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
DataArk & 4-6 month A/R 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 $$$$$-Extensive involvement of external consultants $$$$$ Extensive involvement of staff Good if done properly; small mistakes are costly Good if done properly; small mistakes are costly Good if done properly; small mistakes are costly
Partial Conversion to new system - Active Accounts Only Greatest risk of delayed and lost revenues Some legacy data will not be compatible with new system $$$$$- Extensive involvement of external consultants $$$$$- Extensive involvement of staff Non-Compliant aged data lost Good for active accounts only; non at all for aged accounts Poor - data for aged accounts is lost
Balance Forward Some risk of lost revenue, unable to follow-up properly or answer questions Small data set, should be compatible $ $$$ 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 $$$$$-support fees for legacy software & hardware $$$$$-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