Five notes:
1. The Chicago-based EHR vendor reported 19 percent increase in bookings for the third quarter, up from $198 million during the same time last year.
2. Allscripts posted $444.2 million in revenue for the third quarter, a 2.7 percent increase from $432.5 during the third quarter of 2018.
3. Software delivery, support and maintenance made up the majority of Allscripts’ total revenue for the third quarter at $284.4 million. The remaining revenue is attributed to client services at $159.8 million.
4. The company reported a slight dip in net income for the third quarter at $28 million, down 3 percent from $29 million during the same time last year.
5. Allscripts anticipates its full-year 2019 bookings to be between $1.05 billion and $1.1 billion.
More articles on EHRs:
UVM Health Network to deploy first phase of $150M Epic EHR
Physician viewpoint: EHR’s tone, word usage can fuel physician insecurities
California hospital installs $30M Cerner EHR
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.