Health IT Company looking for new CEO

As the ambulatory Health IT developer searches for a new CEO, the board of directors of NextGen Healthcare has established new executive leadership and board oversight committees. Rusty Frantz, the company’s president and CEO for more than six years, has agreed to a mutual separation and will step down from those posts, as well as the NextGen board, effective immediately, according to a statement released by NextGen on Monday afternoon.

Frantz said in a statement, “I’m incredibly proud of all we have accomplished over the past six years. With the talent and dedication I have seen firsthand across the organization, I am equally confident in NextGen Healthcare’s continued success. This transition enables me to put 100% of my focus on my most important priority – my family.” While the company hires executive search firm Spencer Stuart to identify a new CEO, NextGen Healthcare will be led by an interim executive leadership committee.

Independent directors Jeff Margolis and Craig Barbarosh, non-executive chairman and vice chairman of the board, will engage with the ELC on a new board oversight committee. Of course, NextGen Healthcare isn’t the only significant Health IT company to appoint new leadership in recent months. Cerner stated in May that it was parting ways with CEO Brent Shafer three years after he succeeded the EHR giant’s late founder, Neal Patterson and that it will begin a search for a new CEO.

The features editor of Health IT News published a case study earlier this month demonstrating how NextGen’s Otto telehealth platform helped one health system improve patient and provider experience.