Allscripts-Misys Healthcare Solutions Inc. (MDRX) has recently entered into an agreement with two new clients, Covenant Health and Sharp HealthCare.

These two clients have selected the Allscripts Care Management and Post Acute solutions to automate administrative processes in their hospitals and post-acute care facilities, improve efficiency, streamline and enhance the quality of patient care, and generate cost savings.

Allscripts Care Management solution is a fully integrated, Software-as-a-Service (SaaS) application that automates and consolidates everyday tasks for hospital case managers including utilization management, documentation integrity, discharge planning, audit and quality management.

Allscripts Post Acute solutions including the Referral Management system allows hospitals, nursing homes and other post-acute facilities to automatically receive and respond to patient referrals from hospitals and manage relevant tasks.

Allscripts Care Management and Post Acute solutions are already used by more than 700 hospitals in the U.S.

We think that this deal will substantially boost Allscripts’ top-line as Covenant Health and Sharp HealthCare are two leading integrated health systems in the U.S.

Libertyville, IL-based Allscripts Healthcare Solutions Inc. is a leading provider of clinical software and information solutions meant for physicians. In October 2008, the company merged with Misys Plc, a global applications software and services company, to form Allscripts?Misys Healthcare Solutions Inc.

Allscripts faces strong competition from Cerner Corp. (CERN), Merge Healthcare Inc. (MRGE), Quality Systems Inc. (QSII) and MedAssets Inc. (MDAS).

Presently, we are “Neutral” on Allscripts.

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