Nextech Systems

Specialty-focused healthcare technology solutions

Tampa, Florida, United States

About Nextech Systems

Nextech provides technology solutions specifically designed for specialty healthcare providers, focusing on fields like ophthalmology, plastic surgery, and dermatology. Their platform includes electronic medical records (EMR/EHR), practice management, revenue management, and patient engagement software. These tools help streamline the unique workflows of specialty practices, enhancing efficiency in clinical, administrative, financial, and marketing areas. Nextech serves over 9,000 providers and 50,000 office staff, generating revenue through software sales and consultative services. The company differentiates itself by offering tailored solutions that align with the specific needs and workflows of individual providers, aiming to support the success of specialty practices.

Tampa, FloridaHeadquarters
1997Year Founded
BUYOUTCompany Stage
Consulting, HealthcareIndustries
201-500Employees

Benefits

Generous annual bonus opportunity
401(k) Company Match
Flexible Time Off
Paid Holidays
Volunteer Time Off
Health Insurance
Dental Insurance
Vision Insurance
Health Savings Account/Flexible Spending Account
Flexible Spending Account
100% Company-Paid Parental leave
100% Company-Paid Life Insurance
100% Company-Paid Short/Long Term Disability Insurance
Wellness Program
Employee Assistance Program
Corporate Discounts on Retail, Travel, and Entertainment
Pet Insurance options

Risks

Patients may resist AI solutions, impacting Nextech's AI Virtual Assistant adoption.
Leadership change with Rusty Frantz as CEO may disrupt current operations.
Partnership with Assembly Health may face integration challenges affecting revenue cycle services.

Differentiation

Nextech specializes in EMR/EHR for ophthalmology, plastic surgery, and dermatology.
The company offers ONC-certified solutions tailored to specialty providers' unique workflows.
Nextech integrates AI tools like AI Scribe to enhance clinical and administrative efficiency.

Upsides

Nextech's AI Virtual Assistant automates 85% of routine patient interactions.
The company increased practice collections by 10% with new revenue cycle management services.
Nextech was named 2024 Best in KLAS for Ambulatory Specialty EHR.

Funding

Total raised$1.4 K
Latest valuation$1.40 B
StageBUYOUT
BUYOUT
6/30/2023
$1.4 K
$1.40 B