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Company Posts Second Consecutive Quarter of Positive Cash Flow

CHICAGO, July 16 /PRNewswire-FirstCall/ — Allscripts Healthcare
Solutions, Inc. (Nasdaq: MDRX), the leading provider of clinical software and
information solutions focused on physicians, announced its results for the
three and six months ended June 30, 2003.

Total revenue for the three months ended June 30, 2003 was $19.7 million,
compared to $20.1 million for the three months ended June 30, 2002. Revenue
from software and information services for the three months ended June 30,
2003 was $8.5 million, increasing by 12% over the comparable period last year.

Net loss for the three months ended June 30, 2003 was $2.1 million, or
$0.05 per share, compared with a net loss of $4.0 million, or $0.10 per share
for the same period last year.

As of June 30, 2003 the Company had cash and marketable securities of
$67.0 million, an increase of $1.7 million from the balance on December 31,
2002 and no debt.

“While the second quarter was challenging for the Company, we have seen a
number of positive financial indicators in the first half of this year,
specifically two consecutive cash flow positive quarters and increasing
overall margins,” commented Glen Tullman, Chief Executive Officer of
Allscripts Healthcare Solutions. “Our confidence is strengthened by the sales
momentum that we already see in the third quarter.”

Total revenue for the six months ended June 30, 2003 was $39.7 million,
increasing by 2% over the six months ended June 30, 2002. For the six months
ended June 30, 2003, revenue from software and information services was
$16.4 million, increasing by 18% over the comparable period last year. Net
loss for the six months ended June 30, 2003 was $4.2 million, or $0.11 per
share, compared with a net loss of $10.0 million, or $0.26 per share for the
same period last year.

Tullman continued, “Today we also announced two strategic acquisitions
that will accelerate sales and broaden our product portfolio. First, Advanced
Imaging Concepts, Inc. (AIC) will add enhanced document imaging functionality
to TouchWorks(TM) and provide AHS a product offering for the independent
physician practice market. Second, in acquiring substantially all the assets
of RxCentric, we enable our Physicians Interactive business unit to increase
sales capacity, expand its product offering, gain a number of new client
relationships and assume a solid base of international business in eight
countries.”

Allscripts Healthcare Solutions will conduct a conference call on
Wednesday, July 16, 2003 at 4:30 PM Eastern time. The conference call can be
accessed by dialing 1-800-374-0526, or via the Internet at
www.allscripts.com . A recording of the conference call will be available for
review through July 31, 2003 at www.allscripts.com or by calling
1-800-642-1687, ID # 1679568.

About Allscripts Healthcare Solutions

Allscripts Healthcare Solutions is the leading provider of clinical
software and information solutions focused on physicians. The Company’s
TouchWorks(TM) software is a modular electronic medical record that enhances
physician productivity using a wireless handheld device, Tablet PC, or desktop
workstation to automate the most common physician activities including
prescribing, capturing charges, dictating, ordering labs and viewing results,
providing patient education, and documenting clinical encounters.
Additionally, AHS provides patient compliance and healthcare product education
services for physicians through its Physicians Interactive(TM) business and
also provides medication fulfillment services. AHS provides software and
services to over 20,000 physicians across the U.S.

Strategic partners include IDX Systems (Nasdaq: IDXC); IMS Health
(NYSE: RX); Microsoft (Nasdaq: MSFT); Hewlett-Packard Company; Express
Scripts; and Medco Health.

TouchWorks and Physicians Interactive are trademarks of Allscripts
Healthcare Solutions. Visit AHS on the Web at www.allscripts.com .

This announcement 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 2002 Annual Report on Form 10-K, available through the Web site
maintained by the Securities and Exchange Commission at www.sec.gov .

 Allscripts Healthcare Solutions, Inc.
                      Condensed Consolidated Balance Sheets
                             (amounts in thousands)
                               (Unaudited)
                                                        June 30,  December 31,
    Assets                                                2003          2002

     Current assets
         Cash and cash equivalents                      $17,974 $17,247
         Marketable securities                            7,695        19,117
         Accounts receivable, net                        14,960        18,659
         Other receivables                                  384           747
         Inventories                                      3,410         3,988
         Prepaid expenses and other current assets        3,262         3,337
             Total current assets                        47,685        63,095

     Long-term marketable securities                     41,322        28,922
     Fixed assets, net                                    2,958         4,384
     Intangible assets, net                               4,541         4,793
     Other assets                                         3,340         3,159
             Total assets                               $99,846 $104,353


    Liabilities and Stockholders' Equity

     Current liabilities
         Accounts payable and accrued liabilities       $10,659 $10,682
         Accrued restructuring and other charges            595         1,140
         Deferred revenue                                 6,751         6,547
             Total current liabilities                   18,005        18,369

     Other liabilities                                      200           163
             Total liabilities                           18,205        18,532


     Stockholders' equity                                81,641        85,821

           Total liabilities and stockholders' equity   $99,846 $104,353 Allscripts Healthcare Solutions, Inc.
                 Condensed Consolidated Statements of Operations
                 (amounts in thousands, except per-share amounts)
                                   (Unaudited)

                                         Three Months Ended   Six Months Ended
                                               June 30,           June 30,
                                             2003     2002     2003     2002

    Revenue:
          Prepackaged medications          $11,170 $12,480 $23,288 $24,959
          Software and related services      6,020    5,018   11,816    9,457
          Information services               2,480    2,596    4,596    4,451
         Total revenue                      19,670   20,094   39,700   38,867

    Cost of revenue                         13,153   15,124   26,995   30,075
    Gross profit                             6,517    4,970   12,705    8,792

    Operating expenses:
          Selling, general and
           administrative expenses           8,804    9,577   17,356   20,002
          Amortization of intangibles          134      134      268      272
         Loss from operations               (2,421)  (4,741)  (4,919) (11,482)

    Interest and other income, net             350      779      742    1,496
    Loss before income taxes                (2,071)  (3,962)  (4,177)  (9,986)

    Income taxes                               -        -        -        -
    Net loss                               ($2,071) ($3,962) ($4,177) ($9,986)

    Net loss per share - basic and diluted  ($0.05)  ($0.10)  ($0.11)  ($0.26)

    Weighted average shares of common stock
     outstanding used in computing net loss
     per share - basic and diluted          38,457   38,422   38,449   38,248
SOURCE  Allscripts Healthcare Solutions, Inc.
    -0-                             07/16/2003
    /CONTACT:  Bill Davis, Chief Financial Officer, +1-847-680-3515, Ext. 282,
bill.davis@allscripts.com , or Dan Michelson, Vice President of Marketing,
+1-847-680-3515, Ext. 4330, dan.michelson@allscripts.com , both of Allscripts
Healthcare Solutions, Inc./
    /Web site:  https://www.allscripts.com /
    (MDRX IDXC RX MSFT)

CO:  Allscripts Healthcare Solutions, Inc.; IDX Systems; IMS Health;
     Microsoft; Hewlett-Packard Company; Express Scripts; Medco Health
ST:  Illinois
IN:  MTC CPR STW HEA
SU:  ERN CCA



JR-CS 
-- CGW050 --
5156 07/16/2003 16:06 EDT http://www.prnewswire.com 
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