Change Healthcare Inc. Reports First Quarter Fiscal 2020 Financial Results
Change Healthcare Inc. (CHNG)
Last change healthcare inc. earnings: 2/12 04:15 pm
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Source: Business Wire
NASHVILLE, Tenn.--(BUSINESS WIRE)--Change Healthcare Inc. (Nasdaq: CHNG), a leading independent healthcare technology company, today reported financial results for Change Healthcare LLC (“Change Healthcare”) for the first quarter of fiscal year 2020 ended June 30, 2019.“Change Healthcare delivered on our financial objectives and executed well across several strategic initiatives, advancing existing and new innovative solutions,” said Neil de Crescenzo, President and Chief Executive Officer. “The success of our initial public offering places us in a strong financial position to support our growth initiatives. Our comprehensive suite of software and analytics, technology-enabled services, and network solutions places us in a unique position to partner with payers and providers to reduce costs, improve quality, and continue to transition towards value-based care.”Adoption of the New Revenue Recognition Standard - ASC 606Change Healthcare adopted the new revenue recognition accounting
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