AllscriptsMisys to Drive Healthcare Transformation
Merger Completed to Create Market Leader with Nearly One in Three U.S. Physicians and a Focus on Connecting Healthcare to Improve Quality, Eliminate Errors and Reduce Costs
CHICAGO and LONDON (October 13, 2008) –
Allscripts-Misys Healthcare Solutions Inc. (AllscriptsMisys) today begins its first day as a combined company with an ambitious plan to connect healthcare in order to improve quality, reduce errors and lower costs for the American healthcare system. Formed by the merger of a subsidiary of Allscripts Healthcare Solutions, Inc. and Misys Healthcare Systems, LLC, the newly integrated company is among the largest providers of Electronic Health Record and Practice Management solutions in the United States, with a client base of nearly one-third of the nation’s practicing physicians. AllscriptsMisys also provides information and connectivity solutions to more than 700 US hospitals and nearly 7,000 post-acute and homecare organizations.
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By virtue of its size and ability to connect providers to stakeholders across the healthcare community, AllscriptsMisys is uniquely positioned to support the increasing focus on the health of patients and the healthcare organizations that deliver services to them.
“AllscriptsMisys is the perfect marriage of two great companies,” said Jess Kupec, President and Chief Executive Officer of Saint Francis Physician Hospital Organization (PHO) in Hartford, Conn., which represents over 650 physicians in 300 locations. “We were already using software from both companies to help our physicians automate clinical and financial tasks while at the same time connecting them to critical information they need to improve the quality of care. This combination makes it easier for Allscripts and Misys clients to select and connect the best products.”
AllscriptsMisys aims to be the clear leader in providing innovative software, connectivity and information solutions that empower physicians and other healthcare providers to improve the health of their patients and their bottom line. Every day approximately 150,000 physicians across the United States utilize one or more of the company’s portfolio of Electronic Health Records, Practice Management, ePrescribing and other ambulatory solutions. Additionally, hundreds of hospitals and thousands of post-acute facilities — including home care agencies and hospices — utilize the company’s Emergency Department, Care Management and Homecare solutions.
The brand name of AllscriptsMisys is Allscripts.
“AllscriptsMisys has the size and scope to bring real transformation to healthcare by using our software to connect physicians and other key healthcare stakeholders to the information they need to deliver higher quality outcomes,” said Glen Tullman, Chief Executive Officer of AllscriptsMisys. “We want to eliminate the paper, the waste, the errors and the patient inconvenience associated with today’s healthcare delivery system and, working with our clients, we know we can. Our goal is to empower the best physicians and caregivers in the world with the information they need to deliver world- class care, while at the same time supporting them with Revenue Cycle Management and EDI platforms to help them better manage their own bottom lines.”
Mike Lawrie, Executive Chairman of AllscriptsMisys and Chief Executive Officer of Misys plc, commented, “Today marks a historic day in the movement towards transforming healthcare in the US. By merging two healthcare technology powerhouses, we’ve created a company capable of delivering the quality and cost improvements that healthcare providers and patients have long sought. Working together with our customers, AllscriptsMisys will deliver on the promise and potential of healthcare technology.”
By seamlessly integrating information across its product portfolio, and across the continuum of care, the combined company is focused on delivering the benefits of connected communities and enabling providers to Connect To Health(TM). Examples include:
— Connecting physicians outside the hospital with real-time information on their patients who visit the Emergency Department or are admitted to the hospital, ensuring continuity of care and better outcomes
— Connecting Emergency Department personnel with their patient’s medical history, prescriptions and other information that is vital to providing safe, effective emergency care
— Connecting hospital care management teams with Emergency Department physicians to drive significant improvements in patient care through collaborative management
— Connecting hospitals and physicians with the post-acute care community — such as extended care facilities — to cut length of stay, increase throughput and improve patient outcomes
“This industry has been talking for years about the value of connecting the isolated silos of healthcare information, but with AllscriptsMisys, it’s no longer a vision — we’re doing it right now in hospitals and clinics across the nation,” said Tullman.
The launch of AllscriptsMisys also makes it easier for the 90,000 former Misys Practice Management clients who lack an Electronic Health Record to adopt the Allscripts Electronic Health Record best suited to their practice size and specialty, Tullman added. “Our objective is to offer safe and easy choices to the existing Misys base and to the market in general. Practices that are pleased with their current practice management systems can simply add the Allscripts Electronic Health Record that fits and feels best. Others may choose to upgrade to a new suite of products. And, beginning today, basic interfaces between AllscriptsMisys products will be included at no charge.”
AllscriptsMisys clients who have experience using both Allscripts Electronic Health Records and Misys Practice Management solutions confirm that the products are already seamlessly integrated. Renee Bomar, a nurse practitioner at Georgia Pediatric Pulmonology Associates (GPPA), whose 14 providers run two clinics in Atlanta, said the interface between the two solutions is “so seamless we don’t even think about it. The two systems are so familiar with each other that it doesn’t matter which support team you call with an issue, it will be resolved. And that was before the merger.”
Visit the AllscriptsMisys Online News Center (http://www.allscripts.com/press) for more information including client video testimonials and case studies.
About AllscriptsMisys
AllscriptsMisys (Nasdaq: MDRX) uses innovation technology to bring health to healthcare. More than 150,000 physicians, 700 hospitals and nearly 7,000 post-acute and homecare organizations utilize AllscriptsMisys to improve the health of their patients and their bottom line. The company’s award-winning solutions include electronic health record, electronic prescribing, revenue cycle management, practice management, document management, medication services, hospital care management, emergency department information systems and homecare automation. Allscripts is the brand name of Allscripts-Misys Healthcare Solutions, Inc. To learn more, visit http://www.allscripts.com.
This news release may contain forward-looking statements within the meaning of the federal securities laws. Statements regarding future events, developments, the Company’s future performance, as well as management’s expectations, beliefs, intentions, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. These forward-looking statements are subject to a number of risks and uncertainties, some of which are outlined below. As a result, actual results may vary materially from those anticipated by the forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: the volume and timing of systems sales and installations; length of sales cycles and the installation process; the possibility that products will not achieve or sustain market acceptance; the timing, cost and success or failure of new product and service introductions, development and product upgrade releases; competitive pressures including product offerings, pricing and promotional activities; our ability to establish and maintain strategic relationships; undetected errors or similar problems in our software products; compliance with existing laws, regulations and industry initiatives and future changes in laws or regulations in the healthcare industry; possible regulation of the Company’s software by the U.S. Food and Drug Administration; the possibility of product-related liabilities; our ability to attract and retain qualified personnel; our ability to identify and complete acquisitions, manage our growth and integrate acquisitions; the ability to recognize the benefits of the merger with Misys Healthcare Systems, LLC (“MHS”); the integration of MHS with the Company and the possible disruption of current plans and operations as a result thereof; maintaining our intellectual property rights and litigation involving intellectual property rights; risks related to third- party suppliers; our ability to obtain, use or successfully integrate third- party licensed technology; breach of our security by third parties; and the risk factors detailed from time to time in our reports filed with the Securities and Exchange Commission, including our 2007 Annual Report on Form 10-K available through the Web site maintained by the Securities and Exchange Commission at http://www.sec.gov. The Company undertakes no obligation to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE Allscripts-Misys Healthcare Solutions Inc.
Source: Allscripts