…An example of its healthcare focus is its Transitional Care Management tool, which supports patients during transitions in care, such as post-discharge. Developed through a partnership with Beth Israel Deaconess Medical Center, an affiliate of Harvard Medical School, it provides communications from providers to patients about the patient’s condition and treatment, a roadmap to health, what to do in case of adverse events, and notes for their next visit. If questions arise, patients can chat with their provider on the platform.

Read the full article here

The post Healthcare Informatics – 2013 Up-and-Comer: NexJ Systems, Inc. appeared first on NexJ Systems.

Watch the video here

The post The Globe and Mail – How one big client can change everything (Video) appeared first on NexJ Systems.

Recent Business Highlights

• Signed a Strategic OEM partnership with SAP, a world leader in enterprise software, allowing both NexJ and SAP to sell pre-packaged solutions to the finance and insurance industries.
• Leduc Beaumont Devon Primary Care selected NexJ Connected Wellness and NexJ Health Coach to engage patients and to assist in chronic disease and pre-chronic disease management services.
• Recognized with the XCelent award for Breadth of Functionality by Celent, a research and consulting firm focused on the application of information technology in the global financial services industry.

Financial Highlights for Q1 2013

• First quarter revenue was $6.5 million, increased 7% Y/Y.
• Adjusted EBITDA (as defined below) was a loss of $5.9 million or $0.29 per share (basic and diluted) for the quarter ended March 31, 2013 as compared to an adjusted EBITDA loss of $3.9 million or $0.19 per share (basic and diluted) for the comparative period in 2012.
• Net loss was $6.7 million or $0.33 per share (basic and diluted) for the quarter ended March 31, 2013, as compared to a net loss of $4.5 million or $0.23 per share (basic and diluted) for the comparative period in 2012.

“The changes to sales leadership and organization initiated in 2012 are having a significant impact on the business and we now have a level of sales activity never before seen at NexJ,” said William M. Tatham, Chief Executive Officer of NexJ. “While we continue to focus on revenue generation we are acutely aware of the need to control costs and have initiated procedures to reduce expenses with further contingency plans in place should our growth not occur as expected.”

Conference Call Information

NexJ will be hosting an earnings report conference call today at 5:00 p.m. ET. The call can be accessed via webcast or by phone by dialing 647-427-7450 (Toronto local or international) or 1-888-231-8191 (North America Toll Free). Investors should dial in approximately 10 minutes before the teleconference is scheduled to begin.

A replay of the call will be available beginning today at 8:00 p.m. ET through 11:59 p.m. on May 8, 2013 and can be accessed by dialing 416-849-0833 (Toronto local) or toll free at 1-855-859-2056 and using password 41149573.

Financial Statements for the period are available for download.

Non-IFRS Measures

This news release includes certain measures that have not been prepared in accordance with International Financial Reporting Standards (“IFRS”) such as Adjusted EBITDA and Adjusted EBITDA margin which are used to evaluate the Company’s operating performance as a complement to results provided in accordance with IFRS. The Company believes that Adjusted EBITDA and Adjusted EBITDA margin are useful supplemental information as it provides an indication of the results generated by the Company’s main business activities prior to taking into consideration how those activities are financed and taxed and also prior to taking into consideration asset depreciation and the other items listed below.

The term “Adjusted EBITDA” refers to net income/loss before deducting share-based payment expense, earn-out expense, finance income, finance costs, foreign exchange gain/loss, depreciation and amortization and income taxes. “Adjusted EBITDA margin” refers to the percentage that Adjusted EBITDA for any period represents as a portion of total revenue for that period.

The term Adjusted EBITDA and Adjusted EBITDA margin are not measures recognized by IFRS and do not have standardized meanings prescribed by IFRS. Therefore, Adjusted EBITDA and Adjusted EBITDA margin may not be comparable to similar measures presented by other issuers. Investors are cautioned that Adjusted EBITDA and Adjusted EBITDA margin should not be construed as an alternative to net income (loss) as determined in accordance with IFRS.

