NextGen Healthcare announces CEO transition

NextGen Healthcare, a California-based electronic health record company and provider of ambulatory-focused technology services, and its president and CEO, Rusty Frantz, have reached a mutual agreement for Frantz to step down from his role, effective immediately. 

In addition, Frantz will no longer serve as a member of the board of directors. An executive leadership committee has already been established to temporarily lead the company and search for a new leader, and several executives are sitting on the search committee.

The committee will also work with a newly established board oversight committee, which includes independent directors Jeff Margolis, non-executive chairman of the board, and Craig Barbarosh, vice chairman of the board.

“On behalf of the Board, we thank Rusty for leading NextGen Healthcare through a successful operational reinvention,” Margolis said in a statement. “Today, the company benefits from the highest-quality solution offerings in ambulatory healthcare, best-in-class customer service and satisfaction levels, and an exceptionally engaged team of executives and employees who daily live a culture that believes in better. We wish Rusty the best.”

The company also affirmed its outlook for fiscal year 2022, projecting revenue between $574 million and $584 million.

The announcement of the executive shakeup comes just four weeks after NextGen named Srinivas (Sri) Velamoor as its chief growth officer, a new position for the company.

Around the web

The investors service changed its position on RP from stable to positive, noting a marked recovery in patient volumes after steep COVID-related declines in Q2 of 2020. 

Millions of women stand to lose breast cancer screening benefits if lawmakers fail to extend the moratorium on honoring controversial USPSTF recommendations. 

Screening programs, radiology information systems and value-driven financial models are all key opportunities for the specialty.

The groups aim to help hospitals around the world collect data on cardiovascular procedures using evidence-based algorithms.

Trimed Popup