During, and in the run-up to, HIMSS earlier this month there were several announcements from US EHR vendors that will shake up the US EHR market, particularly in the ambulatory segment. These included:
- Allscripts’ announcement that it is to sell its Sunrise, Paragon, TouchWorks, Opal, dbMotion, STAR and HealthQuest business to Harris Computer Corp.
- Meditech’s announcement that Expanse Ambulatory is to be made available to independent and physician-owned practices, alongside its
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practice fusion
Analysis: January Health IT M&A Activity; Public Company Performance
– Healthcare Growth Partners’ (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of January 2020.
Ten years into the bull market, we operate in a heightened state of awareness for any indication of market weakness that may signal a downturn. While debt levels are rising and GDP growth somewhat sluggish, the world of private equity, public equity, and M&A continues to be in full swing bull market
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Analysis: Cerner, Epic, Allscripts and MEDITECH’s International EHR Endeavours
In this insight, we assess how the top US acute EHR vendors, namely Epic, Cerner, Allscripts and MEDITECH (+85% share of US acute market in terms of revenues), have progressed specifically on the third point, international expansion.The below figure shows that there is a significant variance amongst the big four in terms of revenue and share of business outside the US. Cerner has by far the highest revenue at more than $600M in 2018, representing 12% of its business. Whilst MEDITECH has much
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American College of Cardiology to Launch Ambulatory Chronic Disease Network
The American College of Cardiology and Veradigm have announced a strategic partnership create the largest ambulatory chronic disease network in the United States with more than 250,000 clinicians and 100 million patients. The partnership will integrate Veradigm's technology and analytic capabilities with ACC's NCDR PINNACLE Registry and Diabetes Collaborative Registry.In addition, the integration will leverage Veradigm's large specialist and primary care provider network on Allscripts and
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DrChrono Offers Discounted EHR Pricing for Current Practice Fusion Customers
DrChrono, today announced a new a new offer for current Practice Fusion customers that want to move their data from their current system to the DrChrono cloud-based EHR platform. Current Practice Fusion customers that want to sign up for this new plan from DrChrono receive special discounted pricing, a free iPad and data importing.Practice Fusion, after being acquired by Allscripts for $100M, recently announced to their users that their EHR would no longer be free. Their users, by continuing to
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Allscripts to Acquire Practice Fusion’s Physician Practice EHR for $100M
Allscripts has reached a definitive agreement to acquire cloud-based EHR platform Practice Fusion for $100 million in cash, subject to adjustment for working capital and net debt. Founded in 2005, Practice Fusion offers an affordable certified cloud-based EHR for traditionally hard-to-reach small, independent physician practices, supporting 30,000 ambulatory practices and 5 million patient visits a month.The strategic acquisition of Practice Fusion will complement and round out Allscripts
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Practice Fusion EHR Achieves Quality Assurance (NCQA) Certification
Practice Fusion, the web-based EHR company, has achieved Patient-Centered Medical Home (PCMH) pre-validation from the National Committee for Quality Assurance (NCQA) for NCQA’s PCMH 2017 Program. This status brings Practice Fusion’s customers one step closer to achieving PCMH recognition through the streamlined identification of potential health IT solutions. Practices that are able to attain PCMH Recognition reap a number of measurable benefits as well as maintaining and improving upon the
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Practice Fusion Unveils EHR-Integrated Post-Marketing Active Safety Surveillance Program
EHR provider Practice Fusion has unveiled a first of its kind post-marketing active safety surveillance program within its EHR platform. The new active safety surveillance program can help facilitate Adverse Events of Special Interest (AESI) reporting by messaging healthcare providers directly at the point of care about AESIs their patients may have experienced during the course of therapy.Post-Marketing Active Safety Surveillance Program BenefitsThe post-marketing active safety surveillance
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Practice Fusion Founder Launches Heart Monitoring Smartwatch – iBeat Life Monitor
After stepping down as the CEO of cloud-based EHR platform Practice Fusion in mid-2015, founder Ryan Howard is back with a new digital health startup focused on a life-saving Wearable-as-a-Service. The startup is currently developing its first product, iBeat Life Monitor, a heart monitoring smartwatch wearable that perpetually monitors and detects cardiac arrest, heart attack, and atrial fibrillation. Similar to your average medical alert system for seniors, in the case of a life-threatening
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Practice Fusion Lays Off 75 Employees To Become Cash Flow Positive
Cloud-based EHR platform Practice Fusion has laid off about 75 employees, including people in engineering, marketing, practice sales in an effort to become fiscally responsible, Techcrunch confirms. The layoffs were announced on Wednesday during an all-hands meeting and represents about a quarter of the San Francisco-based EHR provider’s workforce.
Despite its efforts to become cash-flow positive, Practice Fusion reported 70% year-over-year growth with $26.9M in 2014 and is expected to reach
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