athenahealth (ATHN) Holds Top Spot in EHR Usability: KLAS

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athenahealth Inc. ATHN was recently recognized as the market leader in electronic health record (EHR) usability by KLAS Research. This industry ranking is part of the research firm’s latest report – 2015 KLAS Usability Report.

Notably, this report details usability levels of nine different ambulatory electronic medical record (EMR) solutions based on feedback from physician leaders across 145 organizations.

Founded in 1996, KLAS is a research firm that gathers data on software, services, medical equipment and infrastructure systems to deliver timely reports, trends and statistical overviews, ultimately aiming to improve health care delivery.

Specifically, the 2015 KLAS Usability Report examines EMR modules including physician documentation, ePrescribing, medication reconciliation, problem lists, and clinical decision support; as well as looks at capabilities related to three overarching aspects of EMR usability: productivity, effectiveness and user interface.

In addition to being recognized as the market leader in EHR usability, athenahealth was also recognized in the 2015 KLAS Usability Report for high involvement in helping to drive usability for its client, leadership in enabling provider productivity, having the most visually pleasing user interface and for leading its peers in mobile EHR app adoption and mobile EHR app usability.

Moreover, athenahealth ranked number one in three out of the five examined EMR module categories, namely, ePrescribing, Problem Lists and Clinical Decision Support.

We note that athenahealth's EHR – athenaClinicals – is currently being used by more than 26,000 providers across the U.S. to document patient encounters and coordinate care across the continuum. We believe that such industry recognitions will drive greater adoption of the company’s EHR offerings, which in turn will enhance top-line growth opportunities.

Moreover, athenahealth plans to introduce ‘The Reimagined EHR experience’ by the end of this year to revolutionize the way doctors encounter technology at and around the point of care. athenahealth's Reimagined EHR initiative is already in the development stage, led by a team of 75 technologists, clinical workflow experts and physicians. We expect this to be a significant growth catalyst in the long run.

Stocks to Consider

Currently, athenahealth carries a Zacks Rank #3 (Hold).

Better-ranked stocks include Medidata Solutions Inc. MDSO and Merge Healthcare Inc. MRGE in the medical information systems industry and AMN Healthcare Services AHS in the medical services industry. While AMN Healthcare sports a Zacks Rank #1 (Strong Buy), both Medidata Solutions and Merge Healthcare carry a Zacks Rank #2 (Buy).

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