NextServices CEO Predicts that the Future of Healthcare Revenue Cycle Management Goes Hand in Hand with the Success of EHR Systems and National and Regional HIE's

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CEO of NextServices shares industry insight and opinions on the future relationship of healthcare revenue cycle management, electronic health records and health information exchanges, resulting in reduced medical errors, better patient care and more.

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By ensuring that EHRs are utilized as a tool in every practice and facility, patient data traditionally locked up in boxes of paper, is set free.

NextServices CEO, Satish Malnaik predicts that healthcare revenue cycle management solutions will merge into a well integrated network of EHR software, healthcare analytics, and HIE's.

"By ensuring that EHRs are utilized as a tool in every practice and facility, patient data traditionally locked up in boxes of paper, is set free. By making that valuable data portable through HL7 integration and via regional and national health information exchanges (HIE's), tremendous value will be created in the near future," said Malnaik. "Combining the learnings and elements of revenue cycle management with sophisticated data analytics drives up that value further."

With meaningful use EHR incentives, ANSI 5010 around the corner, and ICD-10 on the horizon, the industry is going through an evolution that will support this new future when the dust settles. "The future of health information networks, likely in place within a 3 to 5 year window, will be operating on such an integrated platform ensuring that all healthcare providers and facilities will look through that same lens and view the same patient information," said Malnaik. "This will not only reduce medical errors, but dramatically eliminate redundancy of medical services and ultimately result in better patient care by making available a complete patient history at their fingertips, no matter how many facilities and providers the patient has been seen by."

In 2012, success for medical practices and health systems alike is going to be driven by their ability to adapt to these technologies and seamless integration. Operating without this toolkit composed of cloud-based revenue cycle management, mobile EHR's, and healthcare analytics plugged into HIE's, would be risking exclusion from a patient centric, consumer driven healthcare network of the future.

ABOUT ELECTRONIC HEALTH RECORDS
This systematic collection of electronic health information about individual patients or populations is a record in digital format. It is capable of being shared across different health care settings by being embedded in network-connected enterprise-wide information systems. Such records may include a whole range of data in comprehensive or summary form, including demographics, medical history, medication and allergies, immunization status, laboratory test results, radiology images, vital signs, personal stats like age and weight, and billing information.

ABOUT NEXTSERVICES
Nextservices is one of the leading providers of cloud-based revenue cycle management services and healthcare delivery solutions. Bringing an innovative approach to combining technology and services, NextServices offers a seamlessly integrated platform of web based and mobile software. NextServices state of the art solutions for specialist healthcare providers deliver superior value for small / mid-sized specialty practices and to ambulatory surgery centers. For more information contact (866) 648-6314 or visit the company's website at http://www.nextservices.com.

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Emily Cole
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