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Last $73.40 USD
Change Today +4.91 / 7.17%
Volume 5.5M
CERN On Other Exchanges
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CERN is not on other exchanges.
As of 8:10 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

cerner corp (CERN) Key Developments

Catholic Health Initiatives Selects Cerner ITworks to Help Improve Service Delivery

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.

Cerner Announces the Creation of an EHR-Agnostic Tool

Cerner announced the creation of an EHR-agnostic tool that improves the accuracy of fall risk detection by 60%, compared to traditional fall assessment methods. When used with a fall risk algorithm developed over the past 10 years by Cerner, a Cerner study has shown the tool can help clinicians identify fall-risk patients with a 90% accuracy rate in 10 minutes. By comparison, studies show traditional questionnaire-type assessments identify only 30% of patients who later experience a fall. At a fraction of the cost of standard kinesiology assessments, which are most readily available at academic medical centers, and about the size of a pack of gum, the tool is relatively inexpensive at around $100, inconspicuous, reusable and designed to be used in clinics of all sizes, including smaller critical access and community hospitals. Cerner will expand initial availability of the tool this year. Patients belt the tool around their waist and walk independently or with assistance around a clinic, doctor's office or hospital hallway for 10 minutes. Time series analysis and mathematical models calculate the patient's movement, speed and activity. The tool is compatible with existing nursing workflows and processes, and caregivers receive a personalised assessment of the patient when data from the tool is uploaded into a computer. Additional Cerner tools are in place to help identify and monitor at-risk patients and provide a comprehensive view of an individual's fall risk. Using smart room technology, another EHR-agnostic tool – Cerner Patient Observer (CPO) – features instant visual and audio alert monitoring for multiple patient rooms at once. The technology provides 3-D motion sensors, two-way communication between the patient and caregiver, and enhanced monitoring and alert screens for nurses to have instant notification of a potential risk, all from a central monitoring station. With typical CPO deployments, client results show a reduction in cost per sitter hour of 60% to 70%. Cerner's Millennium electronic health record is also integrated with an automated clinical decision support system for patient fall prevention. Multiple risk factors are evaluated by the solution as a byproduct of documentation of clinical assessments, problems and diagnoses, medications and a fall risk score. Once an at-risk patient is identified, an automated plan is produced and the caregiver is provided with specific intervention tools to review and discuss with the patient.

The Allgemeine Unfallversicherungsanstalt Selects Cerner Corporation's Electronic Health Record

The Allgemeine Unfallversicherungsanstalt agreed to implement Cerner Millennium® electronic health record in seven emergency hospitals and four rehabilitation centers. The new agreement will significantly expand Cerner's market share in Austria. An essential part of the multi-year project will be the introduction of the electronic patient record, electronic medication and the interactive digital chronological patient timeline. In addition, the emergency department, order management processes and clinical documentation for nursing and ancillary departments will be digitized.

DHA Selects Cerner Corporation for Anatomic Pathology Laboratory Information System

The Defense Health Agency selected Cerner Corporation to replace the Military Health System's, or MHS, existing anatomic pathology laboratory information system. Cerner will issue its CoPathPlus software licenses and implement server hardware, peripheral equipment and services throughout all Department of Defense (DoD) military treatment facility anatomic pathology laboratories around the world. The CoPathPlus deployment will provide comprehensive anatomic pathology workflow automation, management reporting and quality-assurance functionality to the MHS.

Cerner Wins $16.3 Million Defense Contract

Cerner Corporation won $16.3 million contract to replace the U.S. Military Health System's existing anatomic pathology laboratory information system. The contract covers software, licenses, hardware and equipment. The work will be done in Falls Church, Va., and has an estimated completion date of May 2020.

 

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Industry Analysis

CERN

Industry Average

Valuation CERN Industry Range
Price/Earnings 46.4x
Price/Sales 6.7x
Price/Book 6.3x
Price/Cash Flow 45.6x
TEV/Sales 6.3x
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