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Veradigm Inc.

veradigm.com

What Do They Do?

Provides electronic health records, practice management and revenue cycle tools for physician practices, along with data, analytics and advertising services for health plans and life science companies.

How Do They Make Money?

Customers pay for software licenses when delivered, while support, software subscriptions and hosting are paid over a contract term. Data sets and advertising impressions are paid for when delivered, and research and other services are billed as work progresses.

FY2024 revenue

Who Are Their Customers?

Physician practices buy clinical, financial and administrative software and services; health plans buy data systems and related services. Pharmaceutical companies buy data and research products, while life science and other healthcare companies use the advertising business.

Do Revenues Turn Into Profits?

No. It lost $291.5M in FY2024.

Operating income, FY2024
−33% of revenue
▼ Now a loss vs FY2023 ($34.7M, 6%)
Net income, FY2024
−49% of revenue
▼ Now a loss vs FY2023 ($49.2M, 8%)
Free cash flow, FY2024
−4% of revenue
▼ Now a loss vs FY2023 ($97.3M, 16%)

How Are They Changing?

Flat. Revenue was $594.4M in FY2024, about the same as the $556.1M of FY2020.

Shift toward physician practices The older report describes EHRs for hospitals and health systems as well as practices; the latest report centers Provider on physician practices after the sale of the hospitals and large physician practice business.

Who Do They Compete With?

Competes with AdvancedMD, Advantmed, Aetion, Altera, Apixio, athenahealth, Availity, CareCloud, Clarivate, ConnectiveRx, CorEvitas, Cotiviti, CPSI, DoseSpot, DrChrono, DrFirst, eClinicalWorks, Edifecs, Elation Health, and Enli Health Intelligence

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