Allscripts Healthcare Solutions, Inc. ( MDRX Quick Quote MDRX - Free Report) recently announced that its Sunrise platform of health has been chosen by Mercy Iowa City, which is an acute care hospital and regional referral center catering to patients from across eastern region of Iowa. Mercy Iowa City has picked Sunrise platform of health to run on Microsoft Azure as the core electronic health (EHR) for its community hospital. Notably, Sunrise is an all-inclusive platform of health that helps in connecting all areas of care, which include acute, ambulatory and surgical services. The platform also has an integrated revenue cycle, patient administration and engagement system. With this announcement, Allscripts’ Sunrise EHR platform — a key growth driver for the company — is likely to get a further boost. More on the News
Being a clinician-friendly, evidence-based single platform featuring integrated analytics, Sunrise enables improved health outcomes in hospitals globally. By utilizing Azure, Sunrise can facilitate enhanced organizational effectiveness, solution interoperability and overall improved patient experience.
The flexibility and strength offered by Sunrise will allow Mercy Iowa City to serve its patients in a manner that meets its community’s needs effectively. By becoming an innovative partner and utilizing cloud-capable features built on Azure, Sunrise will not only improve Mercy Iowa City’s care delivery experience but also take a step toward advancing the future of healthcare. Market Prospects
a report by Allied Market Research, the global healthcare IT (HCIT) market estimates that the market for HCIT solutions and services was $125 billion in 2015 and is projected to reach $297 billion by 2022, witnessing a CAGR of 13.2%. Growing demand for quality healthcare services and solutions together with patient safety & care, proactive supportive government initiatives, and increase in acceptance of mHealth & telehealth practices have been driving this market. Further, growing adoption of smartphones is bolstering healthcare IT market growth. Notable Development
In October 2020, the company completed the rollout of Sunrise EHR platform at the Latrobe Regional Hospital. This was one of the first EHRs in Australia to utilize Microsoft Azure. The efficacy, flexibility and resilience related to a cloud-based system influenced the company to extend the Sunrise EHR platform across Gippsland to four additional hospitals.
Other companies like Cerner Corporation ( CERN Quick Quote CERN - Free Report) , NextGen Healthcare, Inc. ( NXGN Quick Quote NXGN - Free Report) and McKesson Corporation ( MCK Quick Quote MCK - Free Report) also continue to benefit from their EHR platforms. Per the fourth-quarter 2020 earnings call, Cerner remains on track to deliver seamless care for 18 million service members and veterans. Historically, for the first time, U.S. Department of Defense (DoD), Veterans Affairs (VA) and the U.S. Coast Guard are utilizing the same EHR, with the number of patients in the company’s joint health information exchange improving from 700,000 to 4,000,000 since April 2020. In January 2021, NextGen Healthcare announced that its renowned cloud-based EHR platform — NextGen Office — has managed to enable provider-owned healthcare practices across the United States. Notably, the NextGen office solution will act as a financial bridge amid the COVID-19 health crisis and maintain business continuity. This month, McKesson got an approval from The Centers for Medicare and Medicaid Services (CMS), for the fifth consecutive year, to take part in the Merit-based Incentive Payment System (MIPS) as a Qualified Clinical Data Registry (QCDR). The designation allows iKnowMed — the company’s oncology practice EHR system — users to submit data to CMS directly in an efficient manner without the hassle of involving a separate registry vendor, thereby simplifying data submission and lowering the need for additional administrative resources. 5 Stocks Set to Double
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