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NextGen Healthcare Eyes $650M Revenue Mark

Jamie Arnold, last year’s recipient of the Lifetime Achievement Award during the Business Journal’s 15th annual CFO of the Year Awards, is staying busy as the top financial executive for NextGen Healthcare Inc. (Nasdaq: NXGN).

The healthcare software provider, a remote-first company that will enter its 50th year of business next year, is still looking for ways to remain innovative, most recently through the launch of a cloud-based product that expands the company’s Mirth Connect software platform.

It’s the newest electronic health records tool to help dental and medical practices streamline operations.

Mirth Cloud Connect, launched last week, aims to facilitate patient data flow to care providers and patients, aiding in data exchange challenges faced by hospital systems, technology vendors and other practices.

The announcement comes as NextGen boosts its client portfolio, with nonprofit behavioral care provider Compass Health Network and Eye Health America both adding NextGen’s services this year.

In its fiscal third-quarter earnings released in January, NextGen raised its 2023 revenue guidance to $642 million to $650 million, up from its prior guidance range of $630 million to $640 million.

NextGen, which got its start as a dental software platform in Irvine in 1974, moved its headquarters to Atlanta in 2021 as part of plans to cut costs, though now it calls itself a “remote-first” operation with no corporate headquarters. The firm still counts an Irvine presence where it employed about 300 people as of a couple years ago.

Today, it employs some 2,800 people between the U.S. and India and serves over 155,000 healthcare providers.

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