Difference between revisions of "Athenahealth"

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== History ==
 
== History ==
  
The company was founded in 1997 in San Diego, California by Jonathan Bush and Todd Park, and today is headquartered in Watertown, Massachusetts, with operational sites in Belfast, Maine; Rome, Georgia; Alpharetta, Georgia; and Chennai, India.[1][2]
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The company was founded in 1997 in San Diego, California by Jonathan Bush and Todd Park, and today is headquartered in Watertown, Massachusetts, with operational sites in Belfast, Maine; Rome, Georgia; Alpharetta, Georgia; and Chennai, India.[http://www.athenahealth.com/our-company/corporate-facts.php?intcmp=I000015&intcmp=ABOUT-US/FACT-SHEET.PHP][http://en.wikipedia.org/wiki/Athenahealth]
  
 
* In 2000, athenahealth introduced athenaCollector, their physician billing and practice management service.
 
* In 2000, athenahealth introduced athenaCollector, their physician billing and practice management service.
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* In August 2008, it announced the acquisition of MedicalMessaging.net.
 
* In August 2008, it announced the acquisition of MedicalMessaging.net.
  
athenaClinicals, athenahealth's EHR, is a low-up-front-investment, high-return, web-based EHR designed to address the limitations of traditional EHRs [3]:
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athenaClinicals, athenahealth's EHR, is a low-up-front-investment, high-return, web-based EHR designed to address the limitations of traditional EHRs [http://www.athenahealth.com/our-services/athenaClinicals.php]:
  
 
* Optimize revenue potential across the patient encounter with an innovative five-stage patient workflow.
 
* Optimize revenue potential across the patient encounter with an innovative five-stage patient workflow.

Revision as of 22:39, 28 January 2015

Athenahealth is a leading provider of cloud-based business and clinical services for physician practices. The Company's service offerings are based on proprietary web-native practice management, electronic health record (EHR) software, a continuously updated payer knowledge-base and integrated back-office service operations.

History

The company was founded in 1997 in San Diego, California by Jonathan Bush and Todd Park, and today is headquartered in Watertown, Massachusetts, with operational sites in Belfast, Maine; Rome, Georgia; Alpharetta, Georgia; and Chennai, India.[1][2]

  • 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.
  • In August 2008, it announced the acquisition of MedicalMessaging.net.

athenaClinicals, athenahealth's EHR, is a low-up-front-investment, high-return, web-based EHR designed to address the limitations of traditional EHRs [3]:

  • Optimize revenue potential across the patient encounter with an innovative five-stage patient workflow.
  • Offload paperwork and improve care through closed-loop order management.
  • Achieve compliance with “Meaningful Use” requirements and get guaranteed Federal HITECH Act incentives.
  • Stay on top of and enrolled in HITECH Act, Pay for Performance, and other incentive programs.
  • Enjoy flexible charting options – including voice recognition software – that ease your EHR adoption without slowing you down.
  • 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

Rules Engine

Everyday, clients submit thousands of claims through the web-based software. Billing experts monitor these submissions and look for claim denial trends. As soon as they spot one, they fix the incorrect payer code that is causing the trend and add a rule to our database. From this moment forward, no Athenahealth client confronts the problem again. Scaling this process up by tens of thousands of rules delivers a system that is far more likely to get a claim paid the first time around – and it gets smarter every day.

In addition to preventing claim denials, the rules database also keeps up-to-date on clinical guidelines, protocols and pay-for performance program requirements. It automatically provides drug interaction and allergy alerts right at the point of care. And it will be easier to track captured the data required for HITECH Act and P4P incentives as they are implemented.

There’s no software to upgrade. All the information in the rules database is updated daily and becomes a part of the workflow [4]

Notable Events 2013

Notable Events: Athenahealth has seen sales increase over 200% since early 2009. Second-quarter revenue totaled $146.3 million, compared to $103.5 million in the same period last year, an increase of 41%. ATHN also reports cash and cash equivalents of $33.6 million. And shares have jumped 46.1% year-to-date.[5]

References

  1. Corporate Fact Sheet - athenahealth. http://www.athenahealth.com/our-company/corporate-facts.php?intcmp=I000015&intcmp=ABOUT-US/FACT-SHEET.PHP
  2. athenahealth - Wikipedia. http://en.wikipedia.org/wiki/Athenahealth
  3. EMR Electronic Medical Records :: athenaClinicals from athenahealth. http://www.athenahealth.com/our-services/athenaClinicals.php
  4. http://www.athenahealth.com/our-services/resource-library.php
  5. http://www.wallstreetdaily.com/2013/08/28/electronic-medical-records-emr/