The following table reconciles Adjusted EBITDA to net income (loss):

About NexJ Systems Inc.

NexJ is a provider of cloud -based software, delivering enterprise solutions for the financial services, insurance, and healthcare industries. Our next-generation, people-centered software combines industry-specific functionality with information from multiple applications and data stores to provide comprehensive knowledge of the individual.

Through the acquisition of Broadstreet Data Solutions Inc., NexJ has added expertize in data governance and master data management, data conversion and integration, data analytics and business intelligence, and mobile solution development.

NexJ is named as Canada’s fastest growing company in the 24th Annual PROFIT 200 ranking by PROFIT Magazine, and ranks in the top 5 of the Deloitte Technology Fast 50™ for the third consecutive year. Based in Toronto, NexJ has clients throughout North America and in Europe. For more information about NexJ Systems visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611

NexJ Forward-looking Statement

Certain statements in this press release, including statements about the financial conditions, and results of operations and earnings, may contain words such as “could”, “expects”, “may”, “should”, “will”, “anticipates”, “believes”, “intends”, “estimates”, “targets”, “plans”, “envisions”, “seeks” and other similar language and are considered forward-looking statements or information under applicable securities laws. These statements are based on the Company’s current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the Company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. The Company’s assumptions, although considered reasonable by the Company at the date of this press release, may provide to be inaccurate and consequently the Company’s actual results could differ materially from the expectations set out herein.

Actual results or events could differ materially from those contemplated in forward-looking statements as a result of the following: (i) the future performance, financial and otherwise, of NexJ; (ii) the ability of NexJ to protect, maintain and enforce its intellectual property rights; (iii) the acceptance by the Company’s customers and the marketplace of new technologies and solutions; (iv) the Company’s growth and profitability prospects; (v) the estimated size and growth prospects of the CRM market; (vi) the Company’s competitive position in the CRM market and its ability to take advantage of future opportunities in this market; (vii) the Company’s ability to attract new customers and develop and maintain existing customers; and (viii) the demand for the Company’s product and the extent of deployment of the company’s products in the CRM marketplace. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances.

The risks and uncertainties that may affect forward-looking statements include, but are not limited to: (i) our dependence on a limited number of customers and large project size; (ii) fluctuation in our quarterly operating results; (iii) our dependence on key personnel and our compensation structure; (iv) risks associated with managing large and complex software implementation projects; (v) uncertainties and assumptions in our sales forecasts, including the extent to which sales proposals are converted into sales; (vi) risks associated with our ability to design, develop, test, market, license and support our software products on a timely basis; (vii) market acceptance of our products and services; (viii) commercial success of products resulting from our investment in research and development; (ix) our success in expanding sales into new international markets; (x) risks associated with expansion into healthcare and other new industry verticals; (xi) competition in our industry; (xii) failure to protect our intellectual property or infringement of intellectual property rights of third parties; (xiii) reliance upon a limited number of third-party software products to develop our products; (xiv) defects or disruptions in our products and services; (xv) currency exchange rate fluctuations; (xvi) lengthy sales cycles for our software; (xvii) global financial market conditions; (xviii) failure to manage our growth successfully; and (xix) failure to successfully manage and integrate acquisitions, including the business acquired from Broadstreet .

For additional information with respect to risks and other factors which could occur, see the Company’s Management’s Discussion and Analysis of Financial Condition and Results of Operations for the year ended December 31, 2012 dated March 6, 2013, and other securities filings with the Canadian securities regulators available on www.sedar.com. Unless otherwise required by applicable securities laws, the Company disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The post NexJ Systems Reports First Quarter Fiscal 2013 Results appeared first on NexJ Systems.

People-centered health, on the other hand, is about patient activation. This innovative approach to healthcare gives patients access to their health information so they are not only better informed about their health condition, but also educated as to the alternative treatments available and empowered to make decisions regarding their health and wellness. When we engage people and give them greater control over their health, they have increased motivation to live a healthier lifestyle – which drives adherence to care plans, produces healthier populations and ultimately lowers the costs of healthcare delivery.

