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Quality Systems - Steven T. Plochocki

Gold Stevie Award Winner 2012, Click to Enter The 2013 American Business Awards


Company: Quality Systems, Inc., Irvine, CA
Entry Submitted By: PAIRELATIONS, LLC
Company Description: 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.
Nomination Category: Management Categories
Nomination Sub Category: Executive of the Year - Computer Services

Nomination Title: Steven T. Plochocki, CEO

Tell the story about what this nominee achieved since January 1 2011 (up to 500 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. Be sure to mention obstacles overcome, innovations or discoveries made, and outcomes:

2011 marked the first year of the U.S. Government’s stimulus plan, whereby physicians are incentivized as they move from a paper-based practice to an electronic platform (The American Recovery and Reinvestment Act - ARRA).

This created significant opportunity for Quality Systems, Inc. (QSI), a leading provider of electronic health records (EHR) and other electronic-based healthcare solutions, that has been busy for preparing for this extraordinary time in history.

Under CEO Steven T. Plochocki’s leadership, QSI is already reaping benefits. As a Board member for four years prior to being named CEO in 2008, he had a clear vision about QSI’s direction and a defined strategy to growth and success.

This once-in-a-lifetime event created both opportunity as well as challenges. However, QSI’s senior management stepped up to the plate together and have been planning for this industry sea-change. Through proper execution and teamwork, Plochocki led the team to implement accordingly throughout 2011, as evidenced by:

• Integration of NINE self-funded acquisitions that occurred between 2007 and 2011
• Expanded sales, training and implementation staff by 35 percent
• Increased employee base by 500 to 2,000
• Strengthened infrastructure through creation and management of five distinct business units, each growing at double-digit rates; all of whom are now positioned to cross sell
• Introduced and maintained cutting-edge certified products and solutions, for Accountable Care Organizations, a new delivery model emerging under healthcare reform

Results during 2011 include:

• Reaching a record 30 analysts following the QSI since the company and sector are now among the “hottest”
• Tripling the share price
• Splitting the stock to offer greater value to shareholders in addition to dividend payout
• Rising market capitalization levels; tripling to $2.5 billion
• Increasing revenues 23 percent(average annual growth rate over past five years) and net income 30 percent for the same period
• Rated annually by FORBES as America’s 200 Best Small Companies (with improved position each year for the past decade) and also included in top 25 fastest-growing tech companies list
• Signed 300+ new contracts with medical practices; now serving 80,000 physicians spanning 3,800 groups. Represents average growth of 30 percent
• Fortified pipeline for new business, now at record levels in the company’s nearly 40-year history
• Established subsidiary in India with 150 developers and engineers employed
• Forged several strategic alliance partnerships to expand internationally and introduce the company solutions overseas
• Garnered numerous awards recognizing management, growth and market leadership role including: those from Forum for Corporate Directors (recognizes Board member contributions); Tech America (appreciates efforts of tech entities) national and local; Association for Corporate Growth (recognizes a company that has exhibited distinctive strategic positioning as well as sustainable growth, among others
• Introduction of a range of innovative solutions for helping doctors enhance their patient relationships and allow for the better deliver healthcare such as NextPen, NextGen Mobile, Health Information Exchange, Patient Portal and Performance Management. All these new, pioneering solutions have allowed QSI to stand out in a crowded marketplace, which has found itself under the spotlight, based on the ARRA

Under Plochocki’s leadership, QSI continues to excel.

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Provide a brief (up to 100 words) biography about the nominee:

Steven T. Plochocki, CEO at Quality Systems, Inc. for the past four years, is a seasoned healthcare leader with more than three decades of healthcare experience. He is an architect of turnaround and credited with the successful turnaround/restoration of several leading healthcare entities. Plochocki has demonstrated a passion and affinity for the human spirit which transcends his management style. Plochocki was named Ernst &Young Entrepreneur of the Year award (Orange County – 2002) and was inducted into their entrepreneurship Hall of Fame that same year. In June 2011, he was named Outstanding Technology CEO in TechAmerica's 18th Annual Orange County, Calif. High-Tech Innovation awards. It is his keen understanding and expertise of the continually evolving healthcare industry that put Plochocki on the medical map.