Allscripts-Misys Healthcare Solutions Inc. (MDRX) recently entered into an agreement with Maimonides Medical Center , the premier academic medical center in Brooklyn . Per the agreement, Maimonides Medical Center has selected the Allscripts Care Management solution to increase the efficiency of utilization management and discharge planed as well as and coordinated service to its patients. Financial terms of the agreement have not been disclosed.
                                                       
Allscripts’ Care Management solution will enable the Maimonides Medical Center to send electronic requests for skilled nursing facilities and home care placement to multiple providers simultaneously. This will also allow providers to respond quickly. Maimonides Medical Center had deployed the Allscripts Emergency Department solution a few months ago.
 
Libertyville, IL-based Allscripts 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.
 
Allscripts’ Electronic Health Record (EHR) is a software that automates the process of writing prescriptions. The EHR system enables physicians to send prescriptions directly to a pharmacy via e-mail. It has been proven that the effective use of EHR system reduces medical errors, enhances clinical quality and leads to better patient outcomes by providing real-time access to patient records.
 
The U.S. government is increasingly emphasizing the use of EHR system 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.
 
Allscripts faces strong competition from Cerner Corp. (CERN), Merge Healthcare Inc. (MRGE), Quality Systems Inc. (QSII) and MedAssets Inc. (MDAS).
 
Presently, we have a ‘Neutral’ recommendation on Allscripts.
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