Veradigm Stock Price, News & Analysis

Allscripts Healthcare Solutions (NASDAQ: MDRX) is enhancing its digital health solutions in response to the COVID-19 pandemic. The company is collaborating with federal health agencies and public health organizations to improve vaccine administration and reporting. Key features being delivered include order management, billing, and allergy tracking, all integrated within their EHR systems. Allscripts aims to optimize vaccination efforts, supporting clients in achieving higher coverage rates. This commitment underscores Allscripts' role as a trusted partner in healthcare advancement during the pandemic.

Allscripts Healthcare Solutions (NASDAQ: MDRX) announced the general availability of Sunrise 20.0, a comprehensive health platform integrating key services such as acute care, pharmacy, and revenue cycle management. The upgrade includes over 150 enhancements, user experience updates, and significant performance improvements. Key features include modern RxWriter, M*Modal integration, and financial manager updates. The platform is enhanced by Microsoft Azure, promising improved efficiency and patient outcomes. This release reflects Allscripts' commitment to meeting global client needs.

Allscripts Healthcare Solutions (NASDAQ: MDRX) announced an accelerated share repurchase (ASR) program totaling $200 million, partnering with JPMorgan Chase and Wells Fargo. This initiative signifies a commitment to shareholder value and reflects the company's strong liquidity and confidence in its long-term strategy. The initial share delivery is approximately 11.7 million shares, with the final number determined by the average price during the ASR term. Allscripts' remaining repurchase authorization stands at about $67 million after this action.

Allscripts Healthcare Solutions (NASDAQ: MDRX) has partnered with the Nurse Heroes initiative to support nurses through scholarships for nursing education and career advancement. This collaboration underscores the urgency of addressing the projected shortage of one million nurses by 2022. The announcement coincides with a Thanksgiving Day virtual concert on NBC featuring notable entertainers, celebrating the contributions of nurses, particularly during the COVID-19 pandemic.

Veradigm, a business unit of Allscripts (NASDAQ: MDRX), has expanded its strategic partnership with HealthVerity to create innovative HIPAA-compliant data products. The collaboration will link diverse real-world data sources to enhance healthcare insights. Initial focus areas include developing data solutions for specific therapeutic areas and clinical research linking real-world and clinical trial data. The partnership aims to provide tailored data packages to meet market needs, utilizing Veradigm's EHR registry and HealthVerity's extensive data ecosystem.

Allscripts (NASDAQ: MDRX) successfully hosted its largest-ever Allscripts Client Experience (ACE) conference virtually, attracting eleven times the average number of clients. Industry leaders discussed pressing issues like the COVID-19 pandemic's impact on healthcare delivery. Attendees shared success stories using Allscripts solutions, with notable mentions of the Allscripts Sunrise™ system and the FollowMyHealth® patient portal. The event also raised funds for No Kid Hungry to combat global hunger exacerbated by the pandemic. CEO Paul Black emphasized the importance of collaboration in improving healthcare delivery.

Allscripts Healthcare Solutions (Nasdaq: MDRX) reported financial results for Q3 2020, showing bookings of $187 million, down from $236 million in Q3 2019. Revenue fell to $402 million vs. $444 million year-over-year. Despite these declines, the company achieved GAAP net income of $1 million, an improvement from a net loss of $6 million in Q3 2019. Non-GAAP earnings per share rose to $0.20. Adjusted EBITDA increased to $81 million, up from $74 million.

CEO Paul M. Black emphasized profitability improvements and ongoing focus on core business.

Allscripts Healthcare Solutions (NASDAQ: MDRX) will report its Q3 2020 financial results after market close on October 29, 2020. A conference call and webcast detailing the results will follow at 4:30 PM ET. Investors can access the announcement on the company’s investor relations website. The earnings report marks a significant event for stakeholders as it provides insights into the company's financial health and operational performance during the quarter.

Allscripts (NASDAQ: MDRX) has completed the sale of its subsidiary, EPSi, to Strata Decision Technology for $365 million as of October 15. EPSi specializes in providing financial decision support tools for healthcare institutions. This strategic divestiture aligns with Allscripts' objectives to optimize its healthcare information technology offerings and streamline operations.