Nextgen Healthcare Inc (NASDAQ: NXGN) stock lost over 1.5% on 30th May, 2019 (As of 1:35 pm GMT-4; Source: Google finance)
The firm reported the net income of $3.9 million during fiscal 4Q 2019, which is a significant turnaround from the $11 million loss it posted during the comparative period a year prior.
NXGN in the fourth quarter of FY 19 has reported the adjusted earnings per share of 6 cents. The company had reported the adjusted revenue of $134.8 million in the fourth quarter of FY 19
The company is expecting the revenues to be of between $543 million and $559 million for fiscal 2020, and an earnings per share to be in the range of $0.86 and $0.94.
Meanwhile, NXGN has offered a free version of NextGen Mobile to NextGen Enterprise clients, a provider-facing solution accessible on any iOS or Android device that allows physicians and care team members to provide care from a phone or tablet. The base version of the application, NextGen Mobile Workflow, enables providers and care givers to complete high-impact workflows that apply to inside and outside the office, specific to clinical documentation, e-prescribing, scheduling and secure communication.
Additionally, based on its recent analysis of the North American ambulatory revenue cycle management (RCM) services market, Frost & Sullivan recognizes NextGen Healthcare, Inc. with the 2019 North American Enabling Technology Leadership Award. NXGN uses innovative and holistic financial solutions to help providers identify gaps in revenue cycle, manage both fee-for-service and value-based reimbursement environments, and simplify operations.
Further, NXGN expedites claims through a predictive rules engine that ensures up to 98% claims acceptance after the first submission. As a result, medical practices can reduce costs, prevent errors, and increase productivity. Furthermore, it expands providers’ core capabilities with features such as a mobile workflow app that gives clinicians real-time visibility into their schedule and patient information, facilitates clinical documentation, secures provider messaging and collaboration, and improves the clinician/patient interaction. Recently, NextGen expanded its RCM portfolio through its NextGen Financial Suite, an advanced RCM technology platform that includes advanced patient access technologies, industry-leading rules engines, robust analytics, and clearinghouse solutions to streamline the entire RCM process and simplify medical billing.