NTST Netsmart Technologies (MM)

Netsmart Technologies Signs Two New Multiyear Contracts With Michigan Providers With Combined Value of $1.145 Million Netsmart is moving forward with its plan to Implement Its Michigan-based Solutions for Community Mental Health of Ottawa County and the City of Detroit Health Department GREAT RIVER, N.Y., May 7 /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 Corp. (Creative), announced today that Creative has been awarded a 5-year contract with value of $620,000 for the Community Mental Health of Ottawa County and a 5-year contract with the value of $525,000 for the City of Detroit Health Department. These contracts cover licensing, services and maintenance of Creative's Avatar and value-add web-based ASP products in a multi-tiered delivery environment. Creative's CEO, Jerry Koop, said in a statement: "The Ottawa contract is the first roll-out of an enterprise system which covers practice management, clinical records, web-based care management and electronic prescriptions designed specifically with Michigan in mind." He went on to say, "The City of Detroit coordinating agencies manages the authorization of services for all substance abuse providers in the Detroit area. Creative now has all 13 statewide coordinating agencies using our CareNet product, totaling over 550 providers." The unique features of the software solution that are being provided to Michigan payers and providers are: * Seamless integration of practice management, clinical records, care management, and medication management functionality in a single-entry, easy to use ASP model. * Design specific to Michigan reporting and billing requirements. * Software services currently installed in 18 Michigan locations. * Michigan-based software support team. Community Mental Health (CMH) of Ottawa County offers comprehensive mental health services to residents of Ottawa County with mental illness, other psychiatric and emotional disorders, or developmental disabilities. The county provides service under a Managed Care contract with the State of Michigan, Department of Community Health, and a Board of Directors governs the programs and activities. The City of Detroit Health Department operates a large public substance abuse coordinating agency in the State of Michigan. The coordinating agency provides referrals, authorizations, claims adjudications, and managerial reporting for the provide agencies within Detroit. James Conway, CEO of Netsmart, said: "The Michigan market is a significant part of our marketing and sales plans. We view this new contract as an opportunity and springboard into other county behavioral health providers and payors." 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 580 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, Inc., 1-800-421-7503, ext. 2026, ; or Stuart Fine of Carpe DM, Inc., +1-908-490-0075, , for Carpe DM, Inc. Web site: http://www.netsmartech.com/

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