors declared a quarterly cash dividend of $17.5 per share on the company's outstanding shares of common stock, payable to shareholders of record as of June 12, 2015, with an anticipated distribution date of July 6, 2015. The $17.5 per share cash dividend is pursuant to the company's current practice to pay a regular quarterly dividend on the company's outstanding shares of common stock. Subject to Board review and approval, and establishment of record and distribution dates by the Board prior to the declaration and payment of each such quarterly dividend.

In addition, the company will hold its