Company:Allscripts
 | |
| Type | Public |
|---|---|
| Industry | Information Technology |
| Founded | 1982 (as Medic Computer Systems) 1986 (as Allscripts) |
| Headquarters | Chicago, Illinois, U.S. |
Key people |
|
| Products | Analytics and Insights[1] Care Coordination[2] |
| Revenue |  US$1.50 billion (FY 2020)[6] |
 US$700.4 million (FY 2020)[6] | |
| Total assets | US$2.917 billion (FY 2020)[6] |
| Total equity | US$1.666 billion (FY 2020)[6] |
Number of employees | 8400 (2016)[6] |
| Website | allscripts |
Allscripts Healthcare Solutions, Inc. is a publicly traded American company that provides physician practices, hospitals, and other healthcare providers with practice management and electronic health record technology. Allscripts also provides products for patient engagement and care coordination, as well as financial and analytics technology. The company has more than 180,000 physician users and has products in 2,700 hospitals and 13,000 extended care organizations.[7]
History
Allscripts was founded in 1981 and is headquartered in Chicago, Illinois.[8] An additional key operations' office is located in Raleigh, North Carolina.[8]
In 2008, Allscripts merged with the healthcare systems operations of its rival, Misys.[8] In 2010, Allscripts-Misys merged with another healthcare information technology competitor, Eclipsys, in a $1.3 billion deal, merging patient records,[9] to create the industry’s largest network of clients.[10]
In 2020 Allscripts executed two major divestment moves. In October, Allscripts sold its EPSi business, a provider of financial decision support and planning tools for hospitals and health systems, to Strata Decision Technology for $365 million. [11] Later, in December 2020, Allscripts closed the sale of its care coordination business, CarePort Health, to Wellsky for $1.35 billion.[12]
Acquisitions
In March 2013, Allscripts acquired dbMotion, Ltd., a developer of system interfaces and data analytics tools, and Jardogs LLC, a developer of a personal health record.[13]
In 2018 Allscripts acquired Practice Fusion.
In 2019, Allscripts acquired ZappRx, a Boston-based prescription drug startup, which provides an online platform used by patients, physicians, and pharmacists for the management of specialty medications.[14]
Legal issues
In December 2012, four physician practices brought a class-action suit against Allscripts due to selling the "buggy" MyWay EHR and later discontinuing it.[15] It was believed to be a first-of-its-kind case.[15] The parties reached a joint settlement agreement that received final approval from the trial court judge.[16][17] With this first lawsuit of this nature it has become a reference for future cases in this industry.[18]
In 2015 Allscripts was set to pay nearly $9.75 million to the proposed class to settle claims of securities fraud, after the company allegedly overstated its ability to integrate its Microsoft .NET and SQL Server with those of Eclipsys following their $1.3 billion merger.[19]
In 2019, one year after Allscripts’ acquisition of Practice Fusion,[20] a San Francisco-based electronic health records company intended to expand Allscripts' business with independent physicians, Allscripts agreed to settle with the Department of Justice over "potential issues with the EHR vendor’s health IT certification and Practice Fusion’s compliance with the Anti-Kickback Statute and HIPAA."[21] As part of the settlement, Practice Fusion paid $145 million dollars.
In 2020, the Department of Justice detailed the $145 million settlement in a press release:
Practice Fusion’s conduct is abhorrent. During the height of the opioid crisis, the company took a million-dollar kickback to allow an opioid company to inject itself in the sacred doctor-patient relationship so that it could peddle even more of its highly addictive and dangerous opioids
Allscripts chief administrative officer Brian Farley said that Practice Fusion's behavior was known to Allscripts prior to the purchase.[22] Farley also noted that Allscripts was working to help combat the opioid epidemic.
Ransomware attack
On January 18, 2018, Allscripts was hit with a ransomware attack. This caused a massive outage which lasted nearly a week and affected clients all over the globe. The attack was a new strain of a known bug, SamSam.[23] Since then, clients have filed a class action lawsuit alleging Allscripts should have taken better steps to protect their data.[24]
References
- ↑ "Analytics and Insights". http://www.allscripts.com/solutions/industry/analytics-insights=.[yes|permanent dead link|dead link}}]
- ↑ "Care Coordination". http://www.allscripts.com/solutions/industry/care-coordination.
- ↑ "Clinical Products". http://www.allscripts.com/solutions/industry/clinical.
