NextGen Healthcare, Inc. - NXGN STOCK NEWS

NextGen Healthcare (Nasdaq: NXGN) announced it will release its fiscal 2022 first-quarter results on July 29, 2021, after market close, followed by a conference call at 5:00 PM ET. Investors can listen by dialing 866-342-8591 (or 203-518-9713 for international calls) and using participant code NXGNQ122. A recording will be available for 90 days post-call. NextGen Healthcare specializes in ambulatory-focused technology solutions, aiming to enhance clinical productivity and patient experience while ensuring positive financial outcomes.

NextGen Healthcare (Nasdaq: NXGN) has partnered with Bowen Center, Indiana's largest community mental health provider, to enhance integrated care delivery using the NextGen Behavioral Health Suite. This suite centralizes physical and mental health information, improving service access for over 37,000 clients. Bowen Center aims to diversify its revenue by achieving 50% of its income from primary care within a decade. The integrated platform allows for better coordination and interoperability among healthcare providers, significantly benefiting patient outcomes and addressing mental health stigma.

NextGen Healthcare, Inc. (Nasdaq: NXGN) announced the mutual separation of President and CEO Rusty Frantz, effective immediately. An Executive Leadership Committee will lead the company temporarily as they search for a new CEO. The company affirmed its fiscal outlook for 2022, projecting revenues between $574 million and $584 million and non-GAAP earnings per share of $0.89 to $0.95. The rollout of the NextGen® Enterprise Spring ‘21 platform is experiencing positive momentum and will proceed despite the leadership transition.

NextGen Healthcare, Inc. (Nasdaq: NXGN) has partnered with Palmetto Retina Center to implement its NextGen® Revenue Cycle Management (RCM) Services across six locations in South Carolina. This partnership aims to enhance financial strength by improving cash flow and reducing administrative burdens. With 69% of healthcare leaders reporting increased denials in 2021, Palmetto struggled with accounts receivable prior to adopting NextGen's RCM services. The new services have helped reduce the lag in payments and target revenue leakage, ultimately improving the organization's financial performance.

NextGen Healthcare (NXGN) reported a strong fiscal fourth quarter and full year 2021, ending March 31, 2021. Total revenue increased to $144.2 million for Q4 and $556.8 million for the year. Subscription services revenue saw a 16% rise to $38.2 million in Q4. The net loss reduced to $0.6 million in Q4 while net income for the year was $9.5 million. Non-GAAP EPS for Q4 was $0.21, up from $0.20, and the fiscal year was $0.98, up from $0.83. Looking ahead, NXGN anticipates revenue between $574-$584 million and non-GAAP EPS of $0.89-$0.95 for fiscal 2022.

NextGen Healthcare (Nasdaq: NXGN) has appointed Srinivas (Sri) Velamoor as the new Chief Growth Officer, starting August 2, 2021. With over 20 years of experience in healthcare and technology, Velamoor will oversee corporate development and strategy. His background includes leadership roles at McKinsey & Company, where he focused on digital transformation in healthcare. CEO Rusty Frantz emphasized Velamoor's strong vision as crucial for the company's growth amid industry changes. Velamoor expressed enthusiasm for collaborating to enhance healthcare delivery and navigate emerging business models.

NextGen Healthcare (Nasdaq: NXGN) has integrated API technology to enhance COVID-19 vaccine administration in California, collaborating with Blue Shield. This API enables clinics to manage vaccine distribution and inventory effectively, improving data integrity and workflow efficiency. A majority of federally qualified health centers in California utilize NextGen's platform, ensuring adherence to reporting requirements. The tech aims to streamline vaccine tracking and support providers in navigating complex processes associated with vaccine distribution.

NextGen Healthcare (Nasdaq: NXGN) announced that CEO Rusty Frantz and CFO Jamie Arnold will participate in two upcoming virtual investor conferences. The first is the 2021 RBC Capital Markets Global Healthcare Conference, scheduled for May 18, 2021, at 11:30 a.m. ET. The second is the Jefferies Virtual Healthcare Conference on June 2, 2021, at 4:30 p.m. ET. Recordings of both events will be available at investor.nextgen.com for 90 days following the conferences. NextGen Healthcare focuses on improving ambulatory care through innovative technology solutions.