UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 24, 2004
ALLSCRIPTS HEALTHCARE SOLUTIONS, INC.
(Exact name of registrant as specified in its charter)
Delaware | 000-32085 | 36-4392754 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
2401 Commerce Drive, Libertyville, Illinois | 60048 | |
(Zip Code) |
Registrants telephone number, including area code 847-680-3515.
N/A
(Former name or former address, if changed since last report)
ITEM 9. | Regulation FD Disclosure. |
Attached as Exhibit 99 hereto is an investor presentation dated June 2004, which is incorporated herein by reference.
This information is being furnished pursuant to Item 9 of this Report and shall not be deemed to be filed for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section and will not be incorporated by reference into any registration statement filed by Allscripts Healthcare Solutions, Inc. under the Securities Act of 1933, as amended, unless specifically identified as being incorporated therein by reference. This Report will not be deemed an admission as to the materiality of any information in this Report that is being disclosed pursuant to Regulation FD.
Please refer to page 2 of Exhibit 99 for a discussion of certain forward-looking statements included therein and the risks and uncertainties related thereto.
ITEM 7. | Financial Statements, Pro Forma Financial Information and Exhibits. |
(c) | Exhibits: |
99 | Investor Presentation dated June 2004 |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
ALLSCRIPTS HEALTHCARE SOLUTIONS, INC. | ||||||||
Date: June 24, 2004 |
By: | /S/ WILLIAM J. DAVIS | ||||||
William J. Davis Chief Financial Officer | ||||||||
3
EXHIBIT INDEX
The following exhibit is filed herewith:
Exhibit No. |
||
99 | Investor Presentation dated June 2004. |
Exhibit 99
Exhibit 99
Allscripts Healthcare Solutions
June 2004
© 2004 Allscripts Healthcare Solutions
Safe Harbor
This presentation 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 Companys 2003 Annual Report on Form 10-K, available at www.sec.gov.
© 2004 Allscripts Healthcare Solutions
What We Do & Who We Are . . .
We Provide
Clinical Software, Connectivity & Information Solutions To Physicians
330 Employees
Public (Nasdaq: MDRX)
Financial Strength
- No Debt
- $53 Million in Cash Reserves
- $105 Million in 2004 Revenue
- Diversified/Multiple Revenue Streams
- The Leader in High Growth Markets
Culture
- Fast Moving, Client-Focused and Innovative
© 2004 Allscripts Healthcare Solutions
Executive Team
Glen E. Tullman Chairman and Chief Executive Officer
Bill Davis Chief Financial Officer
Lee Shapiro President
Joe Carey Chief Operating Officer
© 2004 Allscripts Healthcare Solutions
Our Vision
To Become an Indispensable Part of the Way Physicians Practice Medicine
Why?
Physicians Control 80% of a $1.6 Trillion Annual Spend
© 2004 Allscripts Healthcare Solutions
Our Solutions
Allscripts Healthcare Solutions
© 2004 Allscripts Healthcare Solutions
Automation:
EMR Market Opportunity
$5 Billion Market
The Market Has Tipped
< 25% Penetration of Mid to Large Size Groups
50% of Groups Purchasing in Next 18 Months*
What Changed?
