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
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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 (16-Aug-2018)

6.1 b

Closing stock price (16-Aug-2018)

150.5
athenahealth's current market capitalization is $6.1 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, 2018Q2, 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, 2018Q2, 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 m148 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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Human Capital Metrics

Source: github.com
Embed Graph
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athenahealth Online and Social Media Presence

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athenahealth News and Updates

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.

Patient matching will lead to interoperability, Pew says

In a letter to CMS, Pew says patient matching unlocks critical information, but identification is often elusive and better standards are needed.

Next-gen clinical communication: Real-time location, context-aware and mobile

Here are the features and functionality clinical communication tool vendors think will emerge next.

Poll results: Readers say athenahealth should not sell to activist investors

We asked for your thoughts on athenahealth’s next steps now that Jonathan Bush stepped down as CEO, and the resounding majority said athenahealth should not sell to Elliott Management.
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athenahealth Company Life and Culture

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