Claims clearinghouse and revenue cycle management software vendor Emdeon Business Services increased revenue during the third quarter of 2009, but various costs put it in the red.

The Nashville, Tenn.-based vendor had a net loss of $7.2 million for the quarter following equity compensation expenses of $12.6 million, primarily related to its August initial public offering of stock, and a modest income tax expense related to its capital structure and valuation allowances. That compares with a $1.2 million loss during the same period a year ago. Absent the expenses, Emdeon had adjusted net income of 21 cents per share, beating investment analyst expectations of 19 cents.

Register or login for access to this item and much more

All Health Data Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access