Emdeon

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Change Healthcare (known as Emdeon before rebranding in 2015) 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 largest financial and administrative information exchange in the United States.

The company is headquartered in Nashville, Tennessee, with more than 25 additional locations throughout the United States.

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Market Segments

Physicians & Clinics
Hospitals & Health Systems
Payers
Pharmacies
Channel Partners
Dentists
Clinical Exchange
Labs
Government Services

As of October 2015, the company's health information network reached approximately 1,200 government and commercial payers, 700,000 providers, 5,000 hospitals, 105,000 dentists, 60,000 pharmacies, 600 vendor partners, and 150 labs.

In 2014, the Emdeon processed over 8.1 billion transactions, and handles over $6.4 billion in transactions each year.

Maps Emdeon

Corporate History

Until August 2005, Emdeon operated under the name WebMD Corporation (NASDAQ: HLTH). The name was changed to Emdeon to avoid confusion with its then subsidiary WebMD, which started public trading under stock symbol WBMD in September 2005.

In September 2013, Emdeon was named as part of the InformationWeek 500 2013, a list of the Top Technology Innovators across the United States.

On November 9, 2015, the company and its associated business units officially rebranded as Change Healthcare.

In June 2016, McKesson Corporation and Change Healthcare Holdings, Inc., announced the creation of a new healthcare company which combined substantially all of Change Healthcare's business with the majority of Mckesson's Information technology unit. McKesson owns approximately 70% of the new company, with the remaining equity stake held by Change Healthcare stockholders. The new company continues to be called Change Healthcare.

Kris Joshi, Executive Vice President Products, Change Healthcare ...

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Key personnel

As of February 2014, the Management team included:

Neil de Crescenzo, Chief Executive Officer
Alex Choy, Chief Information Officer
Randy Giles, Chief Financial Officer

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Acquisitions

In 2004, the company acquired Dakota Imaging, Inc. and ViPS, Inc. In May 2009, the company acquired The Sentinel Group, a vendor of software and investigational services to combat health care fraud. In January 2010, the company acquired FutureVision Investment Group, L.L.C. (FVTech), a provider of outsourced services specializing in electronic data conversion and information management solutions. In March 2010, the company acquired Healthcare Technology Management Services, Inc. (HTMS), a management consulting company focused primarily on the healthcare payer market. In June 2010, the company acquired Chapin Revenue Cycle Management, LLC (Chapin), a technology-enabled provider of accounts receivable denial and recovery services. In October 2010, the company acquired Chamberlin Edmonds & Associates, Inc. (CEA), a technology-enabled provider of government program eligibility and enrollment services. In May 2011, the company acquired EquiClaim, a provider of healthcare audit and recovery services for commercial and government payers, from MultiPlan, Inc. In May 2012, the company acquired TC3 Health, a provider of cost containment solutions, including payment integrity and out-of-network claims cost management, to U.S. healthcare payers. In June 2013, the company acquired Goold Health Systems, a healthcare management organization that specializes in providing pharmacy benefit and related services primarily to State Medicaid agencies across the nation. In July 2014, the company acquired Capario, a provider of healthcare technology solutions using a cloud-based platform that enables healthcare providers to use a real-time solution called CaparioOneSM. On November 25, 2014, Emdeon acquired Change Healthcare Corporation, a consumer healthcare engagement and transparency company, for $135 million. In December 2014, the company acquired AdminiSource Communications, Inc., a payment and communications solutions (PCS) business of Alegeus Technologies, LLC, a provider of consumer directed healthcare solutions. In August 2015, the company acquired Altegra Health, a provider of technology and intervention platforms that combine data aggregation and analytics with member engagement and reporting capabilities.

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Certifications and Honors

In May 2011, Emdeon was awarded a five-year United States General Services Administration (GSA) Schedule 70 Contract.

In June 2011 and 2012, Emdeon Assistant, Emdeon Claim Master and Emdeon Payment Integrity Services earned the Peer Reviewed designation of the Healthcare Financial Management Association (HFMA).

In December 2011, the company partnered with the U.S. Department of Health and Human Services for an initiative providing electronic health record services to physicians in underserved New Jersey communities.

In December 2011, the company became certified as a Health Data Intermediary by the Minnesota Department of Health.

In January 2013, Healthcare Technology Management Services (HTMS) was selected by the Colorado Health Insurance Cooperative to provide strategic planning for the development of a consumer-owned health insurance plan.

In March 2013, Emdeon was ranked first in overall vendor preference for interoperability, integration and connectivity in the Black Book Rankings 2013 State of Electronic Prescribing Industry. It also ranked first in the Black Book Rankings 2013 Overall Best EHR Functionality Performance.

In October 2013, subsidiary Chamberlin Edmonds was named a Certified Application Counselor Designated Organization by the Centers for Medicare and Medicaid Services. In February 2015 Chamberlin Edmonds was designated as a Category Leader for Eligibility and Enrollment Services in the 2014 Best in KLAS awards.

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