Electronic health record systems vendor Allscripts announced it is looking at "strategic alternatives" after falling third quarter sales and net income down $10 million from a year ago, according to Healthcare Finance News.
The company is in the midst of speculation about going up for sale. CEO Glen Tullman said, "We are confirming today that in light of the ongoing interest expressed in the company by third parties, the company is evaluating strategic alternatives." He would not elaborate on what the alternatives might be.
The revenue losses may be attributed to Allscripts embarking on an ambitious release of new products while still trying to integrate outdated ones.
However, Mr. Tullman was optimistic during his conference, noting the open platform and mobility offerings from Allscripts.
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The company is in the midst of speculation about going up for sale. CEO Glen Tullman said, "We are confirming today that in light of the ongoing interest expressed in the company by third parties, the company is evaluating strategic alternatives." He would not elaborate on what the alternatives might be.
The revenue losses may be attributed to Allscripts embarking on an ambitious release of new products while still trying to integrate outdated ones.
However, Mr. Tullman was optimistic during his conference, noting the open platform and mobility offerings from Allscripts.
More Articles on Billing, Coding and Collections:
5 Tips for Collecting in Full From Surgery Center Patients
Radiation Oncology Receives 7% Medicare Fee Reduction
First Databank Includes ICD-10 Codes in MedKnowledge Database