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

Jonathan Bush

Jonathan Bush

Chief Executive Officer, President and Chairman of the Board of Directors
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 (20-Apr-2018)

5.9 b

Cash (31-Dec-2017)

165.1 m

EV

5.8 b
athenahealth's current market capitalization is $5.9 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, 2017

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 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, 2017

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
USDY, 2017

Financial Leverage

1.7 x
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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 News and Updates

Athenahealth CEO Jonathan Bush is in a deconstruction state of mind

A major overhaul of the company's structure, with new standalone micro-services leading to more products than are currently available, just might result in "marvelous change," he says.

Clinical Decision Support Systems Market- Industry Trend Analysis, Demand and Forecast 2020

The global clinical decision support systems market is expected to register a significant growth over a forecast period. Posted via Industry Today. Follow us on Twitter @IndustryToday

Athenahealth CEO Jonathan Bush shares his evolving dream of innovation

From bad software to better cloud services to a platform that fosters an ecosystem of internal and external innovation, the EHR executive explains what’s next.

Athenahealth to show new tech to ease burden on doctors at HIMSS18

CEO Jonathan Bush said the goal is to remove the grunt work doctors neither want nor are schooled to perform.

Athenahealth names Jeff Immelt chairman of the board

Athenahealth appointed former GE CEO Jeff Immelt as chairman of its board of directors. Immelt’s appointment is part of a series of strategic initiatives athenahealth started in 2017 to create a more focused and efficient company, drive increased levels of profitable growth, and enhance shareholder …

Athenahealth revenue jumps 13%, beats expectations

Just three months after it revised its expectations for 2017 earnings and announced big layoffs,  the company signed new clients in Q4 and kept a lid on expenses.
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