NextGen Healthcare, Inc. - NXGN STOCK NEWS

NextGen Healthcare (Nasdaq: NXGN) announced its partnership with Covenant Physicians Partners, a multispecialty services organization employing over 2,000 associates across 20 states. Covenant adopted NextGen® Enterprise Practice Management and NextGen® Optical Management solutions to improve operational efficiency and maintain autonomy for practices. The integration allows seamless optical lab orders, enhanced inventory management, and mobile access to analytics. Covenant's CEO emphasized the platform's capability to streamline operations, and NextGen Healthcare's PM solution remains the top-rated in its category for three consecutive years.

NextGen Healthcare (Nasdaq: NXGN) announced the launch of its Spring ‘21 release of the NextGen® Enterprise platform aimed at enhancing ambulatory care. This upgrade meets the 21^st Century Cures Act's regulatory requirements and introduces features like an integrated patient portal, telehealth capabilities, redesigned clinical templates, and a new cost estimation tool. These enhancements are intended to improve provider efficiency and patient engagement while addressing the challenges of an evolving healthcare landscape, including increasing patient expectations and provider burnout.

NextGen Healthcare (Nasdaq: NXGN) announced a $300 million amended revolving credit agreement with JPMorgan Chase Bank on March 12, 2021. This facility, maturing on March 12, 2026, replaces the previous $300 million facility and includes a $150 million accordion feature, potentially increasing total borrowing to $450 million. CFO Jamie Arnold expressed satisfaction with this deal, noting it offers increased financial flexibility and better terms compared to the prior agreement.

NextGen Healthcare (Nasdaq: NXGN) has partnered with Spectrum Healthcare Partners, Maine's largest physician-owned multispecialty organization, to streamline its orthopedic services. Spectrum faced operational challenges due to multiple electronic health records across its orthopedic division, which includes surgery centers and clinics. By adopting NextGen's integrated solutions, including the NextGen Orthopedic Suite and RCM Services, Spectrum aims to enhance clinical workflows, improve patient engagement, and support practice growth.

NextGen Healthcare (Nasdaq: NXGN) will host a virtual Investor event on March 16, 2021, from 1:00 p.m. to 3:00 p.m. Eastern time. The event will present the company's strategic direction and solution portfolio. Participants can access a live webcast and presentation materials on the investor relations section of their website. A replay will be available shortly after the event. Interested parties should contact dvale@nextgen.com or call (949) 237-5322 for participation.

NextGen Healthcare is a provider of technology solutions for ambulatory care, focusing on transforming healthcare.

NextGen Healthcare (Nasdaq: NXGN) announced its partnership with Lone Star Circle of Care (LSCC) to enhance patient accessibility and engagement through the NextGen® Patient Experience Platform. LSCC, a federally qualified health center, extended its use of solutions including NextGen® PxP Portal and NextGen Virtual Visits, leading to a fourfold increase in online payment usage. This initiative aims to improve operational efficiency and aligns with HRSA objectives for increased online portal usage, ultimately enhancing patient experience while optimizing staff workload.

NextGen Healthcare (Nasdaq: NXGN) announced a significant milestone, facilitating over 1 million patient visits through its telehealth solution, NextGen Virtual Visits, in 2020. The platform, which integrates online scheduling and secure messaging, achieved a high patient satisfaction score of 9.1 out of 10. Demand for virtual visits is projected to increase, with forecasts estimating that 15-25% of U.S. primary care visits will be virtual by 2025. This technology has been crucial during the COVID-19 pandemic, providing necessary care continuity for providers and patients alike.

NextGen Healthcare (Nasdaq: NXGN) announced the successful integration of its Revenue Cycle Management (RCM) services by Loden Vision Centers, a cataract and LASIK surgery provider. This partnership resulted in a 32% increase in payments above the 12-month average and a 16% reduction in days sales outstanding (DSO). The RCM services improved billing accuracy and financial analytics, empowering Loden Vision to enhance patient engagement and operational efficiency during the challenging COVID-19 pandemic.