Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) slumped at the end of last week but as the markets opened this week after hours of trading the stock gained 2.65% to close the day at $11.72.
The gain comes at the back of Allscripts solutions announcing that Heritage Valley Health Systems had signed an expansion and extension agreement for 10 years for the integrated delivery system
Expansion of delivery systems
The expansion will be on outpatient facilities and physician practices in three facilities in Beaver, Sewickley as well as the Ohio Valley hospital. The expansion will offer complete integrated clinical as well as financial platform including the Sunrise™ Financial Manager, Allscripts Sunrise™ HER, Allscripts EPSi™, and dbMotion™ Solution.
The Heritage Valley Health System is an integrated delivery system worthy $535 million and it provides healthcare for Beaver, Allegheny, Lawrence and Butler County residents in Pennsylvania as well as Eastern Ohio. It has a partnership with over 350 physicians and 4,400 employees that offer a variety of medical, diagnostic and surgical services their three hospitals as well as 60 physician offices and 21 satellite facilities in the community.
The clinical and financial platforms
The Allscripts Sunrise integrated solution connects clinical and financial care aspects such as emergency, inpatient, outpatient care and surgery. The system has been built to serve care issues by supporting clinical decisions in all care venues through the delivery of a single patient record for improved access and convenience.
The dbMotion solution provides data aggregation from different sources and harmonizes that information to deliver it in a format that is useable and actionable at the care center. EPSi offers the flexibility of patient clinical and financial data and it has been designed to give actionable insights that will enable health systems in hospitals to manage costs as well as optimize their budgets.
Norm Mitry, the CEO of Heritage, said that this was an incredible opportunity for their organization to get a chance to use the high performing EHR to develop an integrated record of patients.
The CEO of Allscripts, Paul Black, said that they were delighted to have heritage valley systems expand and renew their partnership.