NextGen Healthcare Launches ICD-9/ICD-10 Comparison Utility
NextGen Healthcare Launches ICD-9/ICD-10 Comparison Utility
Solution to help clients prepare for ICD-10 transition
HORSHAM, Pa.--(BUSINESS WIRE)-- NextGen Healthcare Information Systems, LLC., a wholly owned subsidiary of Quality Systems, Inc. (NAS: QSII) and a leading provider of healthcare information systems and connectivity solutions, announced today the launch of the company's proprietary ICD-9/ICD-10 Comparison Utility. The Comparison Utility, free to current NextGen Healthcare clients, is designed to help prepare those clients for the transition to ICD-10-CM diagnosis codes, scheduled to occur on October 1, 2014, when the number of diagnosis codes increases from approximately 14,000 to more than 70,000.
The NextGen Healthcare ICD-9/ICD-10 Comparison Utility is an educational and testing tool used by clients to help familiarize themselves with the mapping of ICD-10 codes to the ICD-9 codes most commonly used on a day-to-day basis. The ICD-9/ICD-10 Comparison Utility allows for the analysis of the 837 claim file, providing a snapshot of current billing with ICD-9 and the impact of changing to ICD-10 codes. Additionally, the ICD-9/ICD-10 Comparison Utility will provide NextGen Healthcare clients the capability to generate an 837 claim file with ICD-10 codes and analyze 835 remittance data in an effort to:
- Prepare for the ICD transition, currently scheduled for October 1, 2014
- Compare and convert ICD-9 codes to ICD-10 codes
- Create a valid 837 EDI file to send to Clearinghouse or Payer for testing purposes
- Help providers better understand which ICD-10 code sets will be used more frequently
- Allow coders to drill down further with ICD codes to assist with better reporting and learning
- Better understand the reimbursement comparison between ICD-9 and ICD-10 codes
- Understand and evaluate connectivity and electronic claims issues for a specific practice
"We recognize the importance of this transition and want clients to be prepared and informed of these industry changes and also understand how they might impact their practices and businesses," said Ana Croxton, vice president of EDI products and services for NextGen Healthcare.
"Our challenge was to find a way to make what appears to be a daunting change easier for our clients. We believe we succeeded in this regard with the development of our ICD-9/ICD-10 Comparison Utility. It offers clients a meaningful start on what ICD-10 means to them. By using our tool, NextGen clients can evaluate if and where additional education and training on the new codes is needed, thereby providing them with the necessary tools and best opportunity for success," she said.
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.
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 © 2013 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.
Michelle Rovner, 215-657-7010
KEYWORDS: United States North America Pennsylvania
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