Allscripts Healthcare Solutions, Inc. offers clinical software, services, information and connectivity solutions that enable physicians and healthcare providers to deliver patients safety and clinical outcomes in the US. The Company provides intuitive clinical and business solutions including Electronic Health Records, practice management, revenue cycle management, document management, electronic prescribing, clinical trials and services for small to mid-sized practices. It also provides advanced clinical and business solutions including Electronic Health Records, practice management, revenue cycle management, document management, electronic prescribing, clinical trials and optimization services for large physician practices, academic medical centers and hospitals. In addition, the Company's Health Systems Group has Emergency Department and care management systems for hospitals, as well as homecare and referral management solutions for post-acute providers. Allscripts is headquartered in Chicago, Illinois.
Industry:MEDICAL INFO SYS Sector: Medical Fiscal Year End:December Last Reported Quarter:03/31/12 Next EPS Date:08/07/12
Capital Structure Solvency and Cash Flow
Capital Structure/Solvency/Cash Flow
At the end of 3Q10, cash, including long-term marketable securities, increased 30% on a sequential basis to $117.7 million.
Days sales outstanding (DSO) were 91 days in 3Q10, up 8 days on a sequential basis.
The company generated about $46.5 million in operating cash flow in 3Q10, up 137% y/y, and up from $19.8 million in 2Q10.
After recognizing capital expenditure and software R&D capitalization, MDRX’s free cash flow was $38.4 million in 3Q10 versus $11.7 million in 2Q10. MDRX utilized available cash in hand to pay down $14 million in debt. Net of this payment, MDRX had no outstanding debt.
In 3Q10, MDRX’s software capitalization was $4.9 million, approximately flat on a sequential basis.
Last edited Fri May 14, 2010 02:24 AM by SudiptaMukherjee (Zacks Investment Research)
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Governance Social Responsibility and Employee Relations
MDRX and CVS Caremark (CVS) announced, in January 2010, an agreement that will position both companies to help accelerate adoption of e-prescribing technology. This agreement between the nation's largest pharmacy health care provider and the largest provider of e-prescribing and Electronic Health Record (EHR) solutions will enhance the ability of CVS Caremark to support its payer and employer clients in driving e-prescribing adoption throughout their networks.
Last edited Fri May 14, 2010 02:24 AM by SudiptaMukherjee (Zacks Investment Research)
Recent and Upcoming Events
Major Risks
• MDRX faces competition from larger healthcare information technology (HIT) vendors.
• Contract deferrals by prospective customers can have an adverse impact on earnings of the company.
• Future contracts may be largely from smaller physician practices offering the company lower margins.
Last edited Fri May 14, 2010 02:25 AM by SudiptaMukherjee (Zacks Investment Research)
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