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The Company is a provider of clinical software, connectivity and information solutions that physicians use to improve the quality of healthcare.
Right now all boats are rising as hospitals rush to move towards Electronic Medical Records. Allscripts benefits from this industry wide momentum. However, within the industry they are a laggard. Please refer to the most recent KLAS report (KLAS is a VERY well respected Healthcare IT research company). http://www.klasresearch.com/News/PressRoom/2010/Top20You will notice that a company called Epic earned the most top positions. The bad news is that Epic is private and always will be. The worse news is that there are 10 major players in the Healthcare IT industry. Last year Epic won roughly 50% of the sales, leaving 9 companies to divide up the remaining 50%. As much as I want to invest in this industry, I can't rationalize it as long as Epic remains the private 800lb gorilla.There is a small bright spot. Right now Epic does not work with medium or small hospitals (notice they only won the award for hospitals with 100 or more physicians). Allscripts might grow in the next 2 years, however it will slowly crumble afterwards.
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