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NextGen Healthcare Chosen by Capital Women’s Care as Long-Term Revenue Cycle Management Partner
|By Business Wire
|July 31, 2014 05:00 AM EDT
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 it has
entered into a 10-year agreement with Capital Women’s Care, LLC to
continue providing revenue cycle management (RCM) services for long-term
financial sustainability and growth.
As a NextGen Healthcare client since 2002, Capital Women’s Care, one of
the largest private OB/GYN practices in the mid-Atlantic region with 45
locations and 178 providers, has utilized unparalleled revenue cycle
services and technology to optimize the patient experience and more
effectively coordinate care through synchronized clinical,
administrative and revenue processes, which results in improved outcomes.
Under the new long-term agreement, Capital Women's Care will continue to
leverage NextGen RCM Services to optimize their use of the NextGen®
product suite with best practice billing and collection services,
eligibility verification services, denial management, account management
and data analytics. Furthermore, Capital Women’s Care will utilize
NextGen RCM services to further support their business and position the
organization for continued growth and financial sustainability.
“In the healthcare industry, proper reimbursement for healthcare
services is crucial to the financial stability of any business, and
there is simply too much at stake to let administrative burdens hamper
our organization’s ability to practice medicine and financially thrive,”
said Debbie Redd, president and chief executive officer for Capital
“We are committed to retaining the expertise needed to leverage IT
Technology to streamline the revenue cycle, enhance cash flow and remain
competitive. With AR days consistently under 20 for the practice --
significantly below historic highs -- we have seen dramatic results
partnering with NextGen for our revenue cycle management function and
anticipate seeing more. Partnering with NextGen allows us to focus on
the front end processes as they focus on the back,” said Redd. “We are
thriving in healthcare today because RCM Services handles the business
side of our practices while our doctors focus on what they do best --
“The evolution to value-based medicine places an emphasis on revenue
cycle management services that can efficiently manage the business of
transforming patient care into positive financial outcomes and we are
pleased that Capital Women’s Care has placed their confidence in us,”
Sandler, executive vice president of NextGen RCM Services. “The
continued success realized by Capital Women’s Care demonstrates our
commitment to optimizing revenues by employing the right people,
processes and technology. We look forward to building on these
achievements and helping Capital Women’s Care continue to navigate the
ever-changing healthcare environment over the next 10 years.”
About Capital Women’s Care, LLC.
Based in Folton, Md., Capital Women’s Care is one of the largest private
OB/GYN practice in the mid-Atlantic region. With 45 locations - which
include 178 physicians, nurse practitioners and midwives - the practice
offers obstetrics and gynecology services in Maryland, Virginia and the
District of Columbia. For more information, visit http://www.cwcare.net/.
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
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 related to Capital Women’s Care’s
future use of the Company’s products, statements made by Monte Sandler
related to the Company’s future products and offerings, and statements
on the 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 products
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.
© 2014 Quality Systems, Inc., Irvine, CA 92612
® marks owned by Quality Systems, Inc.
All other non-QSI Marks are the property of their respective owners
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