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. The company operates in three segments: Payer Services, Provider Services, and Pharmacy Services. The Payer Services segment provides payment cycle solutions that simplify the administration of healthcare related to insurance eligibility and benefit verification, claims management, payment integrity, and paym...
3055 Lebanon Pike
Nashville, TN 37214
Founded in 2006
Emdeon Inc. Announces Offering of its Senior Notes Due 2021
Aug 3 15
Emdeon Inc. announced that it intends to offer, subject to market and other conditions, $250 million in aggregate principal amount of its senior notes due 2021 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and to non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act. The company intends to use the net proceeds of the offering of the Senior Notes to partially fund its previously announced pending acquisition of Altegra Health Inc. and pay related fees and expenses. The Senior Notes are being offered in a private offering that is exempt from the registration requirements of the Securities Act, only to qualified institutional buyers in reliance on Rule 144A under the Securities Act, and outside the United States, only to non-U.S. investors pursuant to Regulation S. The Senior Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws.
Emdeon Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Impairment of Long-Lived Assets for the Second Quarter of 2015
Jul 24 15
Emdeon Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s total revenue was $354,801,000 compared to $336,158,000 a year ago. Operating income was $31,966,000 compared to operating loss of $54,204,000 a year ago. Loss before income tax provision was $8,019,000 compared to $86,486,000 a year ago. Net income was $7,928,000 compared to net loss of $59,527,000 a year ago. Adjusted EBITDA was $97.9 million compared to $90.3 million a year ago. EBITDA was $79,631,000 compared to LBITDA of $3,313,000 a year ago.
For the six months, the company’s total revenue was $700,496,000 compared to $655,365,000 a year ago. Operating income was $56,169,000 compared to operating loss of $39,937,000 a year ago. Loss before income tax provision was $19,809,000 compared to $110,742,000 a year ago. Net income was $2,178,000 compared to net loss of $62,516,000 a year ago. This increase in net income as compared to the prior year periods was primarily due to the absence of an impairment charge related to the partial loss of a customer contract recognized in the prior year periods and a recent change to state tax laws impacting the current year periods. Net cash used in operating activities was $123,598,000 against $33,833,000 a year ago. Purchases of property and equipment were $24,654,000 against $25,952,000 a year ago. Adjusted EBITDA was $185.5 million compared to $168.6 million a year ago. Adjusted EBITDA increased 8.4% and 10.0% for the three and six month periods, respectively, compared to the prior year periods as a result of revenue growth, operational efficiencies and other productivity improvements. EBITDA was $153,963,000 compared to $55,457,000 a year ago.
Impairment of long-lived assets was $122,000 for the second quarter of 2015 compared to $76,508,000 a year ago.
Elavon Partners with Emdeon to Launch Transend Pay
Jul 7 15
Elavon and Emdeon announced the launch of Transend Pay, an innovative payments processing platform for hospitals and healthcare providers that significantly reduces the time it takes to receive payments from health insurance carriers. Paper checks may have little to no direct cost to the payee, but there are numerous indirect costs associated with the handling process such as slowing down cash flow availability and adding non-patient paper work for staff. Electronic deposits via Transend Pay do not require staff to open, record, reconcile, and deposit payments, offering significant time savings compared to checks. With Transend Pay, claim payments from participating insurance payers are deposited automatically into a hospital or healthcare provider’s bank account on file with Elavon and are reported on bank statements and MerchantConnect.com, Elavon’s online customer reporting tool. Because Emdeon serves as the clearinghouse for the paying insurance companies, protected health information remains secure via this new processing platform.