Allscripts, MaineGeneral Health Extend EHR Alliance

Zacks

Extending its relationship with Allscripts Healthcare Solutions, Inc. (MDRX), Augusta-based MaineGeneral Health renewed its contract to use Allscripts Sunrise and Allscripts TouchWorks Electronic Health Records (EHR) through 2022. Under this extended contract, MaineGeneral has also added Allscripts FollowMyHealth as its patient engagement platform.

With the significant multi-year extension, MaineGeneral intends to leverage new and innovative EHR solutions from Allscripts Healthcare to gain the maximum from its existing IT investments and deliver the highest value to its clinical community.

Allscripts Sunrise EHR is a comprehensive suite of fully integrated population health capabilities comprising inpatient, ambulatory, emergency care and surgical care solutions. It provides innovative Computerized Provider Order Entry (CPOE) and features, including integrated pharmacy, knowledge-based medication administration and patient portal solutions.

By providing clinician-specific workflows offered by Allscripts Sunrise, MaineGeneral aims to drive higher adoption of clinical decision support, which can ultimately lead to improved outcomes.

MaineGeneral also selected Allscripts FollowMyHealth as its patient engagement platform to allow convenient online access to health information. The portal, which integrates all systems across the enterprise, enables patients or family members to fill forms, view test results, refill prescriptions, request appointments and also communicate with physicians.

Given its features and functionality, ease of use, interoperability with existing Allscripts solutions, and superior Allscripts client support, MaineGeneral expects Allscripts FollowMyHealth solution to improve patient communication and deliver positive care outcomes.

Allscripts’ shares rose around 4.3% to close at $12.46 last Thursday.

Allscripts EHR solutions are gaining increasing popularity among healthcare providers and hospitals. In the third-quarter 2014, Allscripts Healthcare reported a roughly 16% year-over-year rise in bookings, driven by higher sales of Allscripts Sunrise EHR platform to new domestic and international clients, particularly in the U.K.

Bookings were also driven by higher client demand for the company’s population health management solutions and managed information technology service offerings by healthcare systems, hospitals, and ambulatory markets.

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

Better-ranked stocks include Merge Healthcare (MRGE) and Streamline Health Solutions (STRM) in the medical information systems industry and GW Pharmaceuticals (GWPH) in the medical products industry. While GW Pharmaceuticals sports a Zacks Rank #1 (Strong Buy), both Merge Healthcare and Streamline Health Solutions carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.

Be the first to comment

Leave a Reply