Allscripts Posts $2M Loss in 2015 with Revenue Remaining Flat
Chicago-based vendor Allscripts Healthcare Solutions this week reported flat revenue for full-year 2015 and a loss of $2 million but bookings increased 20 percent compared to 2014.
Allscripts shrunk its revenue loss in 2015 to $2 million compared to a net loss of $66 million in 2014, according to a press release from the company.
Bookings in the fourth quarter of 2015 were $343 million, a corporate record, compared to $244 million in the fourth quarter of 2014, a 41 percent increase. According to the company, it experienced strong demand for software and services across all client segments, including health systems, hospitals, physician practices and the post-acute market. International sales also contributed meaningfully to the bookings performance, the company stated, as internal sales reached the highest level in four years.
Fourth quarter 2015 revenue totaled $346 million, a one percent year-over-year increase.
The vendor reported full year bookings of $1.1 billion, a 20 percent increase from 2014, while revenue remained flat, increasing slightly from $1.378 billion in 2014 to $1.386 billion in 2015.
Paul Black, Allscripts’ CEO, said in a statement, “2015 finished strong, and we have excellent momentum as we enter 2016. The company is financially fit, profitable and positioned well, offering a robust and complete solutions portfolio to enable the transformation to value-based care across the healthcare industry in the United States and globally.”
Allscripts said it expects year-end 2016 revenue between $1.430 billion and $1.460 billion.
