Change Healthcare provides software and analytics, connectivity, communication, payment, consumer engagement, and workflow optimization solutions for payers, providers, pharmacies, and consumers in the United States. It offers Intelligent Healthcare Network, a financial and administrative network system for healthcare industry; 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.

Employee Rating

2.9More
TypePrivate
HQNashville, US
Founded1986
Size (employees)12,044 (est)
Websitechangehealthcare.com
Change Healthcare was founded in 1986 and is headquartered in Nashville, US
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Key People/Management at Change Healthcare

Neil De Crescenzo

Neil De Crescenzo

President, CEO
Nick Giannasi

Nick Giannasi

Chief AI Officer
Linda Whitley-Taylor

Linda Whitley-Taylor

Chief People Officer, EVP
Rod O'Reilly

Rod O'Reilly

EVP, President, Software and Analytics
Thomas McEnery

Thomas McEnery

Chief Marketing Officer, EVP
Thomas Laur

Thomas Laur

EVP, President, Technology Enabled Services
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Change Healthcare Office Locations

Change Healthcare has offices in San Francisco, Atlanta, Chicago, Vancouver and in 6 other locations
Nashville, US (HQ)
3055 Lebanon Pike
Richmond, CA
100 10200 Shellbridge Way
Richmond, CA
10711 Cambie Rd
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Change Healthcare Financials and Metrics

Summary Metrics

Founding Date

1986

Change Healthcare total Funding

$48 m

Change Healthcare latest funding size

$5 m

Time since last funding

4 years ago

Change Healthcare investors

Change Healthcare's latest funding round in July 2014 was reported to be $5 m. In total, Change Healthcare has raised $48 m
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Change Healthcare Revenue

Change Healthcare's revenue was reported to be $1.48 b in FY, 2015
USD

Revenue (Q3, 2016)

381.5m

Gross profit (Q3, 2016)

242.8m

Gross profit margin (Q3, 2016), %

63.6%

Net income (Q3, 2016)

2.5m

EBIT (Q3, 2016)

15.3m

Cash (30-Sep-2016)

92.4m
Annual
USDFY, 2015

Revenue

1.5b

Cost of goods sold

507.4m

Gross profit

969.7m

Gross profit Margin, %

66%
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

323.9m319.2m336.2m341.6m354.8m377.8m394.2m400.9m381.5m

Cost of goods sold

197.4m194.1m201.4m202.3m121.3m129.4m146.5m144.4m138.7m

Gross profit

126.5m125.1m134.8m139.3m233.5m248.4m247.7m256.5m242.8m

Gross profit Margin, %

39%39%40%41%66%66%63%64%64%
Annual
USDFY, 2013FY, 2015

Cash

76.5m66.7m

Current Assets

324.1m382.9m

PP&E

269.5m244.1m

Goodwill

1.5b2.2b
Annual
USDFY, 2013FY, 2015

Net Income

(74.5m)(96.1m)

Depreciation and Amortization

183.8m342.3m

Accounts Payable

1.3m11.4m

Cash From Operating Activities

150.4m166.8m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016

Net Income

(58.0m)(3.0m)(62.5m)(75.5m)2.2m(30.7m)(15.5m)

Depreciation and Amortization

137.9m46.5m93.1m141.5m97.6m183.4m61.1m

Accounts Payable

685.0k(984.0k)1.2m644.0k6.3m10.5m2.7m

Cash From Operating Activities

110.0m26.7m33.8m108.4m123.6m152.3m12.2m
USDY, 2016

Revenue/Employee

243.3k

Financial Leverage

4.7 x
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Change Healthcare Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
EmdeonNovember 19, 2014$185 m
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Change Healthcare Online and Social Media Presence

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Change Healthcare News and Updates

Change Healthcare and TIBCO to Bring Blockchain-Powered Smart Contracts to Healthcare

NASHVILLE, Tenn., Nov. 5, 2018 /PRNewswire/ -- Change Healthcare and TIBCO Software today announced a collaboration to build the first smart contract system for healthcare, using the Change Healthcare Intelligent Healthcare Network™ blockchain technology and TIBCO's smart contract...

