Customize Your Data Retention Roadmap®?
Congratulations! You’ve chosen a new system. You may have even completed implementation. However, now you’re facing a new challenge: what should you do with the old data? Chances are you want to retire the legacy system, but know how critical it is to retain end-user access to clinical and financial information. The good news is that legacy system retirement doesn’t have to be so overwhelming. MediQuant’s Data Retention Roadmap® is a proven consultative process that manages your transition to:
- Maintain cash flow
- Maintain complete access to clinical, financial and ERP data
- Reduce costs
- Improve IT efficiencies
- Achieve federal and state compliance
Ensure Success with a Detailed Approach
Every decommissioning project is unique. By getting to know your specific requirements up front, we form a strategic and tailored plan that achieves compliance while maintaining effective data access even after your legacy system has been decommissioned. The Data Retention Roadmap is a comprehensive, customized approach designed to complete your data transition in a timely manner, reduce costs and achieve your legacy application retirement and data retention goals.
Tailor a Solution for Your Exact Volume
MediQuant has experience working with large multi-facility health systems, single-application offices and everything in between. We excel at balancing desired timelines with server risks and resource constraints to meet end goals. The Data Retention Roadmap is a crucial step that enables the most seamless and cost-effective solution for whatever volume of applications you’re currently operating.
Get in touch with us today, and we can start developing your custom Data Retention Roadmap.
Is Legacy System Retirement the Right Option?
While alternatives to legacy system retirement have some advantages, they also pose significant shortcomings.
Full Detail Conversion—Achieves compliances and maintains cash flow but requires compatibility between legacy systems and new HIS, which is rarely the case. Carries highest cost and risk of cash-flow interruption.
Balance Forward—Successfully completes financials but does not move details necessary to re-bill accounts. Is least compliant and least helpful in maintaining cash flow.
A/R Rundown—Safely manages aged receivables (A/R) by running out the A/R on the old system but does not account for a three-year service period necessary for all billing functions.
Legacy system retirement with MediQuant empowers you to successfully retire legacy data while retaining access and cash flow – with as much as 80% in cost savings. Learn more!
How to Eliminate Legacy Systems Costs
Learn more about legacy system decommissioning and the fiscal and functional advantages MediQuant’s Active Archiving solution, DataArk, delivers. Request the White Paper.
HIS system conversions can put a hospital at risk of significant cash flow slow-downs and begs the question of what to do with the legacy data (due to 10-year data retention requirements).
Traditional options for managing healthcare legacy data all have inherent and significant risks affecting cash flow, effective operation of the new system and the legally required retention of healthcare legacy data. These problems can all be solved with a new but well tested strategy: run the A/R out on the legacy system then migrate active and inactive (historical) data to the DataArk. Read more about DataArk.
Migrating to Soarian, Epic, McKesson Horizon and Paragon and Other Systems
Many hospitals are converting to some of the newer clinical and financial health information systems. The older systems, such as Invision, Medseries 4, Series, HealthQuest, IDX Last Word, CareCast, FlowCast, Allscripts Mysis and others possess the vital data required to maintain data retention compliance and to work old A/R. MediQuant’s DataArk houses data sets from these older applications, allowing our clients to move to the new Epic, Sorian Financials, Horizons, Paragon and others in a more timely manner, keeping their HIS implementation on-time and within budget.