Credit: Shutterstock photoAllscripts Healthcare Solutions, Inc.MDRX continues to gain market share driven by the popularity of its Sunrise Electronic Health Record ("EHR") platform and Chronic Care Management ("CCM") Program among hospitals and healthcare systems.
In recent times, Allscripts has managed to gain quite a few clients, which, we believe will provide significant top-line growth oppurtunities.
Allscripts' CCM program aims at improving care management and outcome for patients suffering from multiple chronic conditions. It also aims to assist physician practices to meet the Centers for Medicare and Medicaid Services' ("CMS") CCM reimbursement revenue requirements.
Recently, Allscripts' CCM program fetched four new clients in the U.S. Heart and Vascular Center of Lake County, in Gurnee, IL, chose Allscripts' CCM program to increase long-term patient engagement as well as improve health condition of patients with chronic conditions.
Joliet Doctors, in Joliet Ill., also picked Allscripts CCM program to improve the quality of healthcare provided to patients, who use provisional nursing home care. The other two clients for Allscripts are Santa Ynez Valley Medical Associates and Frischer Medical Group, both based in California.
Allscripts has also managed to gain considerable market traction on the back of its Sunrise platform, that provides a complete range of fully integrated inpatient, ambulatory, emergency care and surgical care solutions to EHR clients.
Recently, Allscripts Sunrise platform was selected as an Electronic Patient Record ("EPR") system by the University Hospital of South Manchester NHS Foundation Trust ("UHSM").
In May 2015, Allscripts' Sunrise EHR platform was picked by OH-based Grand Lake Health System as the core EHR for its community of medical centers to advance support care and patient management efforts.
We believe that such regular contract wins will consistently drive Allscripts' top line and help it to counter stiff competition, going forward.
Zacks Rank and Key Picks
Currently, Allscripts carries a Zacks Rank #3 (Hold). Better-ranked stocks in the medical sector are Masimo MASI , Mazor Robotics MZOR and NuVasive NUVA . All the stocks sport a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
