- Business
- NextGen Healthcare, Inc. (Ticker: QY1.F) provides cloud-based electronic health record (EHR), practice management (PM), revenue cycle management (RCM), patient engagement, and population health solutions to ambulatory care practices across single- and multi-specialty medical groups, behavioral health providers, federally qualified health centers (FQHCs), and community health centers (CHCs) throughout the United States; core offerings include NextGen Enterprise and NextGen Office EHR/PM platforms with AI-powered ambient assist for automated SOAP note generation, customizable workflows supporting in-person and virtual visits, ePrescribing, interoperability via NextGen Share and Mirth Connect, remote patient monitoring, online scheduling, self-service intake, automated reminders and recalls, secure messaging, care coordination tools with population health analytics, RCM services encompassing clearinghouse functions and electronic billing, and specialty-specific content for areas such as cardiology, orthopedics, OB/GYN, primary care, and behavioral health. Founded in 1974 as Quality Systems, Inc. by Sheldon Razin and headquartered in Atlanta, Georgia, the company, which rebranded fully to NextGen Healthcare in 2018, supports over 1,900 locations, more than 1,000 medical groups, and millions of patient records while powering a significant portion of public health information exchanges (HIEs). Following its $1.8 billion acquisition by Thoma Bravo in 2023 that took it private, NextGen Healthcare welcomed Madison Dearborn Partners (MDP) as a significant new investment partner in June 2025, with both firms committing to substantially increased annual R&D spending over the next three years to accelerate innovation in AI-enhanced solutions and ambulatory care delivery; recent accolades include ranking as the top EHR/PM by Black Book Research for the seventh straight year in 2024, NextGen Behavioral Health Suite as #1 in the 2025 Best in KLAS report, and recognition as Forbes' Best Midsize Employer and Newsweek's Most Trustworthy Companies for multiple consecutive years.