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NextGen Healthcare (NASDAQ: NXGN) announced an expansion of its partnership with InstaMed to enhance patient payment processing. The updated NextGen® Pay platform enables online payments and automates collections, benefiting both patients and healthcare providers. With features like data encryption and options for Apple Pay and Google Pay, the service aims to streamline the payment experience. A survey indicated that 83% of patients prefer digital payment options, highlighting the need for modernized solutions in healthcare.
NextGen Healthcare, Inc. (Nasdaq: NXGN) announced its fiscal 2023 first-quarter results for the period ending June 30, 2022, to be released on July 26, 2022, after market close. A conference call will follow at 5:00 p.m. Eastern Time, where shareholders can participate by calling 800-225-9448 or 203-518-9708 for international access. The company is recognized for advancing healthcare through cloud-based technology solutions that enhance clinical quality and drive superior financial performance. Further details will be available on the investor website.
NextGen Healthcare has released findings from an independent study highlighting that over 83% of Federally Qualified Health Centers (FQHCs) aim to remain independent of hospital affiliations. The study, conducted by Porter Research, surveyed more than 50 leaders at mid- to large-size FQHCs about their challenges, including workforce shortages and regulatory pressures. Additionally, 72% are open to collaborating with similar organizations. To support this, NextGen recently launched the NextGen Community Health Collaborative to facilitate data sharing and improve community health outcomes.
NextGen Healthcare, Inc. (NASDAQ: NXGN) will hold its 2022 Annual Meeting of Shareholders on August 17, 2022, at 9:00 a.m. Pacific Time in Irvine, CA. Shareholders of record as of July 6, 2022, are eligible to vote and attend the meeting. Proxy materials and the 2022 Annual Report will be available to eligible shareholders. NextGen provides cloud-based healthcare technology solutions aimed at enhancing clinical quality, productivity, and overall healthcare outcomes.
NextGen Healthcare, Inc. (Nasdaq: NXGN) announced its Electronic Health Record (EHR) and Practice Management (PM) solution was ranked No. 1 by Black Book Research in the 2022 Ambulatory EHR PM User Survey. This marks the fifth consecutive year for NextGen Enterprise's top ranking since 2018. The solution was recognized for its integration, scalability, and innovation, receiving high marks for client trust and satisfaction. NextGen scored first in 12 categories, including Best-of-Breed Technology and Support and Customer Care.
NextGen Healthcare (NASDAQ: NXGN) has launched NextGen Health Data Hub Insights, a modern data warehouse and analytics solution aimed at enhancing data access and reporting for healthcare providers across the U.S. This tool builds on the existing Health Data Hub, offering custom analytics for improved clinical insights. Developed in collaboration with Snowflake and phData in just 12 weeks, it supports initiatives like the NextGen Community Health Collaborative. Early adopters report significant improvements in data reporting capabilities, enhancing healthcare operations.
NextGen Healthcare (NASDAQ: NXGN) has partnered with Morris Heights Health Center (MHHC) to enhance healthcare delivery in underserved communities in New York. MHHC, which serves over 57,000 patients, selected NextGen's Enterprise EHR and PM solutions to improve patient record exchanges and clinical decision-making. This collaboration supports MHHC's expansion plans, including a new center in Brooklyn, scheduled to open in summer 2022. The partnership aims to optimize healthcare outcomes by leveraging data-driven insights and integrated functionalities.
NextGen Healthcare reported strong results for the fiscal 2022 fourth quarter and full year, with total revenues reaching $151.3 million for the quarter, representing a 5% increase year-over-year. For the fiscal year, revenue was $596.4 million, up from $556.8 million in the previous year. Recurring revenue constituted 91% of total revenue, driven by a 6% growth in recurring revenue to $137.2 million. The company achieved record bookings of $41.4 million, an 18% increase from fiscal 2021. However, net income per share was $0.01, down from $0.14 year-over-year.
NextGen Healthcare, Inc. (Nasdaq: NXGN) announced that its CEO, David Sides, was recognized as a Top 50 Healthcare Technology CEO, ranking No. 5. Sides has led the company since September 2021, guiding it to significant achievements, including certification for the NextGen® Enterprise by ONC Health IT Cures Update and top rankings in KLAS reports. The firm is focused on alleviating physician burnout and enhancing healthcare outcomes through innovative technology solutions.
NextGen Healthcare (Nasdaq: NXGN) announced that its CFO, Jamie Arnold, received a Lifetime Achievement Award from the Orange County Business Journal during the 15th Annual CFO of The Year Awards on May 5 in Irvine, California. Arnold's leadership in finance and software technology spans over three decades, and he has been with NextGen since 2016. His experience includes prior roles at several notable companies. According to CEO David Sides, Arnold's expertise has been crucial for navigating market conditions and achieving operational excellence.