Allscripts Healthcare Solutions Inc. (MDRX), a leading vendor focused on healthcare information technology, has announced the completion of its merger with peer Eclipsys Corporation. The combined organization will focus on empowering providers collaborate through connected healthcare communities, thereby providing enhanced care and controlling cost.
Allscripts had adjusted revenues of about $1.2 billion in fiscal year 2009. It markets a composite offering of clinical, financial and connectivity solutions to a client base of about 180,000 doctors, 1,500 hospitals and 10,000 post-acute organizations.
The company is committed to addressing a significant lacuna in the U.S. healthcare system – the predominant lack of data connectivity – which renders difficult the efforts of providers to access and share vital data. For instance, only about 12% of US-based hospitals had an Electronic Health Record (EHR) installed in 2009. The Harvard School of Public Health also found an unfavorable situation, on a national basis, in physician practices and post-acute settings.
According to its users, Allscripts has brought into vogue a model of coordinated care, whereby providers in the physician office, Emergency Room, or in any other setting use a single platform that meets their information needs. By connecting healthcare participants, such as doctors and nurses, to vital and timely data, required by their own (as well third-party) systems, Allscripts demonstrates its capacity to deliver a patient record to providers at any time in any setting.
The combined entity (Allscripts/Eclipsys) will offer several capabilities, such as a full-service portfolio of solutions for hospitals; a widely utilized solution set for physician practices, including EHR and Revenue Cycle management; and a technology platform using Microsoft.Net and an “open architecture” model.
Despite its strength emanating from economies of scale and a variety of offerings, Allscripts must compete with a number of players such as Cerner Corp. (CERN) and Quality Systems Inc. (QSII), who operate in different niche markets. Experts believe that the industry is poised to benefit from the clarification of ‘meaningful use’ requirements for EHR by the U.S. Department of Health and Human Services.
CERNER CORP (CERN): Free Stock Analysis Report
ALLSCRIPTS-MISY (MDRX): Free Stock Analysis Report
QUALITY SYS (QSII): Free Stock Analysis Report
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