Read the full article here

The post Executive Insight – Cloud-Based EMRs appeared first on NexJ Systems.

Toronto, ON (April 25, 2013) — NexJ Systems Inc., (TSX: NXJ) a provider of cloud-based software, delivering enterprise solutions for the financial services, insurance, and healthcare industries today announced the Leduc Beaumont Devon Primary Care Network (LBDPCN), a joint partnership between Alberta Health Services and a group of 51 family physicians in 11 clinics, has selected NexJ Connected Wellness to engage patients and assist in the management of chronic and pre-chronic disease.

LBDPCN has licensed NexJ Connected Wellness on a subscription basis for use in their Self Manage to Improve your Life Everyday (S.M.I.L.E.) healthcare program. The S.M.I.L.E. healthcare program brings together a team of healthcare professionals that help people living with various chronic conditions such as diabetes, pre-diabetes, high blood pressure, high cholesterol and obesity. The team, which includes registered nurses and dietitians, a registered pharmacist and psychologist and an exercise specialist, works with patients to help them learn strategies to improve their ability to manage their health.

Patients will use NexJ Health Coach to capture biometrics such as weight, blood glucose and blood pressure. They enter this data using a smartphone or tablet, and can track their daily activities such as exercise, food intake, as well as subjective information such as how they feel.
The S.M.I.L.E. team will review the information and provide feedback through secure messaging and jointly review the accumulated data with patients. Helping patients understand the relationship between their behaviors, their biometric measurements and how they feel, delivers the motivation and encouragement individuals need to sustain the behavior changes necessary to improve their wellness.

“NexJ is pleased to be working with LBDPCN to deliver our shared vision that connecting, communicating and coaching patients will help them achieve their health and wellness goals,” said Eric Gombrich, Senior Vice President & General Manager, Health Solutions. “NexJ Health Coach was developed to be a key part in assisting individuals develop and sustain behavior changes, through motivation and encouragement by their coaches, so they can be more activated in their health & wellness.”

“Our S.M.I.L.E. Program has been quite successful in supplementing the efforts of our member physicians to ensure optimal quality care and outcomes, and we were looking to efficiently expand both the scope of the program, and our capacity to deliver it to more chronic, and pre-chronic patients,” said Len Frank, Executive Director. “NexJ’s Connected Wellness solutions clearly demonstrated the capacity to achieve both of these objectives, and help us empower patients to better manage their health and wellness.”

About NexJ Systems Inc.

NexJ is a provider of cloud-based software, delivering enterprise solutions for the financial services, insurance and healthcare industries. Our next-generation, people-centered software combines industry-specific functionality with information from multiple applications and data stores to provide comprehensive knowledge of the individual.

Through the acquisition of Broadstreet Data Solutions Inc., NexJ has added expertise in data governance and management, data integration and quality, business intelligence and analytics, and mobile application development.

NexJ is named as Canada’s fastest growing company in the 24th Annual PROFIT 200 ranking by PROFIT Magazine, and ranks in the top 5 of the Deloitte Technology Fast 50™ for the third consecutive year. Based in Toronto, NexJ has clients throughout North America and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611.

About Leduc Beaumont Devon Primary Care Network

The Leduc Beaumont Devon Primary Care Network provides services for 57,000 patients in the City of Leduc, towns of Beaumont and Devon and all communities in Leduc County. A group of 51 family physicians in 11 clinics along with additional healthcare professionals, work together to improve primary care for our patients.

NexJ Forward-looking Statement

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on NexJ’s current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. NexJ’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see NexJ’s securities filings with the OSC and other securities regulators. NexJ securities filings are available on www.sedar.com. Unless otherwise required by applicable securities laws, NexJ disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information:
Matthew Bogart
Director, Corporate Communications
NexJ Systems Inc.
416-227-3708
matthew.bogart@nexj.com

The post Leduc Beaumont Devon Primary Care Network Selects NexJ Connected Wellness appeared first on NexJ Systems.

