NextGen Healthcare, Inc. - NXGN STOCK NEWS

NextGen Healthcare (Nasdaq: NXGN) announced that Delaware Valley Community Health (DVCH) is utilizing the NextGen Behavioral Health Suite and NextGen Virtual Visits to enhance patient care for underserved populations during the COVID-19 pandemic. DVCH, operating eight Federally Qualified Health Centers in Southeastern Pennsylvania, has seen a 36% rise in behavioral health visits, with over 60% of appointments conducted via telehealth. The integrated platform supports coordinated care, addressing both physical and mental health needs, amid a national increase in depression symptoms during the pandemic.

NextGen Healthcare, Inc. (NXGN) announced third-quarter results for fiscal 2021, reporting revenue of $141.8 million, up from $137.7 million in Q3 2020. However, net income declined to $0.5 million from $4.4 million year-over-year, leading to a decrease in diluted EPS from $0.07 to $0.01. Non-GAAP EPS rose to $0.26 from $0.23, while cash flow from operations improved to $27.9 million. The company reiterated its fiscal 2021 revenue outlook, projecting between $547 and $555 million and a non-GAAP EPS between $0.92 and $0.98.

NextGen Healthcare (Nasdaq: NXGN) has highlighted the effectiveness of its cloud-based EHR platform, NextGen® Office, in supporting specialty practices during the COVID-19 pandemic. The platform aids small practices by optimizing medical billing through NextGen® Revenue Cycle Management (RCM) services, allowing them to focus on patient care. Examples of successful implementations include practices that reduced collection times by 50% and sustained operations amid patient volume declines due to the pandemic, illustrating the platform’s role in enhancing financial performance and ensuring business continuity.

NextGen Healthcare, Inc. (Nasdaq: NXGN) announced preliminary fiscal Q3 2021 results, predicting revenues between $140 and $142 million, an increase from $137.7 million last year. Net income per share is expected to range from ($0.01) to $0.03, down from $0.07. Non-GAAP EPS is projected between $0.24 and $0.26. The company raised its FY 2021 revenue guidance to $547 - $555 million and non-GAAP EPS to $0.92 - $0.98. NextGen cited accelerated commercial success, while acknowledging uncertainties due to COVID-19.

NextGen Healthcare (Nasdaq: NXGN) announced the adoption of its integrated Patient Experience Platform by FPA Women’s Health to enhance patient care during the COVID-19 pandemic. This platform has facilitated a tripling of telehealth appointments, now constituting 10% of total visits. Additional functionalities, such as Patient Self-Scheduling, have improved accessibility. The clinic's focus on behavioral health services for reproductive-age women has expanded despite the pandemic's challenges, with over 5,000 online appointments monthly.

NextGen Healthcare, Inc. (Nasdaq: NXGN) announced the participation of President and CEO Rusty Frantz and CFO Jamie Arnold in the 39th Annual Virtual J.P. Morgan Healthcare Conference, scheduled for January 13, 2021, at 4:30 p.m. Eastern time. The event will include a presentation showcasing the company's ambulatory-focused technology solutions that empower healthcare transformation. An audio replay will be accessible on their investor relations website.

NextGen aims to improve clinical productivity and patient experience while ensuring financial health in the healthcare sector.

NextGen Healthcare (Nasdaq: NXGN) is actively supporting the distribution of COVID-19 vaccines through its EHR software platform. With nearly 50 years in healthcare solutions, it collaborates with health organizations to be a reliable IT partner. The company offers solutions like NextGen® Enterprise for vaccine workflow management, enabling patient notifications and data submissions. Its technology also assists in identifying high-risk patients and tracking vaccination progress, enhancing the overall healthcare response to the pandemic.

HI-BRIDGE HIE has chosen NextGen Health Data Hub as its health information exchange platform, aiming to enhance patient data sharing among providers. This collaboration focuses on improving patient access to care and clinical insights for the Atlanta region. Features of the platform include automated data routing, built-in patient matching, and robust interoperability capabilities. Key stakeholders, including Dominic H. Mack, M.D. and John Beck, express confidence in the platform's ability to elevate data access and provider experience.

NextGen Healthcare, Inc. (Nasdaq: NXGN) announced that its client, Bridges Health Partners LLC, saved nearly $20 million through the Medicare ACO Shared Savings Program over two years. Bridges utilized NextGen® Population Health tools to enhance quality performance and patient care across its network of 1,100 physicians. The combination of data aggregation and analytics enabled Bridges to achieve an impressive quality performance score of 92% in 2019 for Medicare patients. The success highlights the value of integrated healthcare technology in supporting value-based care.