NextGen Healthcare to Help Clients Transition to Value-Based Care and MACRA Final Rule Requirements
October 14 2016 - 7:28PM
Business Wire
Initial reaction and client support for MACRA
Final Rule Announcement
NextGen Healthcare Information Systems, LLC., a wholly owned
subsidiary of Quality Systems, Inc. (NASDAQ: QSII) today offered a
statement in response to the Centers for Medicare & Medicaid
Services (CMS) release of the long-anticipated final rule for
implementing the MACRA law passed in 2015.
In response to the MACRA Final Rule announcement, Rusty Frantz,
NextGen Healthcare president and CEO, said, “NextGen Healthcare is
fully-committed to supporting our clients through this transition.
We have proactively developed a comprehensive suite of tools and a
support infrastructure that includes complimentary education
programs, a value-based readiness survey to assess a client’s
current state, as well as full consulting services to help guide
clients and ensure they optimize reimbursement under the MACRA
program.”
Education webinars for clients about MACRA and Value-Based Care
begin next week and our NextGen User Group Meeting, which will be
held Nov. 6-9, 2016, will focus on MACRA and Value-Based Care. In
addition to numerous education and training sessions on these
topics, NextGen Healthcare will provide MACRA readiness assessments
for attendees, with a goal to help clients identify needs so
together we can create a customized plan and choose which
reimbursement path they will take. Clients can still register to
attend NextGen ONE UGM here.
For more information on MACRA and value-based care visit
www.nextgen.com/MACRA.
About NextGen Healthcare
NextGen Healthcare, a wholly owned subsidiary of Quality
Systems, Inc., helps ambulatory care organizations succeed in
value-based care by empowering them to nurture measurably healthier
patients and communities at a lower cost. It does this with deep
clinical, financial, operational, and regulatory expertise, using
consulting and educational services coupled with a robust
technology portfolio of flexible, scalable, and cost-effective
ambulatory solutions; including a certified EHR, practice
management, interoperability, care management, patient engagement
and population health management, analytics, e-transaction, and
revenue cycle management solutions. For more information, visit
www.nextgen.com. Follow NextGen Healthcare on Twitter, Facebook, or
LinkedIn.
SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements within
the meaning of the federal securities laws, including but not
limited to, statements regarding future events, developments in the
healthcare sector and regulatory framework, 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, net
income, and earnings per share). Risks and uncertainties exist that
may cause the results to differ materially from those set forth in
these forward-looking statements. Factors that could cause the
anticipated results to differ from those described in the
forward-looking statements and additional risks and uncertainties
are set forth in Part I, Item A of our most recent Annual Report on
Form 10-K for the fiscal year ended March 31, 2016 and subsequently
filed Quarterly Reports on Form 10-Q, including but not limited to:
the volume and timing of systems sales and installations; length of
sales cycles and the installation process; the possibility that
products will not achieve or sustain market acceptance; seasonal
patterns of sales and customer buying behavior; 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 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; changes of accounting estimates and assumptions
used to prepare the prior periods' financial statements;
disruptions caused by acquisitions of companies, products, or
technologies; and general economic conditions. A significant
portion of the Company's quarterly sales of software product
licenses and computer hardware is concluded in the last month of a
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. These forward-looking
statements speak only as of the date hereof. The Company undertakes
no obligation to publicly update any forward-looking statements,
whether as a result of new information, future events or
otherwise.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161014005906/en/
NextGen HealthcareShannan Bieler,
215-657-7010sebieler@nextgen.com
Quality Systems (NASDAQ:QSII)
Historical Stock Chart
From Mar 2024 to Apr 2024
Quality Systems (NASDAQ:QSII)
Historical Stock Chart
From Apr 2023 to Apr 2024