CPSI vs. CERN: Which Stock Is the Better Value Option?
Cerner’s (CERN) third-quarter results are likely to reflect solid show by Subscriptions and Managed Services segments.
Cerner (CERN) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Nuance® Communications, Inc. (NASDAQ: NUAN) today announced that it has expanded its long-standing AI collaboration with Cerner Corporation (NASDAQ: CERN) to include the integration of Nuance’s virtual assistant technology into the Cerner Millennium® electronic health record (EHR). Building upon the existing integration between Nuance’s Dragon® Medical platform and Cerner Millennium, joint clients can utilize Nuance’s advanced natural language virtual assistant technology to navigate the EHR using just their voice, giving clinicians more time to spend with their patients and less time with their computer.
WASHINGTON, Oct. 06, 2020 (GLOBE NEWSWIRE) — Business Group on Health today honored Cerner Corporation (Nasdaq: CERN), a global health care technology company, with its prestigious Helen Darling Award for Excellence in Health Care Value and Innovation. The annual award recognizes an employer for innovative and cost-effective use of health care resources while prioritizing the employee health care experience and creating sustainable, high-value programs. “We are honored to accept this prestigious award, which demonstrates Cerner’s commitment to the health and well-being of our associates across the world,” said Tracy Platt, chief human resources officer, Cerner. “At Cerner, we aim to provide a complete set of benefits to address the physical, social, mental and financial health of our associates and their families as well as resources to help them take charge of their health. We’ve provided countless resources to support them during the pandemic and help them navigate working virtually for the majority of this year.”In honoring Cerner, the Business Group highlighted the company’s approach to innovative programs designed to encourage and enhance Cerner associate’s health care experience including: * Development of an innovative Center of Excellence bariatric program that brings together both internal partners and a national health system partner to provide personalized patient navigation, surgical decision support and a focus on efficacy of weight loss surgery. * A comprehensive maternity program that includes personal coaching sessions, high-quality education and Cerner Certified Maternity Partner relationships for delivery. * Medical coverage for fertility treatments, including In vitro fertilization and egg freezing plans, through the Progyny network. This also includes fertility medication coverage and administration. * Addressing mental health through the integration of routine depression screenings, coverage for most generic depression and anxiety medications and access to therapists within the on-site clinic model. Through their THRIVE programming, Cerner provides comprehensive mental well-being education, resources and toolkits for their associate population in addition to access to brain training tools, EAP counseling and work-life services.“We commend Cerner for developing innovative approaches to deliver high quality, efficient and affordable health care for their associates and their families,” said Ellen Kelsay, Business Group on Health’s President and CEO. “Cerner is truly a pioneer in the use of health resources— their programs demonstrate a commitment to improving health care value, quality, employee engagement and health outcomes.”Cerner received the award during Business Group on Health’s virtual Workforce Strategy conference. The award was presented virtually to Yvonne Frame, Director, Benefits and Wellness at Cerner Corporation.“On behalf of the entire Business Group and the Board of Directors, we congratulate Cerner and its leadership team for its dedication to improving health care quality and outcomes for Cerner’s associates, and setting a great example for other employers,” said Jim Huffman, chair of the board of Business Group on Health.About the Helen Darling Award for Excellence in Health Care Value and Innovation The Helen Darling Award for Excellence in Health Care Value and Innovation recognizes outstanding employers, that encourage the implementation of initiatives and innovations that promote the efficient and cost-effective use of health care resources while demonstrating a track record of enhancing the employee health care experience.About Business Group on Health Business Group on Health is the only non-profit organization devoted exclusively to representing large employers’ perspective on health policy issues and optimizing workforce strategy through innovative health, benefits and well-being solutions. The Business Group keeps its membership on the leading edge of innovation, thinking and action to address health care cost and the delivery, financing, affordability and experience with the health care system. Business Group members, many of whom have operations globally, include 74 Fortune 100 companies, and provide health coverage for more than 60 million workers, retirees and their families in over 200 countries. For more information, visit www.businessgrouphealth.org. About CernerCerner’s health technologies connect people and information systems in thousands of contracted provider facilities worldwide dedicated to creating smarter and better care for individuals and communities. Recognized globally for innovation, Cerner assists clinicians in making care decisions and assists organizations in managing the health of their populations. The company also offers an integrated clinical and financial system to help manage day-to-day revenue functions, as well as a wide range of services to support clinical, financial and operational needs, all focused on people. For more information, visit Cerner.com, The Cerner Blog, The Cerner Podcast or connect on Facebook, Instagram, LinkedIn or Twitter. Nasdaq: CERN. Health care is too important to stay the same.Contact: Ed Emerman 609 240 2766 firstname.lastname@example.org
CERN earnings call for the period ending June 30, 2020.
