Cerner Corporation (CERN) - nowadays acquired by Oracle Corporation, is a global technology company that provides a range of software and services to healthcare organizations, including hospitals, clinics, and physician practices. The company offers a variety of products and services, including electronic health record (EHR) systems, revenue cycle management software, population health management tools, and other health IT solutions.
Cerner's flagship EHR system, Millennium, is used by healthcare providers to manage patient information, clinical workflows, and decision support tools. The company also offers a range of revenue cycle management tools, including billing and collections software, and population health management solutions that enable healthcare organizations to identify at-risk patients and coordinate care more effectively.
In addition to its software products, Cerner also provides a range of services, including implementation, training, and consulting services to help healthcare organizations optimize their use of Cerner's technology. The company has a significant presence in the U.S. healthcare market, and also serves clients in international markets.
Cerner has a strong financial profile, with consistently high levels of revenue and profitability. In 2020, the company reported total revenue of $5.7 billion and net income of $796 million. The company has a market capitalization of approximately $23 billion as of February 2023.
Cerner faces competition from a range of other healthcare technology companies, including Epic Systems Corporation, Allscripts Healthcare Solutions, Inc., and Athenahealth, Inc. However, the company's strong market position, established customer base, and focus on innovation and product development have helped it maintain its position as a leading provider of healthcare technology solutions.
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