Change Healthcare, Inc.

Change Healthcare is a healthcare technology company that provides innovative solutions designed to enhance operational efficiency and improve patient care within the healthcare ecosystem. Founded in 2017, Change Healthcare, based in Nashville, US, delivers healthcare technology solutions to optimize healthcare operations. The company was co-founded by Dimitar Dzhutev, Ira Varshavsky, Jordan Cooper, Shihab Babu, Syed Irfan, and Wayne Cooper. Ahmad Awad currently serves as the CEO, overseeing the company's strategic direction.

Change Healthcare is now part of Optum, reflecting a significant evolution in its business strategy. Change Healthcare, now part of Optum, offers a comprehensive suite of healthcare technology and business solutions designed to optimize operational efficiencies within the healthcare ecosystem. The company’s core offerings include advanced data analytics, financial solutions, and patient access services that leverage real-world data to generate actionable insights for healthcare providers, payers, and patients alike. By creating a unified system, Change Healthcare aims to lower healthcare costs and improve the overall patient journey through integrated services tailored to enhance medication adherence and expand access to care.

The company primarily serves healthcare providers, payers, and employers across multiple geographical markets, including the United Kingdom, Ireland, and Australia, reflecting its commitment to a global reach in improving health outcomes. Change Healthcare generates revenue through a multifaceted transactional structure involving business-to-business partnerships with healthcare providers and payers. Clients engage with the company through subscription-based models for access to its data analytics and financial solutions, which facilitate streamlined administrative processes and payment transactions. The company also offers consulting services designed to guide organizations in transformational change and growth.

Flagship products include proprietary solutions that enhance operational efficiency and drive cost savings, although specific pricing plans for these services are not disclosed. The revenue model emphasizes long-term relationships built on delivering value through technological innovation and expertise in healthcare management.