Allscripts Posts $2M Loss in 2015 with Revenue Remaining Flat | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Allscripts Posts $2M Loss in 2015 with Revenue Remaining Flat

February 19, 2016
by Heather Landi
| Reprints

Chicago-based vendor Allscripts Healthcare Solutions this week reported flat revenue for full-year 2015 and a loss of $2 million but bookings increased 20 percent compared to 2014.

Allscripts shrunk its revenue loss in 2015 to $2 million compared to a net loss of $66 million in 2014, according to a press release from the company.

Bookings in the fourth quarter of 2015 were $343 million, a corporate record, compared to $244 million in the fourth quarter of 2014, a 41 percent increase. According to the company, it experienced strong demand for software and services across all client segments, including health systems, hospitals, physician practices and the post-acute market. International sales also contributed meaningfully to the bookings performance, the company stated, as internal sales reached the highest level in four years.

Fourth quarter 2015 revenue totaled $346 million, a one percent year-over-year increase.

The vendor reported full year bookings of $1.1 billion, a 20 percent increase from 2014, while revenue remained flat, increasing slightly from $1.378 billion in 2014 to $1.386 billion in 2015.

Paul Black, Allscripts’ CEO, said in a statement, “2015 finished strong, and we have excellent momentum as we enter 2016.  The company is financially fit, profitable and positioned well, offering a robust and complete solutions portfolio to enable the transformation to value-based care across the healthcare industry in the United States and globally.” 

Allscripts said it expects year-end 2016 revenue between $1.430 billion and $1.460 billion.

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More



Survey: Infrastructure, Interoperability Key Barriers to Global HIT Development

A new survey report from Black Book Research on global healthcare IT adoption and records systems connectivity finds nations in various phases of regional electronic health record (EHR) adoption. The survey results also reveal rapidly advancing opportunities for U.S.-based and local technology vendors.

Penn Medicine Opens Up Telehealth Hub

Philadelphia-based Penn Medicine has opened its Center for Connected Care to centralize the health system’s telemedicine activities.

Roche to Pay $1.9B for Flatiron Health

Switzerland-based pharmaceutical company Roche has agreed to pay $1.9 billion to buy New York-based Flatiron Health Inc., which has both an oncology EHR and data analytics platform.

Financial Exec Survey: Interoperability Key Obstacle to Value-Based Payment Models

Momentum continues to grow for value-based care as nearly three-quarters of healthcare executives report their organizations have achieved positive financial results from value-based payment programs, to date, according to a new study from the Healthcare Financial Management Association (HFMA).

Cerner, Children's National to Help UAE Pediatric Center with Health IT

Al Jalila Children's Specialty Hospital, the only pediatric hospital in the United Arab Emirates, has entered into an agreement with Washington, D.C.-based Children's National Health System to form a health IT strategic partnership.

Telemedicine Association Names New CEO

The American Telemedicine Association (ATA) has named Ann Mond Johnson its new CEO, replacing Jon Linkous who stepped down suddenly last August after 24 years as the organization’s CEO.