Veradigm Stock

Veradigm Inc. (Veradigm) delivers information technology (IT) solutions and services to help healthcare organizations around the world.

The company’s solutions and services are sold to physician practices and specialty groups, retail pharmacies, hospitals, pharmacy benefit managers, governments and militaries, insurance companies, health systems, employer wellness clinics, health plans, post-acute organizations, life-sciences companies, consumers, retail clinics, lab companies, surgery centers, and urgent care facilities.

The company’s portfolio, which offers some of the most comprehensive solutions in its industry, helps clients advance the quality and efficiency of healthcare by providing electronic health records (EHR), financial management, population health management and consumer solutions. Built on an open integrated platform, its solutions enable users to streamline workflows, leverage functionality from other software vendors and exchange data.

In January 2021, Veradigm announced a strategic technology partnership with US Orthopedic Alliance (USOA), an orthopedic management services provider based in Southern California, to support USOA’s growth and pursue additional relationships with leading orthopedic providers nationwide.

In March 2021, Veradigm announced that Mercy Iowa City selected the Allscripts Sunrise Platform of Health, run on Microsoft Azure, as the core EHR for its community hospital. Mercy Iowa City is an acute care hospital and regional referral center that draws patients from throughout Eastern Iowa.

In May 2021, Veradigm announced that the Allscripts Developer Program (ADP) launched ADP Empower, a new program designed to amplify diverse voices in the healthcare technology industry and offer valuable resources to underrepresented entrepreneurs to grow their businesses and accelerate innovation.

In June 2021, Veradigm and PRA Health Sciences, Inc. (part of ICON), one of the world’s leading global contract research organizations, announced the creation of the industry’s leading EHR-based clinical research network, which reaches more than 25,000 physicians and 40 million patients across the United States.

In November 2021, Veradigm announced that Next Level Urgent Care selected the Allscripts Touchworks platform, as well as Microsoft Azure hosting and services, to improve connectivity, provide better EHR workflows and advance analytics to all of its locations.

Solutions

The company’s portfolio addresses a range of healthcare industry needs, with the intention of enabling smarter care delivered with greater precision, for healthier communities. The company’s principal solutions consist of the following:

Electronic Health Records

Veradigm offers a suite of EHRs for hospitals and health systems, as well as for provider practices. In addition, the company offers solutions that help venture capital firms manage the practices they own or in which they invest. Built on an open platform with advanced clinical decision support, its EHRs provide analysis and insights. The company’s EHR solutions deliver a single patient record, workflows and consolidated analytics. Its innovative solutions help deliver improved patient care and outcomes. The company’s EHR solutions consist of the following:

Sunrise is a comprehensive Platform of Health for hospitals and health systems. Sunrise delivers hospitals and health systems a single patient record that supports inpatient and outpatient care and provides advanced decision guidance and supportive workflows for clinicians. Sunrise provides mobile support for clinicians, delivering the power of innovative healthcare IT where they are.

The Sunrise Platform of Health includes acute care, oncology care, ambulatory care, rehabilitation care, emergency care, financial management solutions, mobility solutions, enterprise-wide registration and scheduling solutions, pharmacy, health information management and abstracting solutions, radiology and enterprise wide viewer, Veradigm go (integrated patient ride-share and transportation solution), surgical care, charge logic (charge optimization for outpatient facilities), tissue management, supply chain and point-of-use supply solutions, anesthesia information management, clinical performance management analytics, laboratory information management, surgical analytics, surgeon access and or optimization solutions, blood bank solutions, patient flow (patient throughput solution and census logic analytics), wound care, and infusion analytics.

Paragon is an integrated clinical, financial and administrative EHR solution tailored for community hospitals and health systems. The solution supports the full scope of care delivery and business processes, from patient access management and accounting through clinical assessment, documentation and treatment.

Allscripts TouchWorks EHR is an EHR solution for larger single and multispecialty practices, and is built on an open platform that brings data sources together. This open platform feature, along with the ability to customize workflows, enables clinical staff to effectively coordinate and deliver both primary and specialized care. Functionality is also offered on mobile devices.

Allscripts Professional EHR is an EHR solution for small- to mid-size physician practices. Allscripts Professional EHR works in accountable care organizations (ACOs), patient-centered medical homes and Federally Qualified Health Centers. The solution’s mobile offering, Allscripts Professional EHR Mobile, provides on-the-go access to Allscripts Professional EHR, driving greater efficiency and improved patient care.

Practice Fusion is a cloud-based EHR and is an intuitive and easy-to-use solution for clinicians in small and independent practices. The solution helps drive operational efficiencies with smart charting that adapts to each practice’s specific needs and enables patients to receive medications more quickly. Practice Fusion also reduces administrative burdens by helping staff simplify front-office tasks and improve billing efficiency.

Allscripts Opal is an electronic document management solution that digitizes paper for the company’s EHR customers and serves as a digital health record solution for emerging markets with low digital maturity. The solution has a large customer base in Australia and is expanding across other geographies.

Payer and Life Sciences

Veradigm is the Allscripts payer and life science business unit, which is an integrated data systems and services business that combines data-driven clinical insights with actionable tools that reside in clinical workflow. Veradigm provides solutions to their client base, which help key healthcare stakeholders improve the quality, efficiency and value of healthcare delivery - including biopharma, health plans, healthcare providers, health technology partners, and most importantly, the patients they serve.

