ORLANDO, Fla., Feb. 27, 2008 (PRIME NEWSWIRE) -- athenahealth, Inc. (Nasdaq:ATHN), a leading provider of internet-based business services for physician practices, today announced at the Annual Healthcare Information and Management Systems Society (HIMSS) Conference & Exhibition, in Orlando, Florida, that Community Health Systems, Inc. (CHS) (NYSE:CYH), one of the nation's leading operators of general acute-care hospitals, will replace its current practice management and billing systems with athenahealth's centrally-hosted, on-demand practice management and billing service, athenaCollector(sm), for its largest corporate physician organization of more than 300 medical providers.
CHS currently owns or operates more than 125 hospitals in 28 states. CHS has also formally endorsed athenahealth as its preferred practice management and billing service for its national physician organization consisting of over 2,000 medical providers. Along with CHS's corporate physician organization, 13 additional CHS locations have or are in the process of deploying athenahealth's practice management and billing services to their physicians.
"We are thrilled that our national physician network will now act as key resource for CHS' ambulatory connectivity strategy," said Jonathan Bush, Chairman and CEO of athenahealth. "The athenaNet platform will allow CHS physicians across the nation to improve their practice's operational workflow and maximize collections."
About Community Health Systems, Inc.
Located in the Nashville, Tennessee, suburb of Franklin, Community Health Systems, Inc. is the largest publicly-traded hospital company in the United States and a leading operator of general acute care hospitals in non-urban and mid-size markets throughout the country. Through its subsidiaries, the Company currently owns, leases or operates 126 hospitals in 28 states and one in Ireland, with an aggregate of approximately 18,800 licensed beds. Its hospitals offer a broad range of inpatient medical and surgical services, outpatient treatment and skilled nursing care. In addition, through its QHR subsidiary, the Company provides management and consulting services to independent general acute care hospitals located throughout the United States. Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange under the symbol "CYH."
athenahealth is the leading provider of internet-based business services for physician practices. The Company's service offerings are based on proprietary internet-based practice management and electronic medical record (EMR) software, a continuously updated payer knowledge-base and integrated back-office service operations. For more information 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 Private Securities Litigation Reform Act of 1995, including statements regarding the benefits of the 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 services 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 services 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, Inc. 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, Inc., see the disclosure contained in our public filings with the Securities and Exchange Commission and available on its investor relations website at http://www.athenahealth.com and on the SEC's website at http://www.sec.gov, including athenahealth's most recent Quarterly Report on Form 10-Q for the quarter ended September 30, 2007.
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