He offers Cerner, which develops software to deliver information and reduce paperwork in health care.
That's great news for Cerner (38, CERN) , the biggest pure play in electronic medical records.
Health IT firms such as Cerner, AllScripts, and AthenaHealth might want to listen.
Allscripts and rivals like Cerner and Epic found ways to automate a complicated clinical encounter.
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Thanks to that law, revenues at companies such as Cerner, Epic, and athenahealth have soared.
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The city already has a significant IT footprint in Cerner Corp. and Sprint, both headquartered nearby.
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Electronic health records giant Cerner was on the list, so were McKesson and Meditech.
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Cerner sells software and systems that organize and deliver patient information to doctors, nurses, pharmacists and lab techs.
McKesson, Cerner, Allscripts, Greenway, and athenahealth which make up 41% of the EHR market hope others will join.
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Athenahealth ( ATHN) is one, Quality Systems ( QSII), and Cerner ( CERN).
Cerner is one of the oldest companies out there doing medical records too.
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Paul Black, a former chief operating officer of Cerner, is now CEO.
Disparate databases have to be lashed together, which is perhaps why competitors Epic Systems and Cerner have studiously avoided acquisitions.
Small- and medium-sized companies, as well as big corporations, including Cerner, Garmin, Google, and TEVA Neurosciences, are members.
At rival Cerner, sales and marketing make up 4% of total expenses.
Cerner trades at 16 times expected 2009 earnings, a fair price given the reasonable expectation of 18% annual profit growth over the next five years.
The total market cap of publicly-traded health IT companies remains small, with electronic health records vendors leading the pack, such as Cerner and Athenahealth.
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"Cerner's been doing fine without the stimulus because there are billions to be saved by health care providers, " says analyst Steven Halper at Thomas Weisel Partners.
Maybe it took longer than it should, but a group of electronic health records vendors led by McKesson and Cerner did the right thing today.
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Halper applauds Cerner's rapid international expansion and its long-distance maintenance.
Illig co-founded heath IT provider Cerner, which benefitted this week on Wall Street expectations that its combination of tech, outsourcing services and consulting will bring steady profits for the foreseeable future.
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In a bid to put a private sector stamp on the push for interoperability, a group of electronic health records vendors led by Cerner and McKesson formed the CommonWell Health Alliance yesterday.
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Among the largest underlying components of VOT, in trading today Teradata Corp ( NYSE: TDC) is up about 0.8%, Cerner Corp. ( NASD: CERN) is up about 0.2%, and Chipotle Mexican Grill Inc ( NYSE: CMG) is relatively unchanged.
Among the largest underlying components of VOT, in trading today Motorola Mobility Holdings Inc. ( NYSE: MMI) is trading flat, AmerisourceBergen Corp. ( NYSE: ABC) is up about 0.6%, and Cerner Corp. ( NASD: CERN) is lower by about 0.3%.
Just a month ago Cerner had to tell many of their clients in medical records that they had to wait to attest as the numbers were not adding up right, so doctors were delayed on attesting to meeting meaningful use.
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