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Nextech

“Can a specialty-healthcare EHR become the financial and AI operating system for ophthalmology, plastic surgery, dermatology, orthopedics, and med spa practices?”

Founded1997
HQTampa, Florida, USA
Total raised$1.4B
Latest roundBuyout by TPG (2023)
IndustryVertical SaaS / Healthcare
The story

Nextech has been a specialty-focused EHR / practice-management vendor since 1997, serving ophthalmology, dermatology, plastic surgery, med spa, and orthopedics. Under successive PE ownership (Francisco Partners → THL → TPG), the company has pushed beyond clinical software into embedded payments (Nextech Payments on Stripe, 2021 → expanded 2026 with Affirm), patient financing (CareCredit), and now vertical AI (Cora Scribe). The current strategic move is to embed intelligence and money movement into the specialty-practice workflow rather than remain a pure records vendor.

Last 12 months
2026-04
2026-01
Product timeline
1997
Nextech founded in Tampa as EHR/PM software for specialty physician practices.· founding
2019
Acquired by Thomas H. Lee Partners from Francisco Partners.· acquisition
2021
Partnership with Stripe launched to deliver integrated payments to specialty medical practices.· payments
2023
TPG acquires Nextech from THL.· acquisition
2026
Relaunched Nextech Payments platform on Stripe with Affirm pay-over-time integration.· payments
2026
Launched Cora Scribe, an AI documentation product for ophthalmology.· ai
Acquisitions
TouchMD
Visual consultation and photography software for aesthetic practices; now part of Nextech's product suite.
The stack
4 layers disclosed in Nextech’s embedded-finance stack
Payments / PSP
Stripe Connect
Lending
in the full report
KYC
in the full report
Accounting
in the full report
Accounting gap: minor
6 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Nextech — frequently asked

Who is Nextech's payment processor?

Nextech processes payments through Stripe Connect.

Which KYC provider does Nextech use?

Nextech uses Stripe (Connect KYC/onboarding) for KYC and identity verification.

Who provides Nextech's lending?

Nextech's lending and capital products are provided by CareCredit (Synchrony) and Affirm.

Which accounting software does Nextech integrate with?

Nextech integrates with TriZetto Provider Solutions.

What is Nextech's embedded finance stack?

The Embedded Finance Index 2026 maps 4 layers in Nextech's stack: Payments / PSP (Stripe Connect); Lending (CareCredit (Synchrony), Affirm, CareCredit patient financing integration and Affirm pay-over-time via Nextech Payments); KYC (Stripe (Connect KYC/onboarding)); Accounting (TriZetto Provider Solutions).

Where is Nextech headquartered?

Nextech is founded in 1997 and headquartered in Tampa, Florida, USA.

How much funding has Nextech raised?

Nextech has raised $1.4B in total (latest round: Buyout by TPG (2023)).

What companies has Nextech acquired?

Nextech's acquisitions include TouchMD.

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