ATHN - athenahealth, Inc.

​

athenahealth, Inc., together with its subsidiaries, provides cloud-based services and mobile applications for medical groups and health systems. The company provides services through athenaNet, a cloud-based platform. Its services include athenaCollector, a cloud-based revenue cycle management and practice management service; athenaClinicals for electronic health record management; athenaCommunicator, a cloud-based patient engagement and communication service; athenaCoordinator for order transmission; and athenaCoordinator Enterprise for care coordination, patient access, and order transmission service. The company also provides athenaCommunicator Enterprise, a cloud-based population health management service to execute, track, and coordinate care across a provider's network; and Epocrates service that include clinical information and decision support services in the areas of drug and disease information, medical calculator and tools, clinical guidelines, clinical messaging, market research, and formulary hosting. In addition, it offers client support, account performance monitoring, relationship management, and real-time performance monitoring services. The company serves clients in the health care industry that include pharmaceutical companies, managed care companies, market research firms, and others through its direct sales force and channel partners in the United States and internationally. The company was formerly known as athenahealth.com, Inc. and changed its name to athenahealth, Inc. in November 2000. athenahealth, Inc. was founded in 1997 and is headquartered in Watertown, Massachusetts.

 

athenahealth (ATHN): Beats on Q3 Earnings, Inks Partnership
athenahealth ATHN reported adjusted earnings of 35 cents per share, much better than 11 cents recorded in the year-ago quarter. Earnings also crushed the Zacks Consensus Estimate by a notable 14 cents, courtesy of a year-over-year rise in revenues.

Meanwhile, athenahealth announced a strategic partnership with Tandigm Health. Notably, Tandigm has selected athenhealth’s Population Health platform for its primary care physician base of 440.

The Watertown-Massachusetts based maker of billing and medical practice management software posted revenues of $276.6 million, which missed the Zacks Consensus Estimate of $280 million but increased 16.6% on a year-over-year basis.

Notably, shares dropped approximately 2% to $119.45 following the earnings release. A glimpse at the share price trend reveals lackluster market sentiments as athenhealth represents a negative one-year return of almost 6.8% which compares unfavorably with the S&P 500’s 4.3% over the same time frame.