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 Finance and Revenues 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

Topics

News

Survey: By 2019, 60% of Medicare Revenues will be Tied to Risk

Medical groups and health systems that are members of AMGA (the American Medical Group Association) expect that nearly 60 percent of their revenues from Medicare will be from risk-based products by 2019, according to the results from a recent survey.

83% of Physicians Have Experienced a Cyber Attack, Survey Finds

Eighty-three percent of physicians in a recent survey said that they have experienced some sort of cyber attack, such as phishing and viruses.

Community Data Sharing: Eight Recommendations From San Diego

A learning guide focuses on San Diego’s experience in building a community health information exchange and the realities of embarking on a broad community collaboration to achieve better data sharing.

HealthlinkNY’s Galanis to Step Down as CEO

Christina Galanis, who has served as president and CEO of HealthlinkNY for the past 13 years, will leave her position at the end of the year.

Email-Related Cyber Attacks a Top Concern for Providers

U.S. healthcare providers overwhelmingly rank email as the top source of a potential data breach, according to new research from email and data security company Mimecast and conducted by HIMSS Analytics.

Former Health IT Head in San Diego County Charged with Defrauding Provider out of $800K

The ex-health IT director at North County Health Services, a San Diego County-based healthcare service provider, has been charged with spearheading fraudulent operations that cost the organization $800,000.