For the past couple of years, Allscripts has been losing customers at a rapid pace. They cannot keep up with competitors such as EPIC and Cerner and are quickly losing customer's to these healthcare giants. A snippet from the latest financial report may explain why. They are not getting products to market, they are not assuring past customers of acquired entities of their SLA's. Their SLA's are more expensive and less reliable then their competitors and these are just a few of the reasons the market is bearish on Allscripts. Not to mention moving current entities to India and ignoring innovation in the process. The overall trend for AllScripts is down, despite a booming economy and it competition being bullish in the market. I think there is good reason for the concern of the over all health of the company. See the snippet from their last financial report below. The news is not good.
From the most recent financial report:
We may be unable to successfully introduce new products or services or fail to keep pace with advances in technology.
The successful implementation of our business model depends on our ability to adapt to evolving technologies and increasingly aggressive industry
standards and introduce new products and services accordingly. We cannot provide assurance that we will be able to introduce new products on schedule, or
at all, or that such products will achieve market acceptance. Moreover, competitors may develop competitive products that could adversely affect our
operating results. Any failure by us to introduce planned products or other new products or to introduce these products on schedule could have an adverse
effect on our revenue growth and operating results.