Cerner talks about the future
Tom Paine
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| Cerner's Malvern campus (Cerner website) |
Kansas City-based Cerner, the healthcare systems vendor which owns the former SMS / Siemens business in Malvern, was down 11% on Friday after reporting a slight revenue miss.
But Cerner execs discussed the future outlook, which will be closely tied to its huge DoD and VA contracts, as HISTalk reports .
Population Health (its main offering in this space is named HealtheIntent) is Cerner's big bet for the future. The company expects the federal government business, along with the replacement market, to carry the company until HealtheIntent revenue grows. but it notes that its population health business has grown less than projected.
Two years ago Cerner said it would add 250 new jobs & invest $75M at its Malvern office.
Cerner revenue last year was $5.1 billion, and its market capitalization is $18.2 billion.
I'm not sure what the Malvern campus is doing, beyond supporting its existing installed base; I'll try to find out what's up.
ProPublica doesn't think much of Cerner:
The VA shadow rulers’ signature program is “trending towards red” https://t.co/CqKHh5MA04
— tom paine (@phillytechnews) November 2, 2018
