The ShinesRooms.com Provides Stock Research on Allscripts Healthcare Solutions Inc. and Cerner Corp.
New York City, New York -- Although global economic environment remained uncertain in 2012, healthcare information services industry continued to grow at a robust pace. The trend is expected to continue in 2013, driven The Health Information Technology for Economic and Clinical Health (HITECH) Act and The Patient Protection and Affordable Care Act (ACA). Companies such as Allscripts Healthcare Solutions Inc. (MDRX) and Cerner Corporation (CERN) are well-positioned to benefit from the growth in the healthcare information services industry.
Access our free reports on Allscripts Healthcare Solutions Inc. and Cerner Corp.Traders can also connect to our Wall Street Trading Floor where our research desk and market pros are standing between 8:50 am to 4:15 pm ET at
The healthcare industry, in the last few years, has recognized the role information technology can play in making healthcare system a lot more efficient. As the industry continues to invest heavily into technology, the healthcare information services industry can expect robust growth in the coming years. The healthcare information technology market is expected to grow to approximately $160 billion by 2015. Growth will be driven by the need to build efficient healthcare delivery models and reduce costs.
Last week, Allscripts Healthcare Solutions announced that Resolute Health, a Texas-based new health and wellness provider, selected the company’s Sunrise Clinical Manager™ Electronic Health Record (EHR) with the goal of improving its community’s health by offering better, more efficient care. Our free research report onAllscripts Healthcare Solutions Inc.can be downloaded upon registration at
Paul M. Black, President and CEO of Allscripts Healthcare Solutions, said that the company supports Resolute Health’s commitment to prevention and looks forward to providing the organization with tools to help meet its population health goals.
A month ago, Allscripts Healthcare Solutions Inc. also reported its fourth quarter financial results. For the quarter, the company reported bookings of $180.7 million. Its GAAP revenue for the quarter was $350.9 million, while its non-GAAP revenue for the quarter was $368 million. Adjusted EBITDA for the quarter was $53.6 million. The company reported net loss of $24.3 million for the quarter. On a non-GAAP basis, the company had a net income of $28.1 million for the fourth quarter.
Black said that the company’s fourth quarter and 2012 financial results did not meet its expectations. Black noted that with the conclusion of the strategic alternatives process in late December, the company is moving forward to deliver on its mission to transform healthcare delivery globally.
On Friday March 01st, Cerner Corporation announced that it has been selected by WellPoint Inc. to join forces on a project to test ICD-10 business continuity. This follows news Cerner announced a week back stating that it signed an agreement to acquire PureWellness. The company believes that the acquisition of PureWellness will further position it to help organizations manage the health and care of their populations. The company expects to close the acquisition this month.Cerner Corp.free research is available today at
The company also reported its financial results for the fourth quarter of 2012 about a month ago. For the quarter ended December 29, 2012, Cerner Corporation posted revenue of $710.4 million, a record and up 15% on a year-over-year basis. The company’s GAAP net earnings for the quarter were $111.8 million, or $0.63 per share.
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Michael Thomas Smith
- Investment & Company Information
- Cerner Corporation
- Health Information Technology