Nexteligent Triples 2021 Annual Projected Revenue for Its Revenue Cycle Management Division
Nexteligent Holdings, Inc. (OTC:NXGT) has announced a significant increase in its revenue cycle management business projections, tripling its first quarter 2021 estimates. Professional Revenue Management Services (PRMS), acquired in November 2020, boosted year-end revenue expectations from $684,000 to over $2,000,000 due to new contracts. The company anticipates that fully annualized revenue will exceed $3,500,000 by 2022. This strategy aligns with Nexteligent's goal to enhance revenue streams and optimize services for healthcare clients.
- Revenue cycle management projections for 2021 have tripled.
- PRMS's year-end revenue projections increased from $684,000 to over $2,000,000.
- Expected annual revenue from new contracts and expanded business could exceed $3,500,000 in 2022.
- None.
NEW YORK, March 16, 2021 /PRNewswire/ -- Nexteligent Holdings, Inc. (OTC:NXGT), a healthcare practice management company, has tripled its first quarter 2021 new business annual projections for its revenue cycle management business.
Professional Revenue Management Services (PRMS), which joined Nexteligent in November 2020 as the anchor for the Company's revenue cycle management division (see OTC disclosure, November 11, 2020 https://www.otcmarkets.com/stock/NXGT/news/Nexteligent-Acquires-Professional-Revenue-Management-Services?id=279763), increased its year-end projections from
"Nexteligent continues to deliver on its acquisition growth strategy and commitment to deepening its solutions set with products and services aimed at enhancing revenue streams and optimizing patient services for clients," said Paul Cristiano, CEO, Nexteligent Holdings, Inc.
The Company serves a broad array of clients in the health care market including doctors, hospitals, clinics, laboratories and eldercare facilities with revenue cycle management, preventative wellness, telemedicine and consulting services.
About Nexteligent
Nexteligent Holdings, Inc. (OTC:NXGT) is a professional services firm serving the healthcare industry with business process optimization and financial management solutions. As part of its growth strategy, Nexteligent acquires small-to-medium size companies that service the healthcare industry and combines them with its specialized divisions to unlock their greater potential. Nexteligent delivers revenue cycle management, preventative wellness, telemedicine and consulting services to hospitals, clinics, doctors, labs and skilled nursing facilities.
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SOURCE Nexteligent Holdings, Inc.
