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Allscripts Healthcare Solutions SWOT and PESTLE Analysis

ID : 521361953| Feb 2023| 21 pages

COMPANY PROFILE -Allscripts Healthcare Solutions

Business Sector :Healthcare

Operating Geography :United States, North America, Global

About Allscripts Healthcare Solutions :

Headquartered in Chicago, Illinois, United States, Allscripts Healthcare was founded in 1981 by Glen Tullman. Allscripts Healthcare Solutions is an American company that provides hospitals, physician practices and other healthcare providers with electronic health record and practice management technology. It also provides products for patient engagement as well as analytics and financial technology. Allscripts Healthcare has more than 180,000 physician users along with products in 2,700 hospitals and 13,000 extended care organizations. Till date Allscripts has merged with two healthcare systems Misys and Eclipsys to create the industry's largest network of clients and the company has also acquired dB Motion Ltd, Practice Fusion and ZappRX. As of early 2022, Allscripts Healthcare’s number of employees are 8,000. The awards and accolades received by Allscripts Healthcare are as follows: It received the Black Book Ambulatory EHR Award, Black Book Practice Management Solution Award, Company of the Year Award by Frost and Sullivan, Best Practices Award and Health Partner of the Year Award by Microsoft.

Allscripts mission statement is “To be a clear leader in software, services, information and connectivity solutions that empower physicians and other healthcare providers to deliver best-in-class patient safety, clinical outcomes and financial results”. The Unique Selling proposition or USP of Allscripts Healthcare lies in providing innovative solutions to connect people, places and data across an open, connected community of health. Connectivity empowers physicians and healthcare providers for better decision making and providing proper care for healthier populations. It designs industry- leading Electronic Health Records to meet the needs of today’s healthcare environment.

Allscripts Healthcare Solutions Revenue :


US$ 1,503 million - FY ending 31st December 2021 (y-o-y growth 2%)
US$ 1,502 million - FY ending 31st December 2020

Competitive Analysis of Allscripts Healthcare Solutions

SWOT
PESTLE
The SWOT analysis for Allscripts Healthcare Solutions is presented below in a matrix followed by the detailed analysis report:
StrengthsWeaknesses
1. Well curated product offerings that cater to both individual practices and large institutions
2. Excellent record of acquiring promising companies in the Healthcare IT industry to consolidate growth and expansion
3. Highly specialized and dedicated workforce who are kept motivated through training and innovative opportunities
4. Strong focus on R&D and large customer base
1. Customer dissatisfaction due to slow redressal of product issues
2. Predicting the sales cycle and implementation schedule for products and services is challenging
OpportunitiesThreats
1. Rapid advancements in allied technology like API integration, IoT, Big Data
2. Increasing telehealth adoption in the wake of Covid pandemic
3. Strategic alliances to advance digital growth
1. Increasing sophistication of Cybersecurity threats such as data theft, ransomware, privacy concerns
2. Increasing government intervention in the healthcare industry
3. Highly competitive industry with rapid technological changes
4. Changing regulatory healthcare landscape may lead to reduction in prices
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Detailed SWOT Analysis of Allscripts Healthcare Solutions

Strength

1. Well curated product offerings that cater to both individual practices and large institutions: AllScripts has successfully established its presence as an all-round solution provider for IT needs of the modern healthcare industry. By offering electronic health records ("EHR"), financial management, population health management, and consumer solutions, Allscripts' portfolio, offers some of the most comprehensive solutions in the industry today, which aids clients in improving the quality and efficacy of healthcare. Its solutions, which are built on an open integrated platform, let users exchange data, use functionality from other software vendors, and streamline workflows. The goal of the Allscripts Developer Program is to help clients get the most out of their Allscripts investment by fostering relationships with other developers. Apart from its popular EHR offerings for hospitals, it also provides powerful tools to individual practitioners and small clinics. Further, it has successfully forayed into Financial and Operational management, Population Health management, Precision medicine and Patient Engagement products.

The remaining section under "Strength" is available only in the 'Complete Report' on purchase.

Weakness

This section is available only in the 'Complete Report' on purchase.

Opportunity

This section is available only in the 'Complete Report' on purchase.

Threat

This section is available only in the 'Complete Report' on purchase.

Major Competitors :

  • Epic Systems
  • Optum
  • Intersystems
  • MediTech
  • Athena Health
  • Medidata

Major Brands :

  • Sunrise EPSi
  • Sunrise Patient Flow
  • Sunrise Clinical Analytics
  • AllScripts Care Management
  • AllScripts ED
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References used in Allscripts Healthcare Solutions SWOT & PESTLE Analysis Report

1. Annual Report - https://investor.allscripts.com/static-files/7644b739-4a95-4372-813a-7989b4634091
2. Why Allscripts solutions? - https://www.allscripts.com/solutions/
3. Bridging the Great Health Divide: efforts to save rural hospitals, like Salem Memorial District Hospital, from closing - https://www.msn.com/en-us/health/medical/bridging-the-great-health-divide-efforts-to-save-rural-hospitals-like-salem-memorial-district-hospital-from-closing/ar-AATRgsb?ocid=BingNewsSearch
4. Allscripts Launches Guided Scheduling, Leveraging Artificial Intelligence to Improve Patient Care and Increase Healthcare Operational Efficiencies - https://investor.allscripts.com/news-releases/news-release-details/allscripts-launches-guided-scheduling-leveraging-artificial
The detailed complete set of references are available on request in the 'Complete report' on purchase.

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SWOT & PESTLE.com (2024). Allscripts Healthcare Solutions SWOT and PESTLE Analysis - SWOT & PESTLE.com. [online] Available at: https://www.swotandpestle.com/allscripts-healthcare/ [Accessed 25 Apr, 2024].

In-text: (SWOT & PESTLE.com, 2024)

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