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CHNG Change Healthcare

Change Healthcare is a leading independent healthcare technology company, focused on insights, innovation and accelerating the transformation of the U.S. healthcare system through the power of the Change Healthcare Platform. The company provides data and analytics-driven solutions to improve clinical, financial, administrative, and patient engagement outcomes in the U.S. healthcare system.

Company profile

Ticker
CHNG, CHNGU
Exchange
CEO
Neil E. de Crescenzo
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Change Encircle, LLC • Change Healthcare Advocates, LLC • Change Healthcare Business Fulfillment, LLC • Change Healthcare Canada Company • Change Healthcare Communications, LLC • Change Healthcare Correspondence Services, Inc. • Change Healthcare Engagement Solutions, Inc. • Change Healthcare eRx Canada, Inc. • Change Healthcare Finance, Inc. • Change Healthcare HealthQx, LLC ...
IRS number
822152098

CHNG stock data

(
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Calendar

5 Aug 21
22 Oct 21
31 Mar 22
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Mar 21 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 109.1M 109.1M 109.1M 109.1M 109.1M 109.1M
Cash burn (monthly) 1.33M 5.77M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 4.99M 21.63M n/a n/a n/a n/a
Cash remaining 104.11M 87.47M n/a n/a n/a n/a
Runway (months of cash) 78.1 15.2 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Jun 21 Roe Phillip W. Common Stock Grant Acquire A No No 0 7,136 0 33,048
22 Jun 21 Robert Zollars Common Stock Grant Acquire A No No 0 7,136 0 33,048
22 Jun 21 Nagji Bansi Common Stock Grant Acquire A No No 0 7,136 0 31,622
22 Jun 21 Mckenzie Diana Common Stock Grant Acquire A No No 0 7,136 0 33,048
22 Jun 21 Pead Philip M Common Stock Grant Acquire A No No 0 7,136 0 94,984

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 273 280 -2.5%
Opened positions 35 97 -63.9%
Closed positions 42 72 -41.7%
Increased positions 89 61 +45.9%
Reduced positions 96 86 +11.6%
13F shares
Current Prev Q Change
Total value 18.51B 79.39B -76.7%
Total shares 937.44M 942.12M -0.5%
Total puts 1.03M 1.23M -16.2%
Total calls 246.7K 273K -9.6%
Total put/call ratio 4.2 4.5 -7.3%
Largest owners
Shares Value Change
UNH Unitedhealth 590.46M $10.77B 0.0%
BX Blackstone 59.62M $1.37B 0.0%
Blackstone Holdings III 59.62M $1.11B 0.0%
Vanguard 21.91M $504.77M +7.7%
Clarkston Capital Partners 19.1M $440.05M -1.0%
Abrams Capital Management 13.94M $321.27M +12.5%
JPM JPMorgan Chase & Co. 9.97M $229.75M -2.7%
BLK Blackrock 9.62M $221.55M -11.0%
Pentwater Capital Management 9.01M $207.49M -5.2%
Magnetar Financial 6.77M $155.9M -23.3%
Largest transactions
Shares Bought/sold Change
Camber Capital Management 2.35M -8.9M -79.1%
Park West Asset Management 5.8M +5.8M NEW
Omni Partners 0 -2.59M EXIT
Omni Partners US 2.36M +2.36M NEW
Magnetar Financial 6.77M -2.06M -23.3%
TIG Advisors 1.28M -1.97M -60.5%
SG Americas Securities 733.98K -1.95M -72.6%
GS Goldman Sachs 5.19M +1.84M +55.1%
Natixis 1.39M -1.63M -53.9%
Vanguard 21.91M +1.57M +7.7%

