Athenahealth, Inc.

Infobox Company
company_name=athenahealth, Inc.
company_type=Public (nasdaq|ATHN)
foundation= 1997
location_city= flagicon|USA Watertown, MA
key_people=Jonathan S. Bush, CEO, President and Chairman
James M. MacDonald, COO, Executive Vice President
Carl B. Byers, CFO, Senior Vice President and Treasurer
industry=Healthcare Technology
products=Healthcare Billing and Records
revenue=US$100.8 million (2007)
num_employees=648 (2008)
homepage = [http://www.athenahealth.com/ 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, and Chennai, India.cite web
url=http://www.athenahealth.com/about-us/fact-sheet.php
title=athenahealth, Inc. Factsheet
accessdate=2008-10-07
publisher=athenahealth, Inc.]

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.cite web
url=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
title=Fights Over Health Claims Spawn a New Arms Race - Insurers and Doctors Try for Upper Hand; Firms Help Both Sides
accessdate=2007-02-14
publisher=Wall Street Journal] After searching unsuccessfully for an existing EMR and practice management solution to meet their needs, they decided to form athenahealth, Inc. and 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.cite web
url=http://www.fastcompany.com/magazine/96/health-care.html
title=The Bush Health-Care Solution
accessdate=2005-07-01
publisher=Fast Company]

In 2000, athenahealth introduced [http://athenahealth.com/our-services/athenaCollector.php athenaCollector] , their physician billing and practice management service. In 2006, it launched [http://athenahealth.com/our-services/athenaClinicals.php athenaClinicals] , touted as the "first economically sustainable, service-based" electronic medical records (EMR) system.cite web
url=http://findarticles.com/p/articles/mi_m0EIN/is_2006_July_25/ai_n26934679
title=athenahealth Introduces Healthcare Industry's First Economically Sustainable, Service-Based EMR Offering for Medical Practices
accessdate=2006-07-25
publisher=Business Wire] And in August 2008, it announced the acquisition of MedicalMessaging.net.cite web
url=http://www.forbes.com/businesswire/feeds/businesswire/2008/08/04/businesswire20080804006081r1.html
title=athenahealth to Acquire MedicalMessaging.net Assets, Gaining New Patient Communications Service Capabilities
accessdate=2008-08-04
publisher=Forbes]

athenahealth also entered the area of healthcare reform in 2006, working with [http://www.physicianspractice.com/ Physician's Practice Journal] to provide an industry report card for the major insurance companies in the United States.cite web
url=http://www.nytimes.com/2006/05/25/business/25insure.html
title=The Check Is Not in the Mail
accessdate=2006-05-25
publisher=The New York Times] The annual [http://www.athenapayerview.com/ 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.cite web
url=http://www.businessweek.com/technology/content/jan2006/tc20060131_011101.htm
title=Health Care's Electronic Elixer?
accessdate=2006-01-31
publisher=Business Week] , cite web
url=http://findarticles.com/p/articles/mi_m0EIN/is_2006_August_29/ai_n26969643
title=athenahealth Named One of America's Fastest Growing Private Companies for the Second Straight Year
accessdate=2006-08-29
publisher=Business Wire] 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

* [http://athenahealth.com/our-services/athenaCollector.php athenaCollector]
Physician billing and practice management service combining award-winning software, proprietary claims knowledge, and business services.
* [http://athenahealth.com/our-services/athenaClinicals.php athenaClinicals]
Integrated electronic medical records (EMR) service, combining software with clinical and payer intelligence.

=Key Peoplecite web
url=http://investors.athenahealth.com/management.cfm
title=athenahealth Management
accessdate=2008-10-01
publisher=athenahealth, Inc.] =

* Jonathan Bush, Chairman and CEO
* James MacDonald, Executive Vice President and COO
* Carl Byers, Senior Vice President, CFO and Treasurer
* Daniel Orenstein, Vice President, General Counsel and Secretary
* Leslie Locke, Senior Vice President of People and Process
* Ed Y. Park, Chief Technology Officer
* Rob Cosinuke, Senior Vice President and CMO
* Robert M. Hueber, Senior Vice President, Sales
* Nancy G. Brown, Senior Vice President, Business Development and Government Relations

ee Also

* Jonathan Bush, Chairman and CEO

External Links

* [http://www.athenahealth.com athenahealth, Inc.]
* [http://www.athenapayerview.com athenahealth PayerView]

References