HORSHAM, Pa.--(BUSINESS WIRE)--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 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 Women’s Care.
“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 -- patient care.”
“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,” said Monte 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 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 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.
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