Allscripts Healthcare Solutions
) has entered a multi-year agreement with data-driven healthcare
solutions provider Inovalon, Inc. to provide its Electronic
Health Record (EHR) Platform. As per the agreement, Inovalon will
apply its advanced quality improvement and risk score accuracy
analytics to Allscripts Healthcare Solutions' EHR Platform.
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The higher burden due to the increased complexity of regulatory
oversight, quality measurement, reimbursement models, and
healthcare organization structures together with thousands of
disease, diagnosis, treatment, and care considerations have led
to the increased need for advanced healthcare technologies in the
present health care environment.
Further, in order to comply with the performance and regulatory
programs such as NCQA HEDIS quality performance measurement, the
CMS Five-Star Quality Rating program, and other federal and
state-based risk score accuracy programs, both the payers and
health care providers must support an extensive medical record
With Allscripts Healthcare Solutions' EHR Platform, Inovalon will
be able to improve the speed and workflow efficiency of data
exchanges within the medical record process between payers of its
advanced healthcare data analytics and health care providers.
Allscripts Healthcare Solutions, a Zacks Rank #3 (Hold) stock, is
a leading clinical software and information solutions provider
for physicians. The company serves approximately 180,000
physician practices, 1,500 hospitals, and 10,000 post acute care
facilities. It had 5,500 employees with facilities in 24 U.S.
states, Canada, India, The Philippines and Middle East.
Recently, South Australian government's health department, SA
Health, has launched Enterprise Patient Administration System
(EPAS) in Noarlunga Hospital using Allscripts Healthcare
Solutions' Sunrise Clinical Manager (SCM) EHR system. The August
25th launch involved more than 100 clinical and administrative
staff at the hospital. The integrated single platform Sunrise
Clinical Manager EHR system will help them electronically access
patient information at the bedside and throughout the hospital.
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.
While we remain on the sidelines about the company, other scrips
that are performing well in the medical information systems
Streamline Health Solutions, Inc.
), both carrying a Zacks Rank #2 (Buy), as well as
) in the medical products industry with a Zacks Rank #1 (Strong