March 03, 2015 3:54 PM ET

Health Care Technology

Company Overview of Allscripts Healthcare Solutions, Inc.

Company Overview

Allscripts Healthcare Solutions, Inc. provides clinical, financial, connectivity, hosting, outsourcing, analytics, patient engagement, and population health solutions and services to consumers, physicians, hospitals, governments, health systems, health plans, retail clinics, retail pharmacies, and post-acute organizations primarily in the United States and Canada. The company operates in three segments: Clinical and Financial Solutions, Population Health, and Managed Services. It provides integrated clinical software applications, financial and information solutions, and related installation and maintenance services to physician practices, hospitals, and health systems of various sizes, incl...

222 Merchandise Mart Plaza

Suite 2024

Chicago, IL 60654

United States

Founded in 1986

Phone:

312-506-1200

Key Executives for Allscripts Healthcare Solutions, Inc.

Chief Executive Officer, President and Director
Age: 56
Total Annual Compensation: $1.0M
Chief Financial Officer and Senior Vice President
Age: 49
Total Annual Compensation: $1.4M
Senior Vice President of Operations
Age: 51
Total Annual Compensation: $1.4M
Senior Vice President, General Counsel and Corporate Secretary
Age: 44
Total Annual Compensation: $312.0K
Compensation as of Fiscal Year 2013.

Allscripts Healthcare Solutions, Inc. Key Developments

NantHealth and Allscripts Join to Develop Precision Solutions

NantHealth and Allscripts will collaborate on the development and delivery of cutting-edge, precision medicine solutions directly to the point of care. The companies will introduce an integrated, evidence-based, personalized approach to healthcare solutions that includes actionable clinical data, enabling physicians to make informed decisions from complex genomic and proteomic analysis.

Allscripts Healthcare Solutions, Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Year of 2015; Announces Impairment Charges for the Fourth Quarter of 2014

Allscripts Healthcare Solutions, Inc. announced unaudited consolidated financial results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenue of $340.9 million against $351.0 million a year ago. Loss before income taxes was $6.6 million against $34.7 million a year ago. Income from operations was $0.6 million against loss from operations of $27.5 million a year ago. Net loss was $2.2 million or $0.01 per share against $20.6 million or $0.12 per share a year ago. Net cash provided by operating activities was $51.5 million against $17.7 million a year ago. Capital expenditures was $5.7 million against $17.1 million a year ago. Non-GAAP net income was $16.9 million or $0.09 per diluted share against $14.0 million or $0.08 per diluted share a year ago. Adjusted EBITDA was $52.3 million against $48.5 million a year ago. Total non-GAAP revenue was $343.2 million compared with $353.6 million a year ago. Total non-GAAP operating income was $30.6 million compared with $25.0 million a year ago. For the year, the company reported total revenue of $1,377.9 million against $1,373.1 million a year ago. Loss before income taxes was $68.1 million against $148.3 million a year ago. Loss from operations was $39.2 million against loss from operations of $127.6 million a year ago. Net loss was $66.5 million or $0.37 per share against $104.0 million or $0.59 per share a year ago. Net cash provided by operating activities was $103.5 million against $81.0 million a year ago. Capital expenditures was $26.4 million against $74.1 million a year ago. Non-GAAP net income was $56.3 million or $0.31 per diluted share against $48.2 million or $0.27 per diluted share a year ago. Adjusted EBITDA was $199 million against $179.8 million a year ago. Total non-GAAP revenue was $1,389.5 million compared with $1,382.9 million a year ago. Total non-GAAP operating income was $105.6 million compared with $77.0 million a year ago. revenue in 2014, including lower hardware revenue resulting from Allscripts ongoing transition to a predominantly SaaS-based business model. The company announced asset impairment charges of $0.3 million for the fourth quarter ended December 31, 2014. The company currently expects to achieve the following financial results in 2015. The company expects revenue between $1.43 billion and $1.46 billion, adjusted EBITDA between $230 million and $250 million and non-GAAP earnings per share between $0.42 and $0.50 per diluted share.

Home Care by Black Stone Selects Allscripts Homecare Solution for One Interoperable and Integrated Software Platform

Home Care by Black Stone has selected Allscripts Homecare solution. Black Stone intends to use Allscripts Homecare to create one interoperable and integrated software platform for operational, clinical and scheduling functionality for its multiple lines of business, including home healthcare and private duty. Approximately 350 Black Stone employees are expected to use Allscripts Homecare solution to provide real-time access to clinical and financial information, simplify clinical documentation and deliver higher quality care at reduced operational costs. Additionally, Black Stone intends to leverage Allscripts Homecare's document management solution, AllDocs, to eliminate paper and automate business processes in a truly electronic environment.

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