Athenahealth
Encyclopedia
athenahealth, Inc. is a publicly traded American company that provides physician practices with online
practice management
and electronic medical record
software, combined with medical billing and other healthcare business services. The company was founded in 1997 in San Diego, California
, and today is headquartered in Watertown
, Massachusetts
, with operational sites in Belfast
, Maine
; Rome
, Georgia
; Alpharetta, Georgia
; and Chennai
, India
.
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. After searching unsuccessfully for an existing EMR and practice management solution to meet their needs, they decided to form athenahealth, Inc. in order to 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.
In 2000, athenahealth introduced athenaCollector, their physician billing and practice management service. In 2006, it launched athenaClinicals, touted as the "first economically sustainable, service-based" electronic medical records (EMR) system. And in August 2008, it announced the acquisition of MedicalMessaging.net.
athenahealth also entered the area of healthcare reform in 2006, working with Physician's Practice Journal to provide an industry report card for the major insurance companies in the United States. The annual 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. 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.
Cloud computing
Cloud computing is the delivery of computing as a service rather than a product, whereby shared resources, software, and information are provided to computers and other devices as a utility over a network ....
practice management
Practice management
Practice management software is a category of software that deals with the day-to-day operations of a medical practice. Such software frequently allows users to capture patient demographics, schedule appointments, maintain lists of insurance payers, perform billing tasks, and generate reports.In...
and electronic medical record
Electronic medical record
An electronic medical record is a computerized medical record created in an organization that delivers care, such as a hospital or physician's office...
software, combined with medical billing and other healthcare business services. The company was founded in 1997 in San Diego, California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
, and today is headquartered in Watertown
Watertown, Massachusetts
The Town of Watertown is a city in Middlesex County, Massachusetts, United States. The population was 31,915 at the 2010 census.- History :Archeological evidence suggests that Watertown was inhabited for thousands of years before the arrival of settlers from England...
, Massachusetts
Massachusetts
The Commonwealth of Massachusetts is a state in the New England region of the northeastern United States of America. It is bordered by Rhode Island and Connecticut to the south, New York to the west, and Vermont and New Hampshire to the north; at its east lies the Atlantic Ocean. As of the 2010...
, with operational sites in Belfast
Belfast, Maine
Belfast is a city in Waldo County, Maine, in the United States. As of the 2010 census, the city population was 6,668. Located at the mouth of the Passagassawakeag River on Penobscot Bay, Belfast is the county seat of Waldo County...
, Maine
Maine
Maine is a state in the New England region of the northeastern United States, bordered by the Atlantic Ocean to the east and south, New Hampshire to the west, and the Canadian provinces of Quebec to the northwest and New Brunswick to the northeast. Maine is both the northernmost and easternmost...
; Rome
Rome, Georgia
Located in the foothills of the Appalachian Mountains, Rome is the largest city and the county seat of Floyd County, Georgia, United States. It is the principal city of the Rome, Georgia Metropolitan Statistical Area which encompasses all of Floyd County...
, Georgia
Georgia (U.S. state)
Georgia is a state located in the southeastern United States. It was established in 1732, the last of the original Thirteen Colonies. The state is named after King George II of Great Britain. Georgia was the fourth state to ratify the United States Constitution, on January 2, 1788...
; Alpharetta, Georgia
Georgia (U.S. state)
Georgia is a state located in the southeastern United States. It was established in 1732, the last of the original Thirteen Colonies. The state is named after King George II of Great Britain. Georgia was the fourth state to ratify the United States Constitution, on January 2, 1788...
; and Chennai
Chennai
Chennai , formerly known as Madras or Madarasapatinam , is the capital city of the Indian state of Tamil Nadu, located on the Coromandel Coast off the Bay of Bengal. Chennai is the fourth most populous metropolitan area and the sixth most populous city in India...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
.
History
In 1997, athenahealth cofounders Jonathan BushJonathan S. Bush
Jonathan S. Bush is the co-founder, Chief Executive Officer, and President of athenahealth, a health care technology company founded in 1997.In 2000, Bush raised more than $10M in venture capital funding to support the company. athenahealth launched a successful IPO in 2007.Before founding...
and Todd Park started a women's health and birthing practice in San Diego, California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
, called Athena Healthcare. Unprepared for how difficult it would be to get reimbursed by insurance companies, they soon faced serious cash flow problems. After searching unsuccessfully for an existing EMR and practice management solution to meet their needs, they decided to form athenahealth, Inc. in order to 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.
In 2000, athenahealth introduced athenaCollector, their physician billing and practice management service. In 2006, it launched athenaClinicals, touted as the "first economically sustainable, service-based" electronic medical records (EMR) system. And in August 2008, it announced the acquisition of MedicalMessaging.net.
athenahealth also entered the area of healthcare reform in 2006, working with Physician's Practice Journal to provide an industry report card for the major insurance companies in the United States. The annual 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. The offering was completed on September 20, 2007, at an offering price of $18 per share. It now trades on the NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
exchange under the symbol ATHN.
Products
- athenaCollector
Physician billing and practice management service combining award-winning software, proprietary claims knowledge, and business services. - athenaClinicals
Integrated electronic medical records (EMR) service, combining software with clinical and payer intelligence. - athenaCommunicator
Automated calling and emailing platform and customizable patient portal system. - athenaCoordinator
Cloud-based care coordination service for order transmission, insurance pre-certification and patient registration among physicians and hospitals, surgical centers and imaging centers.
Key people
The executive management team at athenahealth includes:- Jonathan BushJonathan S. BushJonathan S. Bush is the co-founder, Chief Executive Officer, and President of athenahealth, a health care technology company founded in 1997.In 2000, Bush raised more than $10M in venture capital funding to support the company. athenahealth launched a successful IPO in 2007.Before founding...
, Chairman and CEO - Timothy M. Adams, Senior Vice President, Chief Financial Officer
- Daniel H. Orenstein, Vice President, General Counsel and Secretary
- Ed Park, Executive Vice President and Chief Operating Officer
- Derek Hedges, Senior Vice President, Business Development and Government Relations
- Leslie Brunner, Senior Vice President of People and Process
- Rob Cosinuke, Senior Vice President and Chief Marketing Officer
- Stephen N. Kahane, M.D., M.S., President of the Enterprise Services Group
- Todd Rothenhaus, M.D., Vice President, Chief Medical Information Officer