Despite increases in revenues, Allscripts posted a third-quarter loss, the Chicago-based electronic health-record systems maker reported Thursday.
Revenue was at $354.4 million, up by 2.6%, for the third quarter of this year, compared with the similar period last year.
The company also posted a net loss of $5.2 million for the third quarter, improved from $25.8 million loss for the same period a year ago.
Bookings grew 22% this quarter to a record level, and 13% year to date, Allscripts CEO Paul Black said. “Total bookings were at record levels for a third quarter, driven by a healthy mix of sales across major software solution categories and value-added services,” Black said in a news release.
Allscripts has struggled for some time to deliver top and bottom line growth. The company is ranked No. 2 behind Epic Systems in the EHR vendor market. Allscripts lost a bid earlier this year to replace the EHRs at the Military Health System, a global network of 56 hospitals and about 360 clinics.
Allscripts also made news this year by partnering with Dr. Patrick Soon-Shiong's NantHealth precision-medicine startup, which plans to go public by year-end. The two companies hope to collaborate on a precision-medicine platform for cancer care.
