|Traded as||NASDAQ: ATHN|
|Founders||Jonathan Bush Chief Executive Officer, President and Chairman of the Board of Directors
Todd Park Former Chief Technology Officer of the United States,
|Products||electronic health records, revenue cycle management, medical billing, patient engagement, care coordination, population health management, and Epocrates|
|Revenue||$924.7 million (December, 2015)|
Number of employees
athenahealth, Inc. is a publicly traded American company that provides cloud-based services for health care and point-of-care mobile apps. The company was founded in 1997 in San Diego, California. athenahealth is headquartered in Watertown, Massachusetts, with operational sites in Belfast, Maine; San Francisco, California; Atlanta, Georgia; Austin, Texas; Princeton, New Jersey; and Chennai, India.
In 1997, athenahealth cofounders Jonathan Bush and Todd Park started Athena Women's Health, a women's health and birthing practice in San Diego, California. The practice encountered problems being reimbursed by payers. Lacking a system to track insurance claims, Bush and Park formed athenahealth, Inc. to develop a practice management system. Todd's brother, software developer Ed Park, helped to develop a revenue cycle management system with a "rules engine" of dynamic billing rules data. In 2000, athenahealth introduced athenaCollector, its cloud-based revenue cycle and practice management service.
In 2006, the company launched athenaClinicals, reported as the "first economically sustainable, service-based" electronic medical records (EMR) system. athenahealth, Inc. announced an initial public offering of its common stock on June 22, 2007. The offering was completed on September 20, 2007, at a price of $18 per share. It trades on the NASDAQ exchange under the symbol ATHN.
In 2008, athenahealth introduced athenaCommunicator to manage phone calls. Since then, the product has evolved into a suite of "patient engagement services", including a patient portal, population health campaign tool, scheduling solution, and answering service. athenahealth purchased Anodyne Health in 2009. The Anodyne Health services were incorporated into athenaCoordinator Analytics, an analytics service for medical groups and health systems.
In 2011, athenahealth purchased Proxsys, LLC, a care coordination company, and launched athenaCoordinator (now athenaCoordinator Core) for order transmission and care collaboration with secure text message. In 2012, the company purchased Healthcare Data Services, a population health management company. The company launched athenaCoordinator Enterprise in 2014 to design end-to-end care coordination and population health service for enterprises.
On January 14, 2015, athenahealth announced the acquisition of RazorInsights, a leader in cloud-based EHR and financial solutions for rural, critical access, and community hospitals. The purchase extended athenahealth’s established position in the outpatient market into the 50-bed and under inpatient care environment, which makes up nearly one third of the hospital market. In February, 2015, athenahealth announced that it had purchased webOMR, the web-based clinical applications and EHR platform developed by Boston’s Beth Israel Deaconess Medical Center. athenahealth collaborated with BIDMC on the development of athenahealth's acute care service offering, using Beth Israel Deaconess Hospital-Needham, a 58-bed community hospital, as the alpha development site.
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