Here are four things to know about the company’s financial performance for the second quarter of 2015.
1. Emdeon reported $7.9 million in net income for the quarter, up from a $59.5 million loss in the second quarter of 2014.
2. Solutions revenue for the quarter increased 5.9 percent from $249.1 million to $263.8 million.
3. The company’s adjusted EBITDA for the quarter increased 8.4 percent to $97.9 million.
4. In July, Emdeon agreed to purchase Altegra Health. The transaction is expected to close in the third quarter of this year.
More articles on finance issues:
RCM tip of the day: Understand how labor costs affect revenue cycle
8 hospital bankruptcies, closures and service cuts
Hospital bond issuance bounces back in 2015
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
