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  "documentTitle": "athenahealth, Inc. (ATHN)",
  "authorId": "04_Greenlight_Capital",
  "authorName": "David Einhorn",
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  "presentationDate": "2014-05-05 00:00:00",
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      "text": "And athena is a service business. Just listen to the CEO.",
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      "text": "To test the margin question we have to ask whether the business has a lot of operating leverage so that incremental revenues can flow through to the bottom line with few incremental expenses. Historically, software businesses have sometimes been able to do that because developing software has a fixed investment, and incremental licensees can come with low marginal costs. A service business, by definition, doesn't have that leverage. And athena is a service business. Just listen to the CEO.",
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      "text": "Source: The Health Care Blog interview with Matthew Holt on February 21, 2011 at HIMSS 2011",
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