Change Healthcare

Change Healthcare is a SaaS-based firm that provides revenue cycle management and payment accuracy solutions for the healthcare industry. Read more

Neil E De Crescenzo's photo - President & CEO of Change Healthcare

President & CEO

Neil E De Crescenzo

CEO Approval Rating

83/100

Founded:

2005

Status:

PublicAcquisition Pending from Optum, Inc.NASDAQCHNG

CHANGE HEALTHCARE TOP COMPETITORS OR ALTERNATIVES

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Conifer Health is one of Change Healthcare's top rivals. Conifer Health was founded in Frisco, Texas} in 2008. Conifer Health is in the Health Care Services industry. Compared to Change Healthcare, Conifer Health generates $1.7B less revenue.

R1 RCM is Change Healthcare's #2 competitor. R1 RCM was founded in 2003, and is headquartered in Chicago, Illinois. Like Change Healthcare, R1 RCM also competes in the Enterprise Software space. R1 RCM generates $1.8B less revenue vs. Change Healthcare.

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Change Healthcare Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$3.1B

Change Healthcare's revenue is the ranked 2nd among it's top 10 competitors. The top 10 competitors average 22.3B. Over the last four quarters, Change Healthcare's revenue has grown by 23.2%. Specifically, in Q1 2021's revenue was $855.2M; in Q4 2020, it was $785.1M; in Q3 2020, it was $755.9M; in Q2 2020, Change Healthcare's revenue was $694.2M.

Change Healthcare Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Prometheus Analytics

Aug 2020

Source »
undisclosed
Prometheus Analytics is a value-based care reimbursement platform that optimizes and identifies payment model variations for the healthcare sector.
NucleusHealth, LLC

Aug 2020

Source »
undisclosed
Nucleus.io is a medical technology company that provides medical image management and interpretation solutions for the healthcare industry.
PDX, Inc.

Jun 2020

Source »
$208M
PDX is a SaaS-based firm that offers document, delivery, point-of-sale and inventory management solutions for pharmacy and healthcare markets.
eRx Network, LLC.

May 2020

Source »
$212.9M
eRx Network is a speciality pharmacy network that offers clinical collaboration, data management and reporting solutions for the healthcare industry.
PokitDok, Inc.

Dec 2018

Source »
undisclosed
PokitDok is a cloud-based API platform that facilitates eligibility checks, payment optimization, and patient identity management.

These are all the companies that Change Healthcare has acquired. Change Healthcare has acquired 5 companies and its latest acquisition was Prometheus Analytics in Aug 2020. Prometheus Analytics is a value-based care reimbursement platform that optimizes and identifies payment model variations for the healthcare sector.

Change Healthcare Funding History

Since Change Healthcare was founded in 2005, it has participated in 5 rounds of funding. In total Change Healthcare has raised $591.9M. Change Healthcare's last funding round was on Jun 2019 for a total of $557.1M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

IPO
Jun 2019
$557.1M

Equity
Jun 2014
$5M
-
Series D
Aug 2013
$15.2M
Series C
Sep 2011
$9.1M
Equity
Jun 2010
$5.5M
-

Since Change Healthcare was founded in 2005, it has participated in 5 rounds of funding. In total Change Healthcare has raised $591.9M. Change Healthcare's last funding round was on Jun 2019 for a total of $557.1M

Change Healthcare Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

BEKHealth is a Connecticut-based AI clinical research platform that provides solutions such as EMR data processing, patient trial matching, and care coordination.
$4M
Jun 01, 2021
Venture Round
-
MDSave is an online healthcare marketplace that allows users to compare local prices and book required healthcare procedures.
-
Jan 06, 2019
Equity
-

These are all the companies that Change Healthcare has invested in. Change Healthcare has invested 5 companies and its latest investment was Prometheus Analytics in Aug 2020. Prometheus Analytics is a value-based care reimbursement platform that optimizes and identifies payment model variations for the healthcare sector.

Change Healthcare News

April 22, 2021MarketScreener

Launches InterQual 2021 Solution Providing Guidance on Telehealth, Social Determinants of Health, and the Testing and Treatment of COVID-19 Patients

(marketscreener.com) The robust suite of InterQual® criteria has been updated to reflect the latest c... See more »
April 4, 2021MarketScreener

Statement of changes in beneficial ownership of securities

(marketscreener.com) SEC Form 4 FORM 4 Check this box if no longer subject to Section 16. Form 4 or F... See more »
March 29, 2021The Business Journals: Nashville

U.S. Justice Department wants more time on UnitedHealth, Change Healthcare deal

Federal regulators are asking for more time and information to review UnitedHealth Group's planned, m... See more »

