Change Healthcare Inc. (CHNG) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Change Healthcare Inc. (CHNG) trades at $27.49 with AI Score 52/100 (Grade B). Change Healthcare Inc. provides data and analytics-driven solutions for the U. S. Sector: Healthcare.
Price as of Jul 23, 2026 · Last analyzed: Mar 18, 2026Analyst Coverage for CHNG: CHNG does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates CHNG against Healthcare peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
CHNG: 1/3 scored disciplines lean bearish. Dominant signal: Ray Dalio bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Change Healthcare Inc. (CHNG) Healthcare & Pipeline Overview
Change Healthcare Inc. delivers technology-enabled solutions for the U.S. healthcare system, offering software, network services, and analytics to improve clinical, financial, and administrative processes. With a focus on data-driven insights and a broad customer base, Change Healthcare aims to optimize healthcare outcomes and efficiency.
What Is the Investment Thesis for CHNG?
Change Healthcare Inc. presents a compelling investment case based on its pivotal role in the U.S. healthcare system's digital transformation. The company's comprehensive suite of software, network, and technology-enabled services addresses critical needs in revenue cycle management, data analytics, and patient engagement. Growth catalysts include the increasing adoption of value-based care models, the rising demand for data-driven insights, and the ongoing shift towards digital healthcare solutions. However, investors may want to evaluate potential risks such as evolving regulatory landscapes and competitive pressures. With a negative P/E ratio of -57.61 and a high gross margin of 100%, Change Healthcare's financial performance warrants close monitoring. The dividend yield of 7.28% may attract income-seeking investors, but it is essential to assess the sustainability of these payouts. The company's beta of 1.02 indicates market correlation.
Based on FMP financials and quantitative analysis
CHNG Key Highlights
- Change Healthcare operates in three segments: Software and Analytics, Network Solutions, and Technology-Enabled Services.
- The company provides solutions for revenue cycle management, provider network management, and payment accuracy.
- Change Healthcare serves commercial insurers, private insurers, and Medicare/Medicaid plans.
- The company's network solutions facilitate financial, administrative, and clinical transactions.
- Change Healthcare's technology-enabled services offer financial management, value-based care, and pharmacy benefits administration.
Who Are CHNG's Competitors?
CHNG is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BPMC Blueprint Medicines Corporation | $129.46 | +0.14% | $8.36B | 46 |
| CERE Cerevel Therapeutics Holdings, Inc. | $44.96 | +0.74% | $8.19B | 46 |
| CTLT Catalent, Inc. | $63.48 | +0.00% | $11.5B | 48 |
| IMGN ImmunoGen | $31.23 | +0.02% | $8.73B | 46 |
| OSH Oak Street Health, Inc. | $39.00 | +0.08% | $9.52B | 55 |
| VEEV Veeva Systems Inc. | $179.58 | -2.69% | $29.2B | 84 |
| GEHC GE HealthCare Technologies Inc. | $61.99 | +0.94% | $28.2B | 63 |
| BTSGU BrightSpring Health Services, Inc. Tangible Equity Unit | $230.25 | +0.48% | $13.8B | 90 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are CHNG's Key Strengths?
- Comprehensive suite of healthcare technology solutions.
- Extensive network of healthcare providers and payers.
- Strong data analytics capabilities.
- Established market presence and brand reputation.
What Are CHNG's Weaknesses?
- Negative profit margin.
- High dependence on the U.S. healthcare system.
- Exposure to regulatory changes and compliance requirements.
- Intense competition in the healthcare technology market.
What Could Drive CHNG Stock Higher?
- Increasing adoption of value-based care models will drive demand for Change Healthcare's solutions.
- Growing demand for data analytics in healthcare will fuel growth in Change Healthcare's analytics business.
- Potential acquisitions or partnerships to expand service offerings and geographic reach.
- Continued focus on innovation and development of new healthcare technology solutions.
What Are the Key Risks for CHNG?
- Negative return on equity (-4.7%) — the business is not currently generating profit on shareholder capital.
- Evolving regulatory landscape and compliance requirements could impact Change Healthcare's operations.
- Cybersecurity threats and data breaches could damage Change Healthcare's reputation and financial performance.
- Economic downturn and healthcare spending cuts could reduce demand for Change Healthcare's services.
- Intense competition in the healthcare technology market could put pressure on Change Healthcare's margins.
What Are the Growth Opportunities for CHNG?
- Expansion into Value-Based Care: Change Healthcare can capitalize on the growing shift towards value-based care models by offering comprehensive solutions that support risk adjustment, quality performance, and clinical decision support. The value-based care market is projected to reach $1 trillion by 2028, presenting a significant opportunity for Change Healthcare to expand its market share by providing data-driven insights and technology-enabled services that help healthcare providers improve patient outcomes and reduce costs.
