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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 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.

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TypePrivate
Founded1986
HQNashville, US
Websitechangehealthcare.com
Employee Ratings2.8

Latest Updates

Employees (est.) (Feb 2019)12,287
Job Openings2,987
Revenue (FY, 2015)$1.5 B

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, Minneapolis, Philadelphia, Chicago 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

5 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 announces AI for claims management at HIMSS19

The new Claims Lifecycle Artificial Intelligence works with its Intelligent Healthcare Network to improve the revenue cycle, company says.

Change Healthcare unveils free data interoperability on Amazon Web Services

Offerings include record locator service, identity management and document retrieval, the company says.

Change Healthcare to focus on AI, blockchain, patient experience at HIMSS19

The company will be demonstrating its new patient experience tool built in collaboration with Adobe and Microsoft in a partnership revealed last year.

Experian, Change Healthcare collaborating on new identity management platform

The tool will combine Experian's patient ID management technology with Change's nationwide Intelligent Healthcare Network.

E-Prescribing Market By Top Leading Players : Practice Fusion, Inc., Surescripts, NewCrop, LLC, Change Healthcare, General Electric Company, athenahealth, Inc., Henry Schein, Daw Systems, Inc

The "Global E-Prescribing Market Analysis to 2025" is a specialized and in-depth study of the E-Prescribing industry with a focus on the global market trend. The report aims to provide an overview of global E-Prescribing market with detailed market segmentation by component, delivery mode, end user,…

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...
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Change Healthcare Blogs

Change Healthcare Unveils Claims Lifecycle Artificial Intelligence

Change Healthcare introduced Claims Lifecycle Artificial Intelligence, a new capability being integrated into the company’s Intelligent Healthcare Network and financial solutions, to help providers and payers optimize the entire claims processing lifecycle. Read the news release The post Change Heal…

Change Healthcare to Provide Free Healthcare Data Interoperability Services for all Americans on Amazon Web Services

Change Healthcare today announced free clinical data interoperability services for the healthcare industry. The initiative accelerates progress on the country’s interoperability goals by offering the industry’s widest array of data exchange services while removing cost barriers. Read the press relea…

Change Healthcare Introduces Payment Blockchain Proof-of-Concept at HIMSS ’19

LISTEN NOW Blockchain offers significant potential for transforming healthcare processes, but few concepts have moved from just a vision to a stage where true benefits can be realized. That’s about to change. At HIMSS, Change Healthcare will be introducing a new Payment Blockchain proof-of-concept (…

“CPR” for Healthcare: Catalyst for Payment Reform Breathes New Life into Alternative Payment Models

LISTEN NOW It’s no secret that healthcare costs are out of control for consumers. But what can get lost in the shuffle is how these costs affect employers, who want their employees to be covered with better healthcare. Some could argue that healthcare cost-containment is one of the most important pi…

CIO Digest: Improving Medical Imaging Workflow and Collaboration

Value-based care, which ties quality and other metrics to reimbursement, is reshaping healthcare. For radiology departments, the challenge is complicated by the inherent limits of imaging technologies. PACS was created to increase volume—not manage other metrics. Radiology needs new IT solutions for…

Real-time Analytics Solution Helps VCU Health Provide Timely and Efficient Care

Radiology departments generate a wealth of data, but often lack the business intelligence tools they need to access and use that data. Medical imaging analytics can help radiologists make informed decisions in real time. At VCU Health in Richmond, Va., the radiology department aims to provide timely…
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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 12,287 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 $120.2 k.

  • Who are Change Healthcare competitors?

    Competitors of Change Healthcare include Ingenious Med, 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, Minneapolis, Philadelphia, Chicago and in 6 other locations.

  • How many offices does Change Healthcare have?

    Change Healthcare has 11 offices.