We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NextGen's (NXGN) HDH to Facilitate Health Information Exchange
Read MoreHide Full Article
NextGen Healthcare, Inc. recently announced that its NextGen Health Data Hub (HDH) has been chosen by HI-BRIDGE HIE (health information exchange). This will enable HIE administrators to build rules-driven data exchange to facilitate automated routing of patient information across the group of care.
Notably, NextGen HDH is a cloud-based HIE platform that lends support to secure sharing of patient health data from numerous sources.
This deal is likely to provide a boost to NextGen’s robust solutions portfolio.
More on the News
NextGen HDH is an advanced solution offering built-in patient matching, an API-first design, a provider portal and support for behavioral health data protection. HDH provides support to all the clinical data types that are utilized by in-patient and ambulatory health systems. Moreover, the solution’s solid data normalization abilities allow all connected systems to interoperate successfully.
With this collaboration, NextGen will be part of and support the future data exchange in the greater Atlanta region. Further, the company remains confident that the choice of HDH can bolster greater interoperability, data access and clinical insights for all connected providers.
Market Prospects
Per a Medgadget report, the global health information exchange market was worth $1.19 billion in 2018 and is anticipated to reach $2.18 billion by 2025, witnessing a CAGR of 8.9% over the forecast period. Hence, this announcement is a well-timed one for NextGen.
Recent Developments
This month, NextGen announced that its client — Bridges Health Partners LLC — has managed to boost quality of patient care and attain value-based care financial goals throughout its wide network of 1,100 physicians with the aid of NextGen Population Health. Additionally, Bridges Health has exceeded its savings objectives (nearly $20 million) for two consecutive years.
In November, the company announced that NextGen Enterprise has been chosen by Orthopaedic & Sports Medicine Center (OSMC) as its core electronic health record (EHR) and practice management (PM) solution. Notably, OSMC is a premier orthopedic center in the northeast region of Kansas. Being a fully integrated, single database platform, NextGen Enterprise with Orthopedic Suite provides intuitive clinical workflows created for complicated orthopedic organizations, which offer patients a consolidated, non-surgical and rehabilitation experience.
Price Performance
Shares of this Zacks Rank #3 (Hold) company have gained 19.4% in a year’s time, compared with the industry’s rally of 32.4%.
Merit Medical has a projected long-term earnings growth rate of 12.6%.
Align Technology has an estimated long-term earnings growth rate of 18.3%.
Thermo Fisher has a projected long-term earnings growth rate of 18%.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
Image: Bigstock
NextGen's (NXGN) HDH to Facilitate Health Information Exchange
NextGen Healthcare, Inc. recently announced that its NextGen Health Data Hub (HDH) has been chosen by HI-BRIDGE HIE (health information exchange). This will enable HIE administrators to build rules-driven data exchange to facilitate automated routing of patient information across the group of care.
Notably, NextGen HDH is a cloud-based HIE platform that lends support to secure sharing of patient health data from numerous sources.
This deal is likely to provide a boost to NextGen’s robust solutions portfolio.
More on the News
NextGen HDH is an advanced solution offering built-in patient matching, an API-first design, a provider portal and support for behavioral health data protection. HDH provides support to all the clinical data types that are utilized by in-patient and ambulatory health systems. Moreover, the solution’s solid data normalization abilities allow all connected systems to interoperate successfully.
With this collaboration, NextGen will be part of and support the future data exchange in the greater Atlanta region. Further, the company remains confident that the choice of HDH can bolster greater interoperability, data access and clinical insights for all connected providers.
Market Prospects
Per a Medgadget report, the global health information exchange market was worth $1.19 billion in 2018 and is anticipated to reach $2.18 billion by 2025, witnessing a CAGR of 8.9% over the forecast period. Hence, this announcement is a well-timed one for NextGen.
Recent Developments
This month, NextGen announced that its client — Bridges Health Partners LLC — has managed to boost quality of patient care and attain value-based care financial goals throughout its wide network of 1,100 physicians with the aid of NextGen Population Health. Additionally, Bridges Health has exceeded its savings objectives (nearly $20 million) for two consecutive years.
In November, the company announced that NextGen Enterprise has been chosen by Orthopaedic & Sports Medicine Center (OSMC) as its core electronic health record (EHR) and practice management (PM) solution. Notably, OSMC is a premier orthopedic center in the northeast region of Kansas. Being a fully integrated, single database platform, NextGen Enterprise with Orthopedic Suite provides intuitive clinical workflows created for complicated orthopedic organizations, which offer patients a consolidated, non-surgical and rehabilitation experience.
Price Performance
Shares of this Zacks Rank #3 (Hold) company have gained 19.4% in a year’s time, compared with the industry’s rally of 32.4%.
Stocks to Consider
Some better-ranked stocks from the broader medical space are Merit Medical Systems, Inc. (MMSI - Free Report) , Align Technology, Inc. (ALGN - Free Report) and Thermo Fisher Scientific Inc. (TMO - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Merit Medical has a projected long-term earnings growth rate of 12.6%.
Align Technology has an estimated long-term earnings growth rate of 18.3%.
Thermo Fisher has a projected long-term earnings growth rate of 18%.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
Download Marijuana Moneymakers FREE >>