Cerner Corporation Strengths, Domain Expertise, and Key Differentiators
Cerner 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. This architecture allows providers to securely 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. Its HealtheIntent platform is a cloud-based platform designed to scale at a population level while facilitating health and care at a person and provider level. On the HealtheIntent platform, Cerner offers solutions that aggregate, transform and reconcile data across the continuum of care, enabling key stakeholders to manage the health of populations, improve outcomes and lower costs. Cerner also has an EHR agnostic platform, CareAware, that facilitates connectivity of health care devices to EHRs, allowing for more efficient and effective care.
Cerner Corporation Recent Developments
In February 2019 Cerner introduced Chart Assist, a new AI-enabled workflow, to join a suite of solutions designed to reduce physician burnout, enhance the clinician’s experience and increase productivity. Cerner’s suite of AI-enabled solutions goes beyond traditional processing and focuses on user efficiency to identify gaps and inconsistencies within the patient record. These advancements will help providers address patient care and validate diagnoses, ultimately helping to reduce the physician workload, while supporting the financial strength of the health system.
Recently, Cerner willingly participated in a study reported by MedStar Health that is designed to help push for changes to address risks to patient safety and clinician burnout. Cerner has been actively engaged in addressing burnout as an industry challenge, with a focus on engaging the physician in the building of EHR workflows to better reflect how they deliver care. The use of analytics, research and feedback is key to continuously optimize solutions to deliver a more personalized and intuitive care delivery experience.
Cerner Corporation Mergers and Acquisitions (M&A) Activities
In October 2019, Cerner acquired AbleVets, to fine-tune its IT offerings for the federal space. Earlier, in February 2015, Cerner acquired the Health Services business from Siemens AG, which offered a portfolio of enterprise-level clinical and financial health care information technology solutions, as well as departmental, connectivity, population health, and care coordination solutions globally.
Cerner Corporation Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Cerner Corporation applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Cerner Corporation and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Millennium+, customers.
Cerner Corporation Overview
Ownership: - NASDAQ: CERN
Number of Employees: 27000
Cerner Corporation Key Enterprise and Cloud Applications
Cerner Corporation Revenues, $M:
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Cerner Corporation Revenue Breakdown By Type, $M:
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Cerner Corporation Enterprise Applications Revenues By Functional Markets, $M:
Cerner Corporation Enterprise Applications Revenues By Verticals, $M:
Cerner Corporation Revenues By Region, $M
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Cerner Corporation Direct vs Indirect sales
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Cerner Corporation Customers - Breakdown by Geo, Size, Vertical and Product
No. of Cerner Corporation Customers: 27500
No. of Cerner Corporation Enterprise Applications Customers: 27500
No. of Cerner Corporation Cloud Customers: x
No. of Cerner Corporation Cloud Subscribers: x
Cerner offers a wide range of intelligent solutions and services that support the clinical, financial and operational needs of more than 27,000 facilities worldwide, including hospitals, physician practices, laboratories, ambulatory centers, behavioral health centers, cardiac facilities, radiology clinics, surgery centers, extended care facilities, retail pharmacies, and employer sites.
Cerner Corporation Market Opportunities, M&A and Geo Expansions
While COVID has hurt Cerner clients financially by significantly reducing elective procedures and other margin contributors, Cerner's intense focus on supporting them through the pandemic has enabled us to strengthen and extend client relationships and actually help plan for their post COVID recovery. As an example, Cerner recently announced the expansion of its Banner Health relationship to include Cerner's Revenue Cycle Management Solution. With 28 hospitals in 6 states, Banner is one of the country's largest health systems.
Cerner Corporation Risks and Challenges
Cerner appears to be staking its future on securing the biggest possible electronic health record contracts possible. Winning them and executing them flawlessly, which often require heavy involvement of system integration partners, will be a challenge for Cerner. On the other hand, Cerner is aggressively expanding its services business, which has grown faster than its systems sales over the past few years. Though services revenue has always been a major component of healthcare IT spend, its future of chalking up double-digit growth may be in question. After all, one of the reasons for the US healthcare system overhaul underway has been to reduce reimbursement by clamping down on services outlay through automation.
Cerner Corporation Ecosystem, Partners, Resellers and SI
Cerner primarily sells direct and it relies on hardware and ISV partners such as HP and Oracle. Furthermore, Cerner’s ecosystem partners can take advantage of more than 250 APIs, including a growing number of standards-based FHIR APIs which we believe will become the norm for the health IT industry in the future.
In August 2020, Cerner announced new collaboration with Amazon that allows consumers to easily connect vital health and well-being information with their broader health care teams. The Amazon Halo, a new service dedicated to helping customers improve health and wellness, can connect to Cerner’s technology where individuals can opt-in to share activity, sleep, body fat percentage and other important wellness data from the comfort of their home. Historically this type of data has been siloed or difficult to obtain. Wearable technology, such as the Amazon Halo, can help achieve greater interoperability across health care when integrated directly into a patient’s electronic health record (EHR). Longtime Cerner client Sharp HealthCare is the first health system to implement Amazon Halo in the health care setting. The first health system to implement the Amazon Halo integration is Cerner client Sharp HealthCare, a leading health care provider located in San Diego with 2,600 physicians across four acute care and three specialty hospitals.
Cerner Corporation Cloud Infrastructure Insights
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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