Cerner Corp. and Mortara Instrument Partners to Introduce CareAware Waveform Management
Feb 13 15
Cerner Corp. and Mortara Instrument partnered to introduce CareAware Waveform Management. The new solution displays waveforms and other physiological data from patient monitoring systems and integrates them into the Electronic Health Record (EHR). With CareAware Waveform Management, clinicians will be able to view physiologic waveforms, data and alarms on devices with access to the patient record. Caregivers will be
able to monitor patient waveforms in the context of other relevant patient information. The solution will help streamline documentation by enabling clinicians to electronically view, measure, annotate and save waveform strips to the EHR, eliminating one of the final pieces of paper in the hospital setting.
Cerner Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended January 3, 2015; Provides Earnings Guidance for the First Quarter and Full Year of 2015
Feb 10 15
Cerner Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended January 3, 2015. For the quarter, the company's total revenues were $926,031,000 against $795,328,000 a year ago. Operating earnings were $205,294,000 against $83,749,000 a year ago. Earnings before income taxes were $208,476,000 against $86,505,000 a year ago. Net earnings were $147,872,000 or $0.42 diluted per share against $60,063,000 or $0.17 diluted per share a year ago. Adjusted net earnings were $163,117,000 or $0.47 diluted per share against $136,690,000 or $0.39 diluted per share a year ago. Cash flows from operating activities were $223,448,000 against $141,480,000 a year ago. Capital purchases were $76,212,000 against $134,471,000 a year ago. Non-GAAP free cash flow was $100,197,000 against negative free cash flow of $41,689,000 a year ago.
For the year, the company's total revenues were $3,402,703,000 against $2,910,748,000 a year ago. Operating earnings were $763,084,000 against $576,012,000 a year ago. Earnings before income taxes were $774,174,000 against $588,054,000 a year ago. Net earnings were $525,433,000 or $1.50 diluted per share against $398,354,000 or $1.13 diluted per share a year ago. Adjusted net earnings were $576,435,000 or $1.65 diluted per share against $496,779,000 or $1.41 diluted per share a year ago. Cash flows from operating activities were $847,027,000 against $695,865,000 a year ago. Capital purchases were $276,584,000 against $352,877,000 a year ago. Non-GAAP free cash flow was $392,643,000 against $168,339,000 a year ago.
For the first quarter of 2015, the company expects revenue between $1.05 billion and $1.1 billion. Adjusted diluted earnings per share before share based compensation expense and acquisition related adjustments between $0.44 and $0.45. Share based compensation expense to reduce diluted earnings per share by approximately $0.03 to $0.04.
For the full year of 2015, the company expects revenue between $4.8 billion and $5.0 billion. Adjusted diluted earnings per share before share based compensation expense and acquisition related adjustments between $2.05 and $2.15. Share based compensation expense to reduce diluted earnings per share by approximately between $0.14 and $0.16. The company expects tax rate to be in the 33% to 35% range.
John Glaser Joined Cerner as a Senior Vice President and Member of the Executive Cabinet
Feb 2 15
Cerner Corp. announced the completion of its acquisition of Siemens Health Services' assets, client relationships and associates. John Glaser, the former CEO of Siemens Health Services, has joined Cerner as a senior vice president and member of the company's executive cabinet. Glaser will support former Siemens Health Services clients as they transition to Cerner. He
will also leverage his extensive health IT background to drive policy, strategic initiatives and market innovations, for Cerner.
University Medical Center and Cerner Partner to Align Electronic Health Record and Clinical IT Teams
Jan 29 15
University Medical Center, or UMC, Health System and Cerner Corp. have entered into a 10-year extended relationship to align electronic health record, or EHR, and clinical IT teams at UMC, Texas Tech Physicians of Lubbock and UMC Physicians Network Services, or PNS. UMC, Tech, PNS and Cerner have worked together for more than a decade. Under the alignment, UMC will work with Cerner to further implement the shared digital patient record, automate additional clinical workflows including endoscopy and oncology and create a single communications platform across the three organizations. The new solutions, new platform and new workflows will bring an even deeper level of continuity of care as well as position UMC for the future of health care including changes anticipated with health reform and regulatory requirements.