The stock deal positions Allscripts to accelerate electronic health record adoption among hospitals, physician practices, and other health delivery organizations.
EHR adoption has also been accelerated by hospitals and health systems offering to support and subsidize the technology for affiliated physicians under the Stark Law safe harbor.
One example is the North Shore-Long Island Jewish Health System, which recently announced it would subsidize up to 85% of the cost of implementing the Allscripts EHR for over 7,000 affiliated physicians in New York City and Long Island. North Shore-LIJ's hospitals currently utilize the Eclipsys Sunrise Enterprise suite of solutions as well as the Allscripts Emergency Department and Care Management solutions.
Both the Eclipsys Sunrise Enterprise and Performance Management solution for hospitals and the Allscripts solutions for physician practices leverage common platforms, including Microsoft.NET and other advanced technologies. The companies also share an open-architecture approach, simplifying the connection to third-party applications across every care setting, resulting in a single patient record.
The merger will offer a single platform of clinical, financial, connectivity, and information solutions.
Phil Pead, president and CEO of Eclipsys will become chairman of the combined company. According to Pead, both Eclipsys and Allscripts share an approach to the healthcare industry that focuses on creating a single patient record that connects all applications within an organization and across a community.
"The combined company will be unique among healthcare IT companies not only in our ability to drive utilization, but also in our ability to quickly integrate our solutions and connect clinical information across every link in the healthcare chain," Pead said in a statement. "In combination with our powerful analytics and revenue cycle solutions, healthcare organizations will finally be able to realize the true promise of information technology, improving both clinical and financial outcomes across the entire community of care."