Athenahealth Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. Total revenue for the three months ended September 30, 2009, was $48.7 million, compared to $35.4 million in the same period last year, an increase of 37%. For the three months ended September 30, 2009, non-GAAP Adjusted EBITDA grew to $9.5 million, or 19% of revenue, from non-GAAP Adjusted EBITDA of $6.1 million, or 17% of revenue, in the same period last year. As previously announced, following the reversal of a valuation allowance against U.S. deferred tax assets in the fourth quarter of 2008, the Company's reported GAAP Net Income and non-GAAP Adjusted Net Income now reflect a full GAAP tax rate. Accordingly, non-GAAP Adjusted Net Income for the third quarter of 2009 was $5.0 million, or $0.14 per diluted share, compared to non-GAAP Adjusted Net Income of $4.8 million, or $0.14 per diluted share, in the same period last year. GAAP Net Income for the quarter was $2.1 million or $0.06 per diluted share, compared to GAAP Net Income of $3.7 million or $0.11 per diluted share in the same period last year. The company reported operating income of $4.499 million and income before income taxes of $4.416 million compared to the operating income of $3.403 million and income before income taxes of $3.778 million for the same period a year ago. For nine months, the company reported operating income of $13.320 million, income before income taxes of $14.117 million and net income of $7.479 million or $0.22 per diluted share on total revenue of $137.510 million compared to the operating income of $7.478 million, income before income taxes of $8.879 million and net income of $8.308 million or $0.24 per diluted share on total revenue of $98.156 million for the same period a year ago. The company reported adjusted EBITDA of $25.86 million compared to the adjusted EBITDA of $15.646 million for the same period a year ago. The company reported adjusted net income of $13.898 million or $0.40 per diluted share compared the adjusted net income of $11.77 million or $0.34 per diluted share for the same period a year ago. The company reported that net cash provided by operating activities of $21.535 million compared to the net cash provided by operating activities of $14.640 million for the same period a year ago. The company reported purchase of property and equipment of $6.616 million compared to the purchase of property and equipment of $11.483 million for the same period a year ago.

Athenahealth, Inc. expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on October 27, 2009).

Athenahealth Inc. announced that the Danbury Office of Physician Services (DOPS) has selected athenahealth's revenue cycle management service, athenaCollectorSM, for its 250 medical provider organization. DOPS, which is the owned physician network for Danbury Hospital, currently supports 20 medical and surgical specialties and serves residents of Western Connecticut and Southeastern New York. As part of athenahealth's software-enabled service (SeS), athenaCollector, athenahealth has built in a proprietary knowledge-base of payer reimbursement process rules, athenaRules. athenaRules acts as a proactive utility that will help guide DOPS medical providers and clinic staff away from making billing mistakes that impact operational performance and the overall patient experience.