Health tech firm Veradigm begins climbing out of years-long financial do-overs

May 27, 2026 - 20:45

The Chicago-based health technology company is showing early signs of recovery after a prolonged period of correcting its past financial reports. Veradigm reported total revenue of $594 million for 2024, a decline from $626 million in the prior year. The company also posted a net loss of $292 million in 2024, a sharp reversal from the net income of $49 million it recorded in 2023.

These numbers reflect the lingering impact of an accounting scandal that forced the company to restate years of earnings. The firm, which provides electronic health records and data analytics to doctors and hospitals, has been working to rebuild trust with investors and regulators. The revenue drop and the large net loss are tied to settlement costs, write-offs, and the expense of overhauling internal controls.

Despite the red ink, executives say the worst is behind them. The company has filed its delayed financial statements and is now focused on stabilizing operations. New leadership has been put in place, and Veradigm is trying to win back customers who grew wary during the turmoil. The path forward is still steep, but the company believes it has finally turned a corner after years of financial do-overs.