Cerner Corporation’s CERN coveted CommunityWorks was recently selected by Pershing Health System to implement its electronic health record (“EHR") and revenue cycle management solutions (“RCM”). Pershing Health System, a 25-bed Critical Access Hospital located in Brookfield, MO, will receive health IT solutions from Cerner to support rural community health care organizations.
Pershing Health System will also leverage on Cerner Millennium, a digital record of patient’s health data.
How Will Cerner Help Pershing Health?
Cerner’s RCM solutions will help Pershing Health to manage financial operations and maintain patient record. It will also enhance patient billing process.
With the latest development, Brookfield residents will get strong exposure to technology-enabled health system.
Cerner’s Solutions in High Demand
Cerner witnesses consistent growth in the EHR platform and RCM solutions. Systems like Cerner Millennium and Cerner ITWorks continue to drive results.
In September, CommunityWorks platform was selected by Reeves County Hospital District. Cerner’s EHR and RCM solutions were implemented across the 25-bed critical access hospital to improve quality of health care in Reeves and also in adjacent West Texas communities (read more: Cerner's CommunityWorks Picked by Reeves County Hospital).
Cerner recently announced that Spectrum Health & Human Services has also implemented an EHR and RCM solution through the Cerner Integrated – Community Behavioral Health cloud technology to treat psychological disorders.
Spectrum leverages on Cerner’s IT applications and services, which are optimized for behavioral health. Along with the platform, patients will be able to access Cerner’s web-based portal. Through this portal, patients can can check vital health data, share self-reported information, schedule appointments and communicate with the care team (read more: Cerner Integrated Platform Implemented by Spectrum Health).
Price Performance
Cerner outperformed its industry in a year’s time.
Cerner's shares have lost 7.5% against the industry's rally of 4.8%. The current level is also lower than the S&P 500 index's gain of 7.2%.
The stock has a Zacks Rank #3 (Hold).
Key Picks
A few better-ranked stocks in the broader medical space are athenahealth ATHN, Masimo Corporation MASI and Veeva Systems VEEV.
athenahealth has a long-term expected earnings growth rate of 17.6%. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Masimo’s long-term earnings growth rate is projected at 14.8%. The stock carries a Zacks Rank #2 (Buy).
Veeva Systems’ long-term earnings growth rate is estimated at 19.3%. The stock sports a Zacks Rank #1.
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