OverviewSuggest Edit

MEDITECH is a company developing electronic health record (EHR) solutions. It offers MEDITECH Expanse, a web-based EHR platform that delivers fiscal responsibility, interoperability, nurse and specialty care, physician efficiency, population health, quality outcomes, and other capabilities. The company also offers implementation, specialty, business and clinical analytics, physician advisory, and interoperability services.
TypePrivate
Founded1969
HQWestwood, MA, US
Websiteehr.meditech.com

Latest Updates

Employees (est.) (Dec 2019)3,531(-4%)
Revenue (FY, 2019)$493.8 M(+2%)
Cybersecurity ratingBMore

Key People/Management at MEDITECH

A. Neil Pappalardo

A. Neil Pappalardo

Chairman & Founder
John Tresling

John Tresling

Executive Chairman, MEDITECH International, Executive Chairman, MEDITECH Holdings
Charlotte Jackson

Charlotte Jackson

Chief Executive Officer, MEDITECH Holdings, Chief Executive Officer, MEDITECH International
Lawrence A. Polimeno

Lawrence A. Polimeno

Vice Chairman
Sushanth Pillai

Sushanth Pillai

Managing Director
Howard Messing

Howard Messing

Vice Chairman
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MEDITECH Office Locations

MEDITECH has offices in Westwood, Atlanta, Canton, Fall River and in 3 other locations
Westwood, MA, US (HQ)
Meditech Cir
Atlanta, GA, US
One Northside 75
Canton, MA, US
7 Blue Hill River Rd
Fall River, MA, US
101 Martine St
Foxborough, MA, US
1 Constitution Way
Minnetonka, MN, US
5130 County Rd 101 #4138
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MEDITECH Financials and Metrics

Summary Metrics

Founding Date

1969
Show all financial metrics

MEDITECH Revenue

MEDITECH's revenue was reported to be $493.84 m in FY, 2019 which is a 1.2% increase from the previous period.
USD

Revenue (Q3, 2020)

114.7m

Net income (Q3, 2020)

30.6m

EBIT (Q3, 2020)

16.2m

Cash (30-Sept-2020)

50.1m
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

480.9m488.2m493.8m

Revenue growth, %

4%2%1%

General and administrative expense

88.4m88.8m96.8m

R&D expense

328.5m334.6m332.6m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

122.4m125.0m119.1m115.4m120.0m121.2m142.8m115.8m114.7m

General and administrative expense

22.6m23.6m21.2m20.2m21.7m26.5m25.7m17.2m15.6m

R&D expense

84.0m83.4m83.7m84.6m83.1m81.9m85.7m82.5m83.0m

Operating expense total

106.6m107.0m104.9m104.8m104.9m108.3m111.4m99.8m98.6m
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

17.4m23.1m15.0m

Accounts Receivable

50.5m36.8m36.6m

Current Assets

386.4m340.6m487.4m

PP&E

214.1m212.2m167.8m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

77.4m56.2m180.2m

Depreciation and Amortization

14.4m14.4m13.3m

Accounts Payable

5.0k473.9k(490.1k)

Cash From Operating Activities

65.3m90.5m46.6m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

2.8m26.9m46.1m36.1m52.5m143.3m(25.7m)7.1m37.8m

Depreciation and Amortization

3.7m7.5m11.1m3.7m7.1m10.4m3.1m6.1m9.0m

Accounts Payable

163.6k35.2k302.1k(340.9k)(326.5k)(143.2k)490.9k415.2k163.5k

Cash From Operating Activities

14.2m37.7m65.8m7.9m30.0m56.3m19.7m54.5m85.9m
USDFY, 2017

Revenue/Employee

130.0k

Financial Leverage

1.2 x
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MEDITECH Operating Metrics

MEDITECH's Backlog was reported to be $181.7m in FY, 2019.
FY, 2016FY, 2017FY, 2018Aug, 2019FY, 2019

Backlog

$158.1 m$174 m$150.7 m$181.7 m

Bookings

$143.7 m$180.5 m$139 m$189 m

Facilities Owned

111098

Trademarks

4
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MEDITECH Revenue Breakdown

Embed Graph

MEDITECH revenue breakdown by business segment: 32.8% from Product and 67.2% from Services

MEDITECH revenue breakdown by geographic segment: 88.0% from United States, 10.0% from Canada and 2.0% from Other

MEDITECH Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

MEDITECH Online and Social Media Presence

Embed Graph

MEDITECH News and Updates

Global Pulse Oximeter Market Outlook to 2026, Featuring Beckton Dickinson, GE Healthcare, Masimo, Meditech, Koninklijke Philips NV and CASMED

Dublin, Aug. 24, 2021 (GLOBE NEWSWIRE) -- The "Global Pulse Oximeter Market Outlook, 2026" report has been added to ResearchAndMarkets.com's offering. The report categorizes the market to forecast the revenues and analyze the trends in each of the following segments: based on product type (Fingert…

Meditech names Michelle O'Connor as its new CEO

She joined the company in 1988 as an implementation programmer before rising through the management ranks.