A conference call and live webcast will be held beginning at 5pm ET, which can be accessed by dialing 1-888-231-8191 or at www.nexj.com/go/q1-2013-results. Investors should dial in approximately 10 minutes before the teleconference is scheduled to begin.

A replay of the call will be available beginning May 1, 2013 at 8:00 p.m. ET through 11:59 p.m. on May 8, 2013 and can be accessed by dialing 1-855-859-2056 and using password 41149573.

About NexJ Systems Inc.

NexJ is a provider of cloud-based software, delivering enterprise solutions for the financial services, insurance and healthcare industries. Our next-generation, people-centered software combines industry-specific functionality with information from multiple applications and data stores to provide comprehensive knowledge of the individual.

Through the acquisition of Broadstreet Data Solutions Inc., NexJ has added expertise in data governance and management, data integration and quality, business intelligence and analytics, and mobile application development.

Based in Toronto, NexJ has clients throughout North America and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611.

The post NexJ Systems to Report First Quarter Fiscal 2013 Results on Wednesday, May 1, 2013 appeared first on NexJ Systems.

…Aite Group recognized them as best-in-class for large wealth management firm – and the market agrees. Three of the top 6 wealth management firms are their customers.

…their real opportunity lies in their health services offering and this year they won the Watchlist not only on the strength of their financial services offerings but on the power of their health services capabilities.

Read the full article here

The post ZDNet – CRM Watchlist 2013 Winners: Variety is the spice of business appeared first on NexJ Systems.

Financial Highlights for Q4 2013

• Revenue was $6.9 million, down 6% Y/Y
• Adjusted EBITDA (as defined below) was a loss of $4.2 million or $0.21 per share (basic and diluted) for the quarter ended December 31, 2012 as compared to an adjusted EBITDA loss of $2.3 million or $0.12 per share (basic and diluted) for the comparative period in 2011
• Net loss was $4.2 million or $0.21 per share (basic and diluted) for the quarter ended December 31, 2012, as compared to a net loss of $3 million or $0.15 per share (basic and diluted) for the comparative period in 2011

Financial Highlights for Fiscal Year 2012

• Revenue was $26.2 million, down 13% Y/Y
• Adjusted EBITDA (as defined below) was a loss of $14.8 million or $0.74 per share (basic and diluted) for the year ended December 31, 2012 as compared to an adjusted EBITDA loss of $5.9 million or $0.33 per share (basic and diluted) for the comparative period in 2011
• Net loss was $16.4 million or $0.83 per share (basic and diluted) for the year ended December 31, 2012, as compared to a net loss of $7.5 million or $0.42 per share (basic and diluted) for the comparative period in 2011
• Completed the acquisition of Broadstreet Data Solutions Inc. (“Broadstreet”)

“The integration of Broadstreet went well and we are already seeing the benefits of the management strength we acquired and the expansion of our offerings to the market,” said William M. Tatham, Chief Executive Officer of NexJ. “The restructuring of sales has led to dramatically increased sales activity which I am confident will translate in to a year of strong growth in 2013.

Recent Business Highlights

• Announced an agreement with Orion Health, a global leader in eHealth technology, to distribute joint capabilities and technologies such as NexJ Connected Wellness and the Rhapsody Integration Engine
• Deployed NexJ Scheduling and NexJ Assessments through MyChart – Sunnybrook’s personal health record (PHR) in support of Sunnybrook’s Family Practice team.
• Expanded the capability of NexJ Connected Wellness with the addition of an embedded terminology engine
• Ranked in the top 5 of the Deloitte Technology Fast 50™ Program for third consecutive year
• Broadstreet, now a part of NexJ, received the 2013 SAP® Canada Top Partner award: SAP Business Intelligence

Conference Call Information

NexJ will be hosting an earnings report conference call today at 5:00 p.m. ET. The call can be accessed via webcast or by phone by dialing 647-427-7450 (Toronto local or international) or 1-888-231-8191 (North America Toll Free). Investors should dial in approximately 10 minutes before the teleconference is scheduled to begin.

