Allscripts reports 9% increase in bookings, breaks Q1 record: 4 notes

Allscripts posted $286 million in bookings for the first quarter of 2019, up 9 percent year over year.

Four things to know about the company's financial performance:

1. Compared to the $263 million in bookings during the first quarter of 2018, this is the best booking performance Allscripts has recorded.

2. Allscripts posted $432 million in revenue for the first quarter, down 0.2 percent from $434 million during the same period last year.

3. Allscripts reported a net loss of $7.6 million, an 82 percent decrease from the company's net loss of $39.8 million during the first quarter of 2018.

4. The company anticipates earning between $900 million and $1 billion in bookings for the full year.

More articles on EHRs:
VA, DOD progress on EHR systems integration is 'terrible,' lawmakers say
Mississippi health system now live on Epic: 3 things to know
Cerner's chief people officer to retire in June

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


Featured Webinars

Featured Whitepapers