Hutchison China MediTech Limited Reports 2020 Full Year Results and Provides Business Updates and Evolves Corporate Identity

Company to Host Annual Results Call & Webcast Today at 1 p.m. GMT / 8 a.m. EST / 9 p.m. HKT Company to Host Annual Results Call & Webcast Today at 1 p.m. GMT / 8 a.m. EST / 9 p.m. HKT

Runnymede Healthcare partners with nearby health system on Meditech EHR

Runnymede went from all paper to full automation in eight months, for patient registration and admissions, nursing and physician documentation, computerized physician order entry, and more.

Meditech depression/suicide screening tool helps Coffeyville Regional save lives

Prior to implementation, the medical center was not attesting for the MIPS CMS 2 measure, but after about 10 months had reached an attestation rate of 67%.

Photocure Partners with Asieris MediTech to Commercialize Hexvix in Mainland China and Taiwan

OSLO, Norway, Jan. 26, 2021 /PRNewswire/ -- Photocure ASA (PHO:OSE): The Bladder Cancer Company focused on delivering transformative solutions to improve the lives of bladder cancer patients, announces that it has entered into a partnership agreement with Asieris MediTech Co., Ltd....
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MEDITECH Blogs

Healthcare Scene's Colin Hung shares his outlook for the future of healthcare [Podcast]

Recently I had the pleasure of talking with one of healthcare IT’s “true believers” as well as a prolific industry thought leader. Colin Hung, CMO and Editor of Healthcare Scene as well as co-host (with John Lynn) of the Healthcare IT Today podcast joins me for the latest episode of MEDI…

How a modern EHR will help The Aga Khan University Hospitals improve care throughout the developing world

Making quality healthcare accessible to everyone is a challenge and a priority in every country. It can be particularly difficult to meet the needs of underserved populations who live in remote areas.

5 ways Expanse addresses the next big challenges in healthcare

As medical professionals continue to face unprecedented challenges in their day-to-day work, MEDITECH remains committed to supporting them as we all adapt to the changing healthcare landscape.

Why identity governance and administration matters in healthcare

With the continued threats from inside and outside their organizations, healthcare professionals have realized the need for robust identity governance and administration (IGA) policies. 

Through the pandemic and beyond, more hospitals are choosing MaaS

CorporateExpanse UpdatesPress ReleasesSolutions Building on the impressive growth MEDITECH experienced amid the challenges of 2020, the company’s momentum in the healthcare industry continues this year, particularly with its MEDITECH as a Service (MaaS) subscription model. By bundling Expanse…

5 reasons to listen to MEDITECH podcasts

Podcasts continue to grow in popularity across many industries — and healthcare is no exception. MEDITECH recently launched our own podcast series, focused on the intersection of technology and medicine and featuring unique perspectives from today’s thought leaders in healthcare. Here a…
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MEDITECH Frequently Asked Questions

  • When was MEDITECH founded?

    MEDITECH was founded in 1969.

  • Who are MEDITECH key executives?

    MEDITECH's key executives are A. Neil Pappalardo, John Tresling and Charlotte Jackson.

  • How many employees does MEDITECH have?

    MEDITECH has 3,531 employees.

  • What is MEDITECH revenue?

    Latest MEDITECH annual revenue is $493.8 m.

  • What is MEDITECH revenue per employee?

    Latest MEDITECH revenue per employee is $139.9 k.

  • Who are MEDITECH competitors?

    Competitors of MEDITECH include CentralReach, Soft Computer Consultants and Epic Systems.

  • Where is MEDITECH headquarters?

    MEDITECH headquarters is located at Meditech Cir, Westwood.

  • Where are MEDITECH offices?

    MEDITECH has offices in Westwood, Atlanta, Canton, Fall River and in 3 other locations.

  • How many offices does MEDITECH have?

    MEDITECH has 8 offices.