NextGen Healthcare (NYSE:NXGN) Q1 2021 Earnings Conference Call - Final Transcript

Jul 30, 2020 • 05:00 pm ET


NextGen Healthcare (NYSE:NXGN) Q1 2021 Earnings Conference Call - Final Transcript


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Welcome to the NextGen Healthcare Fiscal 2021 First Quarter Results Conference Call. Hosting the call today from NextGen are Rusty Frantz, President and Chief Executive Officer; and Jamie Arnold, Chief Financial Officer. [Operator Instructions]

Before we start, I'd like to remind everyone that the comments made on this call may include statements that are forward-looking within the meaning of the federal securities laws, including and without limitations, statements related to anticipated industry trend, the Company's plans, future performance, products, perspectives and strategies. Risk and uncertainties exist that may cause results to differ materially from those expressed in these forward-looking statements, including among others, those risks set forth in the Company's public filing with the U.S. Securities and Exchange Commission, including the discussion under the heading Risk Factors in the Company's most recent annual report on the Form 10-K and any other subsequent quarterly report on Form 10-Q. Any forward-looking statements speak only as of today. The Company expressly disclaims any intent or obligation to update these forward-looking statements.

Our remarks on today's call include both our earnings results and guidance, which contains certain non-GAAP financial measures. For our earning results, the GAAP financial measures most directly comparable to each non-GAAP financial measure used or discussed and a reconciliation of the differences between each non-GAAP financial measure and the comparable GAAP financial measure can be found within our latest quarterly earnings release that was filed with the SEC and is posted to the Investors section of our website. This release also provides qualitative description of how we have calculated non-GAAP financial measures contained in our guidance.

At this time, I would like to turn the call over to Mr. Rusty Frantz, President and CEO of NextGen. Sir, you may begin.

Rusty Frantz

Thank you, operator. In Q1 FY '21, our healthcare provider clients showed amazing resilience, heroics, commitment and bravery at a level that is truly awe-inspiring. The mission has never been more important, personal and immediate. As we look across our client base, we see clients innovating and creating new ways of engaging with their patients to ensure healthcare consumption for everyone. With our intense focus on the ambulatory space, we continue to have the privilege to work across the country and help our clients restart their practices, build volume back and restore our financial stability, all in the interest of providing quality care for those that need it in the tough time.

We are seeing many clients take advantage of the break to double down on investing and transforming for the new normal. We've seen some clients struggle and need guidance and help to get relaunch. We are blessed to have the opportunity to help bring healthcare back and the capabilities and scale to be a true positive force in the effort. As we look back at the quarter from a NextGen standpoint, we continued to show the strength of our NextGen integrated ambulatory platform, our continued robust commercial and competitive execution, our exceptional operational resilience, our strong client satisfaction, the ability