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NTST Netsmart Technologies (MM)

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Share Name Share Symbol Market Type
Netsmart Technologies (MM) NASDAQ:NTST NASDAQ Common Stock
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Netsmart Technologies Signs Contract With Beth Israel Medical Center for $450,000

14/02/2005 4:38pm

PR Newswire (US)


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Netsmart Technologies Signs Contract With Beth Israel Medical Center for $450,000 Netsmart Will Implement Its Avatar Addictions Management Product in All 18 Methadone Clinics in New York City GREAT RIVER, N.Y., Feb. 14 /PRNewswire-FirstCall/ -- Netsmart Technologies, Inc. (NASDAQ:NTST), a leading supplier of enterprise-wide software for health and human services providers through its wholly owned subsidiary, Creative Socio-Medics Corp.(Creative), today announced that it has been awarded a contract for $450,000 by Beth Israel Medical Center's Methadone Maintenance Treatment Program in New York City. The contract includes software licenses and professional services agreements to install the Avatar AM (addictions management for methadone) software product in all 18 clinics that are managed by Beth Israel and is to be performed over a 12-month period. "We are very excited about the opportunity that Avatar will afford us to tie our 18 clinics and central office together in one application for the first time. There is no doubt that it will enable us to be more productive and efficient in the care we provide our patients," said Charles Jacknow, Assistant Director of Beth Israel Medical Center's Methadone Maintenance Treatment Program. The Beth Israel Medical Center operates 18 methadone maintenance treatment clinics that together serve 6,000 heroin-addicted patients. Located throughout Manhattan and Brooklyn, the clinics deliver an interdisciplinary mix of services to patients. These services include basic medical care, counseling, vocational services, and health education. The clinics are financed by a blend of state and federal funding and patient fees. Clinics are all licensed by the DEA, the Center for Substance Abuse Treatment, and the New York State Office of Alcoholism and Substance Abuse Services. Additionally, they are accredited by JCAHO. The Beth Israel network of clinics is the oldest, and by far the largest methadone maintenance treatment system in the country. Beth Israel provides 15% of all methadone treatment in New York State. "We appreciate being part of the distinguished operation at Beth Israel. This was a competitive bid against other large software suppliers and we believe that the selection of our product solutions indicates that they are best suited to the needs of the medical center," said James H. Gargiulo, Senior Vice President of Creative. About Netsmart Technologies, Inc. Netsmart Technologies, Inc. of Great River, NY, through Creative Socio-Medics, is an established, leading supplier of enterprise-wide software solutions for health and human services providers with over 600 clients, including 26 systems with state agencies. Creative's clients include health and human services organizations: public health agencies, mental health and substance abuse clinics, psychiatric hospitals, and managed care organizations. Avatar Practice Management and the Avatar Clinician Work Station, Creative's core products, are full-featured information systems that operate on a variety of operating systems, hardware platforms, and mobile devices and offer unlimited scalability. Statement on Behalf of Netsmart Technologies, Inc. Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Netsmart's filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates, and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on Netsmart's or Creative's website do not constitute a part of this release. DATASOURCE: Netsmart Technologies, Inc. CONTACT: Ron Marge, Netsmart Technologies, Inc., 1-800-421-7503, ext. 2026, ; Stuart Fine, Carpe DM, Inc., +1-908-490-0075, Web site: http://www.netsmartech.com/

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