Athenahealth Jumping As

Shares of athenahealth, Inc. ATHN are jumping today on news that University Hospitals (UH), one of the nation's largest community-based health systems, will use athenahealth's cloud-based practice management and medical billing service. “The results we have achieved to date with athenaCollector were the impetus for us selecting athenahealth's revenue cycle management services for our academic medical center,” said Michael Nochomovitz, MD, President of University Health Physician Services. “Already, athenaCollector has significantly increased our revenue cycle performance for our providers at lower cost to our system and allowed our organizations to leverage an extremely powerful, unified network that operates with intelligence, transparency and connectivity that allows our care givers to wade through administrative complexity and make better informed decisions. athenahealth is a great example of UH's investments in innovative IT solutions that make the individual physician, and the collective whole of the system, more efficient.” Jonathan Bush, athenahealth's Chairman and CEO commented, “Because it operates in the cloud, our service offering grows more valuable as more intelligence and experience is populated into it. In deploying athenaCollector across a wider base of provider groups within UH, more value and better results can be extracted and applied.” Bush continued, “It is always gratifying to win new business with such a well-established, highly respected and forward-looking system like UH. It is especially gratifying when you are selected by a client who knows your competition and the industry landscape so well.” At last check, shares were up $1.62 to $43.68, a gain of 3.8% on 370,000 shares.