athenahealth

Athenahealth provides cloud-based services for physician practices, such as electronic health records and practice management. The Company's service offerings are based on proprietary web-native practice management and electronic health record software, a continuously updated payer knowledge-base, integrated back-office service operations and live patient communications services.

Company Growth (employees)
Type
Public
HQ
Watertown, US
Founded
1997
Size (employees)
5,305 (est)
athenahealth was founded in 1997 and is headquartered in Watertown, US

Key People at athenahealth

Jonathan Bush

Jonathan Bush

Chief Executive Officer, President and Chairman of the Board of Directors
Stephen Kahane

Stephen Kahane

President, Enterprise Solutions
Maggie McCanner

Maggie McCanner

Executive Director, Product Innovation
Ed Park

Ed Park

EVP & COO

athenahealth Office Locations

athenahealth has offices in Watertown, Belfast, Atlanta, Austin and in 4 other locations
Watertown, US (HQ)
311 Arsenal Street
Bengaluru, IN
1 Lavelle Road
Chennai, IN
Block A Floor 9, SP Infocity Floor 9, MGR Main Rd, Kodandarama Nagar, Perungudi
Princeton, US
502 Carnegie Center, Suite 301
San Francisco, US
50 Hawthorne Street
Austin, US
800 West Cesar Chavez Street

athenahealth Data and Metrics

athenahealth Financial Metrics

athenahealth's revenue was reported to be $285.4 m in Q1, 2017
USD

Revenue (Q1, 2017)

285.4 m

Gross profit (Q1, 2017)

141 m

Gross profit margin (Q1, 2017), %

49%

Net income (Q1, 2017)

(1.4 m)

EBIT (Q1, 2017)

1.1 m

Market capitalization (17-Aug-2017)

5.7 b

Cash (31-Mar-2017)

98 m
athenahealth's current market capitalization is $5.7 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

245.5 m324.1 m422.3 m595 m752.6 m924.7 m1.1 b

Revenue growth, %

32%30%41%26%23%17%

Cost of goods sold

133.5 m

Gross profit

356.3 m450.1 m558.2 m949.4 m

Gross profit Margin, %

60%60%60%88%

R&D expense

44.4 m

General and administrative expense

30.8 m

Operating expense total

589.2 m751.6 m928.8 m75.2 m

EBIT

5.9 m955 k(4.1 m)12.4 m

EBIT margin, %

1%0%(0%)1%

Interest expense

314 k407 k3.9 m4.7 m5.8 m

Income tax expense

10.4 m13.8 m16.1 m(363 k)(745 k)4.9 m(1.7 m)

Net Income

2.6 m(3.1 m)14 m21 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

185.9 m190.4 m206.4 m224.7 m236.1 m256.1 m261.9 m276.7 m285.4 m

Cost of goods sold

144.4 m

Gross profit

141 m

Gross profit Margin, %

49%

R&D expense

16.4 m18.1 m23.7 m24.4 m22.6 m25.1 m23.6 m24.9 m42.8 m

General and administrative expense

30.4 m31.8 m36.2 m36.1 m34.8 m40.9 m41.3 m41.9 m31.4 m

Operating expense total

46.9 m49.9 m59.9 m60.5 m57.3 m66.1 m64.9 m66.7 m74.2 m

EBIT

(1.6 m)(1.3 m)(11.8 m)(2.2 m)3.2 m324 k(1.3 m)15.2 m1.1 m

EBIT margin, %

(1%)(1%)(6%)(1%)1%0%(0%)5%0%

Interest expense

(1.3 m)(1.2 m)(1.1 m)(1.5 m)(1.6 m)(1.9 m)(1.5 m)(1.3 m)

Income tax expense

739 k853 k4 m(8 m)(3.4 m)731 k884 k115 k(1.3 m)

Net Income

(2.2 m)(1.6 m)(8.8 m)9.3 m5.8 m(833 k)(1.9 m)13.9 m(1.4 m)
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