Consumer Solutions

FollowMyHealth is a comprehensive patient engagement platform with options for telehealth and remote patient monitoring. This patient engagement platform serves as the foundation for emerging consumer health initiatives, including automated secure messaging.

Financial Management

Veradigm financial solutions support revenue cycle, claims management, budgeting and analytic functions for healthcare organizations. These tools can help change clinician behavior to improve patient flow, increase quality, advance outcomes, optimize referral networks, and decrease leakage. Plus, the company’s solutions allow its clients to extract the data needed to support new reimbursement models. Offerings include Sunrise Financial Manager, Sunrise Abstracting, Allscripts Practice Management, STAR, and Allscripts Revenue Cycle Management Services.

Population Health Management

Veradigm provides robust, community-connected population health solutions that enable and deliver care coordination, connectivity, data aggregation and analytics. Veradigm care coordination solutions include Allscripts Care Director, dbMotion, and chronic care management services.

The company’s connectivity and data aggregation solutions include the dbMotion Solution, Sunrise Connect (embedded CareQuality connection via the dbMotion engine in Sunrise) and dbMotion Community powered by OnePartner.

Allscripts Clinical Performance Management enables healthcare organizations to measure performance and outcomes, analyze utilization, manage risk, reduce cost and improve quality across the continuum of care.

Services

In addition to the company’s solutions, Veradigm offers customizable professional and managed service offerings. From hosting, consulting, optimization and managed IT services to revenue cycle services for practices, Veradigm partners with clients to meet their goals.

Strategy

The company’s strategy is built upon its vision of enabling smarter care at virtually every point of the healthcare continuum.

The key elements of the company's strategy are to improve safety and quality as a patient transitions from one care setting to another; provide clients a wide array of interoperability tools to support their need and desire to connect to numerous stakeholders in the industry, including other healthcare providers, labs, imaging facilities, public health entities and patients, as well as other third-party technology providers; help organizations better manage their patient populations by using clean data for better decisions at the point of care; help healthcare organizations achieve better outcomes, reduce emergency room visits and decrease hospitalizations; and help clients manage the evolution toward value-based care, facilitate patient medication access and affordability and provide new, efficient operating models for generating the real-world evidence necessary to accelerate the development of new therapies and to enhance the value of existing ones.

Material Government Regulations

The healthcare IT industry in which the company operates is highly regulated, and the services it provides are subject to a complex set of healthcare laws and regulations, including among others, the 21st Century Cures Act (the ‘Cures Act’); the Medicare Access and CHIP Reauthorization Act (MACRA); the Health Information Technology for Economic and Clinical Health Act (HITECH); the Health Insurance Portability and Accountability Act of 1996 (HIPAA); regulations issued by the Centers for Medicare and Medicaid Services (CMS) and the Department of Health and Human Services (DHHS); a number of fraud and abuse laws, including the federal Anti-Kickback Statute and the False Claims Act; and the Patient Protection and Affordable Care Act (as amended, the ‘PPACA’).

Veradigm is subject to numerous privacy and security laws and regulations, including HIPAA and the Federal Trade Commission Act (the ‘FTC Act’).

Clients

The company’s clients in the Hospitals and Large Physician Practices segment include some of the most prestigious medical groups and hospitals in the United States and internationally, and often serve as reference sources for prospective clients interested in purchasing its solutions.

The company’s clients in the Veradigm segment include coordinated community care organizations, health plans and payors, life sciences companies, and small to mid-size physician practices.

Intellectual Property

Many of the company’s products are built on technology provided by Microsoft Corporation, such as the Microsoft SQL Server information platform, the Microsoft .NET Framework and the Microsoft Azure cloud platform.

The company licenses content from companies, such as OptumInsight, 3M Health Information Systems, Wolters Kluwer Health, Elsevier, IMO, and Clinical Architecture, which it incorporates or uses in certain solutions.

Geographic Information

The company has increased its efforts to selectively expand the sale of many of its solutions outside of North America, primarily in the United Kingdom, the Middle East, Asia, Australia, and New Zealand.

Competition

The company’s principal existing competitors include, but are not limited to, AdvancedMD; Advantmed, LLC; Aetion, Inc.; Apixio, athenahealth, Inc.; Availity, LLC; Cerner Corporation; Change Healthcare; Cotiviti, Inc.; CPSI (Computer Programs and Systems Inc.); Datavant; DoseSpot; DrChrono, Inc.; DrFirst; DRG Claims Management, LLC; eClinicalWorks, LLC; Enli Health Intelligence; Epic Systems Corporation; Episource, LLC; Evercommerce, Inc.; Evolent Health, Inc.; Greenway Health, LLC; Harris Healthcare; Healthagen; Health Catalyst; Inovalon; IQVIA; Kareo, Inc.; MDToolbox; MEDHOST, Inc.; Meditech (Medical Information Technology, Inc.); Medsphere Systems Corporation; Modernizing Medicine, Inc.; NextGen Healthcare, Inc.; nThrive Revenue Systems, LLC; OM1, Inc.; Optum, Inc.; Panalgo, LLC; Phreesia; Premier Inc.; R1 RCM, Inc.; RXNT; Symphony Health; The T System, Inc.; TriNetX, LLC; TriZetto Provider Solutions; Truven Health Analytics; Verana Health; and Waystar.

History

The company was founded in 1986. It was formerly known as Allscripts Healthcare Solutions, Inc. and changed its name to Veradigm Inc. in January 2023.