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Change Healthcare Inc. (CHNG) provides data and analytics-driven solutions to enhance clinical, financial, administrative, and patient engagement outcomes in the United States healthcare system.
It operates through three segments: Software and Analytics, Network Solutions, and Technology-Enabled Services.
The Software and Analytics segment offers software and analytics solutions for financial performance, payment accuracy, clinical decision management, value-based payment, provider and consumer engagement, and imaging and clinical workflow.
The Network Solutions segment enables financial, administrative, and clinical transactions; electronic business-to-business and consumer-to-business payments; and aggregation and analytics of clinical and financial data.
The Technology-Enabled Services segment provides solutions for financial and administrative management, value-based care, communication and payment, pharmacy benefits administration, and healthcare consulting.
Shares are on the verge of breaking out of their bullish "cup and handle." On November 4th, the company reported 2nd Quarter September 2020 earnings of $0.28 per share on revenue of $755.9 million. The consensus earnings estimate was $0.22 per share on revenue of $741.1 million. The company said it expects third quarter non-GAAP earnings of $0.28 to $0.33 per share on revenue of $725.0 million to $745.0 million.
Entry Point: $18.35
Trading Range: $6.18 to $18.47
Stop Loss: $17.40
Target Price: $20.19
CHNG closed at $23.86
