Nextus Billing Solutions
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
Nextus Review LLC (d/b/a Nextus Billing Solutions), founded in 2015, is a medical billing and revenue cycle management (RCM) company headquartered in Boca Raton, Florida. The company specializes in providing outsourced billing services to healthcare providers, particularly small to medium-sized medical practices, to optimize financial operations, enhance revenue collection, and improve patient engagement. Nextus leverages technology to streamline claims processing, reduce administrative burdens, and ensure compliance with healthcare regulations. With a focus on personalized service and data-driven solutions, Nextus serves clients across multiple medical fields, including gastroenterology and dental practices, aiming to improve practice efficiency and financial performance. The company has grown through organic expansion and strategic partnerships, maintaining a client-centric approach in the competitive healthcare RCM market. Business/Product Breakdown Nextus Billing Solutions offers a comprehensive suite of medical billing and RCM services designed to support healthcare providers in managing their revenue cycles. Its core services include Medical Billing, which encompasses claim submission, denial management, and payment posting, ensuring accurate and timely reimbursement from insurance payers. The company also provides Credentialing and Enrollment, assisting providers with payer contract negotiations and compliance with Medicare, Medicaid, and CMS standards. Patient Engagement tools, such as patient billing portals and payment plan options, enhance patient satisfaction and collections. Nextus's Practice Analytics deliver actionable insights through customizable reports on financial performance, claim denial trends, and operational efficiency. The company integrates with electronic health record (EHR) systems like Athenahealth and eClinicalWorks, enabling seamless data flow. Nextus's technology-driven approach, combined with personalized support, differentiates it from larger RCM providers. Revenue is generated through service fees, typically a percentage of collections (5-8% industry standard), and flat-rate contracts for smaller practices. Strategic partnerships, such as with dental software providers, expand its market reach across specialties.
Keywords
Keywords
Classified
Private