David Sides Appointed President and CEO of NextGen Healthcare

NextGen Healthcare Inc., a provider of ambulatory-focused technology solutions, has appointed David Sides as president and CEO.
 
Sides brings more than two decades of experience in healthcare information technology and product innovation. He is a strategic, results-oriented global executive with a proven track record of leading growth and margin expansion. Most recently he served as chief operating officer of Teladoc Health, a global leader in virtual care, where he led the company’s worldwide commercial and operations teams. During his tenure at Teladoc, revenues doubled in 2020 and are on track to exceed $2 billion in 2021.
 
“David’s appointment marks the conclusion of a successful CEO search process, during which we evaluated a number of highly qualified candidates. David stood out as the ideal person to serve as NextGen Healthcare’s CEO and guide our next stage of growth and success,” said Jeffrey H. Margolis, chair of the Board of Directors. “With David on board, NextGen Healthcare has a powerhouse management team that defines what leadership should look like: continuing stability in operations and customer delivery, upgraded strategic industry knowledge, and a seasoned and experienced leader as CEO.”
 
In connection with his appointment as president and CEO, Sides has been appointed to the company’s nine-member slate, which includes five directors—Julie Klapstein, Dr. Geraldine McGinty, Dr. Pamela Puryear, Darnell Dent, and Sides—who will have been added in the past four years and four who are diverse across race and gender.
 
“Not only is David extremely qualified to serve as NextGen Healthcare’s CEO, but he also rounds out our outstanding director slate which is differentiated by its significant experience in healthcare and healthcare information technology. The Board has every confidence that the company is well-positioned to accelerate its leadership position in the rapidly evolving healthcare industry with our expanded solution offerings—and with David at the helm, we now have the right team to get us there,” Margolis said.
 
The nine-member Slate includes (besides Sides):

• Craig A. Barbarosh: Experienced board director and attorney, specializing in financial and operational restructuring and M&A. Extensive board leadership, including currently serving as chair of Landec Corporation, a director at Evolent Health (member of Strategy and Compensation Committees), and a director at Sabra Health Care REIT (chair of Audit Committee and member of Compensation Committee).  
• George H. Bristol: Former chief financial officer and investment banker, where he has experience analyzing, evaluating and understanding financial statements and advising on the complexities of strategic and transactional financial matters. Decades-long career assisting shareholders and managers of businesses formulating and executing corporate financial transactions and strategies to maximize shareholder value. Breadth of his experience helps NextGen Healthcare navigate constantly changing business developments and capital markets. 
• Darnell Dent: Has spent more than 25 years as an executive leading managed healthcare plans and advising on plan organizational development and strategy, including as strategic advisor to Softheon, provider of cloud-based health insurance exchange technology, as CEO of FirstCare Health Plans and senior executive at University of Pittsburgh Medical Center Health Plan, among others. NACD Board Leadership Fellow, past chair of Association of Community Affiliated Health Plans, director at Adaptis (Audit Committee member). 
• Julie D. Klapstein: Experienced entrepreneur and healthcare technology CEO with 20 years of public/private board experience, including at Amedisys (chair of Compensation Committee and member of Quality and Governance Committees); at MultiPlan (member of Audit Committee); at Oak Street Health (chair of Compensation Committee and member of Compliance Committee); and at Revecore. Among other leadership roles, was founding CEO of Availity, one of the nation’s largest health information networks. 
• Jeffrey H. Margolis: Thirty-five years of healthcare industry experience including as CEO of data-driven SaaS technology companies. Currently serves on the boards of Hoag Hospital and Hoag Clinic in Orange County, Calif., Alignment Healthcare, TriNetX, and as a senior advisor to Blackstone. Has authored several books on transforming the healthcare industry. 
• Geraldine McGinty, M.D., MBA, FACR: Physician and patient advocate with firsthand insights into influence technology and analytics have in delivering quality healthcare. Current faculty member at Weill Cornell Medicine in New York City, serving as senior associate Dean for Clinical Affairs and associate professor of Clinical Radiology and chief strategy officer and chief contracting officer for Weill Cornell Medicine Physician Organization. In 2019, was named one of the Most Powerful Women in Health IT by Health Data magazine. 
• Morris Panner: Senior executive with significant expertise in healthcare technology companies, including with SaaS capabilities, and the law. Currently, CEO of Ambra Health, a cloud-based healthcare software company that manages diagnostic imaging and related healthcare data. Former assistant U.S. attorney and legal advisor to U.S. government agencies, including the U.S. Department of Justice. 
• Pamela Puryear, PHD, MBA: Thought leader with expertise in driving value creation through human capital management, organizational transformation, innovation and operational excellence, with focus in medical device and pharmacy sectors of the healthcare industry. Served as executive vice president and chief human resources officer (CHRO) at Walgreens Boots Alliance; senior vice president and chief human resources officer at Zimmer Biomet; and chief talent officer at Pfizer and Hospira. Also worked in financial services, and led an Organization Development consulting practice working with clients in healthcare, consumer products and insurance. Currently serves on the boards of Petplan and Rockley Photonics, where she chairs both Compensation Committees and serves on one Nomination/Governance Committee.

Sides has a breadth of global commercial and operations experience leading premier healthcare technology companies.
 
Sides most recently served as chief operating officer at Teladoc Health, the global leader in virtual care; previously, he served as CEO of Streamline Health, which offers revenue cycle management solutions for healthcare providers. Sides led the full-scale turnaround of Streamline Health, growing revenue, EBITDA and cash flow organically. Prior to that, Sides was recruited by TPG to serve as CEO of iMDsoft, an Israeli headquartered provider of clinical information systems and electronic medical records for critical, perioperative and acute care organizations. Under Sides’ leadership, iMDsoft delivered a more than 30 percent increase in revenue while investing in new systems and processes.
 
Earlier in his career, Sides worked for Cerner Corporation, a leading supplier of health information technology services, devices and hardware, from 1995-2012. Among other roles, he served as senior vice president, World Wide Consulting, where he led Cerner’s professional services in 24 countries and owned global P&L and functional responsibilities from sales through implementation for the business. At Cerner, he created new methodologies for deployment, new service lines and development plans for 3,500 associates, growing the consulting business from $643 million in 2008 to $1.031 billion in 2012.
 
Sides is a former director at EMIS Group, a major provider of healthcare software, information technology and related services in the United Kingdom, and at Streamline Health. He is a Fellow in the American College of Healthcare Executives.
 
Sides earned a bachelor of arts degree in biophysics from the University of California, Berkeley, and an MBA and MHA from the University of Missouri, Columbia.

“NextGen Healthcare has an incredible future as we partner with our clients to improve their productivity and patient outcomes,” said Sides. “Investments made over the past five years in talent and technology position NextGen Healthcare in the sweet spot of long-term industry trends, such as connected health and population health analytics. I am energized by the Company’s work to capitalize on these trends and empower the transformation of ambulatory care. Together with NextGen Healthcare’s talented employees, I am committed to accelerating NextGen Healthcare’s growth and value creation by ensuring we remain the trusted partner of choice for our valued clients.”
 
NextGen Healthcare Inc. provides ambulatory-focused technology solutions. The company empowers the transformation of ambulatory care—partnering with medical, behavioral and dental providers in their journey to value-based care to make healthcare better for everyone. NextGen’s integrated solutions help increase clinical productivity, enrich the patient experience, and ensure healthy financial outcomes.