About NextServices
NextServices is a Healthcare company based in Ann Arbor (United States) founded in 2004 by Satish Malnaik and Praveen Suthrum. It provides revenue cycle management and health IT services for medical practices and enterprises. It operates on a B2B and SaaS model. Its chief executive, as recorded, is Satish Malnaik. Its Indian entity Nextservices Healthcare Sourcing Solutions Private Limited reported revenue of ₹17.42 Cr. NextServices offers products and services including Revenue Cycle Management, Digital Health Studio, Endoscopy Software, and Data Services. Its focus areas include Health Tech, Medical Software, EHR and RCM and Compliance Services. Similar companies include Modernizing Medicine, Flatiron Health and Practice Fusion; 3 of its 3 listed similar companies have raised funding.
Company details
NextServices specializes in full stack revenue cycle management, data services, and compliance solutions for healthcare. They deliver cloud-based EHR and health-tech innovations to streamline operations and integrate AI technology. Serving gastroenterology practices, labs, ASCs, start-ups, and enterprises, they focus on efficiency and digital health advancements. Located in Ann Arbor, MI, USA, and Mumbai, India.
- Headquarters Ann Arbor, United States
- Founders Satish Malnaik, Praveen Suthrum
- SectorsHealthcare
- Email••••••••
- Website nextservices.com
- Social LinkedIn X Facebook
- Legal Name Nextservices Healthcare Sourcing Solutions Private Limited
- Date of Incorporation 05 Oct, 2004
- Jurisdiction Mumbai, Maharashtra, India
- Indian entity revenue₹17.42 Cr
FY 2024 · +15% YoY
- Indian entity net profit₹1.23 Cr
FY 2024 · 7% margin
- Indian entity EBITDA₹1.75 Cr
FY 2024 · 10% margin
Associated legal entities of NextServices
NextServices operates through Nextservices Healthcare Sourcing Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nextservices Healthcare Sourcing Solutions Private Limited CIN U74140MH2004FTC148968 | Active | 05 Oct 2004 | Mumbai, Maharashtra | ₹17.4 Cr | 3 | View details |
Products & Services of NextServices
NextServices offers a comprehensive portfolio of products and services, including Revenue Cycle Management, Digital Health Studio, Endoscopy Software, and Data Services.
Automates revenue processes for healthcare providers
Platform for developing health applications and integrations
Software for endoscopy procedures and health IT support
Manages data for regulatory compliance in healthcare
Board of directors of Nextservices Healthcare Sourcing Solutions Private Limited (NextServices)
Nextservices Healthcare Sourcing Solutions Private Limited is the primary company behind NextServices. The board of Nextservices Healthcare Sourcing Solutions Private Limited currently have 3 directors; the longest-serving is Praveen Suthrum, appointed in 2004.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Praveen Suthrum DIN 02663988 | Director | 05 Oct 2004 | 22 yrs 1 mo | Nextservices Healthcare Sourcing Solutions Private Limited |
| Suzette Sugathan DIN 02665353 | Director | 05 Oct 2004 | 22 yrs 1 mo | Nextservices Healthcare Sourcing Solutions Private Limited |
| Sunil Siddappa Malanaik DIN 00539309 | Director | 05 Oct 2004 | 22 yrs 1 mo | Nextservices Healthcare Sourcing Solutions Private Limited |
People of NextServices
21 people are tracked at NextServices (6 in leadership, 15 in team).
| Name | Role | Group |
|---|---|---|
Satish Malnaik | Co-Founder, CEO | Leadership |
| Co-Founder, President | Leadership | |
保全 Leon 陳 Chen | COO | Leadership |
| Director | Leadership | |
Nilesh V Waingankar | Vice President, Business Services | Leadership |
Vikant Shah | Associate Director | Leadership |
Devendra Mhatre | Account Lead | Team |
Manbindar Rana | Associate Manager | Team |
Mahendra Utekar | Process Lead | Team |
Harshal Chaudhari | Senior Manager | Team |
Anuj Shukla | Team Leader (operations) at NextServices Pvt. Ltd. | Team |
Ketan Parkar | Senior Manager | Team |
Vijay Nakum | Process Lead | Team |
Shrishankar Madas | Senior Manager | Team |
Mustafa Chataiwala | Business Development Lead | Team |
Amaresha Routaray | Process Lead | Team |
Sandeep Paranjape | Associate Manager - Coding & Quality | Team |
Annapoorna Talpade | Associate Module Lead | Team |
Kedar Dalvi | Associate Module Leader | Team |
Urvi Joshi | Process Lead - HR | Team |
1 more people are available in the full profile.
Complete people profiles for NextServices
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of NextServices
Figures of Nextservices Healthcare Sourcing Solutions Private Limited, the primary company behind NextServices, for FY 2024. Revenue was ₹17.42 Cr (+15% year on year). Net profit was ₹1.23 Cr (7% margin). EBITDA was ₹1.75 Cr (10% margin). Revenue has grown at a compounded annual rate of +19% over three years and +11% over five years.
- ₹17.42 CrRevenue · FY 2024 · +15% YoY
- ₹1.23 CrNet profit · 7% margin
- ₹1.75 CrEBITDA · 10% margin
- ₹25 LakhPaid-up capital
- +19%Revenue CAGR, 3 years
- +11%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nextservices Healthcare Sourcing Solutions Private Limited are on its company page.
Detailed financial statements for NextServices
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Similar companies to NextServices
NextServices has 3 listed similar companies in our database, 3 of them funded. They include Modernizing Medicine, Flatiron Health and Practice Fusion.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| modmed.com | 2010 | Boca Raton, United States | $329.17M | 1,563 | AI-driven EMR and practice management software is delivered for clinics. | |
| flatiron.com | 2012 | New York, United States | $314.4M | 1,067 | Cloud-based oncology management tools are provided for cancer care providers. | |
| practicefusion.com | 2005 | San Francisco, United States | $254.9M | 212 | Cloud-based EHR system is provided for physicians' practices. |
Detailed similar companies of NextServices
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in Digital Health & Telemedicine
3 companies that operate in the same segment as NextServices (Digital Health & Telemedicine) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
An application is provided for comparing prescription drug prices nationwide. | 2011 | Santa Monica, California, United States | USD 22.21 M | USD 796.85 M | 1,063 | |
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Alto Pharmacy is focused on providing convenient prescription delivery services. | 2015 | San Francisco, California, United States | USD 591.64 M | 802 |
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Frequently Asked Questions about NextServices
NextServices was founded in 2004.
NextServices is headquartered in Ann Arbor, United States. It is registered at Ann Arbor, Michigan, United States.
Satish Malnaik is the CEO of NextServices, as recorded in our data. They have also founded this company.
The primary company behind NextServices, Nextservices Healthcare Sourcing Solutions Private Limited, reported revenue of ₹17.42 Cr for FY 2024, up 15% year on year.
NextServices specializes in full stack revenue cycle management, data services, and compliance solutions for healthcare. They deliver cloud-based EHR and health-tech innovations to streamline operations and integrate AI technology. Serving gastroenterology practices, labs, ASCs, start-ups, and enterprises, they focus on efficiency and digital health advancements. Located in Ann Arbor, MI, USA, and Mumbai, India.
NextServices's top competitors include Modernizing Medicine, Flatiron Health and Practice Fusion.
NextServices offers Revenue Cycle Management, Digital Health Studio, Endoscopy Software, and Data Services.
NextServices operates through Nextservices Healthcare Sourcing Solutions Private Limited.
The legal entities of NextServices currently have 3 directors, including Praveen Suthrum, Suzette Sugathan, Sunil Siddappa Malanaik.