|By Business Wire||
|July 17, 2014 12:23 PM EDT||
NextGen Healthcare Information Systems, LLC., a wholly owned subsidiary of Quality Systems, Inc. (NASDAQ: QSII) and a leading provider of healthcare information systems and connectivity solutions, announced today that it will provide revenue cycle management (RCM) services to improve charge integrity, revenue capture and accounts receivables collections at Putnam County Memorial Hospital (PCMH). The new agreement underscores NextGen RCM Services ability to help streamline business processes, reduce costs and support growth for hospitals and ambulatory healthcare organizations alike.
Under the agreement, NextGen RCM Services will deploy its best practices while assuming responsibility for the management and functional oversight of the business office for Putnam County Memorial Hospital, a 25-bed general medical and surgical hospital in Unionville, Mo. Utilizing NextGen RCM Services, PCMH can leverage one platform across its enterprise connecting and synchronizing their clinical, administrative, and revenue solutions to enhance existing financial and operational workflows.
With a long history of business with physician practices and billing services, NextGen RCM Services is expanding quickly into the hospital RCM services space to address problems specific to the claim and payment phases of hospital reimbursement.
“We are committed to serving our community while maintaining financial viability amid this rapidly changing healthcare environment and based on that commitment, we needed a trusted partner that not only brings extensive business office expertise, but also a proven ability to deliver and sustain high financial performance,” explained Jerry Cummings, chief operating officer at Putnam County Memorial Hospital. “We are confident that outsourcing our Hospital Patient Accounting Department with NextGen will help us achieve sustained, positive financial performance, freeing our physicians to focus on providing great care for the people of Putnam County.”
“The financial inner working is the lifeline of any healthcare organization. With the double burdens of Medicare and Medicaid cuts coupled with shifting reimbursement models, hospitals are dedicating unprecedented attention to business processes and workflows as they seek to maintain financial viability and ensure optimal collections in the face of growing financial challenges. To that end, many hospitals have antiquated RCM technology and talent that lack the necessary functionality and expertise needed to address a number of RCM complexities,” said Monte Sandler, executive vice president of NextGen RCM Services. “Organizations must focus on ensuring they have the right people, processes and technology in place to benefit from the redesign of a healthcare reimbursement model. Our partnership with Putnam County Memorial Hospital underscores our commitment to improving financial and clinical outcomes through automation, analytics and personal service. Additionally, it helps position our Company for continued growth as we continue to expand our RCM footprint from ambulatory physicians to the hospital market.”
About Putnam County Memorial Hospital
Putnam County Memorial Hospital is a general medical and surgical hospital in Unionville, MO, with 25 licensed beds offering Inpatient, Outpatient, and Patient/Family Support Services. Putnam County Memorial Hospital in Unionville, Missouri is a not for profit county wide hospital whose mission is to provide enhanced quality patient care and provide comprehensive medical services to the residents of Putnam County and its surrounding areas. For more information, visit www.pcmhosp.com/
About NextGen Healthcare
NextGen Healthcare Information Systems, LLC, a wholly owned subsidiary of Quality Systems, Inc., provides integrated clinical, connectivity and financial solutions, including revenue cycle management services 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, Facebook at http://www.facebook.com/NextGenHealthcare or LinkedIn at http://www.linkedin.com/company/nextgen-healthcare-information-systems.
Certain statements in this news release are forward-looking statements within the meaning of the federal securities laws, including but not limited to those statements made by Monte Sandler related to the Company’s future products and offerings, and developments and trends in the healthcare industry. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results could vary materially from the Company’s expectations and projections. Factors that could cause the anticipated results to differ from those described in the forward-looking statements include the possibility that the products of Cerner or the Company will not achieve or sustain market acceptance; the impact of incentive payments under The American Recovery and Reinvestment Act on sales and the ability of the Company to meet continued certification requirements; 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 our software; changing economic, political or regulatory influences in the healthcare industry; 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; and general economic conditions. Additional risks and uncertainties are set forth in the Company’s public filings with the U.S. Securities and Exchange Commission, including the discussion under the heading "Risk Factors" in the Company’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. The Company expressly disclaims any intent or obligation to update these forward-looking statements except as required by law.
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