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Allscripts Healthcare, LLC

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Allscripts Healthcare, LLC - Healthcare showcase

Year Founded & Workforce

1986

8,400 Employees

Industry

Healthcare

Services

Healthcare Big Data Analytics Market
A

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Allscripts Healthcare, LLC Overview

Company Headquarters: Illinois, US ‎

Founded: 1986

Workforce: ~8,400

Company Working: Allscripts Healthcare, LLC (Allscripts) is a leader in healthcare information technology solutions, providing advanced clinical, financial, and operational results to clients. The company offers comprehensive healthcare industry solutions designed to help clients improve the quality and efficiency of healthcare services by providing electronic health records (EHR), financial management, population health management, and precise medicine/consumer solutions. The company has a global presence across 7 countries: the US, Australia, India, Canada, Singapore, Israel, and the UK.

Strategy

Allscripts Healthcare, LLC focuses on expanding its software and solutions business in terms of product reach and target users. The company aims to provide smarter products that connect providers to patients and payers in all healthcare settings. It focuses on innovating new products that help healthcare providers better manage the patient population, especially patients suffering from chronic diseases.

Company Snapshot

$1,632.6M

Revenue

8,400

Employees

1986

Founded

Illinois, US ‎

Headquarters

SWOT Analysis

Strengths

  • Diverse product portfolio of electronic medical records software (EMR) solutions
  • High free cash flow
  • Highly skilled workforce due to staff training programs
  • Strong global presence

Weaknesses

  • Insufficient financial planning
  • Highly dependent on the US for sales

Opportunities

  • Strategic expansion into untapped regions
  • Rapid advancement in allied technology like API integration, IoT, big data

Threats

  • Rising competition in the healthcare IT space
  • Changing regulatory environment

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Key Developments

DateApproachDevelopment
January 2018AcquisitionAllscripts Healthcare, LLC (US) acquired Practice Fusion (US), a health IT vendor, to offer cloud-based EHR and data analytics tools for life science companies. The acquisition will allow Allscripts to extend its big data analytics capabilities, gain clientele among smaller physician practices, and continue to deliver data-driven solutions to the life science sector.

Product Offering

  • Allscripts Healthcare, LLC
    • Healthcare Big Data Analytics Market

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales fell from USD 1,632.6 Mn in 2019 to USD 1,503 Mn in 2021.
Allscripts Healthcare, LLC — By Business Segment
Series (USD Mn)201920202021
Sales1,632.61,502.71,503
R&D Expenditure245.4206.1193.7

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