Emdeon Inc., through its subsidiaries, provides revenue and payment cycle management and clinical information exchange solutions that connect payers, providers, and patients in the United States healthcare system. Its product and service offerings integrate and automate business and administrative functions for healthcare payers and healthcare providers throughout the patient encounter, including pre-care patient eligibility and benefits verification and enrollment, clinical information exchange, claims management and adjudication, payment integrity, payment distribution, payment posting, and denial management and patient billing and payment processing. The company operates through four segm...
3055 Lebanon Pike
Nashville, TN 37214
Founded in 2006
Emdeon Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Impairment of Long-Lived Assets
Nov 7 14
Emdeon Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, revenue was $341,608,000 against $317,810,000 a year ago. This increase in revenue was primarily due to business growth, including the Capario acquisition, partially offset by a one-time reduction of revenue. Operating income was $30,102,000 against $19,815,000 a year ago. Loss before income tax provision (benefit) was $8,509,000 against $16,139,000 a year ago. Net loss was $13,002,000 against $16,265,000 a year ago. This improvement in net loss was primarily due to business growth. EBITDA was $76,574,000 against $68,042,000 a year ago. Adjusted EBITDA was $94,052,000 against $85,248,000 a year ago. The 10.3% increase in Adjusted EBITDA over the prior year period and expansion of Adjusted EBITDA margin to 27.5% for the quarter was largely due to revenue growth and continued productivity improvements throughout its business.
For the nine months, revenue was $996,973,000 against $922,452,000 a year ago. Operating income was $9,830,000 against operating loss of $54,094,000 a year ago. Loss before income tax provision (benefit) was $119,249,000 against $84,410,000 a year ago. Net loss was $75,516,000 against $57,988,000 a year ago. Net cash provided by operating activities was $108,410,000 against $110,036,000 a year ago. Purchases of property and equipment were $37,673,000 against $52,806,000 a year ago. EBITDA was $132,033,000 against $169,923,000 a year ago. Adjusted EBITDA was $262,685,000 against $238,440,000 a year ago.
For the quarter, the company reported impairment of long-lived assets of $3,114,000 against $25,000 a year ago.