Aria Health Selects Allscripts - Analyst Blog
July 08 2011 - 10:45AM
Zacks
Allscripts Healthcare
Solutions, Inc. (MDRX) was selected by Aria for its
Allscripts Community Record, powered by dbMotion, to provide
end-to-end connectivity in the health system and the concerned
communities.
Aria Health, with 477 beds, is the
largest healthcare provider in Northeast Philadelphia and Lower
Bucks County. It has three community hospitals and a robust network
of outpatient clinics and primary care doctors.
The Allscripts package/solution
provides over 700 affiliated and employed physicians at Aria with
common access to one integrated patient record. This will reduce
gaps in information frequently faced by independent care givers and
health systems, which treat common patients.
Aria Health hospitals and its
physician practices will implement the Allscripts package to
facilitate coordinated sharing of data among the Allscripts
ambulatory Electronic Health Record (“EHR”) utilized by its
physicians, the Allscripts Sunrise acute care EHR used by its
hospitals and the ex-Allscripts systems used by several other local
healthcare providers.
The Allscripts package harmonizes
the information and provides it at an opportune time and place
within the provider’s EHR workflow, instead of requiring them to
log on to a website. Consequently, care givers can comfortably
collaborate to provide patient care, irrespective of where they are
situated or which clinical know-how they use.
The Healthcare IT (“HCIT”) market
is competitive and price sensitive. Among others, Allscripts faces
strong competition from Cerner Corp. (CERN),
Quality Systems (QSII) and
Athenahealth (ATHN) in this market.
However, optimism about the growth
prospects of select HCIT service providers remains high under the
Obama Administration, which passed the Stimulus package in May
2009, aimed at increasing the use of EHR systems by medical
practitioners.
Allscripts has widened its user
base and increased cross-selling opportunities following its merger
with Misys and Eclipsys. We believe that the company is well
positioned in the fast-growing business of selling EHR to physician
practices and other ambulatory care settings.
The acquisition of Eclipsys
provided the company with an acute care product for sale in concert
with its ambulatory services. We are of the opinion that acute and
ambulatory care will continue to converge in future and that
Allscripts is well positioned to provide integrated clinical
applications that will permit health care providers to satisfy
HITECH Act requirements and eventually comply with an outcome-based
reimbursement system.
On the other hand, we are concerned
about the intensity of competition, price elasticity, volatility in
bookings and the extent of the company’s ability to absorb large
acquisitions. Currently, we are neutral on Allscripts.
ATHENAHEALTH IN (ATHN): Free Stock Analysis Report
CERNER CORP (CERN): Free Stock Analysis Report
ALLSCRIPTS HLTH (MDRX): Free Stock Analysis Report
QUALITY SYS (QSII): Free Stock Analysis Report
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