Cerner and Adventist Health Announce Strategic Partnership for Revenue Cycle Management 12-Year Relationship Will Provide a Platform and Service for Innovation to Drive Industry-Leading Clinical and Revenue Cycle Performance KANSAS CITY, Mo. and ROSEVILLE, Calif., March 4, 2013 (GLOBE NEWSWIRE) -- Today, Adventist Health announced it will transition responsibility for its revenue management services to Cerner Corp. (Nasdaq:CERN). The health system's hospitals, clinics, and home health services represent more than $2.7 billion of annual revenue. This strategic alignment between Cerner and Adventist Health expands on the 2012 selection of Cerner to provide an integrated revenue cycle platform across Adventist Health's acute, ambulatory and post-acute venues. The new agreement covers the transition of Adventist Health's revenue management services to Cerner to improve end-to-end revenue management across the entire Adventist Health organization. Adventist Health made a strategic decision in 2012 to standardize, modernize and consolidate its system-wide revenue management functions and sought out Cerner because of Cerner's ability to marry technology with people and business processes. "To achieve this goal, we are teaming up with Cerner to create an innovative approach for our revenue cycle operations. This expanded partnership builds upon our decade-plus relationship with Cerner and allows us to leverage a single platform, ensure consistency in our revenue management operations, and reach top quartile--or better--performance in the industry,"said Robert Carmen, president and CEO of Adventist Health. "Our patients, communities and employees will benefit by this shared vision that advances the quality of care and improves the patient experience." The partnership also will focus on decreasing variability and driving best practices through the standardization of revenue management technologies and business processes, as well as fostering discovery and innovation on Adventist Health's journey to population health. Ultimately, this alignment allows for continuous innovation of software and revenue management workflows to address both current and future reimbursement models. "The landscape of health care and our country's current delivery system, payment mechanisms and regulatory footprint are undergoing a dramatic change that will challenge providers in ways never imagined even a few short years ago," said Neal Patterson,co-founder, chairman, CEO and president of Cerner. "Adventist Health is a leader in the health care industry. We look forward to serving as their strategic advisor as they face new challenges and innovate for new models of health care." Cerner and Adventist Health have partnered for more than 10 years to advance the quality of care and improve patient experience through technology and services. About Cerner Cerner is contributing to the systemic change of health and care delivery. For more than 30 years Cerner has been executing its vision to make health care safer and more efficient. We started with the foundation of digitizing paper processes and now offer the most comprehensive array of information software, professional services, medical device integration, remote hosting and employer health and wellness services. Cerner systems are used by everyone from individual consumers, to single-doctor practices, hospitals, employers and entire countries. Taking what we've learned over more than three decades, Cerner is building on the knowledge that is in the system to support evidence-based clinical decisions, prevent medical errors and empower patients in their care. Cerner® solutions are licensed by approximately 10,000 facilities around the world, including more than 2,700 hospitals; 4,150 physician practices; 45,000 physicians; 550 ambulatory facilities, such as laboratories, ambulatory centers, behavioral health centers, cardiac facilities, radiology clinics and surgery centers; 800 home health facilities; 45 employer sites and 1,750 retail pharmacies. Certain trademarks, service marks and logos (collectively, the "Marks") set forth herein are owned by Cerner Corporation and/or its subsidiaries in the United States and certain other countries throughout the world. All other non-Cerner Marks are the property of their respective owners. Nasdaq: CERN. For more information about Cerner, please visit www.cerner.com, Twitter, Facebookand YouTube. About Adventist Health Adventist Health is a faith-based, not-for-profit integrated health care delivery system serving communities in California, Hawaii, Oregon and Washington. Our workforce of 28,700 includes more than 21,000 employees; 4,500 medical staff physicians; and 3,000 volunteers. Founded on Seventh-day Adventist health values, Adventist Health provides compassionate care in 19 hospitals, more than 150 clinics (hospital-based, rural health and physician clinics), 14 home care agencies, six hospice agencies and four joint-venture retirement centers. Visit AdventistHealth.org for more information. This release contains forward-looking statements that involve a number of risks and uncertainties.It is important to note that the Company's performance, and actual results, financial condition or business could differ materially from those expressed in such forward-looking statements. The words "to create", "will benefit", "will focus" or the negative of these words, variations thereof or similar expressions are intended to identify such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: the possibility of product-related liabilities; potential claims for system errors and warranties; the possibility of interruption at our data centers or client support facilities; our proprietary technology may be subject to claims for infringement or misappropriation of intellectual property rights of others, or may be infringed or misappropriated by others; risks associated with our recruitment and retention of key personnel; risks related to our dependence on third party suppliers;government regulation; material adverse resolution of legal proceedings; and, failure of the parties to achieve the intended benefits Additional discussion of these and other risks, uncertainties and factors affecting the Company's business is contained in the Company's periodic filings with the Securities and Exchange Commission. The reader should not place undue reliance on forward-looking statements, since the statements speak only as of the date that they are made. The Company undertakes no obligation to update forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial condition or business over time. CONTACT: Cerner Media Contact: Megan Moriarty, (816) 888-2470 firstname.lastname@example.org Cerner Investors Contact: Allan Kells, (816) 201-2445 email@example.com Adventist Health Media Contact: Alicia Gonzalez (818) 800-3113
Cerner and Adventist Health Announce Strategic Partnership for Revenue Cycle Management
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