Emdeon Inc. provides revenue and payment cycle management solutions that connect payers, providers, and patients in the United States healthcare system. Its products and services integrate and automate business and administrative functions of its payer and provider customers, including pre-care patient eligibility and benefits verification, clinical exchange capabilities, claims management and adjudication, payment integrity and distribution, payment posting and denial management, and patient billing and payment processing functions. The company operates in three segments: Payer Services, Provider Services, and Pharmacy Services. The Payer Services segment offers pre-care solutions, claim su...
3055 Lebanon Pike
Nashville, TN 37214
Founded in 2006
Emdeon Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013
Nov 8 13
Emdeon Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company's revenue was $323,906,000 compared to $297,075,000 a year ago. Operating income was $19,815,000 compared to $17,649,000 a year ago. Loss before income tax benefit was $16,139,000 compared to $24,249,000 a year ago. Net loss was $16,265,000 compared to $15,156,000 a year ago. The increase in revenue as compared to the prior year period was primarily due to the impact of business growth, including the June 2013 acquisition of Goold Health Systems. The increase in net loss compared to the same period in 2012 was primarily due to a change in the company's estimated effective tax rate, partially offset by the impact of business growth and lower interest expense as a result of the repricing of Emdeon's term debt in April 2013. EBITDA was $68,042,000 compared to $66,221,000 a year ago. Adjusted EBITDA was $85,248,000 compared to $79,180,000 a year ago. This increase in Adjusted EBITDA as compared to the same period in 2012 is primarily due to business growth, partially offset by increased investments related to sales and other strategic growth initiatives.
For the nine months, the company's revenue was $941,093,000 compared to $877,577,000 a year ago. Operating income was $54,094,000 compared to $47,941,000 a year ago. Loss before income tax benefit was $84,410,000 compared to $104,451,000 a year ago. Net loss was $57,988,000 compared to $68,087,000 a year ago. EBITDA was $169,923,000 compared to $166,442,000 a year ago. Adjusted EBITDA was $238,439,000 compared to $237,720,000 a year ago. Net cash provided by operating activities was $110,036,000 compared to $69,166,000 a year ago. Purchases of property and equipment was $52,806,000 compared to $40,949,000 a year ago.
Emdeon Inc. Presents at Citi North American Credit Conference, Nov-05-2013 02:45 PM
Oct 10 13
Emdeon Inc. Presents at Citi North American Credit Conference, Nov-05-2013 02:45 PM. Venue: The Conrad Hotel, 102 North End Ave., New York, NY 10282, United States.