Allscripts eliminates 250 jobs

Chicago-based health IT vendor Allscripts has cut 250 jobs, which is approximately 3.5 percent of its global workforce, according to a Chicago Tribune report.

Most of the eliminated jobs were based in the United States, but some were overseas, according to the report.

"As a normal course of business, we are rebalancing our teams to ensure we have the right resources allocated to the right projects," Concetta DiFranco, Allscripts spokeswoman, told the Chicago Tribune.

Allscripts has moved some operations in software development overseas, which the company said allows it to be more efficient and cost-effective in addressing software design and product development changes, according to the report.

In the first quarter 2015, ended March 31, Allscripts reported a $10.1 million loss, equal to 6 cents a share. Additionally, Allscripts reported revenue of $335 million in Q1 2015, a 2 percent decline as compared to the previous year, but the value of signed contracts increased 6 percent as compared to the same time last year, according to the report.

More articles on health IT:

AMA president suggests skipping ICD-10, going directly to ICD-11
Mayo, Baylor partner on precision medicine genome sequencing in biobank
UPMC data theft by third-party employee affects 2,200 patient records

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months