Baptist Health South Florida Selects Cerner for Enterprise-Wide Health IT System
Aug 4 15
Cerner was selected by Baptist Health South Florida to implement CernerMillennium® and HealtheIntentSM across all of the system's hospitals, physician offices and outpatient locations. Cerner's electronic health record (EHR) system and comprehensive population health management platform will enhance the organization's existing CernerSoarian® Financials revenue cycle management solutions, providing Baptist Health with an integrated, enterprise-wide health information technology (IT) system. Cerner's interoperability capabilities also enable the system to share health records with outside health organizations regionally and nationally. Cerner will support Baptist Health's rapid expansion across its region, including the Caribbean and Latin America.
Cerner Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 4, 2015; Provides Earnings Guidance for the Third Quarter 2015; Revised Earnings Guidance for the Year 2015
Aug 4 15
Cerner Corporation reported unaudited consolidated earnings results for the second quarter and six months ended July 4, 2015. Second quarter revenue was $1.126 billion, an increase of 32% compared to $851.8 million in the year-ago period. Second quarter revenue was below guidance provided by the company. However, the lower revenue did not have a material impact on profitability, and adjusted earnings were in-line with guidance. On GAAP basis, second quarter 2015 net earnings were $115.0 million and diluted earnings per share were $0.33. Second quarter 2014 GAAP net earnings were $129.0 million and diluted earnings per share were $0.37. Adjusted net earnings were $183.0 million, compared to $138.9 million of adjusted net earnings in the second quarter of 2014. Adjusted diluted earnings per share were $0.52, an increase of 30% compared to $0.40 of adjusted diluted earnings per share in the year-ago quarter. Operating earnings were $171,736,000 compared to $191,633,000 a year ago. Earnings before income taxes were $170,657,000 compared to $194,370,000 a year ago. Cash flows from operating activities (GAAP) were $108,664,000 compared to $248,271,000 a year ago. Capital purchases were $84,870,000 compared to $62,336,000 a year ago.
For the six months, total revenues were $2,122,086,000 compared to $1,636,523,000 a year ago. Operating earnings were $338,648,000 compared to $369,636,000 a year ago. Earnings before income taxes were $337,777,000 compared to $375,363,000 a year ago. Net earnings were $225,972,000 compared to $248,559,000 a year ago. Diluted earnings per share were $0.64 compared to $0.71 a year ago. Adjusted net earnings (non-GAAP) were $340,024,000 compared to $268,011,000 a year ago. Adjusted diluted earnings per share (non-GAAP) were $0.97 compared to $0.76 a year ago. Cash flows from operating activities (GAAP) were $322,911,000 compared to $404,058,000 a year ago. Capital purchases were $167,134,000 compared to $131,997,000 a year ago.
The company currently expects third quarter 2015 revenue between $1.15 billion and $1.2 billion. Third quarter 2015 adjusted diluted earnings per share before share based compensation expense, voluntary separation plan expense and acquisition-related adjustments between $0.54 and $0.55.
Full year 2015 revenue between $4.475 billion and $4.575 billion, as compared to a prior estimated range of $4.65 billion to $4.8 billion. Full year 2015 adjusted diluted earnings per share before share based compensation expense, voluntary separation plan expense and acquisition-related adjustments between $2.09 and $2.15, as compared to a prior estimated range of $2.07 to $2.15. The company expects operating cash flow to increase in coming quarters and free cash flow to improve meaningfully.
Cerner Corporation Wins 10-Year Deal to Upgrade Defense Department S Health Records
Jul 31 15
A 10-year agreement, worth $4.3 billion has been secured by Cerner Corporation to develop the Defense Department s health records at the DoD s 55 hospitals and more than 600 clinics worldwide. The deal includes about 9.5 million Defense Department beneficiaries and more than 205,000 providers. The new system would be able to interact with the Department of Veteran Affairs separate health records system.
Cerner Corp., Leidos Inc. and Accenture Federal Services Wins Contract
Jul 30 15
Cerner Corp. along with Leidos Inc. and Accenture Federal Services was awarded the contract. The contract, reported to be one of the information technology contracts in history, ultimately could be worth $9 billion over 18 years. The Defense Department said the new system will manage the electronic health records for 9.5 million members of the military and their family members. It also will improve the ability to exchange information with the Department of Veterans Affairs and health systems in the private sector. Leidos and Cerner initially will install the system at eight locations in the Pacific Northwest late next year. The system eventually will be installed at more than 1,000 locations worldwide, including 55 hospitals and more than 600 clinics run by the Defense Department.
Catholic Health Initiatives Selects Cerner ITworks to Help Improve Service Delivery
Jul 24 15
Cerner was selected by Catholic Health Initiatives to implement Cerner ITWorks health information technology solutions and services to provide continuity of care across 47 hospitals and multiple clinical settings. Cerner will assume operational and administrative responsibilities for CHI's IT at its facilities, spanning several states that utilize Cerner Millennium electronic health record, which includes implementations currently underway and in the future, upgrades, enhancements and optimization application and operational management and support of the system, and clinical service desk support.