NexgenRx Inc. (NEGXF)
NexgenRx Inc. operates in the Medical - Healthcare Plans industry of the Healthcare sector, headquartered in Toronto, ON, CA. The stock last traded at $0.33, up 0.00% on the session, giving a market capitalisation of $23.1M. On trailing twelve-month figures it carries a trailing P/E of 17.91, a net margin of 10.9%. Its beta of 0.52 implies it has historically moved less than the broad market.
NexgenRx Inc., established in 2003 and based in Toronto, Canada, functions as a third-party administrator for health benefit plans. The company's primary role involves efficiently managing, adjudicating, and processing payments for prescription drug, dental, and various other extended healthcare claims for individuals covered by plans offered by its clients across Canada. Beyond core claims handling, NexgenRx offers Health Care Spending Accounts (HCSAs), providing individuals with dedicated funds for their health or dental expenses. Its service portfolio also encompasses individual and aggregate stop-loss insurance products, emergency medical and travel assistance insurance, and a suite of administrative support functions. These administrative services include the collection and disbursement of premiums for life and long-term disability (LTD) coverage, complemented by advanced reporting tools. To enhance convenience, the company facilitates online claims submission and direct deposit services, along with other specialized ancillary services.
NexgenRx Inc. is most often compared with the following Healthcare names: