Change Healthcare
Comparing Change Healthcare with Allscripts competitors and alternatives, we find that the company enjoys a solid customer base and a robust financial model. Change Healthcare generates revenue primarily through recurring transactional and monthly-subscription formats, as well as per-click and contingency-based contracts. For fiscal year ended March 31, 2019, revenue was 88% recurring and 44% non-recurring. Change Healthcare's focus is on expanding customer relationships and increasing its revenue through cross-selling and acquiring additional companies.
The company's customer base is highly diverse, with no single customer representing more than 4% of its revenue. Moreover, Change Healthcare's top 50 customers average more than 20 years of relationship with the company. Further, the company expects to grow revenue over the next four years by adding synergies and operational efficiency. Despite these challenges, the company's growth potential is bolstered by its ability to acquire and integrate multiple businesses.
Cerner
If you are interested in an EHR, you may be looking for a competitive solution. Cerner EMR offers a number of competitive products and services. For example, Cerner's Millennium EHR is an easy-to-use platform for clinicians that provides real-time access to patient health data. It also includes PowerChart Touch, a tool that streamlines the clinical workflow of physicians and allows them to review patient charts on their mobile devices. Cerner is also a founding member of the CommonWell Health Alliance, which promotes interoperability among competing EHRs.
Cerner was founded in 1979 by Neal Patterson, Paul Gorup, and Cliff Illig. It was initially known as PGI and Associates but changed its name in 1984. The company began providing laboratory clinicians with a computer-based information system known as PathNet. The company also went public in 1986. Its revenues are around $2 billion. Cerner's competitors include Meditech, Epic Systems, and Cerner.
CPSI
AdvancedMD was founded in 1999 and now offers a comprehensive set of health IT solutions to more than 22,500 practitioners. In addition to mobile apps, advanced features of AdvancedMD's EHR include electronic faxing and high-priority checkboxes on EHR charts. Allscripts is a Massachusetts-based company with two EHR solutions: AdvancedMD and CPSI. In 2017, Allscripts acquired Paragon and McKesson's EIS business. It also recently announced an ambulatory EHR solution and is expected to hit the market by 2018.
Another competitor to Allscripts is CPSI, a provider of electronic health records. Founded in 1979, CPSI has an impressive history of success in the medical field. With its MP-EMR application, hospitals can easily manage patients and streamline administrative tasks. This company is still relatively new, but boasts some unique features that differentiate it from its competitors. Additionally, the company has a nTrust program that eliminates upfront EHR costs.
Meditech
When comparing Allscripts with competing systems, potential buyers will want to look for different competencies across categories like integration, deployment, and service and support. They should also consider specific product capabilities. This article will explore how each company compares to Allscripts. You should also check out Meditech's customer reviews. These ratings are based on data from Gartner. This will help you decide which EHR is right for you.
If you're looking for an EHR for a small or midsize practice, Allscripts may be the perfect option. But if you want a solution for larger practices, Meditech is one of the top Allscripts competitors and alternatives. Its eClinicalworks solution streamlines workflows for healthcare providers. The only disadvantage of Meditech is that it must be installed on-premise.
CPSI Health
If you're considering switching from Allscripts, consider CPSI Health, a publicly-traded company based in Alpharetta, Georgia. The company has nearly 6,000 more employees than Allscripts and was founded in 2001. In addition to doubling its revenue in five years, CPSI has been growing through acquisitions and added new facilities. The company's growth trajectory has continued to show promise.
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Allscripts' FollowMyHealth platform enables patients to interact with their doctors, renew prescriptions, view and update their health information. Likewise, Allscripts' FollowMyHealth Achieve platform helps physicians monitor patient compliance and track progress to improve health outcomes. Lastly, athenahealth offers a patient portal aimed at enhancing patient engagement and highlighting the potential for patients to manage routine inquiries on their own.
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