SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* GENERAL ATLANTIC LLC (Last) (First) (Middle) C/O GENERAL ATLANTIC SERVICE COMPANY,LLC 3 PICKWICK PLAZA (Street) GREENWICH CT 06830 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Emdeon Inc. [ EM ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) X Other (specify below) See remarks
	3. Date of Earliest Transaction (Month/Day/Year) 08/17/2009
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A common stock	08/17/2009		S		10,905,362	D	$15.5	23,151,726	I	See footnotes(1)(2)(8)
Class A common stock	08/17/2009		S		4,163,064	D	$15.5	11,607,764	I	See footnotes(3)(8)
Class A common stock	08/17/2009		S		927,438	D	$15.5	2,901,766	I	See footnotes(4)(8)
Class A common stock	08/17/2009		S		237,607	D	$15.5	633,478	I	See footnotes(5)(8)
Class A common stock	08/17/2009		S		10,826	D	$15.5	45,121	I	See footnotes(6)(8)
Class A common stock	08/17/2009		S		1,299	D	$15.5	10,119,098	I	See footnotes(7)(8)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* GENERAL ATLANTIC LLC (Last) (First) (Middle) C/O GENERAL ATLANTIC SERVICE COMPANY,LLC 3 PICKWICK PLAZA (Street) GREENWICH CT 06830 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) See remarks

1. Name and Address of Reporting Person* GENERAL ATLANTIC PARTNERS 83, L.P. (Last) (First) (Middle) C/O GENERAL ATLANTIC SERVICE COMPANY,LLC 3 PICKWICK PLAZA (Street) GREENWICH CT 06830 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) See remarks

1. Name and Address of Reporting Person* General Atlantic Partners 84, L.P. (Last) (First) (Middle) C/O GENERAL ATLANTIC SERVICE COMPANY,LLC 3 PICKWICK PLAZA (Street) GREENWICH CT 06830 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) See remarks

1. Name and Address of Reporting Person* GAP-W, LLC (Last) (First) (Middle) C/O GENERAL ATLANTIC SERVICE COMPANY,LLC 3 PICKWICK PLAZA (Street) GREENWICH CT 06830 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) See remarks

1. Name and Address of Reporting Person* GAP COINVESTMENTS III LLC (Last) (First) (Middle) C/O GENERAL ATLANTIC SERVICE COMPANY,LLC 3 PICKWICK PLAZA (Street) GREENWICH CT 06830 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) See remarks

1. Name and Address of Reporting Person* GAP COINVESTMENTS IV LLC (Last) (First) (Middle) C/O GENERAL ATLANTIC SERVICE COMPANY,LLC 3 PICKWICK PLAZA (Street) GREENWICH CT 06830 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) See remarks

1. Name and Address of Reporting Person* GAP Coinvestments CDA, L.P. (Last) (First) (Middle) C/O GENERAL ATLANTIC SERVICE COMPANY,LLC 3 PICKWICK PLAZA (Street) GREENWICH CT 06830 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) See remarks

1. Name and Address of Reporting Person* GENERAL ATLANTIC GENPAR, L.P. (Last) (First) (Middle) C/O GENERAL ATLANTIC SERVICE COMPANY,LLC 3 PICKWICK PLAZA (Street) GREENWICH CT 06830 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) See remarks

Explanation of Responses:

1. On August 17, 2009, the issuer completed the initial public offering of its Class A common stock (the "IPO"). The number of shares of Class A common stock reported represents the number of shares sold by the applicable reporting persons in the IPO.

2. By General Atlantic Partners 83, L.P. ("GAP 83").

3. By GAP-W, LLC ("GAP-W").

4. By GAP Coinvestments III, LLC ("GAPCO III").

5. By GAP Coinvestments IV, LLC ("GAPCO IV").

6. By GAP Coinvestments CDA, L.P. ("GAPCO CDA").

7. By General Atlantic Partners 84, L.P. ("GAP 84").

8. General Atlantic, LLC ("General Atlantic") is the general partner of General Atlantic GenPar L.P., which is the general partner of GAP 83, GAP 84 and the Manager of GAP-W. General Atlantic is also the general partner of GAPCO CDA. The managing members of GAPCO III and GAPCO IV are Managing Directors of General Atlantic.

Remarks:

Each of the reporting persons may be deemed to be a member of a "group" for purposes of the Securities Exchange Act of 1934. Each reporting person disclaims beneficial ownership of any securities deemed to be owned by the group that are not directly owned by the reporting person. This report shall not be deemed an admission that the reporting persons are a member of a group or the beneficial owner of any securities not directly owned by the reporting person.

	/s/ Thomas Murphy	08/17/2009
	/s/ Thomas Murphy	08/17/2009
	/s/ Thomas Murphy	08/17/2009
	/s/ Thomas Murphy	08/17/2009
	/s/ Thomas Murphy	08/17/2009
	/s/ Thomas Murphy	08/17/2009
	/s/ Thomas Murphy	08/17/2009
	/s/ Thomas Murphy	08/17/2009
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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