Portland-Maine based Mercy Health System revealed that it has
Allscripts Healthcare Solutions
) Revenue Cycle Management (RCM) services in order to improve
their reimbursement processes at a lower cost and reduced
implementation time. RCM services provide a complete revenue
management solution from front office to back office processing
and patient collections.
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As managing the revenue cycle and collecting full payments from
patients have become increasingly challenging, Allscripts' RCM
services that combine MDRX's revenue cycle technology with expert
professional services become useful. Through RCM Services,
Allscripts professionals will manage collections to reduce
reimbursement problems as well as assist in capturing complete
Mercy Health System has 160 caregivers, spread across 26
locations in Portland and southeastern Maine. It already uses
Allscripts Healthcare Solutions' Enterprise Electronic Health
Record and Practice Management.
A few days back, N.C.-based Appalachian Regional Healthcare
System announced that it has implemented Allscripts Healthcare
Solutions' Electronic Health Record (EHR) system known as Sunrise
Clinical Manager (SCM). SCM will help Appalachian maintain
integrated patient records with the same graphical interface
across the health system.
Appalachian Regional Healthcare System is a leading healthcare
provider in the High Country. Its EHR system covers three
hospitals, including Blowing Rock Hospital in Blowing Rock,
Charles A. Cannon, Jr. Memorial Hospital in Linville and Watauga
Medical Center in Boone. It also includes a physician practice
management group, Appalachian Regional Medical Associates and
Appalachian Regional Healthcare Foundation.
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 per share
in the comparable quarter of 2012. With this, earnings also
missed the Zacks Consensus Estimate of 7 cents for the quarter.
On a reported basis, MDRX Solutions incurred a loss of $22.9
million or 13 cents per share compared with earnings of $8.0
million or 4 cents per share in the second quarter of 2012.
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.
Allscripts Healthcare Solutions, a Zacks Rank #4 (Sell) 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
While we avoid MDRX, other stocks that are performing well in the
medical products industry include
), both with a Zacks Rank #1 (Strong Buy), and in the medical
information systems industry such as
Medidata Solutions, Inc.
), with a Zacks Rank #2 (Buy).