User:Dalstadt/Emdeon
| 190px | |
| Industry | Healthcare |
|---|---|
| Founded | 2005 |
| Headquarters | Nashville, Tennessee, USA |
Key people | George I. Lazenby, IV, CEO |
Number of employees | 3200+ |
| Website | Emdeon.com |
Emdeon Inc is a provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers and patients in the U.S. healthcare system. The company operates the single largest financial and administrative information exchange in the U.S. healthcare system.
Emdeon is headquartered in Nashville, Tennessee, with more than 25 additional locations throughout the United States.
As of December 31, 2010, the Company’s health information network reached approximately 1,200 payers, 340,000 providers, 5,000 hospitals, 81,000 dentists, 60,000 pharmacies, 600 vendor partners, and 150 labs.[1]
Market Segments
[edit]- Hospitals & Health Systems
- Physicians, Clinics & Other Medical Providers
- Payers- Government and Commercial Payer Organizations and PPO Networks
- Pharmacy Services
- Dental Practices
- Channel Partners
- Clinical Information Exchange
- Government Services
Corporate History
[edit]Until August of 2005, Emdeon operated under the name WebMD Corporation (NASDAQ: HLTH). The name was changed to Emdeon to avoid confusion with WebMD.[2]
In March 2007, Emdeon named former Executive Vice President George Lazenby of Provider Services as the company’s CEO.
Acquisitions
[edit]In May 2009, Emdeon acquired The Sentinel Group, a vendor of software and investigational services to combat health care fraud.[3]
In January 2010, Emdeon acquired FutureVision Investment Group, L.L.C. (FVTech), a provider of outsourced services specializing in electronic data conversion and information management solutions.[4]
In March 2010, Emdeon acquired Healthcare Technology Management Services, Inc. (HTMS), a management consulting company focused primarily on the healthcare payer market.[5]
In June 2010, Emdeon acquired Chapin Revenue Cycle Management, LLC (Chapin), a technology-enabled provider of accounts receivable denial and recovery services.[6]
In October 2010, the Company acquired Chamberlin Edmonds & Associates, Inc. (CEA), a technology-enabled provider of government program eligibility and enrollment services.[7]
Blackstone/Emdeon Buyout
[edit]In August of 2011, Emdeon Inc. was taken private for $3 Billion by Blackstone Group.[8]
Blackstone's offer of $19 per Emdeon share was backed by committed financing from Bank of America, Merrill Lynch, Barclays Capital and Citigroup.[9]
Emdeon shares jumped 13.6% the morning after the acquisition. Shares had risen 31 percent over the previous year until the announcement.[10]
External Links
[edit]References
[edit]- ^ http://www.reuters.com/finance/stocks/companyProfile?symbol=93E.BE
- ^ http://www.himss.org/asp/ContentRedirector.asp?ContentId=65146
- ^ http://www.ihealthbeat.org/articles/2009/5/8/business-news-roundup-for-the-week-of-may-8-2009.aspx?p=1
- ^ http://www.bizjournals.com/nashville/stories/2010/01/25/daily9.html
- ^ http://www.businessweek.com/ap/financialnews/D9EFVTNO0.htm
- ^ http://www.healthcareitnews.com/news/emdeon-acquires-chapin-better-addressing-hospital-based-claims-and-payment-recovery
- ^ http://www.news-medical.net/news/20101004/Emdeon-acquires-Chamberlin-Edmonds.aspx
- ^ http://www.bloomberg.com/news/2011-08-04/blackstone-to-buy-health-care-biller-emdeon-in-deal-valued-at-3-billion.html
- ^ http://www.reuters.com/article/2011/08/04/us-emdeon-idUKTRE7733Y720110804
- ^ http://dealbook.nytimes.com/2011/08/04/blackstone-to-buy-emdeon-for-3-billion/