NextGen Healthcare Launches Industry-First Quality and Cost Measurement Capability
IRVINE, Calif.--(BUSINESS WIRE)--Nov 6, 2018--NextGen Healthcare, Inc. (NASDAQ:NXGN), the leading provider of ambulatory-only healthcare technology solutions, today announced the availability of Quality/Cost Fusion, a new Population Health analytics capability that enables healthcare organizations to measure the true value of care delivered to their patients.
To date, reporting has been focused either on the quality of care or the cost of care with no ability to create a “fused” view. Quality/Cost Fusion measures “value,” which is the risk adjusted summation of cost and quality. By combining clinical and adjudicated claims data, the tool helps providers successfully transition to value-based care. It also helps identify best practices that can be disseminated across an organization, while at the same time identifying providers that might benefit from additional training and support.
“Our goal is to deliver high-value care at affordable costs for every patient in our practice,” stated Dr. Verlin Janzen, Chief Medical Officer, Medical Informatics and Population Health for Hutchinson Clinic. “Quality/Cost Fusion has empowered us to see the full picture. It allows our physicians to objectively answer the question, ‘Am I creating more value for my patient?’ Our medical and financial leaders frequently share data with our providers to address this question. These analytics will be transformational.”
The Quality/Cost Fusion capabilities are part of the NextGen ® Population Health platform, a modular, cloud-based solution that draws on multiple data sources such as clinical, HIE, financial, adjudicated claims, and patient-derived data to create actionable insights presented and integrated at the point of care. These insights are essential for health care organizations transitioning from “volume” to “value” in an increasingly risk-laden environment.
“Healthcare organizations need to invest in insight platforms and advanced analytics to deliver more effective care and consumer engagement,” said Kate McCarthy, Senior Analyst at Forrester Research. “Value-based care is ultimately about getting patients the right care, at the right time, in the right setting, to deliver high-quality, cost-effective care.”
“Physicians often voice their fatigue with over-measurement. Cost/Quality Fusion provides rich insights with elegant, focused metrics which physicians find very appealing,” said Dr. Betty Rabinowitz, Chief Medical Officer for NextGen Healthcare.
NextGen Healthcare clients who currently leverage the NextGen ® Population Health platform have access to the new offering automatically. For those interested in learning more about the NextGen Population Health platform, visit https://www.nextgen.com/how-we-help/Population-Health.
About NextGen Healthcare, Inc.
NextGen Healthcare is enabling the transformation of ambulatory care by providing a range of software, services, and analytics solutions to medical and dental group practices. The company’s portfolio delivers foundational capabilities to empower physician success, enrich the patient care experience, and enable the transition to value-based healthcare. Visit www.nextgen.com for additional information.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20181106005862/en/
Crystal Shif, 949-255-2600 x 76137
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE PRACTICE MANAGEMENT HEALTH OTHER HEALTH MANAGED CARE
SOURCE: NextGen Healthcare, Inc.
Copyright Business Wire 2018.
PUB: 11/06/2018 02:18 PM/DISC: 11/06/2018 02:17 PM