NextGen Healthcare has announced an agreement to acquire TSI Healthcare, located in Chapel Hill NC. NextGen EHR Software is a leading provider of cloud-based technology solutions in the US. This valuable acquisition of the health IT vendor TSI Healthcare will help NextGen to expand its specialty care services.
Healthcare acquisition benefits
TSI Healthcare has been a vital part of the NextGen family for the past 16 years. The health IT vendor has developed specialty-specific solutions exclusively on NextGen’s platform. The healthcare acquisition will enable NextGen to expand its presence in specialties like cardiology, pulmonology, and rheumatology. This will increase the service solutions offered by NextGen and further build a trusted name in ambulatory healthcare. It will provide a window of opportunity for the above-mentioned specialty care services to provide optimum patient care and enhance health outcome levels.
The healthcare acquisition is expected to contribute roughly $10 to $12 million of revenue in the remaining four months of fiscal 2023.
This important move comes as NextGen Healthcare progresses for behavioral health solutions, by releasing an integrated behavioral health suite.
The NextGen behavioral health suite
Earlier this year in April, NextGen healthcare released its behavioral health suite which has supported the delivery of foster care services by improving the Electronic Health Records functionality.
The behavioral health suite is the first-ever platform to seamlessly integrate physical health, behavioral health, human services, and, oral health in a single software solution. The updated functionality aims to enhance clinical workflows and streamline documentation for high-quality patient care.
By including foster care capabilities providers can easily expand care to the most vulnerable and valuable members of society, which are children. The new automated state-reporting functionality of the solution enables clinicians to spend more time focusing on patient care and worrying less about regulatory compliance.
These healthcare acquisitions aim to enrich the patient experience and extend care which also helps to improve financial performance. The acquisition will further solidify NextGen’s position in ambulatory healthcare.
