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Allscripts Healthcare Solutions Inc.

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Allscripts ended the fourth quarter on a tepid note. The company continues to gain from the core Software, Delivery, Support and Maintenance units, which delivered solid growth in the quarter. Significant growth in fourth-quarter bookings also buoys optimism. The company’s growth in revenue cycle services along with the recently-closed acquisition of HealthGrid is likely to boost its FollowMyHealth patient engagement platform. Apart from these, management is optimistic about the collaboration with Microsoft made earlier this year. On the flip side, the core Client Services unit witnessed a soft fourth quarter. The company also saw significant margin contraction in the quarter. Moreover, Allscripts is exposed to integration risks. Intense competition in the niche space is an added concern.


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