Profile: Cerner Corp (CERN.OQ)
Cerner Corporation (Cerner), incorporated on October 6, 1986, is a healthcare information technology company. The Company offers a range of software, professional services, medical device integration, remote hosting and employer health and wellness services. It designs, develops, markets, installs, hosts and supports healthcare information technology, health care devices, hardware and content solutions for healthcare organizations and consumers. The Company also provides range of value-added 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 services for employer-based health plans. Cerner’s systems are used by individual consumers, single-doctor practices, hospitals, employers and entire countries.
Cerner has two operating segments, 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, Brazil, Canada, Cayman Islands, Chile, Egypt, England, France, Germany, Guam, India, Ireland, Israel, Malaysia, Mexico, Qatar, Saudi Arabia, Singapore, Spain, Switzerland and the United Arab Emirates. Cerner solutions are licensed by approximately 14,000 facilities across the world, including more than 3,000 hospitals; 4,900 physician practices; 60,000 physicians; 590 ambulatory facilities, such as laboratories, ambulatory centers, behavioral health centers, cardiac facilities, radiology clinics and surgery centers; 3,500 extended care facilities; 150 employer sites and 1,790 retail pharmacies.
The Company solutions are offered on the unified Cerner Millennium architecture, a person-centric computing framework, which combines clinical, financial and management information systems. This architecture allows providers to access an individual’s electronic health record (EHR) at the point of care, and it organizes and proactively delivers information to meet the specific needs of physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals and consumers. The Company also offers the Millennium+ architecture, which leverages the cloud and enables greater mobility. It also created the Healthe Intent platform, a cloud-based platform that enables a new generation of solutions to leverage the increasing amount of data being captured as the healthcare industry is digitized. On the Healthe Intent platform, the Company is building EHR-agnostic solutions based on statistical algorithms that are intended to help providers predict and improve outcomes, control costs and improve quality. The Company’s CernerWorks managed services business includes Cerner ITWorksSM, a suite of solutions and services that improve the ability of hospital IT departments to meet their organization’s needs, and RevWorksSM, which includes solutions and services to help healthcare organizations improve their revenue cycle functions.
The Company competes with Allscripts Healthcare Solutions, Inc., Computer Programs and Systems, Inc., Epic Systems Corporation, GE Healthcare Technologies, Healthcare Management Systems, Inc., Healthland, Inc., Computer Sciences Corporation, McKesson Corporation, Medical Information Technology, Inc. (Meditech), Siemens Medical Solutions Health Services Corporation, Quadramed Corporation, Accenture plc, Clinovations, Inc., Dell, Inc., Deloitte Consulting LLP, Encore Health Resources, LLC, IBM Corporation, Leidos Holding, Inc., Xerox Corporation Ltd., AmazingCharts.com, Inc., Athenahealth, Inc., eClinicalWorks LLC, e-MDs, Inc., MED3000, Inc., Practice Fusion, Inc., Quality Systems, Inc., SRSsoft, Vitera Healthcare Solutions, API Healthcare, CapsuleTech, Inc., CareFusion Corporation, iSirona, LLC, Omnicell, Inc., Accretive Health, Inc., Confier Health Solutions, Emdeon Corporation, MedAssets, Inc., Optum, Inc., SSI Group, Inc. and 3M Company.
2800 Rockcreek Pkwy
KANSAS CITY MO 64117-2521