The healthcare information technology leader beat expectations on earnings, but its revenue fell short.
Cerner (CERN) second-quarter results benefit from gains in Subscriptions and Managed services units, and expansion in margins.
Cerner Shares Insights at First-Ever Virtual Health Conference Shafer Reveals Solutions to Reduce Clinician Burnout and Remove Barriers to Equitable Health CareKANSAS CITY, Mo., Oct. 13, 2020 (GLOBE NEWSWIRE) — During his keynote at the Cerner Health Conference (CHC), Brent Shafer, chairman and CEO of Cerner Corporation (Nasdaq: CERN), today highlighted the company’s use of data to help resolve clinician burnout, improve health equity and enhance clinical, financial and operational outcomes.This year’s global pandemic has underscored the increasing importance of providing a more complete picture and insights into patient care. Cerner’s sharp focus on intelligence and interoperability is not only delivering masses of data where it needs to go — regardless of its origination — but is also making it more usable to help solve challenges health care is facing today.“Cerner has provided important insights and helped make clinical and operational decisions easier for more than 40 years. Today we’re using actionable data to truly transform health care,” said Shafer. “More than ever before, we have tools, technology and innovations to fight this global pandemic. Whether it’s working with health systems from around the world to set up field hospitals, sharing data to help stop the spread or delivering intelligence to better manage patients, equipment or bed availability, we rushed to support the work of health care providers across the globe.”Using data to drive global health care transformation isn’t new for Cerner. The company – started in 1979 – has been a global leader in electronic health records (EHR) for more than 40 years. During that time, Cerner has amassed 250 million patient records supporting 80 million patient visits each year. Paired with nearly 600 patents – more than all core competitors combined, and up nearly 100 new patents from a year ago – Cerner’s investments in technology are nearly $800 million each year to improve and launch new products designed for more effective and cost-efficient heath care delivery.“We put our technology and experience to work when a once-in-a-lifetime pandemic hit the world. We acted immediately to help providers reduce strain on technology infrastructure, identify at-risk patients and provide fact-based, data-driven decision support for clinicians,” Shafer said.Enhancing the Clinician Experience with Data Lauded as heroes during the COVID-19 pandemic, frontline health care workers have also experienced high rates of depression, suicide and professional burnout. According to a recent New England Journal of Medicine study, 55% of clinicians suffer from burnout. Shafer shared Cerner’s commitment to innovating new tools and EHR enhancements to increase clinician satisfaction and return the joy of practicing medicine.“In the past year, Cerner has saved clinicians over 35,000 hours of documenting,” said Shafer. “The work doesn’t stop there. We’ll continue to innovate data-driven solutions that further reduce the documentation burden and provide clinical, financial and operational insights for Cerner’s clients.”Amidst the recent global pandemic, Cerner offered its de-identified COVID-19 data to approved academic researchers at no-charge for epidemiological studies, clinical trials and medical treatments. Since launching last year, nearly 50 health and academic organizations have signed on to the Cerner Learning Health NetworkSM – a network comprised of nationwide, heterogenous health systems. It is used to transform data collection and application to support research regarding underlying illnesses, chronic conditions, treatments, lab results and clinical complications – and now to help track spread and surge of COVID-19 – ultimately to improve outcomes and drive important medical decisions.“Traditionally there has not been a good way to conduct large-scale research to understand effectiveness of new treatments,” said Dr. Eric Peterson, a world-renowned cardiologist, researcher and professor of medicine, Duke Clinical Research Institute. “Now researchers and clinicians have easy access to – and scalability of – large, diverse data sets, as well as the ability to collaborate with entities around the nation that may be facing similar challenges.”Through interoperability and intelligence, a more complete picture is painted, and better insights are revealed into patient care. Today, Shafer unveiled Cerner Unite
, taking interoperability beyond connectivity to true usability, and Cerner Discover , a portfolio of intelligence-integrated products. Together these portfolios are designed to improve data quality, simplify data reconciliation and seamlessly integrate data-driven insights into clinician workflows – on any health platform.One recent example of using patient data across disparate systems is the joint Health Information Exchange, powered by Cerner, designed to extend interoperability between Department of Veterans Affairs and Department of Defense. This connection of data brings to reality their shared vision of seamlessly and securely sharing information across both departments and their community of providers ensuring a seamless care experience for Service members and Veterans.