Or will they do a big January one to not have to pay the raises?
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CEO of Allscripts Healthcare Solutions Inc (30-Year Financial, Insider Trades) Paul Black (insider trades) sold 60,000 shares of MDRX on 12/14/2020 at an average price of $14.03 a share. The total sale was $841,800.
With support going to India, I can’t see client being happy. Especially since they haven’t been notified about this yet.., keep US jobs
Went to the local hospital to get a lab test and person checking me in was training another person. I asked what software they used and she said "Used to be Allscripts. Glad it's gone. We all hated it."
Why don’t they complain about Cerner then? Why are people overwhelmingly moving to Epic? MDRX is loosing marketshare very quickly. dbMotion used to be a great product now it’s far behind its competitors. We can “try” all we want, but if a product isn’t staying ahead it’s falling behind. Clients are moving to single platform to more easily gain insight of their data. Allscripts isn’t seen as innovative anymore and they’re outdated. Glenn Tillman was innovate...Paul Black is not. He’s great at operations though
It's relatively easy to complain about a company like MDRX when THEY are the ones who have to deal with the complexities of businesses. We don't just fulfill a single company's requirements. Oftentimes we have to juggle a number of different applications connecting to different databases while ALSO working hard to keep our client environments from being compromised by hackers. Not such an easy thing to do nowadays.
But we do the best we can.
I just left allscripts to go work on the client side and this hospital hates allscripts from the top down they are talking about moving to a single platform and it won’t be allscripts. They have almost 4 of their applications and not one day goes by that they make a joke about how allscripts doesn’t have it together. I have to imagine this is similar for a lot of the clients. When I worked there this client seemed happy, but internally they hate it. The stock is has nothing to do w/ the health of a company especially when they are buying back shares. I would load up on long term Put options if you’re adding this to your portfolio.
@3tnd+18bWmrVL
You do realize the strength of a company..success of a company is not connected to their stock price?
There have been many many smoke and mirror companies over the past 50 years.. recall Enron. Worldcome theranoues.. (LK is Allscripts version of EH. .). The RG,SP, and rest of rest of the legal strike force. RIF is only option or reduce pay...across board.
@3ldr+18bWmrVL
The stock is artificially high due to the recent aggressive reductions in salaries and a stock buy back. Nothing more than smoke and mirrors. Revenue is mostly flat, and they've made no inroads into selling, or even retaining, customers for their EHR solutions. It's not a growth stock, and certainly not anything that I'd want in my portfolio.
MDRX stock is at an all-time high this year, the financials look stable for 2021, why even talk trash about RIF? The haters will never learn!
Honestly ... looking back at the state of the companies and condition of the "products and services" left to offer, the number of people leaving or have been let go is not a concern for this leadership.
I would be interested in knowing just how many have left on their own accord since last RIF. Job market still struggling and end of year all ways tough to find new chair. But keep pounding.. get out.
If RIF not going to take place. Don't be shocked to see salries reduced across the company. Done legally this time..I'm sure ..
They may not have to since so many people are leaving. It will probably be pretty light.
Based on what was communicated after the November layoff, the purpose was to reduce staff to meet 2021 budget. translation - IF the company meets its budget then their should be NO LAYOFFS in 2021. Huge IF and with customers escalating due to functionaliy gaps within the software, doe quuality, reduced heads to do the work, and overall lost of product knowledge due to layoffs, I am not conifdient that the company will meet its budget. With that said, I give it at least one Quarter of stability (Jan - Mar). Depending on the results will determine more reductions or not.
Question for Allscript Stockholders which I am not. Have you ever asked yourself this year why the executive team in charge of running the company and turning a profit biggest accompishment this year was to hire a 3rd party to come in and tell them how to run the company and turn a profit?
Both posts are, unfortunately, correct.
The past is prologue.
I say both
We will have RIF in the next couple of weeks so our employees can return the gifts bought for their kids and buy bread instead. Thanks for our leadership for consideration, so humane!!!