NEW YORK, April 1/The Wall Street Transcript/ — In an exclusive Q&A interview with The Wall Street Transcript, Allscripts-Misys Healthcare Solutions CEO Glen E. Tullman offers an in-depth analysis of the impact the American Recovery and Reinvestment Act will have on the health care IT sector, specifically highlighting the growth trends and technology developments for which Allscripts is actively preparing.

Mr. Tullman also gives insight to Allscripts’ financial performance following its 2008 merger with Misys Healthcare. The CEO names several product innovations the company is currently rolling out, including mobile device extensions of electronic health records and self-service patient registration and payment kiosks with biometric authentication.

Highlights of the interview include:

• Mr. Tullman’s in-depth overview of Allscripts’ “industrial-strength management team”
• Allscripts’ strategy to prepare for and capture the surge in demand for electronic health records
• Mr. Tullman’s analysis of Allscripts’ competitive advantage
• A breakdown of Allscripts’ current customer reach and product offerings

Some of Mr. Tullman’s key quotes are:

• “Health care reform was really about payment reform and coverage, it wasn’t about quality and cost, and that’s what the initial bill, ARRA, was about. If you think about it, the only way to truly address quality and cost in health care is through using electronic health records to provide us the information we need to know what going on and make better decisions, and ultimately influence that. So we like to say that electronic health records are a necessary but not sufficient condition for reform. You need them, you can’t fix health care without them, but by themselves they aren’t enough.”
• “Today we take for granted that ATMs work independent of which bank you’re at; we take for granted that whether you have AT&T or Verizon, that they’re going to talk to each other; we take for granted that all of this information on airlines will be transferred back and forth, and your bags might actually arrive. When it comes to health care, not only do we not take that for granted, but we expect it not to be the case. And that’s what we’re changing today…”
• “We talk a lot about patient care, but we’ve got to realize that more than half of the physicians in America are in what are effectively small businesses. And so we have to help them provide world-class care to their patients, while at the same time protecting their bottom line.”

Allscripts-Misys Healthcare Solutions, Inc., provides software, services and connectivity solutions to more than 150,000 physicians, over 10,000 post-acute facilities and more than 800 hospitals nationwide. The company’s products include electronic health records, revenue cycle management and electronic prescribing services, among others.

The Wall Street Transcript features in-depth Q&A interviews with equity analysts, money managers and public company CEOs. For more than 40 years, TWST has provided primary-source information on public companies to financial professionals, management consultants and senior corporate executives.

This entry was posted on Thursday, April 1st, 2010 at 12:35 pm and is filed under General Investing. You can follow any responses to this entry through the RSS 2.0 feed.