NexTech Systems Inc. Among Cloud Top 500

4221 W Boy Scout Blvd, Suite 200

Tampa, FL, 33607, USA

1 866-654-4396

http://www.nextech.com/

704

NexTech Systems Inc. Strengths, Domain Expertise, and Key Differentiators

Nextech is the complete health care technology solution for specialty providers. Nextech has been focused on delivering intelligent, intuitive, integrated solutions that empower specialty physicians to maximize efficiency, optimize charting accuracy and increase overall practice profitability. The 2017 Nextech release new Revenue Cycle Management Solution to Optimize Billing and Collections. The new Nextech RCM complement the existing suite of Nextech Practice Management and EMR solutions.

NexTech Systems Inc. Recent Developments

Nextech Systems acquired SupraMed, developer of a web-based practice management system and electronic health record (EHR) built for the unique needs of plastic surgeons. The acquisition further cements Nextech’s dominance in the plastic surgery market and demonstrates its commitment to delivering top-tier specialty-specific EHR and practice management solutions.

NexTech Systems Inc. Mergers and Acquisitions (M&A) Activities

In June 2019 Thomas H. Lee Partners LP, which specializes in middle-market growth companies, acquired Nextech from Francisco Partners and its other stockholders. Francisco Partners, a technology-focused private equity firm, made a “strategic” investment in Nextech in October 2013. The partnership was designed to enhance and support Nextech’s infrastructure and growth in medical specialties. Terms of the transaction between Nextech and Thomas H. Lee Partners are not disclosed. In January 2019 Nextech Systems has acquired EMR solution provider, SRS Health Software LLC. The Montvale, New Jersey-based SRS Health has developed specialized solutions across the ambulatory sector with particular focus on Orthopedic practices. The strategic acquisition will expand Nextech’s specialty physician focus beyond its core ophthalmology, dermatology and plastic surgery focus. The acquisition will result in Nextech servicing more than 10,000 providers across specialty ambulatory physician markets and solidifies Nextech's position as a premier provider of specialty healthcare technology solutions.

NexTech Systems Inc. Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD ask the simple question: Who’s buying NexTech Systems Inc. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of NexTech Systems Inc. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified NexCloud, customers.

NexTech Systems Inc. Overview

Ownership: - x

Number of Employees: 220

Functional Markets: ERP Services and Operations Management,

Key Verticals: Healthcare,

NexTech Systems Inc. Key Enterprise and Cloud Applications

NexCloud,

NexTech Systems Inc. Revenues, $M:

Type/Year 2017 2018 YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

NexTech Systems Inc. Revenue Breakdown By Type, $M:

Type License Services Hardware Support & Maintenance SaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

NexTech Systems Inc. Revenues By Region, $M

Region % of Total Revenues 2018 Total Revenues, $M 2018 Enterprise Applications Revenues, $M 2018 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

NexTech Systems Inc. Direct vs Indirect sales

Region Direct Sales Indirect Sales Total
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

NexTech Systems Inc. Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified NexTech Systems Inc. Customers


No. of NexTech Systems Inc. Customers: 9000

No. of NexTech Systems Inc. Enterprise Applications Customers: 9000

No. of NexTech Systems Inc. Cloud Customers: x

No. of NexTech Systems Inc. Cloud Subscribers: 50000


Nextech services more than 9,000 physicians and over 50,000 office staff members in the clinical specialties of Ophthalmology, Dermatology and Plastic Surgery. Among It's customers are Kremer Eye Center, Long Island Plastic Surgical Group

NexTech Systems Inc. Market Opportunities, M&A and Geo Expansions

In March 2019 Nextech Systems has partnered with Relatient, a provider of patient engagement technology. This partnership will allow Nextech’s network of clients to utilize Relatient’s suite of products for patient-centered engagement which has a track record of reducing costs, improving the patient journey and growing revenue for all sizes of practices. All Nextech specialties – including Ophthalmology, Dermatology, Plastic Surgery, and Orthopedics – will have the ability to rely on Relatient to manage appointment communications through text, email and or voice with built-in best practices, all compliant to HIPAA and TCPA regulation. Integrating Nextech’s Practice Management with Relatient’s next-generation platform, specialty physician practices will see an increase in productivity and revenue while continuing to provide patient-centered care. Nextech’s cloud-based, Ophthalmology specific solutions are intelligently designed to enhance productivity. Engineered to meet the intricate needs of any Ophthalmologist, the MDIntelleSys EMR streamlines workflow, simplifies compliance and optimizes patient care.

NexTech Systems Inc. Risks and Challenges

Nextech's migration to the Cloud appears to be gathering momentum and ensuring customer success will be the key.

NexTech Systems Inc. Ecosystem, Partners, Resellers and SI

In April 2019, Luma Health and Nextech Systems have partnered to enhance patient engagement and boost practice revenue. This partnership gives Nextech customers access to Luma Health’s innovative capabilities, including Smart Conversations with patients, Intelligent Scheduling and automated Referral Management. Nextech’s network of clients can now utilize Luma Health’s patient engagement platform to better engage their patients in their own care while freeing physicians to spend more quality time administering care. All of Nextech’s specialty medical practices – including ophthalmology, dermatology, plastic surgery, and orthopedics – will have the ability to rely on Luma Health to manage engagement across the patient journey, including intelligent scheduling, automated referral management, mobile-first patient communications, reputation management and virtual collaboration with other physicians. In August 2018, Nextech Systems partnered with Solutionreach and SkinIO. The partnership with Solutionreach allows Nextech's customers to use Solutionreach's patient management package, enabling them to provide a better patient experience and increase earnings from practice. On the other hand, the recent partnership with SkinIO, allows Nextech’s dermatology clients to integrate with the latest technology in healthcare that provides a fast and easy in-office full-body imaging system. Nextech Systems partneres include: TriZetto Provider Solutions, Intuit, CardConnect, DrFirst, Legacy Health Group, RxPhoto, MyMedLeads, ConnectOnCall, DoctorConnect, TSYS, PatientPop, Concord Fax, CellTrust, NewCorp, Nuance, BirdEye and Advantage Administration, Inc.

NexTech Systems Inc. Cloud Infrastructure Insights

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  • NexTech Systems Inc. Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.


Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).


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