Allscripts offers some employees buyouts

Allscripts is reportedly offering buyouts to some employees in the form of an early retirement program, the Chicago-based EHR vendor confirmed to Politico Morning eHealth newsletter.

A former employee told Politico the offers are widespread, but a company spokesperson said only some of the "eligible associates have opted to take advantage of the offer."

"As Allscripts continually looks to balance resources across the company to ensure we are best supporting clients, and as the company continues to realize expected synergies resulting from our recent acquisitions, Allscripts offered a Voluntary Early Retirement Program to a limited number of eligible U.S.-based associates," a company spokesperson told the publication.

Over the past year, Allscripts has acquired Practice Fusion and parts of McKesson and NantHealth. Its most recent quarterly earnings results showed revenue was up 24 percent at $514 million, compared with the same period one year prior. However, Politico noted "those gains were nearly matched on a percentage basis by rising interest costs," the report reads.

More articles on EHRs: 
House plans to form panel to track VA's EHR overhaul
Allscripts partners with MedAware for medication decision support
Mayo Clinic looking to store health records on blockchain

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers