New Client for Allscripts - Analyst Blog

Allscripts-Misys Healthcare Solutions, Inc. (MDRX) recently entered into an agreement with a new client, Lake Region Healthcare, whereby the latter has selected Allscripts’ Electronic Health Record (EHR) and Practice Management (PM) solutions. Lake Region Healthcare will deploy EHR and PM to enhance the quality of patient care, improve patient communications, and better manage the cost of care delivery for 50 affiliated physicians and mid-level providers employed by Fergus Falls Medical Group.
 
Lake Region Healthcare and Fergus Falls Medical Group work together as one of the most successful rural health care corporations in Minnesota.
 
Per the agreement, Lake Region Healthcare will integrate Allscripts’ EHR with its existing McKesson Paragon inpatient health information system to enable seamless information sharing across the Lake Region and Fergus Falls Medical Group.

Allscripts' EHR is a software that automates the process of writing prescriptions. The EHR system enables physicians to send prescriptions directly to a pharmacy by e-mail. It has been proven that the effective use of EHR systems reduces medical errors, enhances clinical quality and leads to better patient outcomes by accessing patient records in real time.

The U.S. government is increasingly emphasizing the use of EHR systems these days, as evident from the Medicare Improvements for Patients and Providers Act of 2008. For the first time ever, the Act provides financial incentives to physicians who adopt e-prescribing. The Act requires adoption of this practice by 2011 and delays any reduction in fees for treating Medicare patients.

We believe that the new agreement will boost Allscripts' top-line by expanding its client base.
Libertyville, IL-based Allscripts Healthcare Solutions Inc. is a leading provider of clinical software and information solutions meant for physicians. In October 2008, the company merged with Misys Plc, a global applications software and services company, to form Allscripts−Misys Healthcare Solutions Inc.
Allscripts faces strong competition from Cerner Corp. (CERN), Merge Healthcare Inc. (MRGE), Quality Systems Inc. (QSII) and MedAssets Inc. (MDAS).

Currently, we are ‘Neutral’ on Allscripts.

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