Allscripts Signs On New Customer - Analyst Blog

Allscripts-Misys Healthcare Solutions, Inc. (MDRX) recently entered an agreement with a new client, Capital Region Orthopaedics. Per the agreement, Capital Region Orthopaedics has selected the Allscripts Electronic Health Record (EHR) and Practice Management solution to automate and connect business functions for their 27 physicians across the Albany area. Financial terms of the agreement have not been disclosed. We believe that the new agreement will boost Allscripts’ top-line by expanding its client base.

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 providing real-time access to patient records.

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.

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).