Netsmart Technologies Signs $1,700,000 Upgrade Contract With the State of Minnesota
March 05 2004 - 10:08AM
PR Newswire (US)
Netsmart Technologies Signs $1,700,000 Upgrade Contract With the
State of Minnesota Netsmart Will Implement Its Avatar Suite of
Products GREAT RIVER, N.Y., March 5 /PRNewswire-FirstCall/ --
Netsmart Technologies, Inc. , a leading supplier of enterprise-wide
software for health and human services providers through its
wholly-owned subsidiary, Creative Socio-Medics (Creative), today
announced that Creative has been awarded a $1,700,000 five-year
contract by the State of Minnesota's Department of Human Resources.
The upgrade contract includes professional services, software
licenses, and maintenance agreements to install the Avatar suite of
human services software, specifically the Avatar practice
management, computerized physician order entry (CPOE), and personal
digital assistant (PDA) products. "The State marketplace is a key
focal point for our Company and we expect our continued expansion
in this market to be a major contributor to our current and future
growth plans. Our long-term strategic plan has always been to
provide our State clients with the best solutions available in the
marketplace. We believe that the Minnesota upgrade contract is one
of many examples of our progress and dedication to customer
relationship management," saidJames Conway, CEO of Netsmart
Technologies, Inc. Jerry Koop, CEO of Creative said, "Client
satisfaction is tantamount to Creative's growth. This agreement
establishes a long term relationship with the Minnesota Dept. of
Human Services, and will solidify our leadership in this regional
market." The Minnesota DHS provides an array of services and
support to certain individuals with mental illness, chemical
dependency, traumatic brain injuries, developmental disabilities,
and persons in need of nursing facility level of care. These
individuals are served throughout the State at owned and operated
campuses, and through a network of community based facilities. A
total of eight inpatient campus facilities with over 160 physicians
and 2,000 utilized beds serve over 5,000 admissions annually. The
dollar volume generated in excess of $145 million per year. In
addition, another 5,000 patients receive outpatient, group home,
day training and habilitation (DT&H), crisis, and other
services by the network annually. Group homes and crisis services
produce additional revenue in excess of $34 million. About Netsmart
Technologies, Inc. Netsmart Technologies, Inc. of Great River,
N.Y., 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, Web site:
http://www.netsmartech.com/
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