Allscripts’ Veradigm ink deals with Social Security Administration
Allscripts’ Veradigm ink deals with Social Security Administration

Allscripts’ Veradigm ink deals with Social Security Administration

Allscripts Healthcare Solutions’ payroll and life sciences department, Veradigm, has signed a contract with the Social Security Administration, the U.S. agency that manages social security pensions and disability benefits, the Chicago-based software company announced Tuesday.

Under the agreement, the agency will be able to electronically request medical records through Veradigm’s network when processing disability applications. Healthcare providers in the corporate network will then receive electronic requests for medical records from SSA with patients’ permission, which can then be released automatically.

It should speed up the time it takes to retrieve health records for SSA applicants from weeks to minutes, according to a news release from Allscripts, and could reduce the administrative burden for providers who might otherwise have to manually respond to journal requests.

“Not only do we expect this contract to be a meaningful financial contributor, it will also be a catalyst for us to develop our capabilities to a point where we will have almost real-time chart extracts,” said Rick Poulton, Allscripts’ chief financial officer. officer, on a call to discuss financial results for the fourth quarter of 2021 with investment analysts last week. Near-real-time chart extracts will help providers and payers close care gaps and manage risk contracts, Poulton said.

Allscripts did not disclose financial details of the deal in the press release.

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Allscripts, best known as a developer of electronic health records, launched Veradigm in 2018 to sell data and analytics tools that connect providers with payers and life science companies.

It has been a significant growth area for Allscripts, which had $ 392 million in revenue in the fourth quarter last week – an increase of 1.4% over the previous year, including $ 232.2 million from its hospitals and major medical practice segment and 155 , $ 2 million from Veradigm. Hospitals and large medical practice segments decreased 2.3% compared to the quarter the year before, while Veradigm’s revenue increased 8.9%.

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