- ↑ "Financial Products". http://www.allscripts.com/solutions/industry/financial.
- ↑ "Patient Engagement". http://www.allscripts.com/solutions/industry/patient-engagement.
- ↑ 6.0 6.1 6.2 6.3 6.4 "Allscripts Healthcare Solutions SEC 10-K filing". https://investor.allscripts.com/static-files/1ffb3279-bc15-4f86-b076-0ea21bee93b7.
- ↑ "About Us". 2015-02-08. http://www.allscripts.com/company/about-us/.
- ↑ 8.0 8.1 8.2 Coletta, Chris (20 October 2008). "Allscripts' CEO: HQ could end up in Triangle". http://www.bizjournals.com/triangle/stories/2008/10/20/story1.html.
- ↑ Krauskopf, Paul Sandle, Lewis (2010-06-09). "Allscripts to buy rival Eclipsys for $1.3 billion" (in en). Reuters. https://www.reuters.com/article/us-allscripts-eclipsys-idUSTRE6580UL20100609.
- ↑ "Allscripts, Eclipsys to Merge in $1.3 billion deal". http://www.healthcareitnews.com/news/allscripts-eclipsys-merge-13-billion-deal/.
- ↑ Landi, Heather. "Allscripts sells EPSi business to Strata Decision Technology for $365M". https://www.fiercehealthcare.com/tech/allscripts-q2-revenue-drops-2-amid-covid-pandemic-but-beats-wall-street-forecasts.
- ↑ "Allscripts to sell CarePort care coordination segment for $1.35B". Industry Dive. https://www.healthcaredive.com/news/allscripts-to-sell-careport-care-coordination-segment-for-135b/586983/.
- ↑ "Allscripts acquires dbMotion, Jardogs" (in en). 2013-03-05. https://www.modernhealthcare.com/article/20130305/NEWS/303059942/allscripts-acquires-dbmotion-jardogs.
- ↑ Farr, Christina (2019-06-13). "Allscripts is buying ZappRx, a prescription drug start-up" (in en). https://www.cnbc.com/2019/06/13/allscripts-buying-zapprx-a-prescription-drug-start-up.html.
- ↑ 15.0 15.1 Collins, Jack. "Doctors Who Sued EHR Company Win First Round | Comprehensive Cancer Settings" (in en-US). http://www.ccsettings.com/blog-posts/doctors-who-sued-ehr-company-win-first-round/,%20http://www.ccsettings.com/blog-posts/doctors-who-sued-ehr-company-win-first-round/.
- ↑ "Doctors Who Sued EHR Company Win First Round". http://www.medscape.com/viewarticle/779721.
- ↑ "Allscripts Guilty of Deception in EHR Certification, Sales Fight". https://ehrintelligence.com/news/allscripts-guilty-deception-ehr-certification-sales-fight.
- ↑ "Allscripts Lawsuit Serves As Warning To Physicians". http://www.healthitoutcomes.com/doc/allscripts-lawsuit-serves-as-warning-to-physicians-0001.
- ↑ "How Allscripts ended up with an $9.75M class action settlement". http://www.healthcaredive.com/news/how-allscripts-ended-up-with-an-975m-class-action-settlement/384729/.
- ↑ "Allscripts buys Practice Fusion for $100 million" (in en). 2018-01-08. https://www.healthcareitnews.com/news/allscripts-buys-practice-fusion-100-million.
- ↑ EHRIntelligence (2019-08-09). "Allscripts Pays $145M to Settle Charges Against Practice Fusion EHR" (in en-US). https://ehrintelligence.com/news/allscripts-pays-145m-to-settle-charges-against-practice-fusion-ehr.
- ↑ Farr, Christina. "Silicon Valley health-tech start-up took kickbacks to push doctors to prescribe opioids, DOJ finds". https://www.cnbc.com/2020/01/28/practice-fusion-took-kickbacks-to-push-opioids-to-doctors-doj-finds.html.
- ↑ "Allscripts Ransomware Update: Outages Expected through Monday" (in en). https://www.healthcare-informatics.com/news-item/cybersecurity/allscripts-ransomware-update-outages-expected-through-monday.
- ↑ "Allscripts sued over ransomware attack, accused of 'wanton' disregard" (in en). Healthcare IT News. 2018-01-26. https://www.healthcareitnews.com/news/allscripts-sued-over-ransomware-attack-accused-wanton-disregard.
External links
- Business data for Allscripts Health Solutions:
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