Athenahealth, Inc. ( ATHN ) reached its
52-week high of $99.79 on Mar 15, 2013 riding on its impressive
growth through acquisitions, collaborations and performance. In a
few days after its takeover of Epocrates, a pioneer of mobile
health workflows and POC health apps, the company formed a new
strategic alliance with iTriage.
This agreement intends to bring awareness about medical problems
and nearby treatment by connecting Athenahealth's 40,000 health
care providers with iTriage's 8 million consumers.
iTriage provides Symptom-to-Provider pathway through platform
and mobile/website applications that enable users to customize
health-care treatment accordingly.
Under this agreement, not only will iTriage provide information
to patients' about medical needs and available care but will help
them by providing tools such as booking appointments, finding cause
for illness and symptoms. This partnership between Athenahealth and
iTriage will enable providers and patients to get in touch quickly
for treatment through the Internet or the iTriage app.
This collaboration with iTriage is a part of Athenahealth's More
Disruption Please (MDP) agreements. MDP is an innovative program,
introduced by the company, which aims at improving patient care.
This program together with the company's expertise will help
patients and providers through a constantly changing healthcare
The composite company is well placed to bring to market fresh
mobile workflows to meet the data requirements of clinicians.
Furthermore, Athenahealth's provider network of 40,000 now
encompasses over a million clinicians from the Epocrates set
The acquisition will enable Athenahealth to increase its user
network as Epocrates currently serves over a million healthcare
professionals, including 330,000 physicians in the U.S. Further,
the buyout will enhance brand awareness for Athenahealth as
Epocrates is recognized by 90% of physicians in the U.S.
However, Athenahealth will likely face headwinds in the form of
spending cuts starting Apr 1. Competition is fierce from peers like
Allscripts ( MDRX ) and
Cerner ( CERN ).
Athenahealth is also geared to enter the enterprise segment
through its strategic alliance with Microsoft ( MSFT ) and the
acquisition of Proxsys, both completed in 2011. The company has
recently signed and executed several enterprise-sized deals, which
provide it with a credible and referenceable client base.
Currently Athenahealth carries a Zacks Rank #3 (Buy) along with
its peers Allscripts and Cerner.ATHENAHEALTH IN (ATHN): Free Stock Analysis
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