OverviewSuggest Edit

Change Healthcare provides software and analytics, connectivity, communication, payment, consumer engagement, and workflow optimization solutions for payers, providers, pharmacies, and consumers. It offers Intelligent Healthcare Network, a financial and administrative network system for the healthcare industry, as well as and healthcare cost transparency and consumer engagement solutions for health plans, employers, and strategic partners. The company also provides revenue performance, network solutions, coverage discovery solutions, and consulting solutions for providers; quality, payment integrity, engagement, payment, risk adjustment, network, and consulting solutions for payers; and specialty processing and network solutions for pharmacies. Change Healthcare is a joint venture operated by McKesson Corporation and Change Healthcare.

TypePublic
Founded1986
HQNashville, TN, US
Websitechangehealthcare.com
Employee Ratings3.4
Overall CultureD+

Recent NewsAll News

Latest Updates

Employees (est.) (Mar 2020)15,000(+8%)
Job Openings772
Revenue (FY, 2021)$3.1 B(+1471%)
Share Price (Jun 2021)$23.4
Cybersecurity ratingCMore

Key People/Management at Change Healthcare

Fredrik Eliasson

Fredrik Eliasson

EVP & Chief Financial Officer
Neil De Crescenzo

Neil De Crescenzo

President and Chief Executive Officer
August Calhoun

August Calhoun

EVP & President, Sales and Operations
Loretta Cecil

Loretta Cecil

EVP, General Counsel
Kris Joshi

Kris Joshi

EVP & President, Network Solutions
Thomas McEnery

Thomas McEnery

EVP, Corporate Affairs and CMO
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Change Healthcare Office Locations

Change Healthcare has offices in Nashville, Alpharetta, Boston, Chicago and in 7 other locations
Nashville, TN, US (HQ)
3055 Lebanon Pike
Alpharetta, GA, US
5995 Windward Pkwy 5th floor
Boston, MA, US
Boston, MA, USA
Chicago, IL, US
Chicago, IL, USA
Minneapolis, MN, US
Minneapolis, MN, USA
Nashville, TN, US
100 Airpark Center E
Show all (12)

Change Healthcare Financials and Metrics

Change Healthcare Revenue

Change Healthcare's revenue was reported to be $3.09 b in FY, 2021
USD

Revenue (FY, 2021)

3.1b

Net income (FY, 2021)

(112.2m)

EBIT (FY, 2021)

100.1m

Market capitalization (11-Jun-2021)

7.3b

Closing stock price (11-Jun-2021)

23.4

Cash (31-Mar-2021)

113.1m

EV

12.0b
Change Healthcare's current market capitalization is $7.3 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

3.3b3.3b196.8m3.1b

Revenue growth, %

(1%)

Cost of goods sold

1.4b1.4b

Gross profit

1.9b1.9b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

694.2m755.9m785.1m

General and administrative expense

251.0k1.1m1.1m165.5m171.6m162.0m

R&D expense

55.7m54.1m58.3m

Operating expense total

251.0k49.5m1.1m221.2m225.7m220.3m
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

48.9m47.7m410.4m113.1m

Accounts Receivable

705.5m759.5m740.1m732.6m

Prepaid Expenses

117.5m140.3m

Current Assets

901.7m980.5m1.4b1.1b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

3.4m3.4m3.4m178.4m167.5m137.4m

Accounts Receivable

627.3m627.0m697.9m

Prepaid Expenses

2.3m1.5m129.3m126.0m127.4m

Current Assets

5.6m23.8m25.3m1.1b1.1b1.1b
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

192.4m176.7m(947.6m)(112.2m)

Depreciation and Amortization

278.4m278.0m30.8m591.0m

Accounts Payable

(9.1m)(2.1m)7.5m(21.4m)

Cash From Operating Activities

324.8m287.7m(153.9m)586.2m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

(37.5m)(131.5m)(80.7m)(58.7m)(101.3m)(99.1m)

Depreciation and Amortization

138.5m285.4m436.6m

Accounts Payable

277.0k83.0k(19.2m)(28.7m)(15.8m)

Cash From Operating Activities

169.1m296.6m487.2m
USDFY, 2018

Revenue/Employee

944.0k

Debt/Equity

-5.5 x

Debt/Assets

0.9 x

Financial Leverage

-5.8 x
Show all financial metrics

Change Healthcare Operating Metrics

FY, 2019

Claims Processed

$1 t

Hospitals Engaged

5.5 k

Pharmacies Served

33 k

Transactions

14 b
Show all operating metrics

Change Healthcare Acquisitions / Subsidiaries

Company NameDateDeal Size
Prometheus AnalyticsAugust 31, 2020
eRx Network LLCMay 04, 2020$212.9 m
EmdeonNovember 19, 2014$185 m
AHMS Cooperatief U.A.
Change Encircle
Change Healthcare Advocates
Change Healthcare Australia Pty Limited
Change Healthcare Business Fulfillment
Change Healthcare Canada Company
Change Healthcare Communications
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Change Healthcare Revenue Breakdown

