|Traded as||NASDAQ: MDRX|
S&P 400 Component
|Founded||1982 (as Medic Computer Systems)|
1986 (as Allscripts)
|Paul M. Black (CEO)|
|Products||Analytics and Insights|
|Revenue||US$1.81 Billion (FY 2017) |
|US$59.8 Million (FY 2016) |
|US$-25.7 Million (FY 2016) |
|Total assets||US$3.832 Billion (FY 2016) |
|Total equity||US$1.232 Billion (FY 2016') |
Number of employees
Allscripts Healthcare Solutions, Inc. (NASDAQ: MDRX) is a publicly traded American company that provides physician practices, hospitals, and other healthcare providers with practice management and electronic health record technology. Allscripts also provides solutions[buzzword] for patient engagement and care coordination, as well as financial and analytics technology. The company has more than 180,000 physician users and has solutions[buzzword] in 2,700 hospitals and 13,000 extended care organizations.
In 2008, Allscripts merged with the healthcare systems operations of rival, Misys. In 2010, Allscripts-Misys merged with another major healthcare information technology competitor, Eclipsys. In March 2013, Allscripts acquired dbMotion, Ltd., a supplier of community health solutions[buzzword] and Jardogs LLC, a patient engagement solution[buzzword] provider, both privately held.
In October 2012, Allscripts announced plans to discontinue their small practice software, MyWay. The solution[buzzword] fell short of meeting federal requirements for EHR incentives and some practices experienced issues after implementing the software. Allscripts offered a free upgrade to their Professional Suites platform as well as training for the new platform.
In December 2012, four physician practices brought about a class-action suit against Allscripts due to selling the "buggy" MyWay EHR and later discontinuing it. It is believed to be a first-of-its-kind case. The parties reached a joint settlement agreement that received final approval from the trial court judge. With this first lawsuit of this nature it has become a reference for future cases in this industry.
Allscripts and Eclipsys merged in June 2010 to form one company, creating the industry's largest network of clients on one product platform, resulting in a single patient record.
Allscripts is set to pay nearly $9.75 million to the proposed class to settle claims of securities fraud, after the company allegedly overstated its ability to integrate its Microsoft.NET and SQL Server with those of Eclipsys following their $1.3 billion merger.
On Jan 18, 2018 Allscripts was hit with a ransomware attack. This caused a massive outage which lasted nearly a week, with clients affected all over the globe. The attack was a new strain of a known bug, SamSam. Since then, clients have filed a class action lawsuit alleging Allscripts should have taken better steps to protect their data.
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