Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. CAH’s earnings surpassed estimates in three of the trailing four quarters and missed in one, the average surprise being 12.3%.Ĭardinal Health has gained 54.6% compared with the industry’s 11.8% rise over the past year. Merit Medical has gained 47.1% compared with the industry’s 11.8% rise over the past year.Ĭardinal Health, carrying a Zacks Rank #2 at present, has a long-term estimated growth rate of 12.4%. MMSI’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 20.2%. Merit Medical, carrying a Zacks Rank #2 at present, has an estimated long-term growth rate of 11%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.ĪmerisourceBergen has gained 12.3% compared with the industry’s 11.8% rise in the past year. ABC’s earnings surpassed estimates in all the trailing four quarters, the average being 3.1%. ĪmerisourceBergen, carrying a Zacks Rank #2 (Buy) at present, has an estimated long-term growth rate of 8.9%. ![]() ( MMSI Quick Quote MMSI - Free Report) and Cardinal Health, Inc. Some better-ranked stocks in the broader medical space are AmerisourceBergen Corporation ( ABC Quick Quote ABC - Free Report), Merit Medical Systems, Inc. Image Source: Zacks Investment Research Zacks Rank & Stocks to ConsiderĬurrently, NextGen carries a Zacks Rank #4 (Sell). Shares of NextGen have lost 12.3% in the past year compared with the industry’s 21.1% decline and against the S&P 500's 5.1% growth. In February, NextGen announced that Compass Health Network had chosen NextGen Behavioral Health Suite to provide whole-person care. Mirth Cloud Connect is built upon NextGen’s popular Mirth Connect. In March, NextGen announced the launch of Mirth Cloud Connect, a cloud-based solution that provides interoperability as a managed solution, at the ViVE 2023. Last month, NextGen announced that Mindful Care had selected NextGen Behavioral Health Suite to support its short- and long-term goals. Given the market potential, the latest adoption of NextGen’s product is expected to significantly boost its business. ![]() Factors like the rise in elderly population, the increase in prevalence of mental disorders and the growing number of people seeking mental health support are likely to drive the market. Per a report by Prophecy Market Insights published on GlobeNewswire, the global mental health market accounted for $381.98 billion in 2020 and is anticipated to reach $527.44 billion by 2030, seeing a CAGR of 3.4%. Management believes that the partnership with CHE Behavioral Health Services will enable it to expand its reach to offer life-changing access to care and meet the rapidly growing demand.ĬHE Behavioral Health’s management believes that implementing NextGen Behavioral Health Suite will enable it to work with a solution provider that understands the complexities of delivering quality mental health care. ![]() It has revealed that nearly 21% of adults confirmed experiencing mental illness, and 15% of adults were diagnosed with a substance use disorder in the past year. Per NextGen’s management, recent data has provided a concerning insight into the prevalence of mental health concerns in the U.S. With the latest adoption, NextGen is likely to solidify its foothold in the mental health treatment space across the nation, thereby boosting its Enterprise domain. However, it will initially begin using NextGen Behavioral Health Suite in 14 states. The NextGen Behavioral Health Suite is a comprehensive solution that provides access to a single, integrated physical and behavioral health record to treat a patient.Ĭarlsbad, CA-based CHE Behavioral Health is currently licensed to provide services in 47 states across the United States. ![]() ( NXGN Quick Quote NXGN - Free Report) announced that CHE Behavioral Health Services had chosen NextGen Behavioral Health Suite to support its growing network.
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