Embed Graph

Change Healthcare revenue breakdown by business segment: 7.3% from Postage revenue and 92.7% from Solutions revenue

Change Healthcare Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Change Healthcare Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Change Healthcare Online and Social Media Presence

Embed Graph

Change Healthcare Company Culture

  • Overall Culture

    D+

    60/100

  • CEO Rating

    C-

    64/100

  • Compensation

    D-

    48/100

  • Diversity

    D+

    58/100

Learn more on Comparably

Change Healthcare News and Updates

DOJ Extends Review of UnitedHealth, Change Healthcare Deal

DOJ Seeks Further Review of UnitedHealth, Change Healthcare Deal

How Data And AI Will Continue To Change Healthcare In 2021

The growth of data, artificial intelligence (AI) and machine learning (ML) has had a particularly strong impact on healthcare.

SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Change Healthcare Inc. Buyout

WILMINGTON, Del., Jan. 06, 2021 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A. announces that it is investigating Change Healthcare Inc. (“Change Healthcare”) (NASDAQ GS: CHNG) regarding possible breaches of fiduciary duties and other violations of law related to Change Healthcare’s agreement to …

Optum to acquire Change Healthcare in $13B deal

The companies pointed to the potential to reduce administrative waste, inform patient care decisions and improve payment systems across the industry.

UnitedHealth unit Opum to acquire Change Healthcare for $25.75 a share in cash, sending stock up 37% premarket

UnitedHealth Group Inc. unit Optum has agreed to acquire health care technology company Change Healthcare for $25.75 a share in cash, the companies said in a joint statement Wednesday. Change Healthcare has 317.3 million shares outstanding, according to FactSet, giving the deal a value of about $…

Change Healthcare shares surge as UnitedHealth agrees to buy it

Change Healthcare shares surge as UnitedHealth agrees to buy it
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Change Healthcare Blogs

Streamlining Attachments: The Future of Payer-Provider Data Exchange

By Mike Perisi, Sajid Khan, and Adam Sullivan The ability for payers and providers to effectively exchange relevant and timely information is a key component in reliable and cost-effective healthcare delivery. Currently, this is a largely paper-driven process with the two parties using tools like fa…

Deconstructing the Patient Journey: The Post-Visit

Understanding the patient journey means setting aside the preconceived notion that the patient is traveling along a healthcare path alone. A successful patient journey also involves payers and providers that are pursuing their own clinical and financial journeys, which interact and interweave with t…

Building a Culture of Revenue Integrity

By Elaine Dunn and Vindali Vartak  If you ask 10 revenue cycle leaders what the primary focus of revenue integrity efforts should be, you might get 10 different answers. Some will bring up denials prevention, while others will zero in on denials resolution. Still others will point to proper document…

Deconstructing the Patient Journey: The Visit

Every patient embarks on a journey when they receive healthcare. However, they are not on this journey alone. The experience is shaped, informed, and driven by multiple other journeys that providers and payers pursue alongside the patient. All these pathways are interrelated and can positively or ne…

Strategies for Fine Tuning Revenue Integrity

By Elaine Dunn and Vindali Vartak There’s a lot of talk about healthcare organizations needing to improve revenue integrity to ensure compliance and realize strong financial performance amid changing payment models. But what is revenue integrity exactly, and how can organizations go about enhancing…

Deconstructing the Patient Journey

Phase 1: The Pre-Visit The healthcare experience is often described as a journey. And while it is one on which the patient travels, an individual is not alone on the path. Providers and payers support and advance patients along their journeys, removing barriers, offering services, and providing cla…
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Change Healthcare Frequently Asked Questions

  • When was Change Healthcare founded?

    Change Healthcare was founded in 1986.

  • Who are Change Healthcare key executives?

    Change Healthcare's key executives are Fredrik Eliasson, Neil De Crescenzo and August Calhoun.

  • How many employees does Change Healthcare have?

    Change Healthcare has 15,000 employees.

  • What is Change Healthcare revenue?

    Latest Change Healthcare annual revenue is $3.1 b.

  • What is Change Healthcare revenue per employee?

    Latest Change Healthcare revenue per employee is $206 k.

  • Who are Change Healthcare competitors?

    Competitors of Change Healthcare include Experian, Health Catalyst and Optum.

  • Where is Change Healthcare headquarters?

    Change Healthcare headquarters is located at 3055 Lebanon Pike, Nashville.

  • Where are Change Healthcare offices?

    Change Healthcare has offices in Nashville, Alpharetta, Boston, Chicago and in 7 other locations.

  • How many offices does Change Healthcare have?

    Change Healthcare has 12 offices.