Form 8-K

 

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) November 15, 2005

 


 

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.)

 

222 Merchandise Mart, Suite 2024

Chicago, IL 60654

 

Registrant’s telephone number, including area code (312) 506-1200.

 

N/A

(Former name or former address, if changed since last report)

 


 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



ITEM 7.01. Regulation FD Disclosure.

 

Attached as Exhibits 99.1 hereto is an Investor Day Presentation dated November 2005, 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 99.1 for a discussion of certain forward-looking statements included therein and the risks and uncertainties related thereto.

 

ITEM 9.01. Financial Statements, Pro Forma Financial Information and Exhibits.

 

(c) Exhibits:

 

99.1   

Investor Day Presentation dated November 2005

 

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: November 15, 2005       By:   /S/    WILLIAM J. DAVIS        
               

William J. Davis

Chief Financial Officer

                 

 

3


EXHIBIT INDEX

 

The following exhibits are filed herewith:

 

  Exhibit No.  

   
99.1  

Investor Day Presentation dated November 2005.

Investor Day Presentation Dated November 2005
Exhibit 99.1
November 2005


Page 2
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 Company’s 2004
Annual Report on Form 10-K, available at www.sec.gov.
Safe Harbor


Page 3
We Provide
Clinical Software, Connectivity & Information Solutions To
Physicians
360 Employees
Public (Nasdaq: MDRX)
Financial Strength
-
$135+ Million in Cash Reserves
-
$100+ Million in 2004 Revenue
-
Diversified/Multiple Revenue Streams
-
The Leader in High Growth Markets
Culture
-
Fast Moving, Client-Focused and Innovative
What We Do & Who We Are . . .


Page 4
Our Vision
Why?
Physicians Control 80% of a
$1.7 Trillion Annual Spend
To Become an Indispensable Part of the Way Physicians
Practice Medicine


Page 5
How To Become Indispensable for
Physicians?
By Delivering Solutions That Inform,
Connect and Transform Healthcare


Page 6
Traditional View
Hospital
A Different Perspective…
Our View
Healthcare Revolves
Around the 
Physician


Page 7
Delivering Value Through Our Solutions
E-Detailing
Medication
Dispensing
Document
Imaging
E-Prescribing
Electronic Health
Record
Personal Health
Record
Adherence/
Compliance


Page 8
What Our Products Actually Do . . .
Reach 20,000 MDs with Drug Recall Information
The Ability to Educate 10,000 MDs by Tomorrow Morning
Decisions Based on Real-Time Evidence-Based Data
Health vs. Healthcare With Physician Directed Information
Inform-Connect-Transform
Making the Impossible Possible


Page 9
An EMR
Informs You 


An EHR
Connects You 


Page 11
The Opportunity
EHR Market
Electronic Health Record Market
$6 Billion Market
Tools & Technology are Better, Less Expensive
Physicians Willingness to Adopt Technology
Proven, Measurable ROI


Page 12
The Allscripts Advantage
EHR Market
Blue-Chip Client Base
Modular Approach
Proven Process for Rapid Implementation
Leadership
in National Initiatives
Top Rated in Every
Industry Evaluation
With IDX Partnership, Preferred Access to
70% of Large Groups


Page 13
Market Share
EHR Market -
Segmentation
Market Segment
> 25 Physicians
10 to 24 Physicians
< 10 Physicians
Specialties
Status
Leader
Competitive
Evolving
Leader
12 Month Management Objective:
Profitable Leadership In Each Segment                        
(Buy, Build or Partner)


Page 14
Over 1,500 Leading Clinics Across the U.S.
Market Share
EHR Market  -
Client Base


Page 15
Market Share
EHR Market  -
Client Base
Academic Medical
Groups
Specialty
Groups
Multi-Specialty
Groups
Integrated Delivery
Networks
Over 1,500 Leading Clinics Across the U.S.


