Here are four things to know about athenahealth’s financial outlook.
1. The company posted $1.22 billion in revenue for full-year 2017, up 13 percent from $1.08 billion in 2016, according to 2017 earnings results the company released Feb. 1. Athenahealth also reported $70.6 million in operating income during 2017, up 165 percent from $26.6 million last year.
2. Athenahealth management expects to achieve total revenue in the range of $1.31 billion to $1.38 billion in 2018. The management team expects the company’s operating income to be in the range of $108 million to $152 million in 2018.
3. The company expects to invest in research and development, improve efficiency and increase scale across business sectors, and drive revenue growth and progress in core and network services as part of its 2018 performance growth, according to a Feb. 14 athenahealth statement.
4. Marc Levine, CFO of athenahealth, said in the statement, “We have made significant progress on our strategic initiatives to create a more focused and efficient company. In the year ahead, we plan to build on this success as we work to create healthcare’s first true platform.”
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