CHICAGO and HONOLULU, March 12 /PRNewswire-FirstCall/ -- Allscripts, the leading provider of clinical software, connectivity and information solutions that physicians use to improve healthcare, today announced that TeamPraxis, a physician management services organization that provides technology and support services to more than 1,000 physicians in Hawaii, has purchased a statewide license for the Allscripts Electronic Health Record (EHR). The agreement enables TeamPraxis to provide the Allscripts solution to physicians across Hawaii.
"Most of us can't imagine going to the bank or having our financial records kept on paper, so why should we accept having our medical records on paper?" asked Creighton Arita, President and Chief Executive Officer of TeamPraxis. "Our partnership with Allscripts helps us fulfill our vision of serving and empowering Hawaii's physicians with real-time information at the point of care, helping to curb rising costs and to improve the quality of patient care."
Over the last few years, Allscripts and TeamPraxis have worked together with the Hawaii Medical Service Association (HMSA), the state's largest health insurer, to provide electronic prescribing to more than 700 Hawaii physicians who are now well positioned to migrate to the full electronic health record. HMSA recently announced that it would provide $20 million in grants for physicians to acquire electronic health records. Under the initiative, 1,000 Hawaii physicians will each be eligible to receive up to $20,000 towards a new EHR.
Scott Miscovich, M.D., a family physician from Kaneohe, Hawaii, who has been using the Allscripts Electronic Health Record supported by TeamPraxis for more than two years, said the solution has "brought a full paradigm shift in the way we practice medicine. Nothing in my career has had such a profound positive influence on the way I care for patients as the electronic health record."
Allscripts Chief Executive Officer Glen Tullman commented, "TeamPraxis has been an ideal partner for Allscripts in Hawaii. They add an understanding of the local market, a solid implementation and deployment expertise, and deliver outstanding value to medical practices by managing the technology end of our Electronic Health Record so that physicians can focus on what they do best -- caring for patients."
The Allscripts Electronic Health Record replaces paper recordkeeping by automating everyday clinical tasks such as prescribing medications, ordering and viewing laboratory tests, and documenting patient care. The solution also connects physicians and caregivers to laboratories, pharmacies, insurers and other key healthcare stakeholders, while delivering secure, immediate access to patient information at the point of care -- whether in the office, at the hospital or remotely.
Through improved clinical documentation and just-in-time information, Allscripts helps to curb the rising cost of healthcare. By 2017, health care spending is expected to nearly double from 2007's projected level, reaching $4.3 trillion and consuming 19.5 percent of the gross domestic product, according to analysts at the Centers for Medicare and Medicaid Services (CMS).
"Our relationship with TeamPraxis provides Hawaii's physicians with access to the right information at the right time, and allows physicians to deliver better patient care in an affordable, paper-free way," said Mr. Tullman. "That's what's needed in healthcare and TeamPraxis delivers."
TeamPraxis is Hawaii's premier physician management services organization (MSO), providing affordable, scalable clinical technology solutions and support services to independent physicians. Founded in 1992, TeamPraxis currently has a staff of more than 140 full time professionals and serves more than 1,000 physicians throughout the State of Hawaii. TeamPraxis builds technology solutions anchored by a powerful information platform, state-of-the-art hardware and world class facilities. For more information, visit: http://www.teampraxis.com.
Allscripts (Nasdaq: MDRX) is the leading provider of clinical software, connectivity and information solutions that physicians use to improve healthcare. The company's unique solutions inform, connect and transform healthcare, delivering improved care at lower cost. More than 40,000 physicians and thousands of other healthcare professionals in clinics, hospitals and extended care facilities nationwide utilize Allscripts to automate everyday tasks such as writing prescriptions, documenting patient care, managing billing and scheduling, and safely discharging patients, as well as to connect with key information and stakeholders in the healthcare system. To learn more, visit Allscripts at http://www.allscripts.com.
This announcement may contain forward-looking statements about Allscripts Healthcare Solutions that involve risks and uncertainties. These statements are developed by combining currently available information with Allscripts beliefs and assumptions. Forward-looking statements do not guarantee future performance. Because Allscripts cannot predict all of the risks and uncertainties that may affect it, or control the ones it does predict, Allscripts' actual results may be materially different from the results expressed in its forward-looking statements. For a more complete discussion of the risks, uncertainties and assumptions that may affect Allscripts, see the Company's 2006 Annual Report on Form 10-K, available through the Web site maintained by the Securities and Exchange Commission at http://www.sec.gov.
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