NextGen Healthcare to Optimize Revenue Cycle Management for Palm Beach Orthopaedic Institute

February 3rd, 2011 | Data Management , Technology | 0 Comments »

Specialty practice expands its relationship with NextGen Healthcare to foster critical integration between enterprise-wide clinical and operational functions

HORSHAM, Pa. (February 03, 2011) – NextGen Healthcare Information Systems, Inc., a wholly owned subsidiary of Quality Systems, Inc. (NASDAQ: QSII) and leading provider of healthcare information systems and connectivity solutions, today announced that Palm Beach Orthopaedic Institute (PBOI) will leverage revenue cycle management services from NextGen? Practice Solutions to optimize its collections and drive business growth.

A leading orthopaedic practice in Florida, PBOI’s board-certified and fellowship-trained physicians offer comprehensive, multi-specialty orthopaedic care, such as physical medicine and rehabilitation and podiatry. The practice deployed NextGen® Ambulatory EHR and NextGen® Practice Management in 2006, and has since realized a number of key clinical and operational benefits, such as enhanced access to patient data, increased financial efficiencies, and improved customer service and satisfaction with both patients and referring physicians. However, PBOI has struggled to find the qualified personnel resources needed to overcome its distinctive billing challenges.

To aid in fulfilling this need, NextGen Practice Solutions will provide high-tech revenue cycle management services that enable PBOI to stay current with reimbursement changes, billing trends and regulatory developments

“Establishing a deeper partnership with NextGen Practice Solutions was seamless because of its tight integration with NextGen technology,” said Brian Bizub, chief executive officer of PBOI. “No interfaces were needed, and the implementation team was thorough, leaving no questions unanswered. Within just a couple of weeks, NextGen Practice Solutions identified billing trends such as post adjudicated denial patterns and days in accounts receivable (DAR) by payer specific product. As a result, we now have full transparency to help manage our operational efforts and avoid any negative trends. This will ultimately improve our revenue cycle and allow us to provide better service to our patients.”

NextGen Practice Solutions provides technology-driven services that help drive efficient and effective business operations. These services are designed to:

  • optimize collections and revenue improvement;
  • enable best practice utilization of NextGen Practice Management;
  • analyze the current revenue cycle to determine issues that may hinder cash flow and growth;
  • customize and adapt services to meet unique practice requirements;
  • create workflow processes to streamline operations and reduce expenses;
  • align business office requirements with clinical activities;
  • identify specific examples of missed revenue and educate staff; and,
  • jointly establish goals and metrics, and regularly provide detailed performance reports.

“It’s always exciting when an existing client expands its relationship with NextGen Healthcare to tackle a unique business challenge,” said Scott Decker, president of NextGen Healthcare. “We are confident that by using our integrated portfolio of technology and services, PBOI will be able to leverage the full scope and power of our Practice Management functionality, in turn generating a significant positive impact on their patient satisfaction.”

For more details on how NextGen Practice Solutions can help your organization, please visit http://www.nextgen.com/Services/practice-solutions/RCM.aspx.

About NextGen Healthcare

NextGen Healthcare Information Systems, Inc., a wholly owned subsidiary of Quality Systems, Inc. (NASDAQ: QSII), provides integrated clinical, financial and connectivity solutions for ambulatory, inpatient and dental provider organizations. For more information, please visit www.nextgen.com and www.qsii.com. Follow NextGen Healthcare on Twitter at www.twitter.com/nextgen or Facebook at http://www.facebook.com/NextGenHealthcare. This news release may contain forward-looking statements within the meaning of the federal securities laws. Statements regarding future events, developments, the Company’s future performance, as well as management’s expectations, beliefs, intentions, plans, estimates or projections relating to the future (including, without limitation, statements concerning revenue and net income), are forward-looking statements within the meaning of these laws and involve a number of risks and uncertainties. Management believes that these forward-looking statements are reasonable and are based on reasonable assumptions and forecasts, however, undue reliance should not be placed on such statements that speak only as of the date hereof. Moreover, these forward-looking statements are subject to a number of risks and uncertainties, some of which are outlined below. As a result, actual results may vary materially from those anticipated by the forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: volume and timing of systems sales and installations; length of sales cycles and installation process; the possibility that the products will not achieve market acceptance; seasonal patterns of sales and customer buying behavior; the development by competitors of new or superior technologies; the timing, cost and success or failure of new product and service introductions, development and product upgrade releases; undetected errors or bugs in software; product liability; changing economic, political or regulatory influences in the health-care industry; changes in product-pricing policies; availability of third-party products and components; competitive pressures including product offerings, pricing and promotional activities; the Company’s ability or inability to attract and retain qualified personnel; possible regulation of the Company’s software by the U.S. Food and Drug Administration; uncertainties concerning threatened, pending and new litigation against the Company including related professional services fees; uncertainties concerning the amount and timing of professional fees incurred by the Company generally; changes of accounting estimates and assumptions used to prepare the prior periods’ financial statements; general economic conditions; and the risk factors detailed from time to time in Quality Systems’ periodic reports and registration statements filed with the Securities and Exchange Commission. A significant portion of the Company’s quarterly sales of software product licenses and computer hardware is concluded in the last month of the fiscal quarter, generally with a concentration of such revenues earned in the final ten business days of that month. Due to these and other factors, the Company’s revenues and operating results are very difficult to forecast. A major portion of the Company’s costs and expenses, such as personnel and facilities, are of a fixed nature and, accordingly, a shortfall or decline in quarterly and/or annual revenues typically results in lower profitability or losses. As a result, comparison of the Company’s period-to-period financial performance is not necessarily meaningful and should not be relied upon as an indicator of future performance. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

Patent Pending

Contact
NextGen Healthcare
Kristy DelMuto, 215-657-7010
kdelmuto@nextgen.com

Source: NextGen Healthcare