Report
Anna Baran
EUR 100.00 For Business Accounts Only

No-Moat Allscripts Faces Challenging Near-Term HCIT Operating Environment

Allscripts reported fourth-quarter earnings slightly below both our and consensus expectations. Despite the $23 million shortfall in revenue and decline in backlog attributable to delayed client upgrades, bookings grew double-digits (excluding Netsmart) and management noted strength across all segments. The sale of Netsmart and reduced transparency make comparisons for the quarter difficult, but the outlook for no-moat Allscript’s mature healthcare information technology business remains challen...
Underlying
Allscripts Healthcare Solutions Inc.

Allscripts Healthcare Solutions delivers information technology solutions and services. The company is engaged in providing electronic health records (EHRs), financial management, population health management, medicine and consumer solutions. The company's segments are: Clinical and Financial Solutions, which consists of the sale of integrated clinical software applications and financial and information solutions, including EHR-related software, connectivity and coordinated care solutions, financial and practice management software, related installation, and revenue cycle management; Population Health, which consists the sale of health management, financial management and patient engagement solutions.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Anna Baran

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