Netsmart (NASDAQ:NTST)
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Netsmart Technologies Signs an $845,000 Contract With Southwest
Washington Regional Support Network
Netsmart Will Extend its Implementation of its Avatar Suite of Products for
Behavioral Health Organizations Across Additional Counties in Washington State
GREAT RIVER, N.Y., Aug. 19 /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. (CSM), today announced that CSM has been awarded a $845,000
five-year contract by the Southwest Washington Regional Support Network (SWRSN)
for the license and professional services of an Application Service Provider
(ASP) delivery system.
Jerry Koop, CEO of CSM commented, "The SWRSN win is significant for Creative in
two aspects: (1) it's additive to our successful large-scale account in
Washington state that is already operational in 20 human services agencies and
(2) it's validation of the success of Creative's large-scale ASP rollout
solution gaining traction in the marketplace."
According to Ron Blake, Director of Cowlitz County and Southwest RSN, "Cowlitz
County Human Services Department and SWRSN is pleased to have Creative
Socio-Medics as a partner for providing a comprehensive information system
solution to our Public Mental Health program. We are excited about the Avatar
system because it will provide us with a technically advanced comprehensive
application with exceptional support. The already completed integration of the
Managed Service Organization, Practice Management, Clinical Work Station and
Master Patient Index modules, and the ASP support capabilities were critical to
the decision. We are looking forward to a long and productive relationship."
With the addition of the SWRSN, the Washington State Rural Consortium (WSRC) is
now a group of 6 Regional Support Networks (RSN), representing 30 human service
agencies in 12 counties throughout the state. WSRC was organized to research,
purchase and implement an agreed upon software product for all RSN's and
agencies. Each RSN, and each agency within an RSN, will maintain an individual
database for data collection, billing, utilization management, and reporting.
The RSN's are responsible for ensuring medically necessary services for persons
of all ages who are enrolled as members of the prepaid health plan as defined
in the state Medicaid waiver.
James Conway, Chairman and CEO of Netsmart, commented: "We are confident that
educated, process-oriented IT buyers are deciding that a proven information
system can have a major return on investment. We believe that the Avatar suite
of products' ability to deliver on its performance promise and its
effectiveness upon delivery make it choice for providers looking for positive
effects on their service delivery systems and their bottomline."
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 of Netsmart Technologies, 1-800-421-7503, ext. 2026,
; or Stuart Fine of Carpe DM, Inc., +1-908-490-0075,
, for Netsmart Technologies