athenahealth (ATHN) Tops Q3 EPS by 13c; Forges New Partnership with Tandigm Health

athenahealth (NASDAQ: ATHN) reported Q3 EPS of $0.60, $0.13 better than the analyst estimate of $0.47. Revenue for the quarter came in at $276.7 million versus the consensus estimate of $280.72 million.

GUIDANCE:

athenahealth sees FY2016 EPS of $1.65-$1.85, versus the consensus of $1.77. athenahealth sees FY2016 revenue of $1.085-1.115 billion, versus the consensus of $1.1 billion.

Other News:

athenahealth and Tandigm Health, LLC announced that Tandigm has selected athenahealth Population Health® as its new partner to help advance population health management among its network of over 440 primary care physicians.

“One of our primary goals is to provide physicians with the advanced resources needed to enhance their ability to deliver the finest possible care,” said Dr. Anthony Coletta, CEO of Tandigm Health. “Our new relationship with athenahealth and the implementation of its population health management tool will better equip Tandigm network physicians to provide proactive, coordinated care to their patients.”

Tandigm Health provides innovative tools, technology, and meaningful incentives that empower its network of primary care physicians to provide high quality, coordinated care to over 100,000 patients. Tandigm is focused on the simple but powerful concept of engaging, enabling and empowering its physicians to ensure that they have the ability to deliver the right care, at the right time, in the right place, and in the right way. Tandigm will utilize athenahealth Population Health for care management as well as analytics, risk stratification, and quality management to help facilitate patient-centered, value-based care. athenahealth’s network-enabled service will coordinate care on a common platform for the patients in the Tandigm network and increase visibility to help the care team address patient needs and rigorously pursue quality outcomes.

“Tandigm Health is a disruptive force in the value-based care movement, providing innovative care solutions to improve care quality and outcomes,” said Jonathan Bush, CEO, athenahealth. “Our organizations’ strategic partnership is built with the expectation of driving true outcomes related to business and clinical value. Like Tandigm, athenahealth is committed to being on the vanguard of transforming healthcare. Doing so requires a unique combination of network infrastructure, real-time insights, and expert teams who are agile and passionate enough to drive change. For these reasons, we have found great partners in each other.”

For earnings history and earnings-related data on athenahealth (ATHN) click here.

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