Allscripts is in the best position it's ever been in, CEO Paul Black said in an earnings call Thursday.
“Nobody other than Allscripts has posted such a report card,” added company President Rick Poulton. Many analysts offered their congratulations during the call.
The Chicago-based EHR software provider saw double-digit growth in bookings, revenue and earnings in the fourth quarter of 2016, with particularly strong showings in international markets. Fourth-quarter GAAP revenue was $425 million, up 23% over the prior-year quarter.
Some of that growth is thanks to Netsmart, a behavioral health IT company that Allscripts acquired in April of 2016. The company also acquired Australia-based Core Medical Solutions, Boston-Based Careport and Missouri-based HealthMEDX last year.
The biggest chunk of revenue in the fourth quarter came from software delivery, support and maintenance, which hit $280.7 million, up 23% from 227.6 million in the year-before quarter.
Allscripts saw strong demand for value-based care solutions in the fourth quarter, including for its population-health management systems dbMotion and CareInMotion. “Our strategy is to help clients prepare for the inevitable decline of fee-for-service,” Black said.
Overall in 2016, the company's revenue was up 12% over 2015, to $1.55 billion. The company expects growth to continue next year, with revenue hitting between $1.71 billion and $1.74 billion.