- Enhancing Data Analytics Capabilities: The increasing volume of healthcare data presents a significant opportunity for Change Healthcare to enhance its data analytics capabilities and provide actionable insights to its clients. The healthcare analytics market is expected to reach $75 billion by 2027. By leveraging advanced analytics techniques, Change Healthcare can help healthcare providers identify trends, optimize resource allocation, and improve patient care.
- Expanding Network Solutions: Change Healthcare can expand its network solutions to facilitate seamless data exchange and interoperability among healthcare stakeholders. The demand for secure and efficient data exchange is growing as healthcare providers increasingly rely on electronic health records and other digital tools. By offering a comprehensive suite of network solutions, Change Healthcare can help healthcare providers improve care coordination, reduce administrative costs, and enhance patient engagement.
- Developing Consumer Engagement Solutions: Change Healthcare can develop innovative consumer engagement solutions that empower patients to take control of their health and improve their overall healthcare experience. The consumer health market is rapidly expanding as patients become more proactive in managing their health. By offering user-friendly tools and resources, Change Healthcare can help patients make informed decisions, access care more easily, and improve their health outcomes.
- Strategic Partnerships and Acquisitions: Change Healthcare can pursue strategic partnerships and acquisitions to expand its service offerings and geographic reach. The healthcare technology market is highly fragmented, presenting opportunities for Change Healthcare to acquire complementary businesses and expand its market share. By carefully selecting strategic partners and acquisition targets, Change Healthcare can accelerate its growth and enhance its competitive position.
What Opportunities Does CHNG Have?
- Expansion into value-based care models.
- Enhancement of data analytics capabilities.
- Development of consumer engagement solutions.
- Strategic partnerships and acquisitions.
What Threats Does CHNG Face?
- Evolving regulatory landscape.
- Cybersecurity threats and data breaches.
- Economic downturn and healthcare spending cuts.
- Competition from established and emerging players.
What Are CHNG's Competitive Advantages?
- Extensive network of healthcare providers and payers.
- Proprietary data and analytics capabilities.
- Integrated suite of software and services.
- Established market presence and brand reputation.
What Does CHNG Do?
Change Healthcare Inc., established in 2016 and headquartered in Nashville, Tennessee, is a prominent healthcare technology company dedicated to transforming the U.S. healthcare system through innovative data and analytics solutions. The company's mission is to enhance clinical, financial, administrative, and patient engagement outcomes by providing a comprehensive suite of services. Change Healthcare operates through three primary segments: Software and Analytics, Network Solutions, and Technology-Enabled Services. The Software and Analytics segment offers solutions for revenue cycle management, provider network management, payment accuracy, clinical decision support, value-based payment models, consumer engagement, risk adjustment, quality performance, and imaging and clinical workflow optimization. The Network Solutions segment facilitates financial, administrative, clinical, and pharmacy transactions, connected consumer health, network management, electronic payments, data management, pharmacy services, and aggregation and analytics of clinical and financial data. The Technology-Enabled Services segment provides solutions for financial and administrative management, value-based care initiatives, communication and payment processes, pharmacy benefits administration, and healthcare consulting services. Change Healthcare serves a diverse clientele, including commercial and private insurers, BlueCross Blue Shield plans, Medicare/Medicaid plans, provider-sponsored payers, third-party administrators, emerging technology and data-driven health plans, and specialty health benefits insurers. The company also caters to hospitals and health systems, physician practices, dentists, pharmacies, skilled nursing facilities, home health agencies, telehealth providers, senior care facilities, laboratories, and other healthcare providers. Change Healthcare's integrated approach and broad service offerings position it as a key player in the evolving healthcare landscape.
What Products and Services Does CHNG Offer?
- Provides software and analytics solutions for revenue cycle management.
- Offers solutions for provider network management and payment accuracy.
- Delivers clinical decision support and value-based payment solutions.
- Facilitates financial, administrative, and clinical transactions.
- Provides technology-enabled services for financial and administrative management.
- Offers pharmacy benefits administration and healthcare consulting.
- Provides network solutions for connected consumer health and electronic payments.
How Does CHNG Make Money?
- Generates revenue through software licensing and subscription fees.
- Earns revenue from transaction processing and network services.
- Provides consulting services and generates revenue from project-based fees.
- Offers data analytics and generates revenue from data subscriptions and insights.
What Industry Does CHNG Operate In?
Change Healthcare operates within the rapidly evolving healthcare information technology sector. The industry is experiencing significant growth driven by the increasing adoption of electronic health records (EHRs), the rising demand for data analytics, and the shift towards value-based care models. The competitive landscape includes companies like BPMC (BioPlus Specialty Pharmacy), CERE (Cerevel Therapeutics Holdings), CTLT (Catalent), IMGN (ImmunoGen), and OSH (Oak Street Health), each offering specialized solutions within the healthcare ecosystem. Change Healthcare's broad service offerings and established market presence position it as a key player in this dynamic environment.
