Business Description
Allscripts Healthcare Solutions, Inc. (“Allscripts”) delivers information
technology (“IT”) solutions and services to help healthcare organizations
achieve optimal clinical, financial and operational results. Our solutions and
services are sold to:
Physicians
Retail pharmacies
Hospitals
Pharmacy benefit managers
Governments
Insurance companies
Health systems
Employer wellness clinics
Health plans
Post-acute organizations
Life-sciences companies
Consumers
Retail clinics
Lab companies
Allscripts also completed a transaction pursuant to which Allscripts exchanged
its entire holdings of the NantHealth common stock for NantHealth’s provider
and patient engagement solutions business, including the FusionFX solution and
components of NantOS software connectivity solutions. In addition, NantHealth
amended its mutual license and reseller agreement with us to, among other things,
commit to deliver a minimum dollar amount of software and related services from
Allscripts over a 10-year period.
Our portfolio, which we believe offers some of the most comprehensive solutions
in our industry today, is designed to help clients advance the quality and efficiency
of healthcare by providing electronic health records (“EHR”), financial
management, population health management and precision medicine/consumer solutions.
Built on an open integrated platform, Allscripts solutions enable users to exchange
data, streamline workflows and leverage functionality from other software vendors.
The Allscripts Developer Program focuses on nurturing partnerships with other
developers to help clients optimize the value of their Allscripts investment.
During 2017, we completed the acquisition of McKesson’s hospital and
health system business known as Enterprise Information Solutions (“EIS”)
(the “EIS Business”). It expands our ability to meet the strategic
needs of a broader range of hospitals and health systems, ranging from critical
access and community hospitals to the largest, most complex integrated delivery
networks. We expect that our combined customer base will mutually benefit from
the increased breadth of the Allscripts portfolio. For example, clients of the
EIS Business will benefit from our numerous solutions that are designed to help
them stay ahead in the increasingly competitive environment in which they operate:
precision medicine, cross community care coordination, consumer solutions and
financial analytics.
We derive our revenues primarily from sales of our proprietary software (either
as a direct license sale or under a subscription delivery model), which also
serves as the basis for our recurring service contracts for software support
and maintenance and certain transaction-related services. In addition, we provide
various other client services, including installation, and managed services
such as outsourcing, private cloud hosting and revenue cycle management.
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