“With one of the largest collections of personal health information in the world, Cerner is creating insights to tackle complex problems,” said Shafer. “Data helps solve issues in days versus weeks, minutes versus hours – health care needs to move at the speed of innovation.” On average, doctors spend more than 16 minutes per patient in the EHR with only 15 minutes allotted for most patient appointments. Cerner is committed to giving more time back to doctors and nurses. Providers who have adopted the most recent technology have saved four million hours per year in the EHR. Cerner analysis shows that, if health organizations running Cerner platforms adopted the most recent updates and trained on the latest technology, together we could save our doctors and nurses an additional 13 million hours per year.Using Data to Remove Barriers to Health Equity COVID-19’s disproportionate impact on minority, underserved and geographically remote communities has emphasized how food, housing, transportation and other areas of social inequality impact health care outcomes. An estimated 80% of issues related to a person’s health are non-clinical factors impacted by birthplace, hometown, employer and age.As Shafer announced during his keynote, Cerner will launch a series of dashboards early next year to help locate social disparities and pinpoint areas where resources are needed. Through geospatial analysis, physicians can help determine certain patient vulnerabilities by zip code. Based on the CDC’s Social Vulnerability Index, the dashboards are expected to show age groups, chronic conditions, racial divides and where avoidable emergency department visits are occurring most frequently.Charleston, South Carolina-based Roper St. Francis Healthcare is using Cerner’s HealtheIntent® data and insights today to strategically target and implement innovative community outreach programs to pre-emptively treat at-risk and under-served populations and geographic areas.”Using geospatial mapping capabilities within HealtheIntent, you can look at publicly available data, such as social determinants of health, average income levels and more,” said Jeanne Ballard, chief medical information officer, Roper St. Francis Healthcare. “It gives you a flavor of the characteristics of a certain community.”Swift Action During COVID-19 At the onset of COVID-19, Cerner rapidly helped health systems and clinicians adjust to the overwhelming impact of the pandemic. Determining the availability of hospital beds, staffing and medications, near real-time metrics became more important than ever to a health system’s success. Using artificial intelligence, the Cerner Command CenterTM dashboard puts the most critical pieces of information in one location.Northern Light Health System of Bangor, Maine adopted the Cerner Command Center dashboard just weeks before COVID-19 hit. “Working with Cerner on our digital transformation is like moving from lighthouses to an advanced traffic control system,” said April Giard, Vice President and CIO, Northern Light Health System. “We’ve moved from a static view of what’s happening to a near real-time pulse where we can make staffing and resource adjustments to be sure patients are getting what they need.”By putting critical information at the fingertips of clinicians, researchers and communities, data insights are helping resolve many issues health care and other industries are facing in unprecedented times.The 35th annual Cerner Health Conference offers more than 100 education sessions and solution demonstrations featuring 50 health systems.About Cerner Cerner’s health technologies connect people and information systems in thousands of contracted provider facilities worldwide dedicated to creating smarter and better care for individuals and communities. Recognized globally for innovation, Cerner assists clinicians in making care decisions and assists organizations in managing the health of their populations. The company also offers an integrated clinical and financial system to help manage day-to-day revenue functions, as well as a wide range of services to support clinical, financial and operational needs, focused on people. For more information, visit Cerner.com, The Cerner Blog or connect on Facebook, Instagram, LinkedIn, Twitter or The Cerner Podcast. Nasdaq: CERN. Health care is too important to stay the same.Media Contacts: Cerner Stephanie Greenwood, Media Relations, Stephanie.Greenwood@cerner.com
KANSAS CITY, Mo., Oct. 14, 2020 (GLOBE NEWSWIRE) — Cerner Corporation (Nasdaq: CERN) today announced it will release its third quarter 2020 earnings results after the market closes Wednesday, October 28th. Following the release, the company will hold a conference call at 3:30 p.m. CT that can be accessed via dial-in or webcast. On the call, Cerner will discuss its results and outlook and answer questions from the investment community. The call may also include discussion of Cerner developments and other material and forward-looking information about business and financial matters. The dial-in number for the conference call is (678) 509-7542; the passcode is Cerner. The company recommends joining the call 15 minutes early for registration. An audio webcast will be available live and archived on Cerner’s website in the Investor Relations section.About Cerner Cerner’s health technologies connect people and information systems at thousands of contracted provider facilities worldwide dedicated to creating smarter and better care for individuals and communities. Recognized globally for innovation, Cerner assists clinicians in making care decisions and assists organizations in managing the health of their populations. The company also offers an integrated clinical and financial system to help manage day-to-day revenue functions, as well as a wide range of services to support clinical, financial and operational needs, focused on people. For more information, visit Cerner.com, The Cerner Blog, The Cerner Podcast or connect on Facebook, Instagram, LinkedIn or Twitter. Nasdaq: CERN. Health care is too important to stay the same.Media Contact: Stephanie Greenwood, Public Relations, (816) 201-2137 Investor Contact: Allan Kells, Investor Relations, (816) 201-2445