Athena Health Inc Q3 2009 Earnings Call Transcript

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2009-10-30 12:51:09.0

Tags: Adobe GoLive, Advertisement, Board, Call Transcript, Quarter, Earnings, Corporate Governance, Sales Strategy, Business Operations, Corporate Law, Sales, Seeking Alpha, Athenahealth Inc.

Question-and-Answer Session

Operator

(Operator Instructions) Your first question comes from Constantine Davides - JMP Securities.

Constantine Davides - JMP Securities

Just wondering on the enterprise agreements you have signed and disclosed, I’m just wondering what’s out there that you haven’t announced, it sounds like Christi is coming on board or came on board October 1. What’s out there that’s been announced that hasn’t come on board and what’s the expectation around timing of those GoLive?

Carl Byers

Constantine, this is Carl. I can address that. With our announcement this morning of the regional health’s deal there are a few important deals that are lined up that really provide anchors in each quarter for doc ads going forward.

So the fourth quarter as I just mentioned, Caritas Christi went live, all of Caritas Christi went live on October 1. Cook Children’s is slated for the first quarter of next year, and we do not have specific GoLive dates yet for Danbury or Regional, but given the typical timeframe for that type of account, you would expect them on average to be going live in the second quarter.

So I think what these deals do is give some significant visibility on doc ads in terms of providing a foundation for each quarter to support the type of doc ads that are needed to bring about growth commitments that we’ve made and that we expect of ourselves.

Constantine Davides - JMP Securities

Okay, and then it looks like pretty strong progress on the clinicals front. Can you just give us a sense for maybe what a realistic expectation is for Clinicals across, so maybe in 2010 and Jonathan are you seeing any indication that Clinicals light offering is starting to translate into full clinical sales at this point?

Jonathan Bush

Constantine, do you mean the Anodyne offering, because that’s not clinical.

Constantine Davides - JMP Securities

I mean I am sorry, the five stage workflow that you have lit up for your clients?

Jonathan Bush

I see. So I don’t know whether it’s the government guarantee or just the government noise or if it was the five stage visit or if it was the factor that our own sales force has gotten out of their cautious toe in the water stage which they are always in before they kind of really start to stand behind something we do.

Anyway, it’s one of those things because it’s happening in a lot of volume and we are up against our capacity with implementation. So, we will be investing heavily in making the implementation process more scalable in order to be able to grow even more there.

 

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