Quality Systems Executes Agreement to Acquire Healthcare Strategic Initiatives

To enhance electronic medical records solutions, more one-stop shop acquisitions to allow a practice the ability to save time and find the resources required with one company, the trend in the business world today...billing and collection services are something a practice can't live without today, thus this offers a new opportunity to outsource versus handling in house...along with many other services...not to mention training and support....BD

HORSHAM, Pa.--(BUSINESS WIRE)--NextGen Healthcare Information Systems, Inc., a wholly owned subsidiary of Quality Systems, Inc. (“QSI”) (NASDAQ: QSII - News) and a leading provider of ambulatory healthcare information systems and connectivity solutions, today announced that QSI has entered into an agreement to acquire St. Louis-based Healthcare Strategic Initiatives (“HSI”), a full-service healthcare revenue management company servicing healthcare clients.
NextGen Healthcare recently announced NextGen^® Practice Solutions, a line of business devoted to providing physician practices with cost-effective revenue cycle management (RCM) services. The acquisition of HSI is one aspect of NextGen Healthcare’s growth strategy for this division.
Founded in 1996, HSI currently provides revenue management services to thousands of providers including health systems, hospitals and physicians in private practice. Its in-house team consists of more than 200 employees, including Certified Public Accountants and specialists in medical billing, coding and compliance, payer credentialing and information technology. Core services include receivable and reimbursement management and healthcare consulting (billing and collection services), with additional service offerings for medical coding and documentation education, payer credentialing and full-service information technology solutions. Through these services, HSI works on behalf of clients to optimize the revenue cycle through best practice solutions.