Company Background and History
- Change Healthcare (formerly known as Emdeon Inc.) was established in 2007 in Brentwood, Tennessee.
- It was founded by Christopher Parks and Robert Hendrick.
- In 2010, the company shifted its focus to the business-to-business market.
- Howard McLure became chairman and CEO in April 2011.
- Change Healthcare acquired Emdeon in November 2014 and rebranded it as Change Healthcare in November 2015.
- McKesson Corporation and Change Healthcare Holdings, Inc. announced a new healthcare company in June 2016.
- In 2017, Change Healthcare was acquired by McKesson.
- In 2022, UnitedHealth Group acquired Change Healthcare for $13 billion.
Financial Information
- Change Healthcare reported annual revenue of $3.3 billion in its 2022 fiscal year.
- The company's net income for the same period was $102 million.
- Change Healthcare had approximately 14,000 employees as of 2022.
- The company operates in the United States and has a global presence.
- Change Healthcare is listed on the NASDAQ stock exchange under the ticker symbol 'CHNG.'
Products and Services
- Change Healthcare offers revenue cycle management solutions for healthcare providers.
- The company provides electronic health record systems and interoperability solutions.
- Change Healthcare offers analytics and data solutions to improve healthcare outcomes.
- The company has a consumer engagement platform for patients to manage their healthcare.
- Change Healthcare offers payment integrity solutions to prevent fraud and waste.
Partnerships and Acquisitions
- Change Healthcare has made several acquisitions to expand its capabilities.
- In 2010, the company acquired FutureVision, a company specializing in electronic billing.
- Change Healthcare acquired EquiClaim in 2011 to enhance its payment integrity solutions.
- The company acquired Altegra Health in 2015 for $910 million.
- Change Healthcare purchased PokitDok's assets in 2018.
Recognition and Awards
- Change Healthcare was named one of the best places to work in healthcare by Modern Healthcare in 2013.
- The company has been recognized for its innovative solutions in the healthcare industry.
- Change Healthcare has received industry awards for its revenue cycle management solutions.
- The company has been featured in publications such as Bloomberg and The Wall Street Journal.
- Change Healthcare's CEO, Douglas Ghertner, has been profiled in Nashville Business Journal.
This article contains wording that promotes the subject in a subjective manner without imparting real information. (October 2022) |
Change Healthcare (known as Emdeon before rebranding in 2015, which followed the acquisition of Change Healthcare) is a provider of revenue and payment cycle management that connects payers, providers, and patients within the U.S. healthcare system. The name also refers to a company founded in 2007 which subsequently became part of the current conglomerate. The company operates the largest financial and administrative information exchange in the United States.
| Type | Subsidiary |
|---|---|
| Nasdaq: CHNG | |
| Industry | Healthcare |
| Founded | 2005 |
| Headquarters | Nashville, Tennessee, U.S. |
Key people | Neil E. de Crescenzo (President and CEO) |
| Revenue |  US$3.48 billion (2022) |
| US$137 million (2022) | |
| US$−57 million (2022) | |
| Total assets |  US$9.93 billion (2022) |
| Total equity | US$3.28 billion (2022) |
Number of employees | c. 14,000 (2022) |
| Parent | UnitedHealth Group |
| Website | changehealthcare |
| Footnotes / references Financials as of March 31, 2022[update] | |
The company is headquartered in Nashville, Tennessee, with more than 89 additional locations throughout the United States, Canada, New Zealand, Israel, Taiwan, the UK, and the Philippines.
