Healthcare information technology solutions provider Allscripts Healthcare Solutions, Inc. (MDRX) and provider of consulting services and technologies Citra Health Solutions recently announced a commercial partnership to make their respective solutions and services available to the other's client base.
However, since the announcement of the partnership, shares of Chicago-based Allscripts Healthcare dropped nearly 4.3% to close at $13.54 in the last trading session.
The venture between Allscripts Healthcare and Citra Health aims to help practices, provider organizations and payers succeed with emerging value-based care and reimbursement models, while also allowing Citra Health to help its customers gain access to clinical information and data exchange.
Jacksonville, FL-based Citra Health (formerly known as Orange/MZI) offers strategic services to support payers and providers who seek to capitalize on opportunities presented by risk-sharing and other value-based models. Its offerings include executive-level advisory services, practice management-surrounding infrastructure and workflow, patient outreach, medical cost reduction, and quality improvement programs.
In addition, Citra Health's web-based software solutions supply benefits administration and claims adjudication capabilities, supported by care coordination and claims-based analytics, to better manage healthcare spending of patient populations.
Meanwhile, Allscripts Healthcare’s offerings include electronic health record (EHR) systems such as Allscripts Professional EHR, Allscripts TouchWorks EHR and Allscripts Sunrise, along with mobility, practice management and revenue cycle solutions.
Allscripts Healthcare’s Population Health Management offerings include the Allscripts dbMotion health information platform and Allscripts FollowMyHealth patient engagement platform.
The partnership will equip Citra Health’s customers with Allscripts Healthcare solutions, which collectively supply real-time clinical information that impacts decisions made at the point of care. This would provide them with expert strategic support, efficient infrastructure, and the clinical and business intelligence needed to respond to the demands of risk-sharing and quality-based initiatives.
At Allscripts Healthcare’s end, the partnership would support the integration of Citra Health's high-grade service offerings into it proven technology solutions.
Though the partnership, both the companies ultimately aim to help clients increasingly participate and succeed with risk-sharing and accountable-care programs, thus improving the health and wellbeing of patients.
Currently, Allscripts Healthcare Solutions carries a Zacks Rank #3 (Hold). Better-ranked stocks in the medical information systems industry include Cerner Corp. (CERN), Merge Healthcare Inc. (MRGE) and Omnicell, Inc. (OMCL). All these stocks carry a Zacks Rank #2 (Buy).
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