Change Healthcare, ACO Partner, and Blue Cross Blue Shield of Arizona Announce Full-Year Results for Shared Savings Program

NASHVILLE, Tenn., Oct. 30, 2018 /PRNewswire/ -- Change Healthcare and ACO Partner™ today announced results for the first complete plan year of its novel shared savings program with Blue Cross Blue Shield of Arizona (BCBSAZ). Participating providers reported a 26.3% lower 30-day...

CarePort teams with Change Healthcare to boost clinical decision support

CarePort customers can now receive automated medical reviews sent straight to their Care Management workflow, thereby reducing administrative burden.

McKesson's Change Healthcare hires IPO underwriters -sources

Change Healthcare LLC, a healthcare technology company majority-owned by U.S. drug wholesaler McKesson Corp, has hired underwriters for an initial public offering that could value it at as much as $12 billion, including debt, people familiar with the matter said on Wednesday.

Hyland Healthcare Collaborates with Change Healthcare to Speed and Simplify Claim Attachments for Providers and Payers

CLEVELAND, Sept. 12, 2018 /PRNewswire/ -- Hyland Healthcare and Change Healthcare today announced a new channel partnership through which the companies will offer fully integrated medical claims attachment technology. Now, instead of spending days using fax, portals or postal mail,...

Change Healthcare Fuses Artificial and Human Intelligence for Medicare Advantage Dual Eligibility and Enrollment

NASHVILLE, Tenn., Aug. 6, 2018 /PRNewswire/ -- Today Change Healthcare unveiled Dual Enrollment Advocate™, the first solution to blend artificial intelligence and behavioral science to help solve the challenge of Medicare Advantage (MA) dual-eligibility identification and enrollment. This ...
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Change Healthcare Blogs

Three Simple Ways to Leverage Technology to Reduce Denied Claims and Improve Practice Efficiencies

Most physician practices would agree that denied claims are a drain on resources and have a negative impact on cash flow and revenue. What practices may not realize is just how significant that impact can be. Nearly 90% of denied claims are avoidable and 50% to 65% are never reworked, which leaves a…

Case Study: How Intelligent Radiology Workflows Transform Private Radiology Practices

Radiologists across the healthcare industry are increasingly charged to do more with less. Private radiology practices feel the squeeze more than others, with narrower margins and less economy of scale. It’s crucial that these practices operate at maximum efficiency. Roper Radiologists PA is a priva…

Explore VNA Solutions with this Dynamic Comparison Chart

Health systems are moving to vendor neutral archives (VNAs) for a number of reasons. They make it easier to share data between departments and across organizations. When paired with enterprise viewing software, a VNA can enable collaboration, giving each provider access to the patient’s entire medic…

Six Ways to Improve Physician-Hospital Alignment

Finding ways to strengthen physician-hospital alignment has never been more important as imaging services become increasingly commoditized and competition more intense. Radiology groups that remain complacent about ties with their hospital partners run the risk of being replaced. That’s why it is vi…

Why Embracing Transparency is the Secret to Transformation in Enterprise Imaging

Healthcare transformation is at the top of the agenda for all industry stakeholders. But the magnitude of this change varies from stakeholder to stakeholder. For many radiologists, radiology practices and radiology departments, transformation means a complete overhaul of how they’ve done things in t…

Breast Density: Research for Radiologists

The sensitivity of traditional mammography is diminished in patients with dense breast tissue, because this tissue masks tumors. In fact, Imaging Technology News reports mammograms may miss more than 50% of cancers in dense breasts. This is particularly concerning because 50% of the population has d…
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Change Healthcare Company Life and Culture

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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 Neil De Crescenzo, Nick Giannasi and Linda Whitley-Taylor.

  • How many employees does Change Healthcare have?

    Change Healthcare has 12,044 employees.

  • What is Change Healthcare revenue?

    Latest Change Healthcare annual revenue is $1.5 b.

  • What is Change Healthcare revenue per employee?

    Latest Change Healthcare revenue per employee is $122.6 k.

  • Who are Change Healthcare competitors?

    Competitors of Change Healthcare include Ingenious Med, ZirMed and Health Catalyst.

  • 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 San Francisco, Atlanta, Chicago, Vancouver and in 6 other locations.

  • How many offices does Change Healthcare have?

    Change Healthcare has 11 offices.