Allscripts CEO Paul Black, who took the helm of Allscripts 76 days ago as of March 5, said the company is pouring $500 million into the model in 2013, including the recent acquisitions and a significant boost in research and development spending during the year.
“There’s very valuable real estate in the layer above enterprise EHRs, and we had some pieces missing for a community architecture that I feel we’ve filled with these acquisitions,” Black said during an interview at HIMSS13 in New Orleans. “I don’t feel our competitors have the same assets to bring to bear here, and we plan on executing on this very quickly and going after their installed bases as well as delivering to ours.”
The community model that Black is pushing forward includes a layer of applications, including analytics, home health and hospice, care coordination and master patient index software, that various EHR systems can feed into.
dbMotion’s platform is designed for population health management and care coordination that utilizes a clinical data repository with semantically normalized patient data. Jardogs markets the FollowMyHealth patient engagement platform, which provides secure health messaging, prescription re-ordering, bill paying and appointment scheduling, among other functions.
Allscripts acquired dbMotion for approximately $235 million, broken down as $145 million in cash, $50 million in Allscripts common stock and another $40 million in cash via a note payable, due within 18 months. Allscripts already had an equity investment in dbMotion prior to the acquisition and was the largest integrator of the company’s technology.
The company did not provide financial details about the Jardogs acquisition.
Allscripts has been struggling lately, dealing with the forced departure of long-time CEO Glen Tullman, plummeting revenue and the decision to put the company up for sale to private equity firms, only to later take the company off the market.
When asked about improvements he hoped to achieve this year, Black focused largely on customer service issues.