Page 16
If Doctors Dont Use It N othing Else Matters
Utilization
EHR Market
IDDUINEM


Page 17
Utilization
EHR Market
“The EHR
That Pays
You Back”
Clinical Trials
-
Holston
Medical Group:
Generates $3M/Yr. in Clinical Trial
Revenue
Pay for Performance
-
Facey
Medical:
Receives $1.2M
P4P Payout from Blue Cross
E-Prescribing
-
Sierra Health:
Achieves $5M in
Savings via eRx
Medical Records
-
George Washington Univ. Medical
Faculty Assoc.:
Reduction of 20 FTEs
in Medical Records
Transcription/Documentation
-
Central Utah
Clinic:
Independently
Documents $1M in Savings in First
Year ($20K/MD)
Charges
-
University of Tennessee
Medical Group:
Increases Avg.
Gross Charges by > $30/Patient
Visit


Page 18
Leadership


Page 19
We “Wrote the Book”
Leadership


Page 20
The Opportunity
Physicians Interactive
MD/Patient Education Market
Pharma Industry Marketing Spend = $15 Billion/Year
Current Market for Online Product Education ~$250mm
43% of Pharma Detail Calls End at Receptionist
50% of Detail Calls Last < 2 Minutes


Page 21
The Allscripts Advantage
Physicians Interactive
Blue-Chip Client Base
Portfolio of Solutions
Leadership
in Adherence/ Compliance
Proven Return-On-Investment


Page 22
Market Share
Physicians Interactive
Blue-Chip Client Base
39 Pharmaceutical, Biotech & Medical Device Companies
8 of Top 10 Pharmaceutical Companies
More Programs Delivered
400 Programs for 100 Brands
59 International Programs in 8 Countries
Significant Traction with Physicians
85,000 Unique Physician Participants in U.S.
> 300,000 Educational Sessions Completed


Page 23
Key Takeaways
1.
The Time is Now
2.
Our Physician
Focus = Key to Transforming Healthcare
3.
We are the Leader
in Growth Markets We Compete In
4.
Competitive Advantage = Driving Utilization
and Results
We’re Just Getting Started


Page 24
Historical/Forecast Revenue
($ in Millions)
$0
$20
$40
$60
$80
$100
$120
$140
2002
2003
2004
2005 (E)
Clinical Solutions and
Information Services
Medications
37%
63%
63%
56%
46%
54%
44%
37%


Page 25
Historical/Forecast EPS
$0.22 to $0.24
$0.07
($0.13)
($0.40)
($0.50)
($0.40)
($0.30)
($0.20)
($0.10)
$0.00
$0.10
$0.20
$0.30
2002
2003
2004
2005 (E)


Page 26
Clinical Solutions Bookings
($ in Millions)
$0
$10
$20
$30
$40
$50
$60
$70
$80
2002
2003
2004
2005 (E)
58% Growth
74% Growth
40%+ Growth


Page 27
Physicians Interactive
Bookings
($ in Millions)
$0
$2
$4
$6
$8
$10
$12
$14
$16
$18
2003
2004
2005 (E)
32% Growth
5% Growth


Page 28
Backlog
($ in Millions)
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
2002
2003
2004
2005 (E)
Clinical Solutions
Physicians Interactive
32% growth
48% growth
31% growth


Page 29
$8.7
$12.7
$13.4
$44.1
$0
$10
$20
$30
$40
$50
$60
$70
$80
CSG
Maintainance/Support
PI
CSG Subscriptions
CSG
License/Implementation
Fees
Financial Overview:
Backlog
as
of
September
30,
2005
(in
millions)
$78.9 Million
$78.9 Million


Page 30
Financial Overview:
Financial Position
as of September 30, 2005
(in millions)
Cash & Marketable Securities
$136.1
Accounts Receivable, Net
26.8
        
Other Assets
45.0
        
      Total Assets
$207.9
Accounts Payable & Accrued Liabilities
$16.0
Deferred Revenue
15.1
        
Convertible Debt
82.5
        
Other Liabilities
0.4
          
     Total Liabilities
114.0
      
Stockholders' Equity
93.9
        
Total Liabilities & Stockholders' Equity
$207.9


Page 31
Well Positioned for Growth and Sustained Profitability
Summary
Continued
Increase In Gross
Margin
Strong Financial
Position
Leadership
Position in All
Businesses
Strong Sales
Momentum in
Growing Markets
Competitive
Advantage in All
Markets
People
Physician-Centric