Profile: Cerner Corp (CERN.OQ)
17 Aug 2017
Cerner Corporation (Cerner), incorporated on October 6, 1986, is a supplier of healthcare information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations of all sizes. The Company's segments include Domestic and Global. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States. The Global segment includes revenue contributions and expenditures linked to business activity in Aruba, Australia, Austria, the Bahamas, Belgium, Bermuda, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Kuwait, Luxembourg, Malaysia, Mexico, the Netherlands, Norway, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Spain, Sweden, Switzerland and the United Arab Emirates. As of December 31, 2016, the Company had systems in over 25,000 facilities across the world, including hospitals, physician practices, laboratories, ambulatory centers, behavioral health centers, cardiac facilities, radiology clinics, surgery centers, extended care facilities, retail pharmacies, and employer sites.
The Company's solutions are offered on the unified Cerner Millennium architecture and on the HealtheIntent cloud-based platform. Cerner Millennium is a person-centric computing framework, which includes integrated clinical, financial and management information systems. The Cerner Millennium architecture allows providers to securely access an individual's electronic health record (EHR) at the point of care, and it organizes and delivers information to meet the needs of physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals and consumers. Cerner's HealtheIntent platform is a multi-purpose, programmable platform designed to scale at a population level while facilitating health and care at a person and provider level. This cloud-based platform enables organizations to aggregate, transform and reconcile data across the continuum of care.
The Company is focused on a series of initial solutions on the HealtheIntent platform, which include Longitudinal Record, which provides clinicians and the patient a view of their consolidated clinical record, gathered and normalized from multiple sources; Registries, which identifies and automatically segments patients by disease, guides interventions according to clinical practice, provides visibility to quality measures for provider's population, produces client-defined performance scorecards, and tracks their health and their interventions according to clinical practice, and Analytics, which allows the integrated data to be analyzed for the purpose of population health management and research. Its other initial solutions include Provider Performance Management, which creates visibility for providers on their performance against clinical and operation metrics; Patient/Member Engagement, which is a patient portal that provides the ability to target individuals at risk of becoming chronically ill; Care Management, which provides a person-centric approach of proactive surveillance, coordination and facilitation of health services across the care continuum; Population Health Programs, which provides identification, prediction and management of a condition at the population, provider and person level and facilitates a personalized plan of care for each member, and Contract Network Management, which is used for managing provider networks, modeling to inform payer negotiations, determining appropriate business models, and managing contract performance in near real-time.
The Company offers a range of services, including implementation and training, remote hosting, operational management services, revenue cycle services, support and maintenance, healthcare data analysis, clinical process optimization, transaction processing, employer health centers, employee wellness programs and third-party administrator (TPA) services for employer-based health plans. In addition to software and services, it offers a range of hardware and devices, both directly from Cerner and as a reseller for third parties. It offers CernerWorks managed services business, which includes Cerner ITWorks and Cerner RevWorks. Cerner ITWorks is a suite of solutions and services that enable the hospital information technology departments to meet their organization's needs while also creating a closer alignment between Cerner and its clients. Cerner RevWorks includes solutions and services to help healthcare organizations improve their revenue cycle functions. Its CommunityWorks offering leverages a shared instance of the Cerner Millennium platform across multiple clients. The Company markets PowerWorks solutions, offered on a subscription basis, directly to the physician practice market.
The Company competes with Allscripts Healthcare Solutions, Inc., athenahealth, Inc., Epic Systems Corporation, Evident Health Services, LLC, GE Healthcare, Healthland, Inc., McKesson Corporation, MEDHOST, Inc., Medical Information Technology, Inc., Deloitte Consulting, LLP, Encore Health Resources, LLC, HCI Group, IBM Corporation, Impact Advisors, S&P Consultants, The Advisory Board Company, Xerox Corporation, Ltd., AmazingCharts.com, Inc., eClinicalWorks, LLC, e-MDs, Inc., Greenway Health, LLC, Netsmart Technologies, Practice Fusion, Inc., Quality Systems, Inc., SRSsoft, Vitera Healthcare Solutions, Becton, Dickinson and Company, Connexall Company, Ltd., Nanthealth, LLC, Omnicell, Inc., PerfectServe, Inc., Philips N.V., Qualcomm, Inc., Siemens AG, Vocera Communication, Inc., Accretive Health, Inc., Conifer Health Solutions, Dell, Inc., Emdeon Corporation, Experian plc, MedAssets, Inc., Optum, Inc., Quadramed Corporation, Enli Health Intelligence, Evolent Health, LLC, i2i, Inc., Influence Health, Inc., Lightbeam Health Solutions, Lumeris, Inc. and WellCentive, Inc.
2800 Rock Creek Pkwy
KANSAS CITY MO 64117-2521