Allscripts revenue dips 3% in Q1: 4 details

Listen

Allscripts posted $368 million in revenue for the first quarter of 2021, down 3 percent from the $381 million in revenue it reported during the first quarter of 2020. 

Four things to know about the Chicago-based EHR vendor's financial performance for the first quarter of 2021, which ended March 31. 

1. Allscripts reported $194 million in bookings for the first quarter, up 6 percent from $183 million during the same time in 2020. 

2. Allscripts posted $9.1 million in net income for the first quarter, up from a $20.4 million net loss in the first quarter of 2020. 

3. Allscripts' software delivery, support and maintenance dipped by about $10 million, with the division making up $222.7 million of its revenue during the first quarter of 2021 compared to $232.1 million of its revenue in the first quarter of 2020. 

4. Allscripts expects to post $1.5 billion in revenue for the year.

 

Copyright © 2021 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars