|Allscripts in skid mode as shares plunge, chairman oustedApril 27, 2012, 11:03 am by Healthc
are IT NewsIt was no ordinary quarterly meeting Thursday for Allscripts. Its chairman Phil Pead was, by many accounts, forced out. Three board members apparently resigned in protest. And this morning, the EHR vendor’s shares have plunged almost 43 percent to $9.15. The company also reported that CFO Bill Davis would be exiting May 18 for another position outside the healthcare sector, leaving analysts downgrading the firm’s stock from “buy” to “neutral.” read more
Neltner Billing and Consulting announced earlier this year its intention to transition away from the use of Tiger, an Allscripts PM software program. According to Allscripts, they halted development and major updates with the intention of sun-setting the program completely by the year 2014.
Neltner Billing and Consulting made its decision to switch software only with the physician interest in mind. So would you call Neltner’s decision preemptive? Where only time can truly answer this question, we agree with senior analyst, Sean Wieland from Piper Jaffrey, when he says in the above referenced article, this “…leads us to question what else we don’t know.”
While the current market has thrown challenges in the face of healthcare providers like EMR’s, EHR’s, ACO’s, MCO’s, 5010, SGR, incentives, lowered reimbursements (and the list goes on…), it’s important for you to know that Neltner has your back.
Be assured that our many years of staff and system experience with Tiger have prepared us for any challenge this situation may present.
Please call or email us on your thoughts about the Allscripts situation.