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athenahealth, Inc.
Type Public (NASDAQ: ATHN)
Founded 1997
Headquarters Watertown, MA, USA
Key people Jonathan S. Bush, CEO, President and Chairman
Carl B. Byers, CFO, Senior Vice President and Treasurer
Industry Healthcare Technology
Products Healthcare Billing and Records
Revenue US$100.8 million (2007)
Employees 648 (2008)
Website athenahealth.com

athenahealth, Inc., (NASDAQ: ATHN) is a publicly traded American company that provides web-based practice management, electronic medical records (EMR), and medical billing services to healthcare practices. It is headquartered in Watertown, Massachusetts, with operational sites in Belfast, Maine, Rome, Georgia, and Chennai, India.[1]

Contents

History

In 1997, athenahealth co-founders Jonathan Bush and Todd Park started a women's health and birthing practice in San Diego, California, called Athena Healthcare. Unprepared for how difficult it would be to get reimbursed by insurance companies, they soon faced serious cash flow problems.[2] After searching unsuccessfully for an existing EMR and practice management solution to meet their needs, they decided to form athenahealth, Inc. in order to create their own product. Enlisting the help of Todd's brother, software developer Ed Park, they began to develop an EMR and financial revenue cycle system with a "rules engine" of dynamic billing rules data.[3]

In 2000, athenahealth introduced athenaCollector, their physician billing and practice management service. In 2006, it launched athenaClinicals, touted as the "first economically sustainable, service-based" electronic medical records (EMR) system.[4] And in August 2008, it announced the acquisition of MedicalMessaging.net.[5]

athenahealth also entered the area of healthcare reform in 2006, working with Physician's Practice Journal to provide an industry report card for the major insurance companies in the United States.[6] The annual PayerView reports cull billing statistics from athenahealth's rules engine to deliver performance analysis and insurance company rankings based on payment times, denial rates, transparency, and other metrics.

After years of rapid growth, athenahealth, Inc. announced an initial public offering of its common stock on June 22, 2007.[7], [8] The offering was completed on September 20, 2007, at an offering price of $18 per share. It now trades on the NASDAQ exchange under the symbol ATHN.

Products

  • athenaCollector
    Physician billing and practice management service combining award-winning software, proprietary claims knowledge, and business services.
  • athenaClinicals
    Integrated electronic medical records (EMR) service, combining software with clinical and payer intelligence.

Key People[9]

  • Jonathan Bush, Chairman and CEO
  • Carl B. Byers, Senior Vice President, CFO and Treasurer
  • Daniel H. Orenstein, Vice President, General Counsel and Secretary
  • Robert M. Hueber, Senior Vice President, Sales
  • Nancy G. Brown, Senior Vice President, Business Development and Government Relations
  • Leslie Locke, Senior Vice President of People and Process
  • Rob Cosinuke, Senior Vice President and CMO

See also

External links

References

  1. ^ "athenahealth, Inc. Factsheet". athenahealth, Inc.. http://www.athenahealth.com/about-us/fact-sheet.php. Retrieved 2008-10-07.  
  2. ^ "Fights Over Health Claims Spawn a New Arms Race - Insurers and Doctors Try for Upper Hand; Firms Help Both Sides". Wall Street Journal. http://s.wsj.net/public/article/SB117141549626107896-search.html?KEYWORDS=athenahealth+Fights+Over+Health+Claims+Spawn+a+New+Arms+Race+-+Insurers+and+Doctors+Try+for+Upper+Hand+Firms+Help+Both+Sides+&COLLECTION=wsjie/6month. Retrieved 2007-02-14.  
  3. ^ "The Bush Health-Care Solution". Fast Company. http://www.fastcompany.com/magazine/96/health-care.html. Retrieved 2005-07-01.  
  4. ^ "athenahealth Introduces Healthcare Industry's First Economically Sustainable, Service-Based EMR Offering for Medical Practices". Business Wire. http://findarticles.com/p/articles/mi_m0EIN/is_2006_July_25/ai_n26934679. Retrieved 2006-07-25.  
  5. ^ "athenahealth to Acquire MedicalMessaging.net Assets, Gaining New Patient Communications Service Capabilities". Forbes. http://www.forbes.com/businesswire/feeds/businesswire/2008/08/04/businesswire20080804006081r1.html. Retrieved 2008-08-04.  
  6. ^ "The Check Is Not in the Mail". The New York Times. http://www.nytimes.com/2006/05/25/business/25insure.html. Retrieved 2006-05-25.  
  7. ^ "Health Care's Electronic Elixer?". Business Week. http://www.businessweek.com/technology/content/jan2006/tc20060131_011101.htm. Retrieved 2006-01-31.  
  8. ^ "athenahealth Named One of America's Fastest Growing Private Companies for the Second Straight Year". Business Wire. http://findarticles.com/p/articles/mi_m0EIN/is_2006_August_29/ai_n26969643. Retrieved 2006-08-29.  
  9. ^ "athenahealth Management". athenahealth, Inc.. http://investors.athenahealth.com/management.cfm. Retrieved 2008-11-15.  







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