Allscripts has released its earnings results for the third quarter of 2018.
Here are four things to know about the Chicago-based EHR vendor's financial performance:
1. Allscripts posted $522 million in revenue for the third quarter, up 16 percent from $449 million during the same period last year.
2. Software delivery, support and maintenance made up most of Allscripts' third-quarter revenue at $330 million, up 14 percent from the third quarter of 2017. Allscripts attributed its remaining $192 million in revenue to client services.
3. Allscripts posted a $36 million net loss, down 24 percent from the $29 million net loss the company reported during the third quarter of 2017.
4. The company expects its revenue for full-year 2018 to be in the range of $2.15 billion to $2.25 billion.
"Looking ahead, we believe we will continue to benefit from the investments we have made in building out a complete solution set for our clients in both the acute and ambulatory sectors, as well as our unique offering in the payer and life sciences business," said Allscripts CEO Paul M. Black.