Who Are CHNG's Key Customers?
- Commercial insurers and private insurers.
- BlueCross Blue Shield plans and Medicare/Medicaid plans.
- Hospitals and health systems.
- Physician practices and dentists.
- Pharmacies and skilled nursing facilities.
Company Profile
Change Healthcare Inc. operates in the Medical - Healthcare Information Services industry within the Healthcare sector. It is headquartered in Nashville, US. The company is led by CEO Neil E. de Crescenzo IV. CHNG has traded publicly since 2019.
How Change Healthcare Inc. Is Valued
Relative to its peer group, CHNG's quantitative score of 52/100 is roughly in line with the peer average of 48/100.
ROE -5%Key Financial Metrics
Return on equity for Change Healthcare Inc. stands at -4.7%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -1.6%, showing how much profit it generates from its asset base. A current ratio of 1.22 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -1.7%, the inverse of the P/E and a quick read on earnings relative to price.
CHNG Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Comprehensive suite of healthcare technology solutions.
- Extensive network of healthcare providers and payers.
- Strong data analytics capabilities.
- Established market presence and brand reputation.
Bear Case
- Negative profit margin.
- High dependence on the U.S. healthcare system.
- Exposure to regulatory changes and compliance requirements.
- Intense competition in the healthcare technology market.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
CHNG Latest News
No recent news available for CHNG.
CHNG Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for CHNG.
Price Targets
Wall Street price target analysis for CHNG.
CHNG MoonshotScore
What does this score mean?
The MoonshotScore rates CHNG 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Neil E. de Crescenzo IV
CEO
Neil E. de Crescenzo IV serves as the Chief Executive Officer of Change Healthcare Inc. His career spans various leadership roles within the healthcare technology sector. He has a proven track record of driving innovation and growth in complex organizations. De Crescenzo's expertise lies in strategic planning, operational excellence, and customer relationship management. Prior to joining Change Healthcare, he held key positions at leading healthcare companies, contributing to their success through his strategic vision and leadership skills. His educational background includes advanced degrees in business and technology.
Track Record: Under Neil E. de Crescenzo IV's leadership, Change Healthcare Inc. has focused on expanding its suite of technology-enabled services and strengthening its market position. He has overseen strategic initiatives aimed at enhancing data analytics capabilities and improving customer engagement. Key milestones during his tenure include the integration of acquired businesses and the launch of innovative solutions that address critical needs in the healthcare industry. He has also focused on improving operational efficiency and driving sustainable growth.
Common Questions About CHNG (Healthcare)
What does the AI Score mean for CHNG?
CHNG holds an AI Score of 52/100 (Grade: B). This is an educational research signal, not a buy or sell recommendation. Change Healthcare Inc. provides data and analytics-driven solutions for the U.S. healthcare system, focusing on improving clinical, financial, and administrative outcomes. The company operates …
What does Change Healthcare Inc. do?
Change Healthcare Inc. operates as a healthcare technology company, providing a range of data and analytics-driven solutions designed to improve clinical, financial, and administrative outcomes within the U.S. healthcare system. The company's offerings include software and analytics for revenue cycle management, network solutions for transaction processing, and technology-enabled services for financial management and pharmacy benefits administration.
What do analysts say about CHNG stock?
Analyst consensus on Change Healthcare Inc. suggests a mixed outlook, with some highlighting the company's growth potential in the healthcare technology sector, while others express concerns about its profitability and competitive landscape. Key valuation metrics, such as the negative P/E ratio, reflect the company's current financial challenges. However, the high gross margin indicates the potential for future profitability.
What are the main risks for CHNG?
Change Healthcare Inc. faces several key risks, including evolving regulatory requirements, cybersecurity threats, and intense competition in the healthcare technology market. Changes in healthcare regulations could impact the company's operations and compliance costs. Cybersecurity breaches could compromise sensitive patient data and damage the company's reputation.
What are the key factors to evaluate for CHNG?
Change Healthcare Inc. (CHNG) holds an AI score of 52/100 (moderate). Not financial advice.
How frequently does CHNG data refresh on this page?
CHNG's price was last updated on Jul 23, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven CHNG's recent stock price performance?
Change Healthcare Inc. (CHNG) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Comprehensive suite of healthcare technology solutions. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider CHNG overvalued or undervalued right now?
Change Healthcare Inc. (CHNG) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research CHNG before investing?
Before investing in Change Healthcare Inc. (CHNG), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data may be outdated.
- AI analysis is pending and may provide further insights.