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MarketScreener Homepage  >  Equities  >  Nasdaq  >  NextGen Healthcare, Inc.    NXGN

NEXTGEN HEALTHCARE, INC.

(NXGN)
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NextGen Healthcare : Recognized as Top Practice Management Solution in 2020 Best in KLAS Report

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02/03/2020 | 08:04am EDT

Ambulatory Care Technology Leader Wins Top Honors for Second Consecutive Year

NextGen Healthcare, Inc. (NASDAQ:NXGN), a leading provider of ambulatory-focused technology solutions, today announced NextGen® Enterprise PM has been ranked number one for Practice Management (11-75 Physicians) by the 2020 Best in KLAS: Software and Services Report. This is the second consecutive year NextGen Healthcare has earned top honors in the category.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200203005191/en/

Determined by the voices of more than 16,000 healthcare providers via interviews, and compiled using data from websites and industry reports, the Best in KLAS designation is awarded to the solution that provides the utmost operational and clinical impact on healthcare providers.

NextGen Healthcare improved on its 2019 score of 81.9 by earning a score of 83.3 in 2020. The top-ranking underscores the confidence and trust that clients place in NextGen Practice Management.

NextGen Enterprise PM supports all aspects of running a healthcare business:

  • Registration and scheduling
  • Eligibility and pre-service financial clearance
  • Rules-based charge creation
  • Clean claims and A/R management
  • Contract audit and recovery
  • Revenue optimization

“When 16,000 healthcare professionals vote your solution Best in KLAS two years running, it’s a powerful testament to the strength and expertise of the team,” said Rusty Frantz, NextGen Healthcare President and CEO. “This recognition goes to our dedicated clients, along with the talented solutions, engineering and services teams who brought these solutions to market—and never stop working to improve them. While our goal is to solve real-world problems for our clients, not to win awards, it’s humbling and gratifying when the market validates our efforts.”

According to clinicians at The Orthopedic Specialty Hospital (TOSH) in Murray, Utah, NextGen Healthcare PM has delivered what was promised.

“We adopted NextGen Healthcare’s PM solution nearly 10 years ago, and it has been very solid software,” said Gene Oakes, TOSH administrator. “The PM software is user-friendly, I really like the report writing features, and the reports are comprehensive and accurate,” Oakes continued. “I can quickly get to the information needed to answer questions with physicians, while also managing our billing process.”

“Providers and payers demand better performance, usability, and interoperability from their vendor partners every year. Best in KLAS winners set the standard of excellence in their market segment. Earning a Best in KLAS award should both excite and humble the recipients. It serves as a signal to providers that they should expect only the best from the winning vendors,” said Adam Gale, KLAS President.

About NextGen Healthcare, Inc.

We empower the transformation of ambulatory care—partnering with medical, behavioral and dental providers in their journey to value-based care to make healthcare better for everyone. We go beyond EHR and PM. Our integrated solutions help increase clinical productivity, enrich the patient experience, and ensure healthy financial outcomes. We believe in better. Learn more at nextgen.com, and follow us on Facebook, Twitter, LinkedIn and Instagram.

About KLAS

KLAS is a data-driven company on a mission to improve the world’s healthcare by enabling provider and payer voices to be heard and counted. Working with thousands of healthcare professionals, KLAS collects insights on software, services and medical equipment to deliver reports, trending data and statistical overviews. KLAS data is accurate, honest and impartial. The research directly reflects the voice of the healthcare professionals and acts as a catalyst for improving vendor performance. To learn more about KLAS and its insights, visit www.KLASresearch.com.


© Business Wire 2020
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Financials (USD)
Sales 2021 540 M - -
Net income 2021 6,17 M - -
Net cash 2021 94,0 M - -
P/E ratio 2021 130x
Yield 2021 -
Capitalization 815 M 815 M -
EV / Sales 2021 1,34x
EV / Sales 2022 1,23x
Nbr of Employees 2 754
Free-Float 81,2%
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Mean consensus HOLD
Number of Analysts 14
Average target price 14,25 $
Last Close Price 12,23 $
Spread / Highest target 88,1%
Spread / Average Target 16,5%
Spread / Lowest Target -1,88%
EPS Revisions
Managers
NameTitle
John Rusty Frantz President, Chief Executive Officer & Director
Jeffrey H. Margolis Chairman
James R. Arnold Chief Financial Officer & Executive Vice President
David A. Metcalfe Chief Technology Officer & Executive VP
Betty Rabinowitz Chief Medical Officer
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