Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Lehrer Arthur
 2. Date of Event Requiring Statement (Month/Day/Year)
02/15/2007		 3. Issuer Name and Ticker or Trading Symbol
EMDEON CORP [HLTH]
(Last)
(First)
(Middle)
669 RIVER DRIVE, CENTER 2		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President & CEO, ViPS
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

ELMWOOD PARK, NJ 07407		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 41,081 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) 08/11/2005(2) 08/11/2014 Common Stock 125,000 $ 7.27 D  
Stock Option (Right to Buy) 02/10/2007(2) 02/10/2016 Common Stock 50,000 $ 9.17 D  
Stock Option (Right to Buy) 06/06/2007(2) 06/06/2016 Common Stock 140,000 $ 11.6 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lehrer Arthur
669 RIVER DRIVE, CENTER 2
ELMWOOD PARK, NJ 07407		       President & CEO, ViPS  

Signatures

Lewis H. Leicher, Attorney-in-Fact for Arthur Lehrer 02/21/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Includes 10,000 shares of restricted stock granted on 02/10/2006 of which 3,333 shares have vested, 3,333 shares are scheduled to vest on 02/10/2008 and 3,334 shares are scheduled to vest on 02/10/2009 and includes 30,000 shares of restricted stock granted on 06/06/2006 of which 10,000 shares are scheduled to vest on each of 06/06/2007, 06/06/2008 and 06/06/2009.
(2) 25% of the shares underlying the option are scheduled to vest on each of the first, second, third and fourth anniversary of the date of grant (full vesting on the fourth anniversary of the grant date).

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