| MediQuant's System Conversion & Data Retention Options |
| Options |
Cost of Lost Provider Revenues |
Compatible With New System |
Service Fees |
Internal Costs |
Compliance with Data Retention Requirements |
Billing Follow-Up Ability |
Audit Readiness |
| The Data Ark & 4-6 month run-out on legacy system |
Very low risk of lost revenue |
Not an Issue, no legacy data to the new system |
$-Low cost software & support environment |
$-Limited staff involvement |
Fully Compliant, all data retained |
Complete follow-up ability |
Complete audit readiness |
| Full Conversion to new system - 10 years of accounts |
Greatest risk of delayed and lost revenues |
Some legacy data will not be compatible with new system |
$$$$$- Extensive involvement of external consultants |
$$$$$- Extensive involvement of staff |
Good if done properly; small mistakes are costly |
Good if done properly; small mistakes are costly |
Good if done properly; small mistakes are costly |
| Partial conversion to new system - Active Accounts Only |
Greatest risk of delayed and lost revenues |
Some legacy data will not be compatible with new system |
$$$$$- Extensive involvement of external consultants |
$$$$$- Extensive involvement of staff |
Non-Compliant aged data lost |
Good for active accounts only; none at all for aged accounts |
Poor - data for aged accounts is lost |
| Balance Forward |
Some risk of lost revenue, unable to follow-up properly or answer questions |
Small data set, should be compatible |
$ |
$$$ |
Non-Compliant, current detail and all aged data lost |
Poor - data for aged accounts is lost |
Poor - data for aged accounts is lost |
| Run out A/R on old system for > 24 months |
Low risk of lost revenue; some lost by possible neglect |
Not an issue, no legacy data to the new system |
$$$$$- supporte fees for legacy software & hardware |
$$$$$ - staff time supporting legacy system |
Non-Compliant, current detail and all aged data lost |
Good while old system is running, gone thereafter |
Good while old system is running, gone thereafter |
