Here are five things to know about the company’s performance.
1. Allscripts posted $426.1 million in revenue for the second quarter, up 10 percent from $386.5 million one year prior.
2. The company reported $279.3 million in revenue from software delivery, support and maintenance and $146.8 million in revenue from client services.
3. Allscripts reported the highest level of bookings in the company’s history, posting $407 million for the quarter, a 12 percent increase from last year.
4. The company posted a net loss of $143 million, with the net loss attributable to Allscripts stockholders totaling $153.7 million.
5. Allscripts increased its target revenue for full-year 2017. The company expects 2017 revenue to be in the range of $1.79 billion to $1.82 billion, up from its previous expectation of $1.71 billion to $1.74 billion.
More articles on health IT:
athenahealth restructures leadership, Jonathan Bush to continue as CEO
Report: Accidental disclosure of sensitive documents drives 42% of healthcare breaches
Startup Insider: 3 questions with Cricket Health CEO Arvind Rajan
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