Tools & Technology Is Better
Physicians Willingness
Trends
Results (Proven, Measurable ROI)
Market has Crossed the Chasm
* source: PricewatershouseCoopers
© 2004 Allscripts Healthcare Solutions
Automation:
TouchWorks EMRCompetitive Advantages
IDX Relationship Provides Preferred Access to 70% of Large Groups
Modular Approach Yields Fast Adoption and ROI
Customer Success ($20K Savings per MD)
© 2004 Allscripts Healthcare Solutions
Automation:
TouchWorks EMRResults
Sales Growth In Excess of 52%
Ranked #1 in KLAS for Ambulatory EMR Report
96% of Clients Would Recommend TW
CUMC Saves $1,000,000 in One Year
Awards: TEPR
TETHIC
Patient Safety
Microsoft HUG MD of Year
AC Group 5-Star Rating
© 2004 Allscripts Healthcare Solutions
Automation:
TouchWorks EMRResults
$1.5 MM
$2.7 MM
$2.4 MM
$1.0 MM
$1.3 MM
$1.0 MM
$2.0 MM
218 Deals Worth $29.2 Million
© 2004 Allscripts Healthcare Solutions
Automation:
TouchWorks EMRResults
$1.5 MM
$2.7 MM
$2.4 MM
$1.0 MM
$1.3 MM
$1.0 MM
$2.0 MM
218 Deals Worth $29.2 Million
© 2004 Allscripts Healthcare Solutions
Automation:
e-Prescribing Market Opportunity
Significant backing from payors
federal government managed care
Impact proven and understood
Increased use of generics, medications on formulary
Impact on patient safety
Entry point to broader opportunity
To transactions
To upgrade in future to IMPACT.MD and TouchWorks
© 2004 Allscripts Healthcare Solutions
Automation:
TouchScript.NET eRxOverview
Most widely used e-Rx solution
#1 Volume of Rxs to RxHub
.NET version recently launched with Microsoft, HP, Cisco, Capgemini
Features:
Sends Rx from exam room directly to pharmacy using Pocket PC
Instant access to drug interactions and contraindications, dosing information, and insurance formulary status
Phone calls to and from pharmacies are reduced or eliminated (live with SureScripts)
© 2004 Allscripts Healthcare Solutions
Automation:
TouchScript.NET eRx WellPoint/Microsoft
One of only two vendors selected
TouchScript available at no charge for 12 months to select Wellpoint physicians
Started as handheld wireless, may expand into desktops as well
California, Georgia, Missouri and Wisconsin
WellPoint is also offering substantial discount to remainder of its network physicians
© 2004 Allscripts Healthcare Solutions
Information/ConnectivityOpportunity
The Opportunity
Pharma Industry Marketing Spend = $15 Billion/Year
Current Market for Online Product Education ~$250mm
The Pharma Challenge
Goal = Educate/Influence ~ 200,000 HVPs
Challenge = HVPs Crunched For Time
43% of Pharma Detail Calls End at Receptionist
50% of Detail Calls Last < 2 Minutes
© 2004 Allscripts Healthcare Solutions
Information/Communication:
Physicians InteractiveResults
Pioneer/Leading Provider of e-Detailing and Other Online Solutions
Blue Chip Client Base
39 Pharmaceutical, Biotech & Medical Device Companies
8 of Top 10 Pharmaceutical Companies
More Programs Delivered
350 Programs for 90 Brands
59 International Programs in 8 Countries
Significant Footprint with Physicians
60,000 Unique Physician Participants in U.S.
> 250,000 Educational Sessions Completed
© 2004 Allscripts Healthcare Solutions
Medication:
Allscripts DirectResults
Legacy Business
Continued Increases In Gross Margin
Strength in Occupational Health Centers
Strength in Employers On-Site Delivery
© 2004 Allscripts Healthcare Solutions
Financial Overview:
AHS Revenue Growth Expected to Continue
Growth Segments
Medication Distribution Segment
© 2004 Allscripts Healthcare Solutions
Financial Overview:
Translating into Positive EPS Growth
© 2004 Allscripts Healthcare Solutions
Financial Overview:
Backlog as of March 31, 2004 (in millions)
$50.9 Million
$7.0
TW Maintainance/ Support
$12.6
PI
$10.8
TW/TS Subscriptions
$20.5
TW/AIC License/ Implementation Fees
© 2004 Allscripts Healthcare Solutions
Financial Overview:
Financial Position as of March 31, 2004 (in millions)
Cash and Marketable Securities $ 53.3 No Debt
Accounts Receivable, Net $ 17.3
Other Assets $ 39.7
Total Assets $ 110.3
Accounts Payable & Accrued Liabilities $ 14.8
Deferred Revenue $ 10.4
Other Liabilities $0.3
Total Liabilities $ 25.5
Stockholders Equity $ 84.8
Total Liabilities & Stockholders Equity $ 110.3
© 2004 Allscripts Healthcare Solutions
Summary
Physician-Centric
Competitive Advantage In Key Markets
Leadership Position in All Businesses
Strong Sales Momentum in Growing Markets
Strong Financial Position
People
Bottom Line
Well Positioned for Growth and Sustained Profitability
© 2004 Allscripts Healthcare Solutions
Allscripts Healthcare Solutions
© 2004 Allscripts Healthcare Solutions