According to a recent report by Zacks, Massachusetts based leading Electronic Health Records (EHR) Software Company Athenahealth, Inc. or ATHN has surpassed all the estimations in the last four quarters. For the ongoing quarter in 2018, the Electronic Medical Records (EMR) Software Company is predicted to gain from its team of strong management and its hardcore focus on its cloud-based services. However, aggressive competitors might act as a threat.
Last year, Athena stock gathered 1.2% compared to the decline of the industry by 8.9%. However, the S&P 500 index showed a rise of 9.3% which is lower than the present level.
Presently, Athena Inc. has scored an A (considered as the best score) in the Growth Score by Zacks, reflecting chances of outperformance in the long run.
Following are some of the major challenges faced by Athenahealth and the factors that guarantee a quick recovery.
Major Challenges faced by Athenahealth:
Athenahealth Electronic Medical Record (EMR) Company faces major competition from top EMR Vendors like Allscripts Healthcare Solutions (MDRX), Cerner Corporation (CERN) and others.
Especially, Cerner EMR Software Company, who is one of the two EHR vendors that is quickly gaining shares in the EMR Software market (particularly for practices of sizes ranging from medium to large). Cerner EHR Software offers integrating inpatient, ambulatory-care systems and long-lasting all-in-one solution to its users.
Factors that guarantee quick recovery:
The Cloud-based EMR Company is a key performer in the Healthcare IT (HCIT) universe. Some of the prominent platforms by Athena include athenaClinicals (the Electronic Medical Records (EMR) system) and athenaCollector. AthenaNet, which is Athena EHR’s cloud-based data network, alone has currently about 116,000 providers. By the end of the first quarter of 2018, Acute care community hospitals declared Athenahealth as their number one choice.
For the year 2018, Athenahealth anticipates revenues ranging from $1.34-$1.37 billion. The EMR company expects adjusted operating income ranging from $244-$270 million, up from $210-$235 million from last year.
Conclusion:
For the current quarter, the estimate for earnings as per the report is fixed at 98 cents, showing a year-over-year rise of 75% whereas, for revenues the estimate is fixed at $336.8 million, reflecting an increase by 10.6% from last year.
For the whole year 2018, the estimate for the revenue is pegged at $1.35 billion, showing a rise by 10.5% from the previous year whereas, for revenues is fixed at $4.19, reflecting a rise by 69% as compared to the last year.
