Allscripts Healthcare Solutions Inc ( MDRX Quick Quote MDRX - Free Report) recently announced that the Electronic Healthcare Network Accreditation Commission (EHNAC) has accredited its Payerpath with the Healthcare Network Accreditation Program. Further, the company’s ePrescribe platform has been given ePAP accreditation.
The developments recognize the company’s sustainability in health data processing and transactions in terms of industry-established standards and HIPAA regulations.
What is Allscripts’ Payerpath?
Payerpath is an easy management solution for financial transactions for healthcare providers and payers.
Unlike other revenue cycle management companies like athenahealth
ATHN and McKesson Corporation MCK, Payerpath’scomprehensive suite of cloud-based products and services address the entire revenue cycle, from eligibility verification through patient collection.
Apart from this development, Allscripts has recently crossed the threshold of more than four billion total API data exchange transactions since 2013.
What is Allscripts’ ePrescribe?
In the era of Artificial Intelligence and cloud-based healthcare technologies, Electronic prescribing (e-prescribing or e-Rx) is the computer-based electronic generation of a medical prescription, instead of paper and faxed prescriptions.
AllscriptsePrescribe offers a comprehensive electronic prescribing workflow. The platform has been raking in huge profits for the company because of user-friendly techniques and flawlessness.
Allscripts – Innovation at its Best!
Allscripts PBM (Pharmacy Benefit Management) techniques are unique. The company primarily derives revenues from the sale of its proprietary software and related hardware, professional services and IT outsourcing services. These sales also drive recurring service contracts for software maintenance and certain transaction processing services.
Management confirmed the achievement of numerous innovation milestones in 2018. At the HIMSS (Healthcare Information and Management Systems Society) show, the company unveiled Avenel — a next-generation cloud-based EHR that creates a community-wide shared patient record.
Furthermore, Allscripts and Lyft, the fastest growing rideshare company in the United States, will be joining forces to incorporate non-emergency transportation directly into physicians' workflow.
We believe that developments like these will help Allscripts survive cutthroat competition from bigwigs like Cerner Corporation
CERN in the MedTech industry. Like Allscripts, Cerner’s health information technologies connect people, information and systems provider facilities worldwide. The companyhas a huge market cap of $21.44 billion. Looking for Stocks with Skyrocketing Upside?
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