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NextGen Healthcare (NXGN) is a provider of a software and services platform, principally electronic health records and revenue cycle management solutions. The company is focused on the ambulatory healthcare market with a strong footprint of over 100,000 providers across 50 states. The company's solution provides its offering across specialties including dermatology, primary care, and surgery and sells into a variety of customer sizes including small single practices to large accountable care organizations and physician groups. Due to COVID-related headwinds and other operational/customer retention struggles, the company has not performed well year to date. And looking historically, the company has consistently underperformed the S&P500 as seen below.
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