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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, US
Websitechangehealthcare.com
Employee Ratings2.7
Culture scoreC-

Latest Updates

Employees (est.) (Dec 2018)14,000
Job Openings1,094
Revenue (FY, 2019)$3.3 B
Share Price (May 2020)$12.5

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 Nashville, Alpharetta, Boston, Chicago and in 9 other locations
Nashville, US (HQ)
3055 Lebanon Pike
Alpharetta, US
5995 Windward Pkwy 5th floor
Boston, US
Boston, MA, USA
Chicago, US
Chicago, IL, USA
Minneapolis, US
Minneapolis, MN, USA
Philadelphia, US
Philadelphia, PA, USA
Show all (14)

Change Healthcare Financials and Metrics

Change Healthcare Revenue

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Change Healthcare's revenue was reported to be $3.28 b in FY, 2019 which is a 0.5% decrease from the previous period.
USD

Net income (Q3, 2020)

50.7m

EBIT (Q3, 2020)

76.0k

Market capitalization (29-May-2020)

3.8b

Closing stock price (29-May-2020)

12.5

Cash (31-Dec-2019)

3.4m

EV

3.8b
Change Healthcare's current market capitalization is $3.8 b.
Annual
USDFY, 2018FY, 2019

Revenue

3.3b3.3b

Revenue growth, %

(1%)

Cost of goods sold

1.4b1.4b

Gross profit

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

General and administrative expense

251.0k1.1m1.1m

Operating expense total

251.0k49.5m1.1m

EBIT

(251.0k)(49.5m)76.0k

Interest expense

644.0k602.0k
Annual
USDFY, 2018FY, 2019

Cash

48.9m47.7m

Accounts Receivable

705.5m759.5m

Current Assets

901.7m980.5m

PP&E

167.5m197.3m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020

Cash

3.4m3.4m3.4m

Prepaid Expenses

2.3m1.5m

Current Assets

5.6m23.8m25.3m

Total Assets

1.3b2.1b2.2b
Annual
USDFY, 2018FY, 2019

Net Income

192.4m176.7m

Depreciation and Amortization

278.4m278.0m

Accounts Payable

(9.1m)(2.1m)

Cash From Operating Activities

324.8m287.7m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020

Net Income

(37.5m)(131.5m)(80.7m)

Accounts Payable

277.0k83.0k

Cash From Investing Activities

(885.1m)(882.3m)

Long-term Borrowings

(3.6m)(7.3m)
USDY, 2019

EV/EBIT

50.3 k x

Financial Leverage

1.1 x
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Change Healthcare Operating Metrics

FY, 2019

Claims Processed

$1 t

Hospitals Engaged

5.50 k

Pharmacies Served

33 k

Transactions

14 b
Show all operating metrics

Change Healthcare Acquisitions / Subsidiaries

Company NameDateDeal Size
eRx Network LLCMay 04, 2020$212.90 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
Change Healthcare Correspondence Services
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Change Healthcare Revenue Breakdown

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

Change Healthcare Online and Social Media Presence

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Change Healthcare Company Culture

  • Overall Culture

    C-

    62/100

  • CEO Rating

    B-

    69/100

  • Compensation

    D

    52/100

  • Diversity

    C-

    61/100

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Change Healthcare News and Updates

How The Current Health Crisis Might Change Healthcare

We've seen technology creeping into the doctor-patient relationship for some time.

Change Healthcare gives away APIs to help health plans comply with CMS rules

The tools could help payers manage the demands of standards-based interoperability challenges, and also offer security, identity management and consent management.

Telehealth In Response To Pandemic May Change Healthcare Forever

Systemic changes affect how medical care is provided in the future. Some businesses are ready to meet the challenge.

From Malaria To Sickle Cell Disease: How Gene Editing Technology May Change Healthcare

Gene editing technology may significantly impact public health and clinical medicine.

At HIMSS20, Change Healthcare prioritizing APIs to bridge payer, provider workflows

AI and blockchain also continue to feature in its new technologies, as the revenue cycle and data exchange company works to help modernize the claims process and digitize more transactions.

RSNA: New imaging, informatics products from Change Healthcare, Google, IBM, others

A look at some of the new AI, analytics and cloud IT innovations being showcased at the Radiological Society of North America's annual meeting in Chicago.
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Change Healthcare Blogs

Deconstructing the Patient Journey: 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 clarity. To be effective in…

Growing Reimbursement: The Next Frontier

Healthcare organizations have been trying to effectively capture reimbursement since they began submitting claims for payment. What reimbursement looks like and where it comes from has changed over the years, but the drivers behind the work have stayed the same. Organizations want to receive the app…

Five Strategies for Better Patient Access and Financial Engagement

With the rise of healthcare consumerism, people are looking to hospitals, health systems, and physician practices to deliver the same user-friendly, digital experiences they receive from other industries. More specifically, people want to easily make appointments, understand what their financial out…

The 2020 Industry Pulse Report: Key Insights

http://traffic.libsyn.com/changehealthcare/Pulse_2020-01-D.mp3 For the past 10 years, Change Healthcare and the HealthCare Executive Group (HCEG) have commissioned the Industry Pulse Research Report, an annual effort to “take the pulse” of the healthcare industry. The insights gleaned from this year…

One App to Manage All Your Medical Bills, and the APIs that Power It

http://traffic.libsyn.com/changehealthcare/RexPay_2020-02-A.mp3 Healthcare consumers are frustrated by the mix of medical bills they receive from multiple providers. Rachel Mertensmeyer started RexPay® to help consumers understand, manage, and pay all those medical bills in one place, through a simp…

Your PAMA Questions Answered

http://traffic.libsyn.com/changehealthcare/PAMA_2020-02-A.mp3 The Protecting Access to Medicare Act (PAMA) becomes mandatory in 2020. It promotes evidence-based medicine by requiring consultation of appropriate use criteria (AUC) when ordering Medicare part B advanced imaging, and evidence of such c…
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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 14,000 employees.

  • What is Change Healthcare revenue?

    Latest Change Healthcare annual revenue is $3.3 b.

  • What is Change Healthcare revenue per employee?

    Latest Change Healthcare revenue per employee is $234.4 k.

  • Who are Change Healthcare competitors?

    Competitors of Change Healthcare include Experian, Evolent Health 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 Nashville, Alpharetta, Boston, Chicago and in 9 other locations.

  • How many offices does Change Healthcare have?

    Change Healthcare has 14 offices.