- NextGen Healthcare, a leading provider of ambulatory-focused technology solutions, announced it is acquiring Topaz Information Solutions. These are the details.
NextGen Healthcare — a leading provider of ambulatory-focused technology solutions — announced it is buying Topaz Information Solutions. Topaz is a healthcare solutions company that is dedicated to meeting the needs of behavioral health and social services organizations. The terms of the deal were undisclosed.
And with this acquisition, NextGen Healthcare is now positioned to improve the delivery of integrated and collaborative care in the behavioral health market thus potentially reducing the cost of caring for millions of Americans while improving outcomes.
The acquisition — which includes all assets of TopazIS — had actually completed in the first week of October. And all employees of TopazIS have joined the NextGen Healthcare team.
“The importance of effectively treating behavioral and mental health has appropriately garnered national attention,” said Rusty Frantz, President and CEO of NextGen Healthcare. “The large majority of Americans understand that mental health is just as important as physical health. With the Topaz acquisition, NextGen is doubling down on our commitment to the behavioral health specialty for both societal and business benefits. We strongly believe companies do well by doing good.”
In a behavioral health research study published by the National Council for Behavioral Health and Cohen Veterans Network called “America’s Mental Health 2018,” it said that demand for mental health services is strong and growing. And nearly 6 in 10 (56%) Americans have sought or want to seek mental health services either for themselves or for a loved one. But access is the number one challenge.
NextGen Healthcare addresses the accessibility challenge by providing an integrated platform which effectively allows for providers to coordinate care and treat the whole patient.
“Topaz has been a proud NextGen Healthcare partner since 2000,” added Javier Favela, formerly TopazIS Chief Executive Officer and now Vice President, Behavioral Health Solutions at NextGen Healthcare. “Because our cultures, technologies and missions were already so well aligned, it made perfect sense to join forces. We couldn’t be more delighted to become part of NextGen Healthcare, a company that truly cares about its providers and their clients.”
The NextGen Behavioral Health Suite enables organizations to deliver true integrated and collaborative care. And it is built on the industry’s only technology platform that integrates behavioral, physical, and dental health records for a comprehensive view of the client/patient’s health. Plus the proven solution provides automation, interoperability, and analytics-driven medical and behavioral health workflows.
“The acquisition of TopazIS appears to be a well-timed move by NextGen Healthcare,” explained Aaron Gleave, Clinical Research Director for KLAS Research. “NextGen Healthcare is acquiring additional technology as the market is beginning to accelerate the adoption of technology platforms and solutions in this space. Behavioral Health has been an underserved area, and we’d love to see NextGen Healthcare deliver the same level of excellence that we’ve observed in its ambulatory offerings the past couple years.”