CHICAGO and FREMONT, Calif., June 2 /PRNewswire-FirstCall/ -- Allscripts (Nasdaq: MDRX), a leader in software, services, information, and connectivity solutions for physicians and hospitals, and SYNNEX Corporation (NYSE: SNX), a leading business process services company, today announced that SYNNEX, through its SYNNEX Healthcare Solutions Division, will distribute the Allscripts MyWay(TM) Electronic Health Record (EHR) to Allscripts authorized resellers who are also members of the SYNNEX Healthcare Solutions distribution network.
Through this partnership, SYNNEX will leverage its existing IT distribution capabilities and technology experience within the healthcare market to expand and accelerate the adoption of the Allscripts MyWay EHR. The SYNNEX Healthcare Solutions distribution network is focused on resellers with a dedicated concentration in the healthcare industry, including Allscripts resellers authorized to offer the Allscripts MyWay EHR solution. SYNNEX will utilize its dedicated SYNNEX Healthcare Solutions team of associates within sales, training, marketing and technical support to recruit, train and support new partners for the Allscripts exclusive reseller community.
With direct access to an integrated Electronic Health Record and practice management solution, Allscripts authorized resellers in the SYNNEX Healthcare Solutions network can establish and build a healthcare initiative to address the growing interest among physicians in qualifying for significant new federal incentive payments. Under the American Recovery and Reinvestment Act (ARRA) of 2009, physicians who use an EHR can earn the maximum incentive over five years, beginning in fiscal 2011. Widespread use of Electronic Health Records is one of the central tenets of President Barack Obama's plan to improve healthcare quality, safety and efficiency.
The Allscripts MyWay EHR offers Electronic Health Record, practice management and claims management. The integrated solution automates everyday clinical and business tasks while electronically connecting physicians and other caregivers to pharmacies, labs, insurers and other key healthcare stakeholders. Designed specifically to meet the needs of small physician practices, the Allscripts MyWay EHR is available via Software as a Service (SaaS) over the Internet or as an on-premise application installed on a server. The web-based SaaS approach provides additional flexibility by enabling physician practices to avoid many upfront and ongoing expenses tied to equipment, IT personnel and operations. Small practices can focus solely on treating patients, while letting Allscripts handle technology components such as maintaining servers, performing backups, installing upgrades, and managing firewalls and security.
"SYNNEX continues to do an excellent job at looking at the healthcare vertical differently than the other contenders by enabling distribution of complete end-to-end solutions that are adaptable and solve business critical issues," stated John Hughes, Founder and President at eDocSecure, Inc. (www.edocsecure.com) an authorized Allscripts reseller that is also part of the SYNNEX Healthcare Solutions network. "In particular, this partnership with Allscripts accelerates distribution and adoption of a full turn-key EHR solution by end user physicians through Allscripts resellers in the SYNNEX Healthcare Solutions network, and takes the guess work out of the equation for physicians to implement."
"To qualify for the maximum amount of federal incentives, physicians must have an electronic health record in place and must be using it in their everyday practice as soon as possible," said Glen Tullman, Chief Executive Officer of Allscripts. "We are pleased to partner with SYNNEX to provide independent physicians and small groups a practical, cost effective way to enter the electronic healthcare highway from a trusted partner."
"Our partnership enables us to equip Allscripts authorized resellers in the SYNNEX Healthcare Solutions network with a real and complete healthcare solution that solves compliance and workflow issues. What independent physicians and small medical practices need is a total solution that improves their productivity and controls costs instead of trying to implement a pick, pack and ship offering," stated Peter Larocque, President of U.S. Distribution at SYNNEX Corporation. "We are delighted to be partnering with Allscripts to further establish our SYNNEX Healthcare Solutions initiative within the burgeoning healthcare space."
SYNNEX Corporation, a Fortune 500 corporation, is a leading business process services company, servicing resellers and original equipment manufacturers in multiple regions around the world. The Company provides services in IT distribution, supply chain management, contract assembly and global business services. Founded in 1980, SYNNEX employs over 7,000 associates worldwide and operates in the United States, Canada, China, Japan, Mexico, the Philippines and the United Kingdom. Additional information about SYNNEX may be found online at www.synnex.com.
Allscripts uses innovation technology to bring health to healthcare. More than 150,000 physicians, 700 hospitals and nearly 7,000 post-acute and homecare organizations utilize Allscripts to improve the health of their patients and their bottom line. The company's award-winning solutions include electronic health records, electronic prescribing, revenue cycle management, practice management, document management, medication services, hospital care management, emergency department information systems and homecare automation. Allscripts is the brand name of Allscripts-Misys Healthcare Solutions, Inc. To learn more, visit http://www.allscripts.com.
This news release may contain forward-looking statements within the meaning of the federal securities laws. Statements regarding future events, developments, each company's future performance, as well as management's expectations, beliefs, intentions, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. These forward-looking statements are subject to a number of risks and uncertainties, some of which are outlined below. As a result, actual results may vary materially from those anticipated by the forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: the volume and timing of systems sales and installations; length of sales cycles and the installation process; the possibility that products will not achieve or sustain market acceptance; the timing, cost and success or failure of new product and service introductions, development and product upgrade releases; competitive pressures including product offerings, pricing and promotional activities; our ability to establish and maintain strategic relationships; undetected errors or similar problems in our software products; compliance with existing laws, regulations and industry initiatives and future changes in laws or regulations in the healthcare industry; possible regulation of the Allscripts software by the U.S. Food and Drug Administration; the possibility of product-related liabilities; our ability to attract and retain qualified personnel; our ability to identify and complete acquisitions, manage our growth and integrate acquisitions; the ability to recognize the benefits of the merger with Misys Healthcare Systems, LLC ("MHS"); the integration of MHS with Allscripts and the possible disruption of current plans and operations as a result thereof; maintaining our intellectual property rights and litigation involving intellectual property rights; risks related to third-party suppliers; our ability to obtain, use or successfully integrate third-party licensed technology; breach of our security by third parties; and the risk factors detailed from time to time in our reports filed with the Securities and Exchange Commission, including Allscripts' and SYNNEX' Annual Reports on Form 10-K filed for 2007 and 2008, respectively, which are available through the Web site maintained by the Securities and Exchange Commission at www.sec.gov. Each company undertakes no obligation to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise.
Copyright 2009 SYNNEX Corporation and Allscripts-Misys Healthcare Solutions, Inc. All rights reserved. SYNNEX, the SYNNEX Logo and all other SYNNEX company, product and services names and slogans are trademarks or registered trademarks of SYNNEX Corporation. SYNNEX and the SYNNEX Logo Reg. U.S. Pat. & Tm. Off. Allscripts, the Allscripts logo, and all other Allscripts company, product and services names and slogans are trademarks or registered trademarks of Allscripts-Misys Healthcare Solutions, Inc. Other names and marks are the property of their respective owners.
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