How EHR vendors fared in Q2: Earnings from Allscripts, Cerner & Meditech

Heres how the EHR vendors fared, with companies listed alphabetically:.

Meditech reported $32.9 million in net earnings for the second quarter of 2020, compared to $16.3 million throughout the very same period in 2015. The Westwood, Mass.-based EHR supplier posted $115.8 million in earnings for the 2nd quarter of 2020, down 3 percent from $119.9 million from the same time last year.

Meditech said its net income increased mostly “due to latent valuable securities gains,” and income fell as an outcome of execution hold-ups from the pandemic.

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Allscripts reported a bottom line of $8 million in the 2nd quarter, compared to $150 million during the exact same time in 2015. The Chicago-based EHR supplier posted $406 million in profits for the quarter, down 8.7 percent from $445 million throughout the second quarter of 2019.

” Our 2nd quarter outcomes revealed resilience as Allscripts and our clients continued to handle through the COVID-19 pandemic,” Allscripts CEO Paul Black said a news release. “We leveraged both brand-new and existing innovative solutions to support our customers and enhance patient results throughout this difficult time.”.

Cerner said the $100 million earnings decrease was mostly driven by the impacts of the COVID-19 pandemic along with Cerners exit from its earnings cycle outsourcing contract with Adventist in the fourth quarter of 2019.

Jackie Drees –
Monday, August 3rd, 2020
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Cerner reported $134.7 million in net incomes in the 2nd quarter, up 6 percent from $126.9 million during the very same time duration in 2019. The Kansas City, Mo.-based EHR supplier published $1.33 billion in revenue for the quarter, down 7 percent from $1.43 billion during the second quarter of 2019.

Allscripts, Cerner and Meditech published their respective monetary efficiencies for the 2nd quarter of 2020, all reporting profits decreases due to the COVID-19 pandemic..

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