Change Healthcare Blogs

February 24, 2020Change Healthcare Blog

AI Disrupting Risk Adjustment

http://traffic.libsyn.com/changehealthcare/AI_Risk_Adjustment_2020-02-B.mp3 Artificial intelligence (... See more »
February 17, 2020Change Healthcare Blog

Audiobook: Reality Check–Buy vs. Build for Laboratory Decision Support

http://traffic.libsyn.com/changehealthcare/Change_Healthcare_Audiobook__Reality_Check_2020-02-A.mp3 H... See more »
February 14, 2020Change Healthcare Blog

The Impact of Payment Audits on Payer-Provider Relationships

http://traffic.libsyn.com/changehealthcare/Payment_Integrity_2019-12-D.mp3 Payment integrity audits&#... See more »
January 28, 2020Change Healthcare Blog

Payer payment integrity audits are a financial burden to providers

Healthcare Finance News senior editor Susan Morse reports on the Change Healthcare study that looks a... See more »
January 25, 2020Change Healthcare Blog

Changing Reimbursement Models Affect How Providers Get Paid

The patient is becoming a more integral part of the payment picture Healthcare reimbursement is chang... See more »
January 25, 2020Change Healthcare Blog

Artificial Intelligence. Real Transformation.

AI is sweeping clinical, establishing a new standard of care. Now it’s coming for financial—and the r... See more »
January 25, 2020Change Healthcare Blog

Change Healthcare Unveils API & Services Connection, a Marketplace to Accelerate Innovation in Healthcare

Today Change Healthcare unveiled its API & Services Connection™, a marketplace for open, standard... See more »

Change Healthcare Press Releases

February 9, 2021PR Newswire

Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Change Healthcare - CHNG

/PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of K... See more »
January 21, 2021Business Wire

Change Healthcare Inc. Announces Date for Third Quarter Fiscal 2021 Earnings Release and Earnings Call

NASHVILLE, Tenn.--(BUSINESS WIRE)--Change Healthcare will release third quarter fiscal 2021 financial... See more »
January 14, 2021centralcharts

Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Change Healthcare - CHNG

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti... See more »
January 12, 2021Business Wire

Change Healthcare Helps Providers Comply with CMS Price Transparency Rule

NASHVILLE, Tenn.--(BUSINESS WIRE)-- #changehealthcare--Change Healthcare highlighted two options to h... See more »
December 8, 2020WebWire

Delphi Enhances COVIDcast With Change Healthcare Claims Data

Change Healthcare and Carnegie Mellon University's Delphi Research Group announced the launch of Delp... See more »
December 1, 2020Business Wire

Change Healthcare Announces Sale of Capacity Management Business to HealthStream

NASHVILLE, Tenn.--(BUSINESS WIRE)--Change Healthcare announces the sale of its Capacity Management bu... See more »
November 30, 2020Cision Canada

Change Healthcare Acclaimed by Frost & Sullivan for Supporting Value-based Care with Its Enterprise Imaging Network Platform

/CNW/ -- Based on its recent analysis of the North American cloud-based enterprise imaging market, Fr... See more »

Change Healthcare Videos

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Change Healthcare Headquarters

5995 Windward Parkway

Alpharetta, Georgia30005

1-615-932-3000

Driving Directions »

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Change Healthcare Summary

ABOUT

Overview

Change Healthcare is a SaaS-based firm that provides revenue cycle management and payment accuracy solutions for the healthcare industry. Change Healthcare was founded in 2005. Change Healthcare's headquarters is located in Alpharetta, Georgia, USA 30...

CEO

Change Healthcare's President & CEO, Neil E De Crescenzo, currently has an approval rating of 83%. Change Healthcare's primary competitors are Conifer Health, R1 RCM & WageWorks.

Frequently Asked Questions about Change Healthcare

  1. When was Change Healthcare founded?

    Change Healthcare was founded in 2005
  2. Who is Change Healthcare's CEO?

    Change Healthcare's CEO is Neil E De Crescenzo
  3. How much revenue does Change Healthcare generate?

    Change Healthcare generates $3.1B in revenue
  4. How much funding does Change Healthcare have?

    Change Healthcare has historically raised $591.9M in funding
  5. Where is Change Healthcare's headquarters?

    Change Healthcare's headquarters is in Alpharetta Georgia, USA
  1. How many employees does Change Healthcare have?

    Change Healthcare has 15,000 employees
  2. What sector does Change Healthcare operate in?

    Change Healthcare is in SaaS, Enterprise Software, Fintech
  3. Who are Change Healthcare's competitors?

    Change Healthcare's top competitors are Conifer Health, R1 RCM , WageWorks
  4. Who has Change Healthcare invested in?

    Change Healthcare's has invested in companies such as BEKHealth, MDsave