CHICAGO – The good times just keep on rolling for Allscripts.
The Chicago-based provider of clinical software, connectivity and information solutions for physician practices today announced its largest-ever contract for its electronic health record (EHR). The contract with the Columbia University Medical Center positions the company to provide EHRs to Columbia’s outpatient physician group and planned community-based Independent Practice Association.
Columbia’s physician group represents nearly 2,200 faculty members, according to a press release, and includes 16 past and current winners of the Nobel Prize in medicine or physiology and 45 members of the Institute of Medicine.
“This is an important step to enhance the quality of patient care by facilitating access to clinical information for patients and their physicians,” said Richard U. Levine, MD, president of Columbia’s physician group, in a press release. “We, as is the case with major medical centers, have complex information sharing needs and this investment should allow our healthcare providers to interact in a flexible and coordinated way.”
Allscripts will implement its EHR beginning next year, connecting with the IDX/GE Centricity practice management system used by Columbia’s faculty practice organization. In addition, Allscripts will interface with NewYork-Presbyterian Hospital’s inpatient clinical information system to enable physicians and staff in Columbia’s faculty practice to have access to important patient information.
“We are extremely proud that Columbia University Medical Center, one of the most prestigious healthcare institutions in the world today, selected Allscripts as their electronic health information partner,” said Glen Tullman, Allscripts’ CEO, in a press release. “This technology, through the real-time information and connectivity it provides, allows physicians to focus on patients, not paperwork, and deliver a seamless, high quality patient experience.”
Buoyed in part by an Internal Revenue Service clarification of the so-called Stark anti-kickback law last May, Allscripts has been sealing deals with several hospitals and healthcare providers looking to extend their EHR and practice management solutions to outlying physicians. Those include contracts with Butler Health Systems in Butler, Pa., the Frankford Health Care System in Philadelphia, Saint Francis Hospital in Hartford, Conn., Northwest Hospital in Seattle, the Blessing Health System in Quincy, Ill., the Ochsner Health System of New Orleans, Novant Health in Winston-Salem, N.C., Albany Medical Center in Albany, N.Y., Electronic Medical Resources of Houston and Southwestern Medical Clinic in Berrien Springs, Mich.
That type of business helped land the company on Fortune magazine’s recent list of the 100 fastest-growing companies in the United States. Allscripts weighed in at 23rd on the list, which is due to be published this month, with earnings-per-share growth of 138 percent, revenue growth of 38 percent and total return of 48 percent.