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Allscripts loses customer NY Presbyterian

July 12, 2017

Allscripts (NASDAQ: MDRX) declined 4% Wednesday after Hedgeye confirmed a customer loss. According to Bloomberg, analyst Andrew Freedman confirmed New York-Presbyterian chose Epic to replace existing EHR systems.

New York-Presbyterian is Allscripts’s fifth largest Sunrise EHR customer and represents 6% of U.S. Sunrise EHR installed base, the report said. It also represents $15-$30 million in combined software and services revenue or 1%-2% of MDRX’s 2016 revenue.

Allscripts remains a best short idea at Hedgye.


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