athenahealth, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year Ending December 31, 2015
Jul 23 15
athenahealth, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company has posted total revenue of total revenue of $224,694,000 against $185,922,000 a year ago. Operating loss was $2,209,000 against $1,620,000 a year ago. Income before income tax provision was $17,359,000 against loss before income tax benefits of $2,901,000 a year ago. Net income was $9,349,000 or $0.24 basic and diluted per share against net income of $2,162,000 or $0.06 basic and diluted per share a year ago. Non-GAAP adjusted EBITDA was $43,430,000 against $36,316,000 a year ago. Non-GAAP adjusted operating income was $22,164,000 against $21,611,000 a year ago. Non-GAAP adjusted net income was $12,397,000 or $0.32 diluted per share against $12,198,000 or $0.32 diluted per share a year ago.
For the six months, the company has posted total revenue of total revenue of $431,128,000 against $348,957,000 a year ago. Operating loss was $13,989,000 against $12,721,000 a year ago. Income before income tax provision was $4,564,000 against loss before income tax benefits of $15,438,000 a year ago. Net income was $517,000 or $0.01 basic and diluted per share against net income of $10,217,000 or $0.27 basic and diluted per share a year ago. Net cash provided by operating activities was $74,580,000 against $63,752,000 a year ago. Purchases of property and equipment were $41,993,000 against $28,991,000 a year ago. Payments on acquisitions, net of cash acquired were $39,890,000. Non-GAAP adjusted EBITDA was $79,098,000 against $58,905,000 a year ago. Non-GAAP adjusted operating income was $38,413,000 against $30,350,000 a year ago. Non-GAAP adjusted net income was $21,537,000 or $0.55 diluted per share against $16,580,000 or $0.44 diluted per share a year ago.
For the year ending December 31, 2015, the company expects GAAP total revenue to be at or above the mid-point of the $905 million to $925 million guidance range. Non-GAAP adjusted gross margin to be at or above the mid-point of the 62.5% to 63.5% guidance range. Non-GAAP adjusted operating income to be at or above the mid-point of the $75 million to $85 million guidance range. Finally, Non-GAAP adjusted net income per diluted share to be at or above the mid-point of the $1.10 to $1.20 guidance range.
NewYork-Presbyterian Selects athenahealth, Inc. as the Technology Platform for its Physician Services Organization
Jul 23 15
NewYork-Presbyterian announced a new collaboration with athenahealth, Inc. NewYork-Presbyterian, through its Physician Services Organization (NYPPSO), will provide the NewYork-Presbyterian Medical Groups (NYPMG) management of their physician practices via implementation of athenahealth's electronic health record (EHR), practice management, and patient engagement services for more than 800 physicians and an additional 300 licensed professionals. NewYork-Presbyterian, through its Physician Services Organization, will also offer services and options for independent physicians wishing to align with NewYork-Presbyterian. NYPPSO and athenahealth will establish a clinically-integrated, cloud-based technology infrastructure for the NewYork-Presbyterian Medical Groups' multi-specialty physician practices in New York State. Initial deployment of athenahealth services will begin at NewYork-Presbyterian Medical Group/Hudson Valley, NewYork-Presbyterian Medical Group/Queens, and NewYork-Presbyterian Medical Group/Westchester with future implementation to follow in Brooklyn and other areas in the region. Together, the organizations will focus on patient and physician centricity; enable industry-leading, innovative coordination of care; and advance population health management initiatives across all regions.
The University of Alabama and athenahealth, Inc. Partner to Provide New Patient Access Services
Jul 6 15
The University of Alabama at Birmingham and athenahealth, Inc. have partnered to provide new patient access services. UAB Medicine is implementing athenaCoordinator Enterprise patient access services, which streamline care transitions and patient referrals, in The Kirklin Clinic of UAB Hospital, a multi-specialty ambulatory care site that serves more than 2,000 patients a day in 35 specialties. Through use of this athenahealth service and support, set to be live in July, UAB Medicine will ensure that as patients move between care settings, the correct information follows them and is available at the right time, whether it is to support the moments of care or streamline reimbursement associated with care delivered. By using athenahealth's patient access services, UAB staff will be able to ensure patients are already pre-certified and their correct insurance and referral information is completed before they show up for an appointment. Not only does this help speed [up] the check-in process and allow for more patient/physician interaction time, it also minimizes the risk of billing errors and unnecessary reimbursement follow up post-care. athenahealth's cloud-based network and service model facilitates the power of real-time intelligence; when payer requirements or a patient's status changes, athenahealth is able to provide instant feedback to the care team and/or front desk staff. athenahealth's ability to learn from activity across its national network allows for insight, scale and efficiency that health systems require to coordinate care confidently, knowing that appropriate payment will fall in-line with the care delivered and in a timely fashion. This model enables staff to focus on the care and leave administrative burdens behind.