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NextGen Healthcare (NXGN) Unveils Health Data Hub Insights
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NextGen Healthcare, Inc. recently introduced NextGen Health Data Hub Insights, which is an innovative and extensible data warehouse and custom analytics solution. This tool has been created to streamline data access, analytics, and report generation for health information exchanges (HIEs) and healthcare providers throughout the United States. This, in turn, will aid these providers in getting a comprehensive picture of the community and patient health.
In fact, this tool, which enables clients to exchange community-wide data, helps them to further unlock the value of their data assets and provides customized, real-time reporting skills, and offers insights at the point of care.
This announcement is likely to further boost the demand for NextGen Healthcare’s solutions.
More on the News
Per management at NextGen Healthcare, Health Data Hub Insights provides the company’s clients more flexibility in the manner they utilize community data assets in order to create new clinical and administrative insights. According to management, this is crucial to the company’s aim of providing all-inclusive solutions that can ultimately bolster patient care as well as practice performance.
Image Source: Zacks Investment Research
It is worth mentioning that early adopters of this tool already realize the improved capabilities of this modern solution.
Health Data Hub Insights will power the important work being done by the NextGen Community Health Collaborative (NCHC) — a first-of-its-kind initiative providing data benchmarking, comparative analytics, and reporting services — and a forum for Community Health Centers to connect and share best practices to accelerate the goal of community health.
Market Prospects
Per a report by MarketsandMarkets, the global HIE market is anticipated to reach $2 billion by 2025 from $1.1 billion in 2020, at a CAGR of 12.2%. Hence, this announcement is well-timed for NextGen Healthcare.
Recent Developments
This month, NextGen Healthcare announced that NextGen Enterprise Electronic Health Records (EHR) and Practice Management (PM) Solutions have been chosen by Morris Heights Health Center (MHHC). This selection by MHHC — a leading NY-based Federally Qualified Health Center (FQHC) — will enable this center to serve its rapidly growing community in a better manner.
Again, this month, the company collaborated with Circuit Clinical to bring clinical trial access to patients of FQHCs across over 14,000 providers that utilize NextGen’s solutions.
Price Performance
Shares of this Zacks Rank #4 (Sell) company have gained 12.3% in a year’s time against the industry’s decline of 44.1%.
Stocks to Consider
Some better-ranked stocks in the broader medical space are AMN Healthcare Services, Inc. (AMN - Free Report) , Masimo Corporation (MASI - Free Report) and Veeva Systems, Inc. (VEEV - Free Report) .
AMN Healthcare surpassed earnings estimates in each of the trailing four quarters, the average surprise being 15.6%. The company currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AMN Healthcare’s long-term earnings growth rate is estimated at 1.1%. The company’s earnings yield of 11.4% compares favorably with the industry’s (0.8%).
Masimo beat earnings estimates in each of the trailing four quarters, the average surprise being 4.4%. The company currently carries a Zacks Rank #2 (Buy).
Masimo’s estimated earnings growth rate for second-quarter 2022 is pegged at 22.3%. The company’s earnings yield is pegged at 3.8% against the industry’s (8.5%).
Veeva Systems surpassed earnings estimates in each of the trailing four quarters, the average surprise being 9.6%. The company currently carries a Zacks Rank #2.
Veeva Systems’ long-term earnings growth rate is estimated at 18.1%. The company’s earnings yield of 2.4% compares favorably with the industry’s 0.2%.
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NextGen Healthcare (NXGN) Unveils Health Data Hub Insights
NextGen Healthcare, Inc. recently introduced NextGen Health Data Hub Insights, which is an innovative and extensible data warehouse and custom analytics solution. This tool has been created to streamline data access, analytics, and report generation for health information exchanges (HIEs) and healthcare providers throughout the United States. This, in turn, will aid these providers in getting a comprehensive picture of the community and patient health.
In fact, this tool, which enables clients to exchange community-wide data, helps them to further unlock the value of their data assets and provides customized, real-time reporting skills, and offers insights at the point of care.
This announcement is likely to further boost the demand for NextGen Healthcare’s solutions.
More on the News
Per management at NextGen Healthcare, Health Data Hub Insights provides the company’s clients more flexibility in the manner they utilize community data assets in order to create new clinical and administrative insights. According to management, this is crucial to the company’s aim of providing all-inclusive solutions that can ultimately bolster patient care as well as practice performance.
Image Source: Zacks Investment Research
It is worth mentioning that early adopters of this tool already realize the improved capabilities of this modern solution.
Health Data Hub Insights will power the important work being done by the NextGen Community Health Collaborative (NCHC) — a first-of-its-kind initiative providing data benchmarking, comparative analytics, and reporting services — and a forum for Community Health Centers to connect and share best practices to accelerate the goal of community health.
Market Prospects
Per a report by MarketsandMarkets, the global HIE market is anticipated to reach $2 billion by 2025 from $1.1 billion in 2020, at a CAGR of 12.2%. Hence, this announcement is well-timed for NextGen Healthcare.
Recent Developments
This month, NextGen Healthcare announced that NextGen Enterprise Electronic Health Records (EHR) and Practice Management (PM) Solutions have been chosen by Morris Heights Health Center (MHHC). This selection by MHHC — a leading NY-based Federally Qualified Health Center (FQHC) — will enable this center to serve its rapidly growing community in a better manner.
Again, this month, the company collaborated with Circuit Clinical to bring clinical trial access to patients of FQHCs across over 14,000 providers that utilize NextGen’s solutions.
Price Performance
Shares of this Zacks Rank #4 (Sell) company have gained 12.3% in a year’s time against the industry’s decline of 44.1%.
Stocks to Consider
Some better-ranked stocks in the broader medical space are AMN Healthcare Services, Inc. (AMN - Free Report) , Masimo Corporation (MASI - Free Report) and Veeva Systems, Inc. (VEEV - Free Report) .
AMN Healthcare surpassed earnings estimates in each of the trailing four quarters, the average surprise being 15.6%. The company currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AMN Healthcare’s long-term earnings growth rate is estimated at 1.1%. The company’s earnings yield of 11.4% compares favorably with the industry’s (0.8%).
Masimo beat earnings estimates in each of the trailing four quarters, the average surprise being 4.4%. The company currently carries a Zacks Rank #2 (Buy).
Masimo’s estimated earnings growth rate for second-quarter 2022 is pegged at 22.3%. The company’s earnings yield is pegged at 3.8% against the industry’s (8.5%).
Veeva Systems surpassed earnings estimates in each of the trailing four quarters, the average surprise being 9.6%. The company currently carries a Zacks Rank #2.
Veeva Systems’ long-term earnings growth rate is estimated at 18.1%. The company’s earnings yield of 2.4% compares favorably with the industry’s 0.2%.