Financial report summary

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Management Discussion
  • Solutions revenue was $2,893.9 million for the year ended March 31, 2021. Factors affecting solutions revenue are described in the various segment discussions below.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: addressing, aforementioned, alleged, alleging, begun, challenging, Chancery, complaint, convened, court, Crescenzo, curfew, de, deadline, Del, Delta, demand, Description, dismissed, distribution, Document, documentary, DOJ, dollar, duly, duty, Eliasson, encourage, encouraging, entity, equivalent, fiduciary, File, filed, Fire, formatted, forward, Fredrik, furnished, herewith, holder, HSR, implied, inability, incorrect, Instance, instrument, Interactive, isolation, iXBRL, Justice, Label, lawsuit, Linkbase, misleading, Neil, onset, optimization, outcome, Page, pleading, prejudice, promulgated, pronouncement, prove, proxy, purported, putative, quarantine, refuse, Registrant, Registration, reinstituted, reopening, Reorganization, repurchase, requisite, Restated, Retirement, risky, Schema, stay, strike, Taxonomy, temporary, Tennessee, thereunder, thereunto, Township, Treasury, undersigned, underwriting, variant, violation, voluntarily, waiting, waiver, Waterford, wider, withholding
Removed: account, accreted, accreting, accretion, active, adjust, amendment, amortizable, amortized, anniversary, annuitized, annum, approximated, arrangement, asset, authorize, back, basic, began, billed, breached, bulk, bundle, capable, capitalized, capitalizing, caption, centric, classification, cliff, collectability, collected, comparability, compelling, complexity, component, concurrent, consist, consisted, constrained, contemplation, contingency, continued, continuity, contracted, contractor, conveyed, country, coverage, covered, creating, criteria, critical, criticality, cumulative, customization, customize, decided, decreasing, deemed, deficit, delivered, delivery, depending, depiction, determine, direct, disclose, discrete, discretely, dividend, drove, earn, earnout, education, employment, ending, enhance, establishing, estimating, exceeded, exchanged, exclude, exercisability, exit, expanded, expedient, experienced, expire, explained, faithful, final, finalization, finalize, Finally, finance, flexibility, forgo, fractional, frequency, fulfilled, function, functionality, gathered, globally, handling, hiring, home, hosted, hosting, hypothetical, identical, identification, impairment, implementation, implicit, imputed, incurred, individually, inflation, informative, input, installation, integrated, integration, invoicing, labor, lease, leased, license, lieu, mailing, marketed, McK, meaningful, meeting, minimal, modification, modified, moved, multiple, negative, negatively, noncontrolling, noted, notional, obligated, obtain, occurred, office, ongoing, opening, passage, periodically, permitting, perpetual, perpetuity, pervasive, physical, pool, possession, practice, preliminary, prepaid, pricing, printing, production, professional, proposed, prospectively, provisional, quoted, range, ranging, ratably, readily, ready, realized, recession, reclassification, recognizing, recover, redesignated, relate, remeasurement, renewal, rent, rental, repaid, replaced, requested, requirement, requiring, residual, retained, retrospective, reversal, Reverse, routinely, safety, satisfied, scale, schedule, selling, separate, separately, separation, shifted, single, solution, space, specific, spend, split, staffing, stand, standalone, step, stop, stranded, submit, Supplemental, supportable, surviving, suspended, swap, team, telehealth, traded, training, travel, treated, Trust, twelve, unchanged, unconditional, unvested, urgent, utility, variability, virtual, voting, weighted, welfare, work

Patents

APP
Utility
Medical Indication Determination Using Neural Network Prediction Engine
30 Sep 21
A method includes receiving first information associated with a patient, second information associated with a provider, and third information associated with an order; and determining, using a multi-layer neural network, a medical indication corresponding to the order responsive to receiving the first information, the second information, and the third information.
APP
Utility
Systems and Methods for Assigning Exams to Physicians
30 Sep 21
A system that actively matches supply (physicians, technicians, or other healthcare providers) with demand (exams) in hospitals, clinics and telemedicine environments is provided.
APP
Utility
Methods, Systems, and Computer Program Products for Dividing Health Care Service Responsibilities Between Entities
30 Sep 21
A method includes receiving information associated with health care services provided to a patient; determining for respective ones of the health care services respective probabilities that a first entity will refuse responsibility; associating a first portion of the health care services with the first entity; associating a second portion of the health care services with a second entity, the second portion of the health care services comprising respective ones of the health care services having probabilities that exceed a defined threshold; assigning responsibility for the first portion of the health care services to the first entity; and assigning responsibility for the second portion of the health care services to the second entity.
GRANT
Utility
System and method for dynamic transactional data streaming
21 Sep 21
A system and method for dynamic transactional data streaming are provided.
GRANT
Utility
Method and apparatus for defining a level of assurance in a link between patient records
7 Sep 21
A method, computing device and computer program product are provided to define a level of assurance in one or more links between patient records that relate to the same person based upon external information.