Allscripts Q1 revenue dips 3%, operating income up to $13.4M
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Allscripts Healthcare Solutions on Thursday posted $368.4 million in revenue for 2021 s first quarter, down 3.4% from $381.4 million in revenue posted during the same period last year.
Allscripts first-quarter revenue comprises $222.7 million from software delivery, support and maintenance, down 4% year-over-year, and $145.7 million from client services, down 2.4%.
The Chicago-based electronic health records company posted $13.4 million in operating income for the quarter, up from a $26.9 million operating loss in 2020 s first quarter. The company s adjusted earnings before interest, taxes, depreciation and amortization or EBITDA margin was 18.3%, compared to 9.6% for last year s quarter.
Company s 52-week low was at $5.28
Price action over last quarter: Up 2.92%
Company Overview
Allscripts Healthcare Solutions provides information technology and offerings to acute and ambulatory providers as well as hospital services. The company supports electric medical records, private cloud hosting, and other clinical services that support patient engagement and better outcomes. Additionally, the company offers administrative tools and services to improve operations, such as practice management, revenue cycle management, and clinical care coordination. Allscripts was founded in 1986 and is headquartered in Chicago.
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Operating Room Management Market worth $4.4 billion by 2025
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