After Whittier, Calif.-based non-profit healthcare provider
PIH Health, it is now Pennsylvania-based Heritage Valley Health
System, which has implemented
Allscripts Healthcare Solutions
) Sunrise. The community-based healthcare system Heritage Valley
will implement Sunrise at its Beaver and Sewickley campus.
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Heritage Valley Health System has already used Allscripts
ambulatory electronic health record ("EHR") system for seven
years as well as Sunrise Access Manager and Sunrise Patient
From now on, Heritage Valley will also be able to use
Computerized Provider Order Entry ("CPOE"), integrated pharmacy,
bar-code medication administration, a patient portal and acute
and critical care solutions provided by Sunrise. Within three
months of going live on the Sunrise EHR, Heritage Valley Health
System successfully attested for Meaningful Use stage 1.
Recently, PIH Health revealed that it has chosen Allscripts
Healthcare Solutions' Sunrise suite as the EHR system for its
recently acquired 199-bed care facility in Downey, renamed as PIH
Health Hospital - Downey.
The reason behind choosing Allscripts Healthcare Solutions'
Sunrise suite is its integrated, interoperable and innovative
care coordination, open platform and population health
PIH Health operates two hospitals, a number of outpatient medical
offices, a multi-specialty medical group, and home health and
hospice care. It looks after more than 1.5 million people
residing in the Los Angeles and Orange County, and San Gabriel
Apart from PIH Health, Appalachian Regional Healthcare System in
the High Country and South Australian government's health
department, SA Health, have also implemented Allscripts
Healthcare Solutions' Sunrise Clinical Manager ("SCM") EHR system
in the recent past.
Allscripts Healthcare Solutions posted a significant fall in
adjusted earnings to $2.2 million or a penny per share in the
second quarter of 2013 from $23.1 million or 13 cents in the
comparable quarter of 2012. With this, earnings also missed the
Zacks Consensus Estimate of 7 cents for the quarter.
Revenues in the quarter ebbed 6.8% to $344.8 million, again
missing the Zacks Consensus Estimate of $358 million. The
decrease can be attributable to lower revenues generated from all
the operating segments.
Currently, MDRX retains a Zacks Rank #4 (Sell). It is expected to
report its third quarter results on Nov 4.
While we avoid Allscripts Healthcare Solutions, there are no
other stocks in the medical information systems industry that are
worth a look. However, we view stocks from the medical products
industry such as
Bio-Rad Laboratories, Inc.
INSYS Therapeutics, Inc.
) as worth considering. All of them carry a Zacks Rank #1 (Strong