A replay of the call will be available beginning today at 8:00 p.m. ET through 11:59 p.m. on March 13, 2013 and can be accessed by dialing 416-849-0833 (Toronto local) or toll free at 1-855-859-2056 and using password 13742884.

Financial Statements for the period are available for download.

Non-IFRS Measures

This news release includes certain measures that have not been prepared in accordance with International Financial Reporting Standards (“IFRS”) such as Adjusted EBITDA and Adjusted EBITDA margin which are used to evaluate the Company’s operating performance as a complement to results provided in accordance with IFRS. The Company believes that Adjusted EBITDA and Adjusted EBITDA margin are useful supplemental information as they provide an indication of the results generated by the Company’s main business activities prior to taking into consideration how those activities are financed and taxed and also prior to taking into consideration asset depreciation and the other items listed below.

The term “Adjusted EBITDA” refers to net income/loss before deducting share-based payment expense, earn-out expense, finance income, finance costs, foreign exchange gain/loss, depreciation and income taxes. “Adjusted EBITDA margin” refers to the percentage that Adjusted EBITDA for any period represents as a portion of total revenue for that period.

The term Adjusted EBITDA and Adjusted EBITDA margin are not measures recognized by IFRS and do not have standardized meanings prescribed by IFRS. Therefore, Adjusted EBITDA and Adjusted EBITDA margin may not be comparable to similar measures presented by other issuers. Investors are cautioned that Adjusted EBITDA and Adjusted EBITDA margin should not be construed as an alternative to net income (loss) as determined in accordance with IFRS.

The following table reconciles Adjusted EBITDA to net loss:

About NexJ Systems Inc.

NexJ is a provider of cloud-based software, delivering enterprise solutions for the financial services, insurance and healthcare industries. Our next-generation, people-centered software combines industry-specific functionality with information from multiple applications and data stores to provide comprehensive knowledge of the individual.
Through the acquisition of Broadstreet Data Solutions Inc., NexJ has added expertize in data governance and master data management, data conversion and integration, data analytics and business intelligence, and mobile solution development.

NexJ is named as Canada’s fastest growing company in the 24th Annual PROFIT 200 ranking by PROFIT Magazine, and ranks in the top 5 of the Deloitte Technology Fast 50™ for the third consecutive year. Based in Toronto, NexJ has clients throughout North America and in Europe. For more information about NexJ Systems visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611
 

NexJ Forward-looking Statement

Certain statements in this press release, including statements about the financial conditions, and results of operations and earnings, may contain words such as “could”, “expects”, “may”, “should”, “will”, “anticipates”, “believes”, “intends”, “estimates”, “targets”, “plans”, “envisions”, “seeks” and other similar language and are considered forward-looking statements or information under applicable securities laws. These statements are based on the Company’s current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the Company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. The Company’s assumptions, although considered reasonable by the Company at the date of this press release, may provide to be inaccurate and consequently the Company’s actual results could differ materially from the expectations set out herein.

For additional information with respect to risks and other factors which could occur, see the Company’s Management’s Discussion and Analysis of Financial Condition and Results of Operations for the year ended December 31, 2012 dated March 6, 2013, and other securities filings with the Canadian securities regulators available on www.sedar.com. Unless otherwise required by applicable securities laws, the Company disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The post NexJ Systems Reports Fourth Quarter and Full Year 2012 Financial Results appeared first on NexJ Systems.

Read the full article here

The post itbusiness.ca – Sunnybrook’s MyChart shows benefits of Web-based healthcare appeared first on NexJ Systems.

