Morning Headlines 2/20/13
Allscripts Healthcare swings to loss
Allscripts reports Q4 results: revenue was down 10 percent, EPS –$0.14 vs. $0.14. CEO Paul Black said that both the quarterly and annual results "did not meet our expectations." The company plans to close 12 offices and take other measures to reduce product development costs.
Merge Reports Subscription Backlog Up 82%
Merge reports Q4 results: revenue up 1 percent, adjusted EPS –$0.13 vs. $0.04 on sales of $65.1 million. The board rejected valuations placed on strategic alternatives and reiterates 2013 guidance of sales range of $265 – $275 million.
iMedicor Announces Two Acquisitions, Four Corporate Appointments
iMedicor announces the acquisition of HITS Consulting Group and the appointment of HITS CEO Henry Denis to president.The company also acquired data mining firm ClarDIS and founder Joshua Brimdyr was appointed as COO.
Bayada prescribes 4,000 Samsung Galaxy Tabs for homecare nurses
Bayada issues Galaxy tablets outfitted with the SwiftKey Healthcare dictionary to home health nurses for use with clinical documentation. A pilot program found that a typical nurse reduced documentation time by 30 minutes every day by using a tablet rather than a laptop or pen and paper.
February 20th, 2013 at 1:54 am
Allscripts cites wins over Cerner and Epic. Increase in revenue in very challenged quarter. Seems as though their ‘open’ platform is catching wind in the HIT community. They also mentioned they already have 2 net-new Sunrise wins for this quarter. Paul Black’s operational background is an ideal fit for the company and clients. 2013 should be an interesting year.