Can't wait to hear the boys spin how great things are when they have had 1 new Sunset deal in the past 10 quarters. They will talk about the progress they are making moving customers to Azure, but that is more spin because those are mostly existing hosting customers which is like moving them from a single-wide to a double-wide and the goal is to move away from a bad relationship with their existing hosting outsourcer. So what positive news can the two spinmasters come up with tonight?
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"Allscripts" legacy it littered with managers in positions they have zero business being in . The least of which came from battle field promotion... Most from allegiances made not by competence but from family ties, obediently brown nosing, marriage or affairs.
Trying to understand how Queenie was promoted to run Professional Services with no operational background when she and the baby bees have sold 1 net new deal in 10 quarters.
That would never happen in any other company.
They raised EBITDA guidance for the rest of the year as their expenses will
be considerably lower because Queenie will have all her Services people working remotely as much as possible which will save MILLIONS of $$$.
Every company is cutting expenses based on reduced travel but other companies.
Meanwhile the stock is up this morning based on the 2 spinmasters last night.
He talked about a strong Sunrise pipeline.
Queenie and the baby bees must be hard at work trudging through the cornfields of Nebraska and Iowa visiting Critical Access Hospitals trying to convince those poor uneducated soles that they are the right solution.
Also, $180M in sales for the quarter sounds awefully low for a company with a $2.4B market cap.
You have got to be kidding !!!
He had the nerve to say that Covid has delayed new Sunset deals with large health systems !!! The Bees couldn't give Sunset away for free to a large health system if they tried not to mention what large health system does not already have Epic or Cerner?
Also, it appears that Veradigm is driving a lot of the revenue and margin which is nice, but MDRX is an EMR company and Veradigm is not part of the core EMR business.
He talked about Bronxcare extending. They have no choice, as their payor is over 50% Medicaid so they couldn't afford Epic if they wanted it.
Lastly, they talked about their cost initiatives which is another spin - there people are primarily still not travelling which saves MILLIONS in expense.
So, the spin was on again !!!
If these two guys were Pinocchio their noses would stretch across Lake Michigan after tonight’s earnings call
Yup...that sounds spot on.