Toronto, ON (March 4, 2013) — NexJ Systems Inc., (TSX: NXJ) a provider of cloud-based software, delivering enterprise solutions for the financial services, insurance, and healthcare industries today announced an agreement with Orion Health, a global leader in eHealth technology, to distribute joint capabilities and technologies such as NexJ Connected Wellness and the Rhapsody Integration Engine. The agreement will enable Orion Health to deliver a more integrated patient-centric care model for hospitals, regional healthcare providers, community care centres as well as the more than 35 million patients whose information is currently on Orion Health’s networks.

Orion Health is a leading global provider of clinical workflow and health data integration technologies and solutions. With more than two decades of expertise in the eHealth industry implementing solutions for Electronic Health Record (EHR), Clinical Portals and Integration Engines, Orion Health will integrate NexJ Connected Wellness and mobile solutions with its Rhapsody integration engine and patient portal technology to improve the quality of care and outcomes through a more engaged patient model.

“At NexJ, we believe that by connecting individuals with their care team and their health information we can encourage collaborative care and foster strong, trusting relationships between individuals and their care providers,” said Eric Gombrich, Senior Vice President & General Manager, Health Solutions. “Engaging people in their own health and wellness has the potential to increase the quality and safety of care and improve outcomes. NexJ is proud to partner with Orion Health and deliver a solution that can enable tremendous patient engagement, produce healthier populations, and ultimately lower the costs of healthcare delivery.”

“NexJ’s technology is focused on delivering people-centred healthcare solutions and we are excited about working together to deliver a robust solution that will support patients in achieving their wellness goals,” said Gary Folker, Senior Vice President, Orion Health. “With real-time access to patient information, providers can use internet and mobile solutions to securely connect to their patients and access their personal health information aggregated from multiple systems including laboratories, pharmacies, and EMRs, giving them a complete and current view of patient information. This integrated network and portal will look to improve patient engagement across the continuum of care.”

About NexJ Systems Inc.
NexJ is a provider of cloud-based software, delivering enterprise solutions for the financial services, insurance and healthcare industries. Our next-generation, people-centered software combines industry-specific functionality with information from multiple applications and data stores to provide comprehensive knowledge of the individual.

Through the acquisition of Broadstreet Data Solutions Inc., NexJ has added expertise in data governance and management, data integration and quality, business intelligence and analytics, and mobile application development.

NexJ is named as Canada’s fastest growing company in the 24th Annual PROFIT 200 ranking by PROFIT Magazine, and ranks in the top 5 of the Deloitte Technology Fast 50™ for the third consecutive year. Based in Toronto, NexJ has clients throughout North America and in Europe. For more information about NexJ visit www.nexj.com, e-mail info@nexj.com, or call 416-222-5611.

About Orion Health
Founded in 1993 in Auckland, New Zealand, Orion Health is a leading global, independently-owned health software organization. With an inherent ability to interconnect a wide variety of healthcare information systems, Orion Health has become the world’s leading provider of electronic health records (EHRs) and healthcare integration solutions. In Canada, thousands of clinicians and hundreds of provider facilities and OEM partners rely on Orion Health to facilitate data exchange between hospitals, health systems and EHRs, resulting in improved care coordination, increased cost savings and efficiencies, and enhanced quality of care. Orion Health is a preferred Canada Health Infoway Solution. More information can be found at: http://www.orionhealth.com.

NexJ Forward-looking Statement
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on NexJ’s current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. NexJ’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see NexJ’s securities filings with the OSC and other securities regulators. NexJ securities filings are available on www.sedar.com. Unless otherwise required by applicable securities laws, NexJ disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information:
Matthew Bogart
Director, Corporate Communications
NexJ Systems Inc.
416-227-3708
matthew.bogart@nexj.com

Karen Ewing
Director, Marketing, Orion Health
(647) 980-3617
karen.ewing@orionhealth.com

The post NexJ Systems Partners with Orion Health to Deliver Integrated Patient-Centric Solutions appeared first on NexJ Systems.