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Allscripts Healthcare Solutions (MDRX) |
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WIKI ANALYSIS
Libertyville, Illinois-based Allscripts Healthcare Solutions, Inc. (MDRX) is a leading provider of clinical software and information solutions for physicians. The company has three business segments: Prepackaged Medications, Software & Related Services (SRS), and Information Services. The Prepackaged Medications segment comprises the Allscripts Direct business that offers point-of-care medication management solutions for physicians and other healthcare providers. The SRS segment includes primarily the TouchWorks software business. TouchWorks software is an Electronic Health Record (EHR) that enhances physician productivity by automating common physician activities like prescribing, dictating, capturing charges, ordering labs and viewing results, providing patient education, and documenting clinical encounters. The SRS segment also consists of Advanced Imaging Concepts (AIC), an electronic document imaging and scanning solutions business and A4 Health Systems, a provider of small practice management software solutions. The Information Services segment consists primarily of the Physicians Interactive (PI) business and the operations of RxCentric Inc. Physicians Interactive uses interactive education sessions to provide product information to the physicians, thus, linking them to pharmaceutical companies, managed care, and medical suppliers.
Business Overview
Business & Financial Metrics[1]
In 2010, MDRX generated a net income of $62.9 million on revenues of $704.5 million. This represents a 28.5% increase in net income and a corresponding 28.5% increase in revenues from 2009, when the company earned $26.0 million on $538.4 million in revenue. MDRX's fiscal year ends on May 31 of each calendar year.
Business Segments[2]
Allscripts operates through two reportable business segments.
- Clinical Solutions (84.2% of total revenue): This segment includes the company's "Enterprise" business which targets large physician practices and its "Professional" business for smaller or independent practices.The segment primarily provides its customers with software for managing their practices or clinics.[2]
- Health Solutions (15.8% of total revenue): This segment sells its "Emergency Department Information Systems" to hospitals and post-acute facilities like home health providers, hospices, and skilled nursing facilities.[3]
Competition[4]
The company's primary competitors in the physician healthcare information systems and services market include:
- Athenahealth, Inc. (ATHN)
- Cerner (CERN)
- eClinicalWorks
- Epic Systems
- General Electric Company (GE)
- Emdeon
- Aprima Medical Software
- McKesson (MCK)
- Quality Systems (QSII)
- Sage Software
- TriZetto Group (TZIX)
- Wellsoft Corporation
The company's primary competitors in the hospital and post-acute healthcare information systems and services market include:
- eDischarge
- Maxsys
- MedHost
- Meditech
- Midas+
- Picis
- Providerlink
- Wellsoft Corporation
References
- ↑ MDRX 2009 10-K pg. 41
- ↑ 2.0 2.1 MDRX 2009 10-K pg. 53
- ↑ MDRX 2009 10-K pg. 44
- ↑ MDRX 2009 10-K pg. 11
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