30.5 m35.9 m57.8 m155 m65 m73.8 m141.9 m147.4 m

Accounts Receivable

121.7 m148.2 m161.6 m

Inventories

17.2 m22.6 m30.2 m34.2 m

Current Assets

178.7 m259.1 m320.3 m343.2 m

PP&E

271.6 m321.5 m347.7 m

Goodwill

198 m198 m229.2 m240.7 m

Total Assets

796.4 m932 m1.1 b1.2 b

Accounts Payable

3.9 m9.4 m10.8 m9.5 m

Total Debt

188.8 m18.3 m

Current Liabilities

149.8 m205.6 m193.7 m197.9 m

Total Liabilities

555.9 m

Additional Paid-in Capital

381 m443.3 m522.4 m591.5 m

Retained Earnings

11.6 m8.5 m22.5 m43.5 m

Total Equity

543.3 m633.3 m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0.2 x0 x

Financial Leverage

2.1 x1.9 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

56.2 m59.5 m32.6 m104.9 m116.7 m100.6 m134.3 m130 m98 m

Accounts Receivable

97.6 m101.5 m118.7 m127.3 m144.8 m147.3 m139.8 m151.3 m164.3 m

Current Assets

227.1 m229.5 m219 m279.8 m306.9 m283.1 m307.2 m320.5 m303.7 m

PP&E

235 m259.7 m282.8 m298.2 m309.1 m323.1 m327.9 m332.7 m361.1 m

Goodwill

198 m198 m230.1 m229.2 m229.2 m229.2 m229.9 m240.7 m240.7 m

Total Assets

865.7 m891.6 m968.9 m1.1 b1.1 b1.1 b1.1 b1.2 b1.2 b

Accounts Payable

9 m10.4 m10 m12.4 m14.2 m6 m4.1 m13.9 m4.4 m

Current Liabilities

180.8 m197 m128.8 m167.8 m178.9 m161.3 m183.4 m187.9 m165.2 m

Additional Paid-in Capital

396.6 m413.1 m449.4 m467.8 m499.3 m525.6 m547.5 m567.7 m598.4 m

Retained Earnings

1.4 m9 m14.8 m21.7 m19.8 m33.7 m90.3 m

Total Equity

480.3 m512.2 m545.7 m565.6 m599.9 m687.4 m

Financial Leverage

2.2 x2.1 x2 x2 x1.9 x1.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

2.6 m(3.1 m)14 m21 m

Depreciation and Amortization

43.6 m18.1 m26.3 m142.7 m

Accounts Receivable

(4.2 m)(34 m)(25 m)(13.5 m)

Inventories

3.3 m4.3 m4.2 m5.1 m

Accounts Payable

(233 k)2.5 m2.8 m(4.8 m)

Cash From Operating Activities

93.3 m149.1 m163.8 m182.6 m

Purchases of PP&E

(38.3 m)(76.1 m)(87.2 m)(69 m)

Cash From Investing Activities

(424.9 m)(127.3 m)(199.1 m)(174.9 m)

Long-term Borrowings

(173.8 m)(7.5 m)

Cash From Financing Activities

241.7 m(12.8 m)103.8 m(2 m)

Interest Paid

3.3 m4.5 m

Income Taxes Paid

1.3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(2.2 m)(1.6 m)(8.8 m)9.3 m5.8 m(833 k)(1.9 m)13.9 m(1.4 m)

Depreciation and Amortization

15.2 m17.3 m20.4 m22.1 m24.8 m26.8 m28.5 m32.5 m

Accounts Receivable

97.6 m101.5 m118.7 m127.3 m144.8 m147.3 m139.8 m151.3 m164.3 m

Accounts Payable

9 m10.4 m10 m12.4 m14.2 m6 m4.1 m13.9 m4.4 m
USDY, 2017

Revenue/Employee

53.8 k

Financial Leverage

1.8 x

athenahealth Operating Metrics

athenahealth's Customers was reported to be 88 k in FY, 2016, which is a 17% increase from the previous period
FY, 2013Y, 2014FY, 2015FY, 2016

Customers

50.21 k62 k75 k88 k

athenahealth Market Value History

athenahealth Median Salaries

Source: 39 public H-1B filings from athenahealth

Traffic Overview of athenahealth

athenahealth Online and Social Media Presence

athenahealth News and Updates

Drchrono raises $12 million in Series A to take on older EHR platforms like athenahealth

 A couple of early-stage venture capital outfits have infused medical practice management platform drchrono with $12 million in Series A financing to help the eight-year-old company compete with EHR incumbents in bigger health organizations like athenahealth and Allscripts. Read More

AthenaHealth's Plan To Fix Health Care Hinges On Tiny Hospitals

"We are taking a bottoms-up approach," says CEO Jonathan Bush.Edmund Billings spends about three weeks out of the month living out of a suitcase. He racked up 20,000 miles on the road in the past nine months, while driving to some of the most rural and remote parts of the country.Read Full Story

athenahealth Company Life and Culture

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