Quality Systems, Inc. Names Zachary J. Sherburne Global Chief Information Officer
December 17 2014 - 5:00AM
Business Wire
Quality Systems, Inc. (NASDAQ: QSII), a leading provider of
healthcare information systems and connectivity solutions,
announced today the appointment of Zachary J. Sherburne to the post
of senior vice president and global chief information officer.
Zachary J. Sherburne, Senior Vice
President and Global Chief Information Officer, Quality Systems,
Inc. (Photo: Business Wire)
Sherburne, a seasoned information technology executive, brings
three decades of technology and financial expertise to his new
role. In this global position, Sherburne will be responsible for
the oversight and delivery of technology solutions to the Company’s
clients, which primarily includes medical and dental group
practices and small hospitals, as well as managing the internal
information technology (IT) function. His goal in his new role is
to create a customer service-oriented information services team
that will operate as a shared-service function, designed to support
the entire QSI enterprise across the Company’s eight business
units. He will be based at the Company’s Irvine, Calif.
headquarters.
Prior to joining Quality Systems, Sherburne was chief
information officer and vice president of information services in
the hardware and home improvement division of Spectrum Brands, a
Madison, Wis.-based global consumer products company. In this
capacity, he managed information services, digital marketing and
e-commerce.
Before joining the Spectrum Brands organization, Sherburne was
chief information officer and vice president of information
services in the Hardware and Home Improvement division of Stanley
Black & Decker.
Over the course of his career, Sherburne held various positions
in public accounting and management consulting, beginning his
career at at Arthur Andersen & Co. and then further expanding
his business and technology expertise in his role as a senior
manager with Deloitte Consulting and as a principal consultant at
Computer Sciences Corp.
“We welcome Zach to the QSI management team. We believe his
decades of IT-related experience will prove beneficial to the
Company as we continue to grow and create solutions that help our
clients quickly adapt to the rapidly changing world of healthcare.
Furthermore, Zach has global IT expertise, bringing knowledge that
is integral to our organization, which now spans more than 2,800
employees worldwide and eight distinct business units. We look
forward to Zach’s contributions as he enhances the delivery of our
solutions externally and further strengthens our internal IT
functions. The global initiatives Zach plans to put into place will
help streamline our operations and better control costs,” explained
Dan Morefield, chief operating officer.
Sherburne commented on his new role, adding: “This is an
exciting opportunity for me to help drive improvements in QSI’s
Information Services (IS) function. We are striving to simplify,
standardize and automate technology across all business units while
creating a productive and collaborative culture. Over the years,
the Company has grown through several acquisitions, and as we
continue to integrate these acquisitions, we are migrating to a
shared services IS function, allowing us to improve the delivery of
our services while reducing related costs.”
Sherburne, a resident of Mission Viejo, Calif., holds a Bachelor
of Arts degree in business and economics from the University of
California at Santa Barbara in Goleta, Calif. He previously was
named business intelligence person of the year by Oracle
Magazine.
About Quality Systems
Irvine, Calif.-based Quality Systems, Inc. and its NextGen
Healthcare subsidiary develop and market computer-based practice
management, electronic health records and revenue cycle management
applications as well as connectivity products and services for
medical and dental group practices and small hospitals. Visit
www.qsii.com and www.nextgen.com for additional information.
SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements within
the meaning of the federal securities laws, including but not
limited to, statements regarding future events, developments in the
healthcare sector and regulatory framework, the Company's future
performance, as well as management's expectations, beliefs,
intentions, plans, estimates or projections relating to the future
(including, without limitation, statements concerning revenue, net
income, and earnings per share). Risks and uncertainties exist that
may cause the results to differ materially from those set forth in
these forward-looking statements. Factors that could cause the
anticipated results to differ from those described in the
forward-looking statements and additional risks and uncertainties
are set forth in Part I, Item A of our most recent Annual Report on
Form 10-K for the fiscal year ended March 31, 2014, including but
not limited to: the volume and timing of systems sales and
installations; length of sales cycles and the installation process;
the possibility that products will not achieve or sustain market
acceptance; seasonal patterns of sales and customer buying
behavior; impact of incentive payments under The American Recovery
and Reinvestment Act on sales and the ability of the Company to
meet continued certification requirements; the development by
competitors of new or superior technologies; the timing, cost and
success or failure of new product and service introductions,
development and product upgrade releases; undetected errors or bugs
in software; product liability; changing economic, political or
regulatory influences in the health-care industry; changes in
product-pricing policies; availability of third-party products and
components; competitive pressures including product offerings,
pricing and promotional activities; the Company's ability or
inability to attract and retain qualified personnel; possible
regulation of the Company's software by the U.S. Food and Drug
Administration; changes of accounting estimates and assumptions
used to prepare the prior periods' financial statements; and
general economic conditions. A significant portion of the Company's
quarterly sales of software product licenses and computer hardware
is concluded in the last month of a fiscal quarter, generally with
a concentration of such revenues earned in the final ten business
days of that month. Due to these and other factors, the Company's
revenues and operating results are very difficult to forecast. A
major portion of the Company's costs and expenses, such as
personnel and facilities, are of a fixed nature and, accordingly, a
shortfall or decline in quarterly and/or annual revenues typically
results in lower profitability or losses. As a result, comparison
of the Company's period-to-period financial performance is not
necessarily meaningful and should not be relied upon as an
indicator of future performance. The Company undertakes no
obligation to publicly update any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20141217005223/en/
Quality Systems, Inc.Susan J. Lewis,
954-389-3700slewis@qsii.com
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