From the Wires
NextGen Healthcare Forges Partnership with Aviacode
By: Business Wire
Nov. 28, 2012 05:00 AM
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 partnered with Aviacode, the industry leader in technology-enabled medical coding services, to provide integrated cloud-delivered medical coding services to NextGen Healthcare clients.
Under this agreement, NextGen Healthcare clients can leverage Aviacode’s ProCoder™, a web-based coding system, along with Aviacode’s experienced network of specialty-specific certified coders to help improve the accuracy and efficiency of medical coding – a critical component of the healthcare revenue cycle.
Through this partnership, providers can take advantage of special pricing on Aviacode’s turnkey medical coding services. The NextGen Healthcare and Aviacode platforms are seamlessly integrated with the billing system to ensure the highest degree of data integrity. This provides a more efficient option for medical coding services to help clients optimize revenue while minimizing compliance risk.
“In the healthcare industry, proper reimbursement for healthcare services is crucial to the financial stability of any business. However, fair and complete reimbursement is only realized when services are accurately coded,” noted David Jensen, founder and chief executive officer at Aviacode. “This partnership allows Aviacode to continue its growth with the leading practice management and electronic health record system in the industry.”
“Realizing appropriate payment for services is a challenge for healthcare providers across the board and becoming increasingly difficult. Our goal has been, and continues to be, helping our clients reduce costs while improving the quality of care. Coding can have a major impact on a provider’s ability to manage revenue, insurance denials and compliance risk,” said Monte Sandler, executive vice president for NextGen RCM Services. “Our partnership with Aviacode is just one more example of the solutions and services we offer that afford providers the opportunity to leave their revenue cycle worries to us -- the experts -- allowing them to focus on clinical competency and patient care.”
Aviacode is the industry leader in technology-enabled medical coding services. For more information, visit www.aviacode.com or call 855-GET-CODING. Follow Aviacode on Twitter at http://twitter.com/Aviacode, Facebook at http://facebook.com/Aviacode or LinkedIn at http://linkedin.com/company/Aviacode.
About NextGen Healthcare
NextGen Healthcare Information Systems, LLC, a wholly owned subsidiary of Quality Systems, Inc., 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 , Facebook at http://www.facebook.com/NextGenHealthcare or LinkedIn at http://www.linkedin.com/company/nextgen-healthcare-information-systems.
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.
Copyright © 2012 NextGen Healthcare Information Systems, LLC. All rights reserved.
NextGen is either a registered trademark or trademark of QSI Management, LLC, an affiliate of NextGen Healthcare Information Systems, LLC. All other names and marks are property of their respective owners. Patent pending.
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