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4-Traders Homepage  >  Equities  >  Nasdaq  >  Intuit       

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INTUIT : American Medical Software Selects Intuit Health Patient Portal Solutions for Physician Practices

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10/27/2010 | 02:35pm CET

American Medical Software (AMS) has selected Intuit Inc's (Nasdaq:INTU) Intuit Health to provide its physician practices with a patient portal solution. Through this agreement, millions of patients of AMS clients will now be able to easily communicate with their provider and complete key tasks online.

With the Intuit Health Patient Portal, the nation's leader in patient-to-provider communication solutions, patients can pre-register, request appointments, refill prescriptions, understand and pay bills, complete medical forms, receive lab results and clinical summaries, conduct virtual office visits, and exchange messages for related care and administrative issues using a secure, online solution, anytime from anywhere. Improving patient communications, providing better accessibility, and offering tools to increase data accuracy will give staff more time to care for patients at the time of their visit.

?We're committed to providing products and service with excellence, so we chose a like-minded company that offers impressive patient portal technology with the broadest base of coverage,? said W. David Scott, president of AMS. ?Together with Intuit Health, we can offer our physician practices a great value in EMR and patient portal technology – a necessary combination for Meaningful Use.?

Americans increasingly want online assistance for their health care needs. A 2010 Intuit Health survey showed that 72 percent of adults would use an online tool that would help them pay their medical bills, communicate with their doctor more easily, make appointments and get lab results. Eighty-four percent said they would complete their medical forms online before their doctor's appointment if they had that option.

?We are pleased to be able to work with a leader in the medical software industry that can offer this solution to a large segment of small group practices to help them increase patient satisfaction, improve efficiencies and lower their costs,? said Steve Malik, president and general manager of Intuit Health. ?Thousands of small group practices will now be able to enhance their physician-patient relationships by giving their patients the ability to communicate with their doctor easily, anytime, day or night.?

For more information about Intuit Health provider-patient solutions, please visit www.intuithealth.com.

About American Medical Software

Since 1984, American Medical Software (AMS) has led the path in providing and maintaining Medical Office Software Systems for physicians in all specialties such as electronic patient charts, billing and financial management solutions, specialty applications and more. Headquartered in Edwardsville, IL, AMS captures the majority of the nation's small group practices to equip them with state-of-the art health information technology. To learn more, please visit www.americanmedical.com.

About Intuit Inc.

Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial service organizations; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax®, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation offerings for professional accountants. Intuit Financial Services' online banking solutions and unique insights help financial service organizations better serve businesses and consumers. Intuit Health provides innovative online connected services that strengthen the provider-patient relationship.

Founded in 1983, Intuit had annual revenue of $3.1 billion in its fiscal year 2009. The company has approximately 7,800 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com.

About Intuit Health

Intuit Health improves health care by developing groundbreaking clinical, administrative and financial services that connect providers and patients. We've combined Intuit's legendary approach to simplifying complex tasks with Medfusion's expertise in provider-patient communications. The result: It's easier than ever to understand and pay your medical bills, get lab results, schedule appointments, and give patients timely electronic access to their health information. Learn more at: www.intuithealth.com

Intuit and the Intuit logo, Intuit Health, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.

Intuit Health
Yvette Cole, 919-882-2841
yvette_cole@intuit.com
or
American Medical Software
Kerry Robinson, 800-423-8836
krobinson@americanmedical.com


© Business Wire 2010
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Financials ($)
Sales 2017 5 078 M
EBIT 2017 1 672 M
Net income 2017 963 M
Finance 2017 218 M
Yield 2017 1,05%
P/E ratio 2017 35,32
P/E ratio 2018 31,84
EV / Sales 2017 6,43x
EV / Sales 2018 5,82x
Capitalization 32 856 M
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Consensus 
Mean consensus HOLD
Number of Analysts 19
Average target price 120 $
Spread / Average Target -6,5%
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Managers
NameTitle
Brad D. Smith Chairman, President & Chief Executive Officer
R. Neil Williams Chief Financial Officer & Executive Vice President
Henry Tayloe Stansbury Chief Technology Officer & Executive VP
Scott D. Cook Director
Dennis D. Powell Independent Non-Employee Director
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