Fierce Health Payer November 5, 2020
Heather Landi

A rebound in healthcare utilization and new technology bookings helped Change Healthcare to achieve better-than-expected results in the third quarter of 2020.

The Nashville-based healthcare technology company reported revenue of $756 million in its second fiscal quarter ending September 30. Quarterly revenue was down 5% from revenue of $796 million during the same period last year.

The company reported a loss of $43 million and an earnings loss of 13 cents per share in its second fiscal quarter. In the same period a year ago, Change Healthcare had a net loss of $100,000 and zero cents per share.

Adjusted net income was $104 million, and earnings, adjusted for nonrecurring costs and stock option expense came to 32 cents per diluted share.

But revenue…

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2020-11-05T23:03:29-05:00