Athena Shares Lift after issuing a delayed 4Q earnings report. Athena Health trades on the “NASDAQ” under the stock symbols “ATHN”. For the Latest information regarding “ATHN”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Shares of Athena Health Inc. (NASDAQ:ATHN) climbed Tuesday, a day after the clinical software maker issued a delayed fourth-quarter earnings report.
The Massachusetts Company had been scheduled to report results last month but delayed so it could finish an audit and review the way it records deferred revenue from service implementation.
Athena Health reaffirmed its results from the year 2005 through the first three quarters of 2009 following the audit. The company decided to repay its service completion revenue over a period of 12 years, which reflects the amount of time it expects to do business with a new customer, rather than one year, which is the normal length for an initial contract.
About Athena Health Inc:
Athena Health, Inc. engages in the provision of Internet-based business services for physician practices in the United States. The company principally offers Athena Collector, a revenue cycle management service that automates and manages billing-related functions for physician practices and includes a practice management platform. Athena Collector assists the company’s physician clients with the handling of claims and billing processes to help submit claims. It also provides Athena Clinicals, a clinical cycle management service that automates and manages medical record management-related functions for physician practices and includes an EMR platform. Athena Clinicals assists medical groups with the handling of physician orders and related inbound and outbound communications to ensure that orders are carried out and to provide online patient clinical record. In addition, Athena Health offers automated messaging services that remind patients of appointment details and allow them to use that automated system to confirm or reschedule the appointment or to speak with a live operator. The company was formerly known as athenahealth.com, Inc. and changed its name to Athena Health, Inc. in 2000. Athena Health was founded in 1997 and is headquartered in Watertown, Massachusetts.
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