athenahealth posts $329.4 million revenue in Q1: 3 things to know

Using a new revenue recognition standard, athenahealth posted financial results April 27 for its first quarter of 2018 ended March 31.

Advertisement

Here are three things to know.

1. The EHR vendor posted $329.4 million in revenue using the new standards, compared with $320.3 million before implementing the new standards. Compared with the same period in fiscal year 2017, revenue increased 12 percent from $285.4 million.

2. Net income using the new standards was $31.1 million, or $0.76 per diluted share. Net income prior to the new revenue recognition standard was $19.1 million, or $0.47 per diluted share, compared to a $1.4 million net loss, or $0.03 per diluted share, in the same period last year.

3. Using the new standard, athenahealth posted a 12.8 percent operating margin, up 7.7 percent from one year prior.

More articles on EHRs:
ONC certifies 1st EHR solution for palliative care
Top EHR vendors in 4 hospital segments, as ranked by Black Book
Pew: 5 ways EHRs contribute to patient harm — and 2 ways to fix it

ONC certifies 1st EHR solution for palliative care
Top EHR vendors in 4 hospital segments, as ranked by Black Book
Pew: 5 ways EHRs contribute to patient harm — and 2 ways to fix it

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Register to Attend Webinar

The hidden cost of lost clinical time and how leading health systems are responding

Friday, August 7
12:00 PM - 1:00 PM CDT

Presenters: Kassaundra McKnight-Young, Zebra TechnologiesGregory Carras, Zebra TechnologiesJennifer Gene, Levata

Advertisement

Next Up in EHRs / Interoperability

Advertisement

Comments are closed.