Friday, March 7, 2014

athenahealth Corp: A Healthcare Technology Company

It was in 1997 that athenahealth Corp was founded in San Diego, California. The company offers electronic medical record services and online practice management to various physician practices. In addition, they also offer healthcare business services and medical billing.

The company initially started as a women’s health and birthing place called Athena Healthcare. The business was created after their unsuccessful search for an existing EMR and practice management solution for their needs. It was Todd Park and Jonathan Bush who started the company and they tapped the help of Todd’s brother, Ed Park to create an EMR and financial revenue cycle system. Their services are categorized into four major divisions: athenaCollector, their billing and practice management service;  athenaClinicals, their electronic medical records service; athenaCoordinator, their automated calling and emailing platform and athenaCommunicator, their cloud-based care coordination system.

It was in 2007 that the company first opened its doors to the public at an initial offering of $18 per share. Common stocks of the business are now traded on the NASDAQ under the ticker symbol ATHN.

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