Profile: Eclipsys Corp (ECLP.O)

Eclipsys Corporation (Eclipsys), incorporated in 1995, is a provider of advanced integrated clinical, revenue cycle and performance management software, and professional services that help healthcare organizations improve clinical, financial, and operational outcomes. The Company has developed and licensed software and content that is designed for use in connection with many of the key clinical, financial and operational functions that healthcare organizations require. It also provides professional services related to its software. These services include software implementation and maintenance, outsourcing, remote hosting of its software, as well as third-party healthcare information technology applications, technical and user training and consulting. Eclipsys markets its software to healthcare providers of many different sizes and specialties, including community hospitals, large multi-entity healthcare systems, academic medical centers, outpatient clinics and physician practices.

During the year ended December 31, 2008, Eclipsys acquired Enterprise Performance Systems, Inc. (EPSi), MediNotes Corporation (MediNotes), and Premise Corporation (Premise). In February 2008, Eclipsys acquired EPSi, a provider of business performance improvement solutions that help healthcare executives better manage the business of healthcare. In October 2008, the Company acquired MediNotes, a company in physician practice information solutions. In December 2008, Eclipsys acquired Premise. In January 2009, the Company acquired Premise Corporation, a privately held company in patient flow solutions.

The Company offers to its clients software and services, which includes Enterprise solutions that include clinical, financial and business decision support software for use by healthcare organizations and clinicians; outpatient (clinic and physician office) software with electronic medical records and independent practice management functionality; professional services related to implementation and use of its software; consulting services to help its clients improve their operations; information technology (IT) outsourcing; and remote hosting of client IT systems, including its software and third-party software.

Software

Eclipsys offer a suite of enterprise solutions that help its clients improve their clinical, financial, and operational outcomes. The underlying Eclipsys XA architecture and ObjectsPlus/XATM application development technology provide a foundation for improved performance across the enterprise. Among other things, its software is designed to integrate clinical, financial and access processes throughout the healthcare enterprise; reconcile orders related to the patient’s care between departments and units within one healthcare location, as well as between caregivers across different venues and locations; gather patient demographic information and support appropriate resource utilization through integrated scheduling and registration solutions; improve financial performance through reduced days in accounts receivable, increased cash collections, and inventory control; Provide clinicians with access to patient information, evidence-based clinical content and supporting references, such as medical journals, as well as information regarding costs and effects of patient tests and treatments, and permit simultaneous access to real-time patient information by multiple users from access points throughout the clinical environment and from remote locations.

Sunrise Clinical ManagerTM includes the major integrated modules Sunrise Acute Care, Sunrise Ambulatory Care, Sunrise Critical Care, Sunrise Emergency Care and Sunrise Pharmacy. Sunrise Clinical Manager enables a physician or other authorized clinician to view patient data and enter orders quickly from any point in the enterprise, providing evidence-based clinical decision support at the time of order entry.

Sunrise Access Manager TM, which also shares the Sunrise Clinical Manager platform and health data repository, includes Sunrise Enterprise SchedulingTM and Sunrise Enterprise Registration TM. It enables healthcare providers to identify a patient at any time within a hospital and to collect and maintain patient information on an enterprise-wide basis. Sunrise Patient Financials TM provides centralized enterprise-wide business office capabilities that help healthcare organizations improve financial workflows and more effectively manage their patient billing, accounts receivable, and contract management functions. This helps them reduce costs for this important function and maximize and accelerate appropriate reimbursements from patients and other parties.

Eclipsys Performance Management solution suite is a newly formed grouping of its recently acquired and existing executive tools that support direct patient care-related activities, as well as operational performance management. These tools help healthcare organizations streamline and automate manual processes required to gather, analyze and display enterprise-wide information. Sunrise EPSi TM is an integrated performance improvement solution that provides comprehensive enterprise business decision support to help healthcare organizations take control of their financial, clinical and operational performance. Sunrise Patient Flow TM is a set of integrated and clinically focused software solutions and services that helps hospitals to optimize patient flow, bed management, bed turnover and patient transport. Sunrise Clinical Analytics TM automates surveillance and regulatory reports to help hospitals improve quality and reduce costs associated with hospital-acquired conditions.

Sunrise Record Manager provides comprehensive, enterprise health information management document and image-management functions. Sunrise Laboratory provides a comprehensive set of tools that help manage the data surrounding the testing of samples that are received in the laboratory. Sunrise eLink provides tools to enable the integration of clinical and financial data from disparate existing systems within an integrated health network. Eclipsys’ Electronic Medical Record and Practice Management solutions are a comprehensive set of Web-based physician practice information solutions that help physicians operate their practices, and help health systems better connect with physicians, and physicians with their patients. Solutions include, Eclipsys PeakPracticeTM is an integrated electronic medical record and practice management solution that enables the automation of key workflows in a physician’s practice. PeakPractice EMRTM is an electronic medical record solution that interfaces with existing practice management systems. PeakPractice PMTM is an independent practice management solution. Eclipsys PeakPractice SCTM (supply chain) is a Web-based inventory management application that electronically tracks and orders medical supplies and inventory for physician practices. MediNotes eTM is an electronic medical record solution that helps physicians automate practices, including e-prescribing capabilities.

Services

The Company offers its clients professional assistance in the implementation of its software, the conversion and integration of their historical data into its software and systems, and ongoing training and support in the use of its software. It also provides maintenance releases and software updates, on a when and if available basis. It offers consulting services to help clients improve their operations. It offers remote hosting services to its clients. Under this offering, it assumes responsibility for processing Eclipsys and/or non-Eclipsys applications for its clients using equipment and personnel at its facilities. Eclipsys provides full, partial or transitional IT outsourcing services to its clients.

The Company competes with Cerner Corporation, Epic Systems Corporation, Medical Information Technology, Inc., GE Healthcare, McKesson Corporation, Siemens AG. IBM Corporation, Computer Sciences Corp., and Perot Systems Corporation.