Appalachian Regional Healthcare System announced that it has implemented Allscripts Healthcare Solutions’ (MDRX - Analyst Report) Electronic Health Record (EHR) system known as Sunrise Clinical Manager (SCM). SCM will help Appalachian maintain integrated patient records with the same graphical interface across the health system.
SCM not only provides state-of-the-art Computerized Provider Order Entry (CPOE) but also an integrated pharmacy, which is a knowledge-based medication administration, as well as acute, critical care and emergency care solutions. The SCM system has already been fed with more than 2100 orders by more than 40 physicians after a week of its implementation at the Boone and Linville campuses.
Appalachian Regional Healthcare System is a leading healthcare provider in the High Country. Its EHR system covers three hospitals, including Blowing Rock Hospital in Blowing Rock, Charles A. Cannon, Jr. Memorial Hospital in Linville and Watauga Medical Center in Boone. It also includes a physician practice management group, Appalachian Regional Medical Associates and Appalachian Regional Healthcare Foundation.
Allscripts Healthcare Solutions posted a significant fall in adjusted earnings to $2.2 million or a penny per share in the second quarter of 2013 from $23.1 million or 13 cents in the comparable quarter of 2012. With this, earnings also missed the Zacks Consensus Estimate of 7 cents for the quarter.
On a reported basis, MDRX Solutions incurred a loss of $22.9 million or 13 cents per share compared with earnings of $8.0 million or 4 cents in the second quarter of 2012.
Revenues in the quarter ebbed 6.8% to $344.8 million, again missing the Zacks Consensus Estimate of $358 million. The decrease can be attributable to lower revenues generated from all the operating segments.
Allscripts Healthcare Solutions, a Zacks Rank #4 (Sell) stock, is a leading of clinical software and information solutions provider for physicians. The company serves approximately 180,000 physician practices, 1,500 hospitals, and 10,000 post acute care facilities. It had 5,500 employees with facilities in 24 U.S. states, Canada, India, The Philippines and Middle East.
While we avoid MDRX, other stocks that are performing well in the medical products industry include Hanger, Inc. and Alere Inc. (ALR - Snapshot Report), both with a Zacks Rank #1 (Strong Buy), and Medidata Solutions, Inc. (MDSO - Snapshot Report) with a Zacks Rank #2 (Buy).