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, services and connectivity solutions, announced today it has entered into an agreement with Milliman, Inc., a premier global consulting and actuarial firm, to license risk analysis and predictive modeling tools for population health and collaborative care management.
Under the agreement, Milliman will provide patient risk scoring, stratification and analysis of Medicare patients and facilitate the exchange of patient data among those providers utilizing NextGen® Care, the Company’s new Population Health Solution. NextGen Care works within the electronic health record (EHR) workflow to aid the care management process. Likewise, the Milliman analytics are surfaced within the clinical workflow to facilitate individual patient care by the provider and care teams, as well as in support of automated, proactive patient outreach to identify care opportunities for individual and groups of patients alike. The Milliman analysis provides a score or a percentile ranking of where patients rank within the patient population to help identify and proactively manage those patients most likely to be sick and those with the highest treatment costs.
Moreover, patient risk scoring can identify individual patients and patient cohorts for effective chronic disease management. Cohorts are defined as a group of patients who share similar symptoms, or chronic conditions that the care team monitors and manages over a period of time. Providers can easily identify “high” risk patients, cohorts and/or gaps in care so they can follow up with the most effective clinical action resulting in improved health outcomes for each patient and across the patient population. This risk analysis will enable NextGen Healthcare clients to more cost-effectively manage individual patients, patient populations and their business while improving quality of care throughout their practices.
“Value-based healthcare will require physicians and healthcare systems to use sophisticated analytics that reveal opportunities for improving quality and efficiency. The seamless transformation of data can quickly increase an organization’s ability to deliver high-quality care in an efficient manner,” said Arthur L. Wilmes, FSA, MAAA Principal and Consulting Actuary for Milliman. “We are pleased to work with an industry-leader like NextGen Healthcare.”
“Mitigating risk is important to the success of any enterprise. In healthcare, the more accurate data organizations can obtain about their patient’s health risks, utilization and costs, the better positioned they will be for success in our new value-based delivery models,” said Michael Lovett, executive vice president and general manager for NextGen Healthcare. “Through our collaborative efforts with Milliman, we are deriving risk down to the patient level – where actual health care takes place. By providing actionable data at the point of care, we are helping providers make more informed clinical decisions and develop interventions that target high-risk, high-cost patients, thereby allowing for changes in their cost structures and improvements in outcomes.”
About Milliman, Inc.
Milliman, Inc. is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in life insurance and financial services, healthcare, property & casualty insurance, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. For further information, visit www.milliman.com.
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, visit www.nextgen.com and www.qsii.com. Follow us on Twitter, Facebook, LinkedIn and YouTube.
About Quality Systems Inc.
Irvine, Calif.-based Quality Systems, Inc. and its NextGen Healthcare subsidiary develop and market computer-based practice management, electronic health records and revenue cycle management applications as well as connectivity products and services for medical and dental group practices and small hospitals. Visit www.qsii.com and www.nextgen.com for additional information.
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 the use of the Company’s future products and offerings, and those statements made by Michael Lovett related to the Company’s future products and offerings, and 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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