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.
Type
Public
HQ
Watertown, US
Founded
1997
Size (employees)
5,156 (est)-2%
athenahealth was founded in 1997 and is headquartered in Watertown, US
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Key People/Management at athenahealth

Maggie McCanner

Maggie McCanner

Executive Director, Product Innovation
Stephen Kahane

Stephen Kahane

EVP | President, Client Organization
Ed Park

Ed Park

Member, Board of Directors

athenahealth Office Locations

athenahealth has offices in Princeton, San Francisco, Austin, Atlanta and in 4 other locations
Watertown, US (HQ)
311 Arsenal Street
Atlanta, US
675 Ponce de Leon Ave NE Suite 9000
Austin, US
800 West Cesar Chavez Street
Belfast, US
3 Hatley Road
Princeton, US
502 Carnegie Center, Suite 301
San Francisco, US
50 Hawthorne Street
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athenahealth Financials and Metrics

athenahealth Financials

athenahealth's revenue was reported to be $1.08 b in FY, 2016 which is a 17.1% increase from the previous period.
USD

Market capitalization (22-Jun-2018)

6.5 b

Closing share price (22-Jun-2018)

160.7

Cash (31-Mar-2018)

142 m
athenahealth's current market capitalization is $6.5 b.
Annual
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

949.4 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

151.5 m163 m185.9 m190.4 m206.4 m224.7 m236.1 m256.1 m261.9 m276.7 m285.4 m301.1 m304.6 m

Cost of goods sold

144.4 m143.8 m144 m

Gross profit

141 m157.3 m160.6 m

Gross profit Margin, %

49%52%53%
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016FY, 2017

Cash

30.5 m35.9 m57.8 m155 m65 m73.8 m141.9 m147.4 m165.1 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 m381.4 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

62.3 m51.3 m56.2 m59.5 m32.6 m104.9 m116.7 m100.6 m134.3 m130 m98 m71.2 m122.7 m142 m

Accounts Receivable

87 m97.6 m101.5 m118.7 m127.3 m144.8 m147.3 m139.8 m151.3 m164.3 m170.3 m163.9 m

Current Assets

180.6 m231.4 m227.1 m229.5 m219 m279.8 m306.9 m283.1 m307.2 m320.5 m303.7 m287.9 m329.4 m

PP&E

212.3 m235 m259.7 m282.8 m298.2 m309.1 m323.1 m327.9 m332.7 m361.1 m362.7 m361.5 m
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

2.6 m(3.1 m)14 m21 m

Depreciation and Amortization

43.6 m18.1 m26.3 m142.7 m

Inventories

3.3 m4.3 m4.2 m5.1 m

Accounts Payable

(233 k)2.5 m2.8 m(4.8 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

(10.6 m)(8.1 m)(2.2 m)(1.6 m)(8.8 m)517 k6.3 m(833 k)(2.7 m)11.2 m(1.4 m)

Depreciation and Amortization

43.7 m14.2 m15.2 m17.3 m20.4 m54.7 m85.9 m33.1 m66.5 m104 m

Accounts Payable

7.4 m9 m10.4 m10 m2.6 m5.6 m(4.4 m)(6 m)2.2 m4.4 m

Cash From Operating Activities

56.2 m74.6 m102.9 m8.3 m82 m136 m
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athenahealth Operating Metrics

athenahealth's Customers was reported to be 88 k in FY, 2016.
FY, 2013Y, 2014FY, 2015FY, 2016

Customers

50.21 k62 k75 k88 k
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athenahealth Online and Social Media Presence

Embed Graph
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athenahealth News and Updates

Jonathan Bush's farewell letter to athenahealth employees

The former CEO wrote a sanguine letter to colleagues that acknowledged his shortcomings and struck an optimistic note about the EHR company’s future.

How Mercy is using NLP with its Epic EHR to improve analytics for cardiac care

Natural language processing technology is helping the health system unlock information from the notes that it previously hadn't been able to use.

With athenahealth's founder and CEO Jonathan Bush out of the picture, what's next?

Analysts predict a final price will be more than the original $6.5 billion takeover bid while athenahealth's executive chairman Jeff Immelt says sale, merger or remaining independent are all options.

POLL: What's next for athenahealth?

With CEO Jonathan Bush now out, should athenahealth accept activist investor Elliott Management's $6.5 billion takeover bid?

At Watertown-based athenahealth, the CEO is out and it may be up for sale

Athenahealth's leader resigns, board of the medical billing software maker is exploring a potential sale

Athenahealth CEO Jonathan Bush leaves, board says it will consider sale or merger

Bush’s exit comes as previous charges of sexual harassment and domestic abuse surfaced amid activist investor’s nearly $7 billion takeover bid.
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