Stock prices fell for Allscripts on the announcement of the replacements for the CEO and President jobs.
Over the years Allscripts has grown by purchasing other technologies and the last one being Eclipsys may have proven to be bigger bite to chew than anticipated. Both companies used Microsoft technologies to build each medical record system; however even staying within one company’s technology can be a challenge as well.
A former COO from Cerner, Paul Black who was on the board at Allscripts has been chosen to be the CEO at present. Black left Cerner in 2007 after more than 12 years with the company. Also, in the news was the lawsuit that Allscripts filed again the New York Health system over choosing Epic medical records. In addition Allscripts recently hired a new CFO.
Restoring customer confidence has to be a bit priority now with the rocky year the company has experienced. Allscripts also agreed earlier this year to putting some of HealthCor’s appointees on their board. This decision was made after the first quarter results were released which is where their chaotic year began. So for right now the company is in a rebuilding mode of sorts to utilize internal intelligence and resources before looking outside.
Allscripts is a versatile records system that works well for the ambulatory private practice doctor and can connect to larger healthcare systems such as hospitals to share records. The level of sharing of course depends on how far along the technologies have been developed at each location.
As a reminder if you are a client using the older system “MyWay” from Allscripts you can upgrade for free and here’s a couple solutions that involve two ways to do this.
Allscripts and Aprima Settle Legal Battle Relative to “Allscripts MyWay” EMR Advertising–Two Options for “MyWay” Users to Convert
If you have not entered the world of electronic medical records yet, let us help you. Our services from EMRConsultant is 100% free for doctors and you can begin here with a short questionnaire and we will go to work for you.