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 recognised 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.