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Allscripts (MDRX) Launches Avenel to Revamp EHR Platform
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Allscripts Healthcare Solutions (MDRX - Free Report) recently launched electronic health record (EHR) solution — Avenel — at the annual HIMSS conference. The following sessions at the conference will comprise individual demonstrations on Avenel.
In a bid to revamp EHR, Allscripts has invested significantly in the Avenel user interface and created the app-like functionality, featuring tablet-friendly swipe-and-tap navigation with easy-to-configure dashboards. It also involved a great deal of speculation into client and industry needs.
Built on Microsoft Azure, Avenel is a cloud-based application that can be used on mobile phones. It creates a community-wide shared patient record and enables faster clinical documentation.
Allscripts Healthcare Solutions, Inc. Price and Consensus
Per management, this is an entirely new approach to the company’s existing EHR platform, with an objective to focus solely on the patient.
Avenel helps streamline workflow by integrating clinicians’ treatment patterns and providing reminders of preferences to facilitate faster documentation and decision making. It further delivers secure record across the community and actionable analytics at both the patient and population level, enabling clinicians to regain a balance between professional and personal priorities.
In this regard it can be noted that Carlinville Area Hospital, a 25-bed acute care hospital, located in Carlinville, Illinois, is currently using the Avenel solution. Per management, Avenel has helped the hospital keep up with demand.
EHR in Focus
Allscripts is known for its comprehensive suite of fully integrated EHR platforms, like Allscripts Sunrise and Paragon. While Sunrise connects all clinical and financial aspects of a hospital or health system for inpatient, emergency and outpatient care, Paragon is an EHR and administrative solution for smaller hospitals, serving a single community.
Last year, Allscripts announced a Sunrise agreement to introduce the platform in nations like Australia and Costa Rica.
Market Holds Promise
According to Transparency Market Research, the global EHR market was valued at $23.22 billion in 2016 and is expected to exhibit a CAGR of 5.7% from 2017 to 2025, to reach an estimated value of $38.29 billion by 2025.
Thus, it can be deduced that Allscripts’ latest move has been timely and strategic.
Price Performance
In the past six months, Allscripts has outperformed the industry in terms of price. The stock has gained 9.6%, compared with the industry’s rally of 5.5%.
Bio-Rad has a long-term expected growth rate of 20%.The stock has gained 20.1% in the past six months.
PetMed has a long-term expected growth rate of 10%.The stock has rallied a whopping 134.8% in the past year.
Centene has a long-term expected growth rate of 14.4%. The stock has returned 43.9% in the past year.
Breaking News: Cryptocurrencies Now Bigger than Visa
The total market cap of all cryptos recently surpassed $700 billion – more than a 3,800% increase in the previous 12 months. They’re now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.
Zacks has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.
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Allscripts (MDRX) Launches Avenel to Revamp EHR Platform
Allscripts Healthcare Solutions (MDRX - Free Report) recently launched electronic health record (EHR) solution — Avenel — at the annual HIMSS conference. The following sessions at the conference will comprise individual demonstrations on Avenel.
In a bid to revamp EHR, Allscripts has invested significantly in the Avenel user interface and created the app-like functionality, featuring tablet-friendly swipe-and-tap navigation with easy-to-configure dashboards. It also involved a great deal of speculation into client and industry needs.
Built on Microsoft Azure, Avenel is a cloud-based application that can be used on mobile phones. It creates a community-wide shared patient record and enables faster clinical documentation.
Allscripts Healthcare Solutions, Inc. Price and Consensus
Allscripts Healthcare Solutions, Inc. Price and Consensus | Allscripts Healthcare Solutions, Inc. Quote
Per management, this is an entirely new approach to the company’s existing EHR platform, with an objective to focus solely on the patient.
Avenel helps streamline workflow by integrating clinicians’ treatment patterns and providing reminders of preferences to facilitate faster documentation and decision making. It further delivers secure record across the community and actionable analytics at both the patient and population level, enabling clinicians to regain a balance between professional and personal priorities.
In this regard it can be noted that Carlinville Area Hospital, a 25-bed acute care hospital, located in Carlinville, Illinois, is currently using the Avenel solution. Per management, Avenel has helped the hospital keep up with demand.
EHR in Focus
Allscripts is known for its comprehensive suite of fully integrated EHR platforms, like Allscripts Sunrise and Paragon. While Sunrise connects all clinical and financial aspects of a hospital or health system for inpatient, emergency and outpatient care, Paragon is an EHR and administrative solution for smaller hospitals, serving a single community.
Last year, Allscripts announced a Sunrise agreement to introduce the platform in nations like Australia and Costa Rica.
Market Holds Promise
According to Transparency Market Research, the global EHR market was valued at $23.22 billion in 2016 and is expected to exhibit a CAGR of 5.7% from 2017 to 2025, to reach an estimated value of $38.29 billion by 2025.
Thus, it can be deduced that Allscripts’ latest move has been timely and strategic.
Price Performance
In the past six months, Allscripts has outperformed the industry in terms of price. The stock has gained 9.6%, compared with the industry’s rally of 5.5%.
Zacks Rank & Key Picks
Allscripts carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the broader medical space are Bio-Rad laboratories, Inc. (BIO - Free Report) , PetMed Express, Inc. (PETS - Free Report) and Centene Corporation (CNC - Free Report) . Each of these stocks carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Bio-Rad has a long-term expected growth rate of 20%.The stock has gained 20.1% in the past six months.
PetMed has a long-term expected growth rate of 10%.The stock has rallied a whopping 134.8% in the past year.
Centene has a long-term expected growth rate of 14.4%. The stock has returned 43.9% in the past year.
Breaking News: Cryptocurrencies Now Bigger than Visa
The total market cap of all cryptos recently surpassed $700 billion – more than a 3,800% increase in the previous 12 months. They’re now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.
Zacks has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.
Click here to access these stocks>>