Nextus Billing Solutions

Boca Raton, Florida

Classification

Private

Financials

Revenue & Profit

Revenue

Valuation

Valuation

Ratios

Revenue / EBITDA
$123 MM
Valuation / Revenue
$123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

People

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee
--
Jane DoeEmployee
John DoeEmployee
John DoeEmployee

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

Deals

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

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

Target

BrightHealth Technologies

Seller

Early Investors Consortium

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