OAK RIDGE, TENN –
January 10, 2007. AllMeds Inc., a provider of electronic
medical record (EMR) and practice management (PM) solutions,
released figures showing record sales for 2006 and suggesting
an even more impressive performance for 2007. Such results
are likely due to several factors occurring within today’s
medical practice environment. The federal government
recently mandated that physicians must provide electronic
patient records within the next decade and the insurance
industry is beginning to impose requirements for more
efficient ways to analyze practices’ performance
and processes. Coupled with practices’ own needs
to reduce the cost of doing business while providing
better and more efficient healthcare, these national
trends suggest that the EMR and PM markets will experience
even greater gains in 2007 and beyond.
AllMeds provides EMR and PM solutions to 14 select
medical specialties that have unique requirements and
process needs, including Otolaryngology (ENT), Orthopaedics,
Pain Management, Neurosurgery, Cardiology, and Ophthalmology.
AllMeds has been offering solutions services and specialty
EMR products since 1987, making this year its 20th anniversary.
AllMeds’ 2006 figures tell the story of a company
and industry that is set to experience dramatic growth:
December’s sales surpassed AllMed’s previous
best month by 44%, Q4 2006 bested their prior best quarter
by 17%, ending cash reserves were up over 400%, and
the overall numbers for 2006 easily topped those of
2005. Most importantly, sales forecasts for 2007 based
on pipeline data jumped 44% and sales leads have continued
to surge into the New Year. These important indicators
predict that 2007 will be just as successful as or better
than last year.
AllMeds’ CEO Bill Rust put the company’s
2006 accomplishments into a larger context: “The
company’s performance, especially in the last
half of 2006, was just phenomenal. Many things contributed
to it, especially employees throughout the organization
who are dedicated not only to the goals of the company,
but also the needs of our customers. But, it’s
important to grasp the larger picture: AllMeds is fortunate
to be positioned in a market that has everything going
for it. Technology has finally caught up with doctors’
needs. Federal and state governments are recognizing
just how vital EMR and practice management solutions
are to the consumer, the healthcare industry and the
health of the overall economy. And physicians themselves
now see the benefits that such systems can make to their
patients, their practices, and the quality of their
own lives. We’re seeing a nexus of capabilities,
mandates, and needs that has created a tremendous natural
momentum for the performance of this company and the
industry in general.”
Due to the strong results of 2006, AllMeds has secured
a large round of additional funding, which will allow
them to act on an aggressive and comprehensive strategy
set for 2007. Included in AllMeds’ plans are adding
General Surgery and Urology to their product suite,
expanding the sales, training, service, and development
organizations, and increasing marketing initiatives
and their overall presence within the healthcare industry.
If you would like more information about this topic,
or to schedule an interview with Bill Rust, please call
Bob Blakely at 678-344-1626 or email Bob at bblakely@allmeds.com
|