Dive Brief:
- Allscripts has cut 250 U.S. jobs and announced plans to expand software development and operations to India. The cuts represent 3.5% of the company's global workforce of about 7,200.
- The company says this will allow it to respond "more efficiently and cost-effectively" to changes in software design and product development.
- Q1 2015 revenue was down 2% to $335 million versus $340 million in Q1 2014. Software delivery, support and maintenance revenue, at $228 million in Q1, was flat compared with the same quarter last year. Client services revenue was down 5% to $107 million.
Dive Insight:
The global healthcare IT outsourcing market is predicted to grow 7.6% each year, totaling $50.4 billion in 2018, according to Healthcare IT News. According to Allscripts spokeswoman Concetta Difranco, "As a normal course of business, we are rebalancing our teams to ensure we have the right resources allocated to the right projects."
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