Allscripts Reports Third Quarter Loss, Record Bookings | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Allscripts Reports Third Quarter Loss, Record Bookings

November 6, 2015
by Heather Landi
| Reprints
Third-quarter bookings increased 22 percent to $272 million

Despite increasing its revenue 2.6 percent, Chicago-based Allscripts Healthcare Solutions posted a third-quarter loss of $5.2 million, the company reported this week.

Allscripts, which is the third largest electronic health record (EHR) vendor, reported third quarter revenue at $354.5 million, up from $345.5 million in the same time period last year.

The company’s reported net loss in the third quarter improved on the $25.8 million loss it posted in the third quarter of 2014. The company’s loss per share was 3 cents, and earnings came to 13 cents per share.

On a positive note, bookings in this past quarter grew to $272 million, marking a third-quarter record and a 22 percent increase from $223 million in the third quarter of 2014. Bookings have increased 13 percent year-to-date to $768 million.

“Total bookings were at record levels for a third quarter, driven by a healthy mix of sales across major software solution categories and value-added services. We added major new EHR clients in the US and United Kingdom and expanded strategic partnerships with key ambulatory clients such as Catholic Health Initiatives,” Paul Black, CEO of Allscripts, said in a statement.

The company said it expects year-end 2015 revenue between $1.39 and $1.405 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



Appalachia Project to Study Relationship Between Increased Broadband Access, Improved Cancer Care

The Federal Communications Commission and the National Cancer Institute have joined forces to focus on how increasing broadband access and adoption in rural areas can improve the lives of rural cancer patients.

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.