On Tuesday, Elliott Management Corporation (“Elliott”) released a letter to the Board of Directors of athenahealth, Inc. regarding Elliott’s proposal to acquire athenahealth for $160 per share in cash that could worth about $7 billion dollars.The letter outlined Elliott’s concerns with athenahealth’s refusal thus far to engage with any of the parties, including Elliott, that have expressed interest in acquiring athenahealth.“Since that time, we have heard nothing from the Company beyond its
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athenahealth | Electronic Health Record | Patient Engagement | News, Analysis, Insights
Elliot Management Makes $6.5B Unsolicited Bid to Acquire athenahealth
athenahealth has received an unsolicited proposal from Elliott Management to acquire the Company for $160 per share in cash that could be worth about $7 billion, including debt, CNBC first reports.In a letter sent to athenahealth’s management, the activist firm stated, “It is clear to us and becoming clear to many others that Athenahealth’s potential will never be realized without the kind of operational change that the company seems unable to deliver.” The letter also states that Elliot
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Former GE CEO Jeff Immelt Appointed Chairman of athenahealth
athenahealth, a provider of network-enabled services for hospital and ambulatory clients has appointed Jeff Immelt, former GE chairman and CEO, as chairman of athenahealth, effective, February 7, 2018.Mr. Immelt’s appointment as independent chairman is part of a series of strategic initiatives that athenahealth launched in 2017 to create a more focused and efficient company, drive increased levels of profitable growth, and enhance shareholder value. As part of these initiatives, the Company has
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KLAS Report: 12 Provider Insights from athenahealth Early-Adopters
With the acquisition of RazorInsights in 2015, athenahealth entered the underserved community hospital EMR market. Since then, provider interest has skyrocketed, with athenaOne for Hospitals and Health Systems being the third most frequently selected hospital EMR solution in the US in both 2015 and 2016. To learn more insights into the early-adopter experience for athenahealth customers, KLAS has published a new report that takes an in-depth early look at the progress athenahealth has made and
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athenahealth Acquires EHR Optimization Startup Praxify Technologies for $63M
athenahealth has entered into a definitive agreement to acquire Praxify Technologies, a Palo Alto-based EHR optimization company for approximately $63 million in cash. For athenahealth, the acquisition will strengthen company’s acute & ambulatory platform strategy and mobile capabilities to drive frictionless workflows and intelligence at and around the moments of care.Founded in 2010, Praxify’s platform includes: MIRA, a virtual assistant app that speeds up provider workflows and provides
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athenahealth Launches MDP Labs for Health IT Startups to Accelerate Health Innovation
athenahealth, Inc., a provider of network-enabled services for hospital and ambulatory clients nationwide, today announced the launch of MDP Labs, a new innovation program open to all healthcare and technology entrepreneurs, from seed-stage startups to mature companies. Hosted in the San Francisco office, the program invites all entrepreneurs with novel technologies that can help fix what is broken in healthcare to apply.Companies will be evaluated based on their team, business model, stage of
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athenahealth EHR Offers Meaningful Use Stage 3 Guarantee for Hospitals
athenahealth, Inc., an EHR provider for hospital and ambulatory clients nationwide, today announced the expansion of the company’s Guarantee Program to include a Meaningful Use (MU) Stage 3 Guarantee for hospitals. The Meaningful Use Stage 3 Guarantee for hospitals joins a growing portfolio of quality initiatives support offered by the company, including a Merit-Based Incentive Payment System (MIPS) guarantee and client support program. “Every hospital or health system —no matter the size— wants
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CoverMyMeds Integrates With athenahealth EHR to Help Patients Fill Prescriptions Faster
athenahealth is teaming up with electronic prior authorization (“ePA”) platform CoverMyMeds for prescriptions that will automate the ePA process for providers using the athenaClinicals electronic health record service.Of the estimated 185 million prescriptions a year in the U.S. that require prior authorization from payers, 40 percent are eventually abandoned. One reason is because the process to determine insurance coverage is extremely time-consuming, involving phone calls and faxes between
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athenahealth, ADP Integrate to Deliver Cloud-Based Payroll to Hospitals
athenahealth, a provider of network-enabled services and mobile apps for healthcare providers has integrated with ADP to to deliver payroll and time and attendance services to the small hospital market. The integration of ADP Workforce Now® payroll and time and attendance solutions with athenaOne for Hospitals & Health Systems® aims to save hospital and health system administrators’ time, effort and money by automating payroll processes and increasing operational efficiencies.Integration
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athenahealth Launches New Data-Driven Editorial Hub athenaInsight
athenahealth, a a provider of cloud-based EHR and practice management solutions for medical groups and health systems has launched a new editorial news hub on focused on American healthcare. The hub named athenaInsight draws upon a comprehensive data set of health care transactions from athenahealth’s nationwide network to provide a a real-time view of nearly 80,000 providers and 80 million de-identified patients, whose demographics closely match the nation’s.athenaInsight will extract insights
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