Athenahealth shares fall 20 percent in trading Friday following its report of Q1 results. In its earnings call, CFO Karl Stubelis said that lower than anticipated claims and collections volumes, more aggressive sales promotions, and slower on boarding of clients were the primary drivers of revenue falling below expectation.
Meditech reports Q1 results: revenue remained flat at $117 million, EPS $0. vs. $0.51. Net income has dropped 23 percent compared to the same period last year, while dividends paid per share has remained level.
On Cerner’s Q1 earnings call, CFO Marc Naughton reports that strong software license sales and technology resale drove its quarterly revenue up 11 percent to $1.26 billion.
University of Utah Health Care System CEO Vivan Lee resigns following an incident in which she fired the director of the health system’s cancer institute via email. Lee has also been caught in the fallout from a recent STAT news investigation on NantHealth exposing questionable donations coming from Patrick Soon-Shiong, MD, passing through University of Utah Health Care System, and then almost entirely returning to NantHealth.