Health IT Roundup—HHS opens cybersecurity center; NextGen adjusts guidance after revenues fall
November 01, 2018 / Evan Sweeney
EHR vendor NextGen Healthcare scaled back its earnings guidance for 2019 after reporting a $2.3 million decline in quarterly revenue. The company’s revenue dropped to $130 million in the last quarter due to “an uptick in attrition” along with larger deals with longer implementation timeframes. Net income reached $13 million, up from $8 million during the same quarter last year. “While we remain committed to our multi-year growth targets due to the strength or our bookings and pipeline along with solution enhancements coming to market, we are slightly adjusting guidance for this year,” CEO Rusty Frantz said in a statement. (SEC filing) Cerner President of Government Services Travis Dalton said he is “encouraged by the progress being made” at three Department of Defense treatment facilities where the company is rolling out a new EHR.