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.
TypePublic
HQWatertown, US
Founded1997
Size (employees)5,156 (est)-2%
Websiteathenahealth.com
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
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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 Revenue

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 (15-Oct-2018)

5.0b

Closing stock price (15-Oct-2018)

124.6
athenahealth's current market capitalization is $5 b.
Annual
usdFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

245.5m324.1m422.3m595.0m752.6m924.7m1.1b

Revenue growth, %

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

Cost of goods sold

133.5m

Gross profit

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

Revenue

151.5m163.0m185.9m190.4m206.4m224.7m236.1m256.1m261.9m276.7m285.4m301.1m304.6m

Cost of goods sold

144.4m143.8m144.0m

Gross profit

141.0m157.3m160.6m

Gross profit Margin, %

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

Cash

30.5m35.9m57.8m155.0m65.0m73.8m141.9m147.4m165.1m

Accounts Receivable

121.7m148.2m161.6m

Inventories

17.2m22.6m30.2m34.2m

Current Assets

178.7m259.1m320.3m343.2m381.4m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

62.3m51.3m56.2m59.5m32.6m104.9m116.7m100.6m134.3m130.0m98.0m71.2m122.7m142.0m

Accounts Receivable

87.0m97.6m101.5m118.7m127.3m144.8m147.3m139.8m151.3m164.3m170.3m163.9m

Current Assets

180.6m231.4m227.1m229.5m219.0m279.8m306.9m283.1m307.2m320.5m303.7m287.9m329.4m

PP&E

212.3m235.0m259.7m282.8m298.2m309.1m323.1m327.9m332.7m361.1m362.7m361.5m
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

2.6m(3.1m)14.0m21.0m

Depreciation and Amortization

43.6m18.1m26.3m142.7m

Inventories

3.3m4.3m4.2m5.1m

Accounts Payable

(233.0k)2.5m2.8m(4.8m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

Net Income

(10.6m)(8.1m)(2.2m)(1.6m)(8.8m)517.0k6.3m(833.0k)(2.7m)11.2m(1.4m)

Depreciation and Amortization

43.7m14.2m15.2m17.3m20.4m54.7m85.9m33.1m66.5m104.0m

Accounts Payable

7.4m9.0m10.4m10.0m2.6m5.6m(4.4m)(6.0m)2.2m4.4m

Cash From Operating Activities

56.2m74.6m102.9m8.3m82.0m136.0m148.0m
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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

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athenahealth News and Updates

mHealth (Mobile Healthcare) Ecosystem Market 2023: Global Services, Applications, Deployment Type, Regions and Opportunities, Key Players like Apple, AT&T, BioTelemetry, athenahealth

Qurate’s has announced the addition of the “mHealth (Mobile Healthcare) Ecosystem Market” The report focuses on global major leading industry players with information such as company profiles, product picture and specification. Posted via Industry Today. Follow us on Twitter @IndustryToday

Healthcare IT Solutions 2018 Global Market Key Players McKesson Corporation, Allscripts Healthcare Solutions, athenahealth, Epic Systems Corporation, GE Healthcare, Siemens Healthcare – Analysis and Forecast to 2025

WiseGuyRerports.com Presents “Global Healthcare IT Solutions Market Size, Status and Forecast 2018-2025” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday

Elliott Management puts brakes on athenahealth acquisition, causing shares to tumble

The ongoing saga of athenahealth and Elliott Management continues. Shares of the cloud-based health IT company fell sharply Tuesday morning on news that the hedge fund – which has recently been seen as the most likely candidate to acquire the company after a long and contentious courtship – has repo…

athenahealth is not a cloud company, Greenlight's David Einhorn says

The hedge fund expert says activist investor Elliott Management doesn’t want to buy athenahealth but hopes its takeover bid comes to another end.

Athenahealth revenue up 10%, earnings rise by triple digits

In the first earnings call since founding CEO Jonathan Bush stepped down from the company, officials said cost-cutting moves are fueling growth.

CMS creates Chief Health Informatics Officer position to lead interoperability push

The CHIO will support health IT management and technology innovation policy within the agency, while coordinating those efforts among staff.
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athenahealth Company Life and Culture

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