Athenahealth, a provider of medical record, revenue cycle, patient engagement, care coordination and population health services, plans to implement various strategic initiatives related to the company's finances and operations.
The Watertown, Mass.-based company said in a Tuesday announcement its board and management are conducting a strategic review to develop these initiatives, which
are meant "to sharpen its focus, generate cost savings and reinvest in its highest-value growth areas."
Athenahealth said the review involves a globally recognized consulting firm and has identified approximately $100 million in cost-savings opportunities "to increase profitability and drive growth." The company's plans also include improving operating margins in 2018 and beyond.
Athenahealth expects to provide additional information about the strategic initiatives by October, when it plans to release its third quarter 2017 earnings.