NextGen Healthcare
About NextGen Healthcare
NextGen Healthcare is a company based in New York (United States) founded in 2014 was acquired by NextGen Healthcare Information Systems in October 2017. It operates as a SaaS (Software-as-a-Service), Managed Services, and HealthTech. NextGen Healthcare has raised $1.76 million across 2 funding rounds from investors including NextGen Healthcare Information Systems. NextGen Healthcare offers products and services including NextGen Enterprise EHR, NextGen Office EHR, NextGen Ambient Assist, Revenue Cycle Management, and Mirth Connect. NextGen Healthcare operates in a competitive market with competitors including Genomics, Assurecare, ZeOmega, Cricket Health and Patients Know Best, among others.
- Headquarter New York, United States
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Sectors
Healthcare
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Email
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Phone
*********
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Website
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Social
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- Legal Name Nxgn Management, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.76 M (USD)
in 2 rounds
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Latest Funding Round
$1 M (USD), Series A
May 23, 2016
- Investors
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Employee Count
Employee Count
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Acquired by
NextGen Healthcare Information Systems
(Oct 12, 2017)
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Products & Services of NextGen Healthcare
NextGen Healthcare offers a comprehensive portfolio of products and services, including NextGen Enterprise EHR, NextGen Office EHR, NextGen Ambient Assist, Revenue Cycle Management, and Mirth Connect. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Integrated EHR platform for larger healthcare providers.
EHR solution tailored for small medical practices.
AI tool to streamline documentation for providers.
Solutions to optimize revenue for medical practices.
Integration engine for healthcare data system connectivity.
Funding Insights of NextGen Healthcare
NextGen Healthcare has successfully raised a total of $1.76M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1 million completed in May 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $1.0M
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First Round
First Round
(19 Apr 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2016 | Amount | Series A - NextGen Healthcare | Valuation |
investors |
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| Apr, 2016 | Amount | Seed - NextGen Healthcare | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in NextGen Healthcare
NextGen Healthcare has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include NextGen Healthcare Information Systems. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Cloud-based administration solutions for healthcare providers are delivered.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by NextGen Healthcare
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - NextGen Healthcare
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nextgen Healthcare Comparisons
Competitors of NextGen Healthcare
NextGen Healthcare operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Genomics, Assurecare, ZeOmega, Cricket Health and Patients Know Best, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Genomic risk assessment and prevention platform is provided.
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Digital population health management is provided for healthcare professionals.
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| domain | founded_year | HQ Location |
Population health management software is provided to payers and providers.
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| domain | founded_year | HQ Location |
High-risk patients are identified through advanced analytics for kidney care.
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| domain | founded_year | HQ Location |
Personal health records software is provided for healthcare organizations.
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| domain | founded_year | HQ Location |
Medical benefit management solutions are delivered to healthcare organizations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about NextGen Healthcare
When was NextGen Healthcare founded?
NextGen Healthcare was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is NextGen Healthcare located?
NextGen Healthcare is headquartered in New York, United States. It is registered at New York, New York, United States.
Is NextGen Healthcare a funded company?
NextGen Healthcare is a funded company, having raised a total of $1.76M across 2 funding rounds to date. The company's 1st funding round was a Seed of $760K, raised on Apr 19, 2016.
What does NextGen Healthcare do?
Healthcare IT solutions are developed and offered by NextGen Healthcare to support ambulatory medical practices. Focus is placed on electronic health records (EHR), practice management, revenue cycle management, and patient experience enhancements. Sectors served include behavioral health, cardiology, primary care, and over 40 other specialties. AI-driven tools and interoperability platforms like Mirth Connect are integrated to improve efficiency and outcomes. Solutions are tailored for both small and large practices, ensuring optimized operations and value-based care delivery.
Who are the top competitors of NextGen Healthcare?
NextGen Healthcare's top competitors include HiLabs, Patients Know Best and Assurecare.
What products or services does NextGen Healthcare offer?
NextGen Healthcare offers NextGen Enterprise EHR, NextGen Office EHR, NextGen Ambient Assist, Revenue Cycle Management, and Mirth Connect.
Who are NextGen Healthcare's investors?
NextGen Healthcare has 1 investor. Key investors include NextGen Healthcare Information Systems.