athenahealth Appoints Stephen Kahane, MD as President of Enterprise Services Group
Dedicated Post to Accelerate Business Opportunities with Enterprise and Large Hospital Clients
WATERTOWN, Mass. (February 18, 2011) – athenahealth, Inc. (NASDAQ: ATHN), a leading provider of web-based practice management, electronic health record (EHR), and patient communication services to medical groups, today announced the appointment of Stephen N. Kahane, MD, MS as President of the Company’s Enterprise Services Group. This is a new position created to accelerate the adoption of athenahealth’s cloud-based services in the critical enterprise and large hospital segment. Dr. Kahane will report directly to athenahealth CEO and Chairman, Jonathan Bush.
Dr. Kahane brings more than 30 years of experience on the front lines of care, as well as driving growth and profitability for a number of healthcare IT businesses. Most recently, Dr. Kahane led significant revenue growth and effected a successful sale as CEO of AMICAS, an image and information management solutions company. Dr. Kahane served as chief strategy officer and vice chairman of the board of VitalWorks, a company that became a leading provider of practice management and EHR software. Prior to that, he served as CEO of Datamedic, a healthcare technology company specializing in EHRs and practice management solutions.
Dr. Kahane holds an M.S. in computer science from Johns Hopkins and an M.D. from Emory University. He went on to become medical director and system development director of information at Johns Hopkins Medical Institution.
“athenahealth was built to disrupt the healthcare IT status quo and force innovation in an industry that has seen little forward-thinking and progression,” said Kahane. “I am excited by the Company’s prospects, particularly its opportunity to raise awareness and develop business among the enterprise client base. Management has a strong game plan and a team with dedicated focus that will put wind at our backs as organizations in this segment of the market looks to wring maximum value out of their IT investments.”
“We’ve made several moves to bolster our ability to identify, sell into, and service existing and prospective enterprise clients,” said Jonathan Bush. “Our resources are now concentrated so we can compete aggressively in this area of the physician market and we look confidently to Stephen to inspire a trusted team of world class advisers. He is well connected in healthcare, in healthcare IT, and has a record of rallying teams to create value for the marketplace and hitting aggressive growth goals.”
About athenahealth
athenahealth, Inc. is a leading provider of web-based business services for medical groups. athenahealth’s service offerings are based on proprietary web-native practice management and electronic health record (EHR) software, a continuously updated payer knowledge-base, integrated back-office service operations, and automated and live patient communication services. For more information, please visit www.athenahealth.com or call (888) 652-8200.
This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the benefits of, and prospective markets for, athenahealth’s service offerings. These statements are neither promises nor guarantees, and are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. In particular, the risks and uncertainties include, among other things: the risk that our service offerings will not operate in the manner that we expect, due to design flaws, security breaches, or otherwise; potential interruptions or delays in our internet-based service offerings; our reliance upon third parties, such as computer hardware, software, data-hosting, and internet infrastructure providers, which reliance may result in failures or disruptions in our service offerings; errors or omissions included in our payer and clinical intelligence rules engine and database; and the evolving and complex government regulatory compliance environment in which we and our clients operate. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. athenahealth undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances, or otherwise. For additional disclosure regarding these and other risks faced by athenahealth, please see the disclosure contained in our public filings with the Securities and Exchange Commission, available on the Investors section of our website at http://www.athenahealth.com and on the SEC’s website at http://www.sec.gov.
Source: athenahealth
