allscripts healthcare soluti (MDRX) Key Developments
OnePartner Health Information Exchange Extends Its Partnership with Allscripts
Jun 13 13
OnePartner Health Information Exchange (HIE) has extended its partnership with Allscripts, adding the dbMotion(TM) platform to support the HIE's growth. The addition of dbMotion's capabilities will enhance the ability of healthcare providers who participate in the exchange to communicate with one another to manage population health and enhance the care provided to patients. Allscripts acquired dbMotion in March 2013. OnePartner HIE is a physician-owned and physician-led health information exchange fostering the electronic exchange of health-related information across the care continuum for the purpose of strengthening provider collaboration to improve quality care and patient outcomes. With the addition of the dbMotion platform, any provider participating in the OnePartner HIE will have the reporting capabilities and improved connectivity to provide proactive, highly-coordinated and patient-centered care. This partnership will help enable a smooth transition for providers as the industry moves from fee-for-service to accountable care, or fee-for-value, forging bonds with healthcare partners to more efficiently develop the population health and informatics necessary for today's healthcare market.
Salford Royal NHS Foundation Trust Activates Allscripts Healthcare Solutions, Inc.'s Electronic Health Record System
Jun 12 13
Salford Royal NHS Foundation Trust has successfully implemented Allscripts Healthcare Solutions, Inc.'s Sunrise Clinical Manager (SCM). The activation occurred the weekend of June 8, 2013; three months ahead of schedule, and on budget. Sunrise Clinical Manager is an acute care Electronic Health Record. The new system will help Salford Royal, transform its caregiving. Having utilized an Electronic Patient Record (EPR) for over ten years, Salford Royal's investment in Sunrise Clinical Manager and its innovative technology will allow the organization to accelerate the pace of transformation and provide better quality and safer care for its 238,000 patients. After nine months of planning, Salford Royal migrated one million patient records and 180 million results, orders and documents from its old system into Sunrise Clinical Manager during the rollout weekend. During the first four days, more than 56,000 orders, results and documents were viewed and entered electronically into the SCM system by more than 3350 caregivers. The peak number of users logged in at any one time was 600. Live areas of the system include EPMA, Order Communications, results reporting, nursing assessments, doctors' notes, clinical summaries and clinical decision support. The system is now live across all of Salford Royal's wards and clinics.
Allscripts Healthcare Solutions, Inc. Announces Management Changes
May 24 13
Allscripts Healthcare Solutions, Inc. announced important additions to the company's senior leadership team and board of directors. Brian Farley will join the company as Senior Vice President, General Counsel and Corporate Secretary effective May 28, 2013. In addition, the company added two new board members, Anita Pramoda and Michael Klayko, whose terms began May 21, 2013. Farley brings more than 20 years of legal experience to Allscripts including most recently serving as General Counsel for Motorola Mobility's Home Business. Anita Pramoda was recently the Chief Financial Officer of Epic Systems Corporation. Michael Klayko joins the company from Brocade Communications where he served as CEO from 2005 until January 2013.
Allscripts Healthcare Solutions, Inc. Approves Election of Two New Directors
May 24 13
Allscripts Healthcare Solutions, Inc. announced that at the annual meeting of stockholders held on May 21, 2013 elected Michael A. Klayko and Anita V. Pramoda as directors to serve until the company's 2014 Annual Meeting of Stockholders or until his or her successor has been elected and qualified.
Allscripts Healthcare Solutions, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Provides Effective Tax Rate Guidance for the Year 2013
May 9 13
Allscripts Healthcare Solutions, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenue of $347.1 million compared to $364.7 million a year ago. Loss from operations was $28.3 million compared to income of $13.0 million a year ago. Loss before income taxes was $24.8 million compared to income of $9.5 million a year ago. Net loss was $11.6 million or $0.07 per basic and diluted share compared to net income of $5.8 million or $0.03 per basic and diluted share a year ago. Net cash provided by operating activities was $39.3 million compared to $74.6 million a year ago. Capital expenditures were $16.4 million compared to $19.4 million a year ago. Capitalized software was $7.9 million against $13.3 million a year ago. Total non-GAAP revenue was $348.0 million compared to $365.5 million a year ago. Total non-GAAP operating income was $17.6 million compared to $40.9 million a year ago. Non-GAAP net income was $16.2 million or $0.09 per diluted share compared to $23.5 million or $0.12 per diluted share a year ago. Non-GAAP adjusted EBITDA was $49.8 million against $58.3 million a year ago.
For the year 2013, the company expects its annual non-GAAP tax rate to be around 30%.