For those of you who don’t follow all the inside EHR “baseball” that’s happening right now with Allscripts, you might want to check it out. If you use one of Allscripts various EHR software (do they have 6 EHR softwares now? I lose count) then you really want to pay attention. Here’s my cliff notes version of what’s happened for those who don’t want to research the details. Half the Allscripts board left and so did the CFO. It appears it was an Eclipsys departure with the previous Allscripts board members and CEO Glen Tullman remaining. After this happened the stock (MDRX) plummeted.
While to those inside the EMR world will realize that this isn’t a death knell for everything Eclipsys related, many who don’t know how important the Eclipsys software is for Allscripts could easily see this a different way. Of course, in the heartless world of publicly traded companies and CEO’s doing what they can to prop up stock price, you never know what action they might take next.
The best evaluation I saw of the Allscripts situation is that it is very likely that Allscripts and Glen Tullman will use this stock drop to start making even more drastic moves. For example, we all know that they don’t need that many EHR software and so none of us should be surprised if they choose to sunset 1 or more of their EHR software. Yes, that’s right. Your EHR software isn’t safe even if you buy it from a large EHR vendor like Allscripts (see also when GE ceased operations of Centricity Advance).
Think about it from Allscripts perspective. It takes A LOT of extra resources to ensure that multiple EHR software products are even just meeting the meaningful use and certified EHR requirements let alone actually creating innovative new EHR software features. Cutting out an EHR software will provide a huge cost savings to Allscripts going forward.
Why is this the topic of Meaningful Use Monday? I think this is an incredibly important topic related to meaningful use, because I can already see the physicians and practice managers hitting my website if Allscripts chose to cease their Allscripts MyWay EHR offering (I have no indication that Myway is gone. I’m just speaking hypothetically). I’m quite certain that many physicians and practice managers will wonder how an EHR vendor could sunset or stop developing an EHR software that is certified for meaningful use.
It’s quite simple: Meaningful Use and EHR Certification are NO guarantee of an EHR software’s long term viability.
I have a section in my EMR selection e-Book about ensuring the viability of your EHR vendor. I’ll admit that it’s not an easy task and is more art than science given our limited information about MANY EHR vendors. However, it’s worth considering the long term plans of an EHR vendor and a particular EHR software in that vendor’s quiver. Although, meaningful use and EHR certification do nothing to help you in that regard.
One final warning: we’re just at the start of EHR vendors going out of business, EHR vendors being bought by larger vendors, EHR software being closed down, EMR software being sunset. I give it another year before the Tsunami of EHR software mergers, acquisitions, bankruptcies, fire sales hit our shore. Although, the early warning signs are there and so we should prepare for the oncoming wave. The challenge is knowing where you can find high ground.