athenahealth, Inc. is a publicly traded American company that provides network-enabled services for mobile care applications and maintenance points to drive clinical and financial outcomes for hospitals and outpatients in the United States. athenahealth has a network of over 100,000 providers and 98 million patients and offers a range of services to manage medical records, income cycles, patient involvement, care coordination, and population health.
The company was founded in 1997 in San Diego, California; now headquartered in Watertown, Massachusetts and has grown to include operational locations in Belfast, Maine; Atlanta, Georgia; Austin, Texas; Princeton, New Jersey; and Chennai, Bangalore, and Pune, India.
Video Athenahealth
Company history
Inception
athenahealth began in 1997 as Athena Women's Health, a women's health and delivery center in San Diego, California. Founders Jonathan Bush and Todd Park set out to create a comfortable and comprehensive center where mothers can receive "a warm and supportive environment, personal attention, better care, and superior results" while the back-end business is "operating highly efficient, "with laser focus on cost. "
Birth centers are superior in delivering healthy babies: Only 10% of babies are born with a cesarean, one-third of the national average, and 90% of mothers can breast-feed their babies, beating the national average by 67% at the time.. However, while quality improved, the costs were followed suitably, and Bush and Park finally closed down their birth center and started a medical data company called athenahealth on the heels of the Internet boom of 1999.
athenahealth
In 1998, venture funder Mark Wilson offered to buy athenahealth software for $ 11 million. Bush and Park rejected the offer but followed Wilson's instinct, shifting from a business model from the maternity center to the vision of building internet health care. They turned Athena Women's Health into athenahealth, Inc., drew Ed Park, Park's sister and engineer, to develop a practice management system. Leaving clinical work in the hands of skilled providers, their new business venture aims to "let doctors become doctors" and remove burdensome and burdensome documents from doctors' desks.
The beginning of 2000 saw two important moments in time: Athenahealth's first client, Anchor Medical Associates, lives in athenaCollector; and in February, its first electronic claim was filed. When his first office opened its doors in Waltham, Massachusetts in 2002, athenahealth moved to Watertown, Massachusetts in 2005 and is still based there today.
Growth
Athenahealth announced the initial public offering of common stock on June 22, 2007. The offer was completed on September 20, 2007, at a price of $ 18 per share. It trades on the NASDAQ exchanges under the ATHN symbol.
Since moving his headquarters to Watertown in 2005, athenahealth has set up campuses at: Chennai, India, in 2005; Belfast, Maine, in 2008; Princeton, New Jersey, in 2013; Atlanta, Georgia, and San Francisco, California, in 2014; Austin, Texas, by 2015; and Bangalore and Pune, India, by 2017.
Maps Athenahealth
Products and services
athenaOne
athenaOne is a fully integrated cloud-based service suite, combining practice management (athenaCollector), electronic health records system (athenaClinicals), and maintenance coordination (athenaCommunicator) into a single bidding package.
athenaCollector
Athenahealth's first product, athenaCollector, the cloud-based revenue cycle and practice management service, was launched in 2000. Built by Ed Park, the revenue cycle management system forms the foundation of athenaNet, the broad-based web-based athenahealth system. (Ed Park will be Chief Operating Officer of athenahealth and a member of his board.)
athenaClinicals
In 2006, the company launched athenaClinicals, which was reported as a "service-based electronic record" system, the first economically sustainable. athenaClinicals has been classified as a market leader in the use of EHR, due to its productivity and ability to reduce provider work, the effectiveness of providing patient care, and an intuitive user interface.
athenaCommunicator
In 2008, athenahealth introduced athenaCommunicator to manage phone calls. Since then, this product has evolved into a set of "patient involvement services," including patient portals, patient self-scheduling solutions, and direct carrier services to better assist patients to schedule appointments, reschedule appointments, and make payments.
Epocrates
In 2013, the company purchased the Epocrates brand of mobile phones, and continued to occupy the offices of Epocrates in Princeton, New Jersey, and San Francisco, California. As an athenahealth service, Epocrates collects medication information, including dosage and contraindications, to provide clinical decision support in times of prescribed treatment.
Epocrates drug monographs have also been incorporated into the EHR athenaClinicals system to increase productivity and reduce time spent on patients.
Partnerships and acquisitions
More Troubles Please
Athenahealth's More Disruption Please (MDP) program was launched in 2011. This initiative is a partner program and an incubator environment for independent companies to develop products and services linked to the athenahealth ecosystem.
By 2014, athenahealth creates Bigger Disorders. Please accelerator, an opportunity for young beginners who still find their feet to start growing in the MDP athenahealth room. "The goal of [MDP accelerator] is to reduce incoming barriers to the best solution to help us build health care internet," said Mandira Singh, program director More Disruption Please. In the first year, the accelerator added five companies to its portfolio.
In April 2016, athenahealth acquired Arsenal Health, which developed the Smart Scheduling service for healthcare providers. Arsenal Health is the first MDM investment athenahealth, by 2014.
Athenahealth launches MDP Labs in 2017. This program invites all entrepreneurs, from beginners to mature companies, to innovate in health care and repair what's broken. MDP Labs athenahealth offers work space at San Francisco's downtown headquarters, tailor-made programs, special counseling, opportunities for partnership and funding, and exposure to potential clients.
Acquisitions and other collaborations
In January 2015, athenahealth announced the acquisition of RazorInsights, "leader in cloud-based EHR and financial solutions" for rural access, critical access, and community hospitals. This purchase extends the established athenahealth position in the outpatient market to 50 beds and under the inpatient care environment, which makes up nearly a third of the hospital market.
In February 2015, athenahealth announced that it had purchased webOMR, a web-based clinical application and an EHR platform developed by Beth Israel Deaconess Medical Center in Boston. athenahealth collaborated with BIDMC on the development of an acute care service offering athenahealth, using Beth Israel Deaconess Hospital-Needham, a 58-bed community hospital, as an alpha development site.
Athenahealth announced the acquisition of Praxify Technologies in June 2017. Platform strategy and Praxify mobile capabilities enable seamless workflows and communications in times of maintenance, and the technology will be integrated into cloud-based athenahealth platforms, enabling meaningful collaboration between developers in the applications to be come.
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