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NextGen Healthcare Value-Based Care Solutions Help Unlock $82 Million in Medicare Savings

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REMOTE-FIRST COMPANY/WICHITA, Kan.--(BUSINESS WIRE)--Nov 16, 2023--

NextGen Healthcare, Inc. a leading provider of innovative, cloud-based healthcare technology solutions, today announced that its clients participating in the Medicare Shared Savings Program (MSSP) leveraged NextGen® Population Health to achieve a cumulative $82 million in total Medicare savings last year.

The MSSP incentivizes hospitals, associations of physicians, and other healthcare facilities to form accountable care organizations (ACOs) that optimize resources to save costs and better serve Medicare beneficiaries in their communities. Nine NextGen Healthcare clients around the country participated in MSSP ACOs in 2022, the latest year for which data is available. NextGen Population Health enabled these organizations to integrate actionable patient insights into electronic health record (EHR) workflows to improve engagement and care quality for attributed beneficiaries. With enhanced ability to identify and close gaps in care, the MSSP ACOs improved quality performance and achieved the following cumulative results for the 129,000 Medicare beneficiaries served:

  • $82 million in total Medicare savings
  • $42 million in shared savings
  • $27.85 average shared savings per member per month
  • 83.9% average quality score

“As the healthcare landscape increasingly shifts towards value-based care, NextGen Healthcare is helping ACOs leverage data and actionable insights at the point of care to reach evolving standards of clinical and financial excellence,” said Srinivas (Sri) Velamoor, chief growth & strategy officer for NextGen Healthcare. “We are proud to support our clients’ commitment to providing high-quality and cost-effective care for Medicare patients and manage their transition to risk-based arrangements.”

Hutchinson Clinic, a NextGen client serving South Central Kansas and representing a network of more than 100 physicians and 600 employees, participated in an MSSP ACO in 2022 and achieved savings for their Medicare beneficiaries.

“NextGen Healthcare has proven instrumental to our mission of elevating care delivery for Medicare beneficiaries in the region,” said Dr. Michael Little, Medical Director of Informatics and Population Health, Hutchinson Clinic. “This powerful analytics solution accelerates our ability to mine data and make insights-based decisions.”

Visit NextGen Healthcare to learn more about how NextGen Population Health is helping organizations practice value-based care.

About Hutchinson Clinic

The Hutchinson Clinic is a team of more than 100 physicians and providers and over 600 employees. Our goal is the highest possible standard of comprehensive medical and surgical care. Representing the major specialties of medicine, the expertly-trained Hutchinson Clinic physicians bring their cumulative knowledge and experience to each patient's needs. The mission of the Hutchinson Clinic is to maintain a culture of excellence by delivering to our patients the most advanced, timely, and compassionate care possible.

About NextGen Healthcare, Inc.

NextGen Healthcare, Inc. is a leading provider of innovative healthcare technology and data solutions. We are reimagining ambulatory healthcare with award-winning EHR, practice management and surround solutions that enable providers to deliver whole-person health and value-based care. Our highly integrated, intelligent, and interoperable solutions increase clinical quality and productivity, enrich the patient experience and drive superior financial performance. We are on a relentless quest to achieve better healthcare outcomes for all. Learn more at nextgen.com, and follow us on Facebook, X, LinkedIn, YouTube, and Instagram.

View source version on businesswire.com:https://www.businesswire.com/news/home/20231116474594/en/

CONTACT: Media

Anjali Bright

731-234-6422

abright@nextgen.com

KEYWORD: UNITED STATES NORTH AMERICA KANSAS

INDUSTRY KEYWORD: TECHNOLOGY HOSPITALS HEALTH TECHNOLOGY SOFTWARE INTERNET MANAGED CARE HEALTH GENERAL HEALTH DATA MANAGEMENT

SOURCE: NextGen Healthcare, Inc.

Copyright Business Wire 2023.

PUB: 11/16/2023 01:48 PM/DISC: 11/16/2023 01:48 PM

http://www.businesswire.com/news/home/20231116474594/en