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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 Contracts With Behavioral Health, Public Health and Substance Abuse Treatment Organizations

02/02/2007 5:01pm

PR Newswire (US)


Netsmart (NASDAQ:NTST)
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Software from Netsmart Selected to Facilitate Enterprise Clinical and Operational Processes GREAT RIVER, N.Y., Feb. 2 /PRNewswire-FirstCall/ -- Netsmart Technologies, Inc. (NASDAQ:NTST), a leading provider of enterprise-wide software and services for health and human services organizations, today announced that it has signed seven agreements totaling approximately $4 million with behavioral and public healthcare and substance abuse provider organizations in several states. All of these contracts are scheduled to be performed over one year with only one exception which is a multi-year agreement. "We are pleased to be selected by these organizations as the trusted technology partner for their mission-critical clinical and operational processes," said James Gargiulo, Netsmart executive vice president, Clients and Solutions. "We look forward to helping them meet their goal of providing high quality care to their patients and clients." Princeton House Behavioral Health, a division of Princeton, N.J.-based Princeton Health Care System, will use Netsmart's CCHIT Certified(SM) Avatar 2006 software Avatar suite, which is designed to provide clinical assessments, progress notes, treatment planning and reporting, and electronic medication management. In addition, Avatar is designed to facilitate practice management processes for Princeton House, including system management, client tracking, scheduling, billing and reporting. Netsmart will provide HL7 integration from Avatar to Princeton House's admissions, laboratory and order entry systems. Avatar is the first behavioral health and substance abuse software to receive CCHIT certification. The Ohio Department of Mental Health will use Avatar Clinician Workstation (CWS), which is designed to provide assessments, progress notes and treatment planning. The department will also use Avatar's RADplus tool, which is designed for security management, modeling and report integration. Ontrack, Inc., a mental health and substance abuse treatment provider in Medford, Ore., will utilize practice management and clinical capabilities through the Avatar ASP hosting service. Ontrack will also use the Avatar RADplus tool. Bayonne Medical Center of Bayonne, N.J. will use Avatar software for core system management, client tracking, scheduling and reporting. In addition, Avatar's clinical capabilities are designed to support progress notes, treatment planning and reporting. Netsmart will provide HL7 integration from Avatar to the Hospital's admissions and billing systems. The Lower Eastside Service Center of New York, N.Y. will utilize the Avatar software suite for practice and addiction services management. The center is expected to use Avatar for system management, client scheduling and tracking, reporting and medication dispensing. The El Paso County, Colo., Department of Health and Environment will utilize Netsmart's Insight public health software. The county will use Insight to manage a wide range of processes, including patient scheduling, electronic medical record management, case management, immunization and laboratory record tracking, health screening record management, and billing/remittance. In a five-year agreement, Swanson Center of Michigan City, Ind., a provider of adult and youth mental health services, is expected to utilize Avatar's clinical and practice management capabilities through Netsmart's application service provider (ASP) hosting service. Avatar ASP is designed for organizations who want to minimize upfront cost and onsite software upgrades. Swanson Center will also utilize Netsmart's InfoScriber e-prescribing software, and Quantum financial software from Geneva Software, a Netsmart partner, for Avatar-integrated accounts payable, general ledger, fixed asset management and fixed assets/depreciation management. For information about Netsmart Technology's full range of solutions for health and human services organizations, visit http://www.ntst.com/ or call 1-800-421-7503. About Netsmart Technologies, Inc. Netsmart Technologies, Inc., based in Great River, N.Y., is an established, leading supplier of enterprise-wide software solutions for health and human services providers, with more than 1,300 clients, including more than 30 systems with state agencies. Netsmart's clients include health and human services organizations, public health agencies, mental health and substance abuse clinics, psychiatric hospitals, and managed care organizations. Netsmart's 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 website does not constitute a part of this release. *Avatar 2006 Version 02 is a CCHIT Certified(SM) product for CCHIT Ambulatory EHR 2006. CCHIT is a Recognized Certification Body in the United States for certifying health information technology products -- an independent, not-profit organization that sets the benchmark for electronic health records. The U.S. Department of Health and Human Services (HHS) awarded CCHIT a three-year contract in September 2005 to develop and evaluate certification criteria and an inspection process for ambulatory (office and clinic) EHRs, inpatient (hospital) EHRs and the networks through which they interoperate. DATASOURCE: Netsmart Technologies, Inc. CONTACT: Dave Kishler of Netsmart Technologies, +1-614-932-6723, Web site: http://www.ntst.com/

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