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South Australian government’s efforts to replace paper files containing patient information with bedside electronic data has finally reached its testing phase. Its health department, SA Health, has launched Enterprise Patient Administration System (EPAS) in Noarlunga Hospital using Allscripts Healthcare Solutions’ (MDRX - Analyst Report) Sunrise Clinical Manager (SCM) Electronic Health Record (EHR) system.
The August 25th launch involved more than 100 clinical and administrative staff at the hospital. The integrated single platform Sunrise Clinical Manager EHR system will help them electronically access patient information at the bedside and throughout the hospital.
SA Health revealed that more than 350 clinical and administrative staff was consulted for the design and implementation of EPAS. It is aimed at replacing incompatible, costly and outdated patient administration systems with a single and state-wide system.
The South Australian government plans to invest $422 million in the next decade to develop EPAS across SA Health facilities. Once fully implemented, EPAS will be operational in all metropolitan hospitals, GP Plus Health Care Centers, GP Plus Super Clinics, SAAS headquarters and Mount Gambier and Port Augusta Hospitals.
Recently, Appalachian Regional Healthcare System in N.C. announced that it has implemented MDRX’s SCM EHR system. Appalachian Regional Healthcare System is a leading healthcare provider in the High Country.
The EHR system of Appalachian 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.
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 Alere Inc. (ALR - Snapshot Report), with a Zacks Rank #1 (Strong Buy), and in the medical information systems industry such as Cerner Corporation (CERN - Analyst Report) and Medidata Solutions, Inc. (MDSO - Snapshot Report), both with a Zacks Rank #2 (Buy).