Cerner
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| Type | Public (NASDAQ: CERN) |
|---|---|
| Founded | 1979 |
| Headquarters |  North Kansas City, Missouri |
| Key people | Neal L. Patterson, CEO Clifford W. Illig, Vice Chairman Marc G. Naughton, CFO Earl H. "Trace" Devanny III, President Julie M. Wilson, CPO |
| Industry | Healthcare Information Services |
| Products | Software |
| Revenue | ▲$1.68 billion USD (2008) |
| Employees | ~7,800 (January 2008) |
| Website | www.cerner.com |
Cerner Corporation (NASDAQ: CERN) is an international health care information technology corporation that specializes in providing complete systems for hospitals and other medical organizations to manage and integrate all electronic medical records, Computer physician order entry (CPOE) and financial information.[1]
Cerner claims to be the largest provider of electronic medical systems in the United States.[2][3]. Its largest competitor McKesson Corporation is larger in size but McKesson has income from other non-technology medical sources.
As of Second Quarter 2009 its systems are licensed by 8,000 facilities around the world including 2,100 hospitals, 1,500 pharmacies and 3,300 physician practices representing 30,000 physicians.[4]
It has more than 7,800 employees. As of June 2006[update], approximately 1,900 associates in the United States and 300 associates in India were involved full-time in the Cerner has more than 6,000 clients worldwide.
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[edit] History
Cerner was founded in 1979 by Neal Patterson, Paul Gorup and Cliff Illig, who were colleagues at Arthur Andersen. Its original name was PGI & Associates (the last names of the founders). It was renamed Cerner in 1984[5] when it rolled out its first system PathNet. It went public in 1986. [6]
In 2005 (the first year it passed $1 billion in sales)[7] it acquired the Riverport Campus complex on the site of what was formerly the Sam's Town Casino above the Missouri River in North Kansas City, Missouri[8]
The world headquarters (WHQ) is across the street from North Kansas City Hospital, which was Cerner's second hospital client.[9]
In 2006 it also acquired the fomer Marion Laboratories complex for a South Campus in south Kansas City, Missouri.[10]
Its products include Powerchart and Millennium e-Booking, which is providing a code base for Choose and Book.
[edit] Subsidiaries
- Cerner Belgium, Inc. - Delaware
- Cerner BeyondNow - Missouri
- Cerner Campus Redevelopment Corporation - Missouri
- Cerner Canada Limited - Canada
- Cerner Citation, Inc. - Delaware
- Cerner Corporation PTY Limited - New South Wales (Australia)
- Cerner Deutschland GmbH - Idstein, Germany
- Cerner DHT, Inc. - Waltham, Massachusetts
- Cerner Etreby - Garden Grove, California
- Cerner Healthcare Solutions Private Limited - India
- Cerner Health Connections, Inc. - Delaware
- Cerner Iberia, S.L. - Spain
- Cerner India - India
- Cerner Bangladesh - Bangladesh
- Cerner Innovation, Inc. - Delaware
- Cerner International, Inc. - Delaware
- Cerner Investment Corp. - Nevada
- Cerner Latin America - Latin America / Caribbean
- Cerner Limited - United Kingdom
- Cerner Middle East FZ-LLC - Emirate of Dubai, UAE
- Cerner Multum, Inc. - Denver, Colorado
- Cerner Physician Practice, Inc. (formerly Vitalworks) - Delaware
- Cerner Project IMPACT, Inc. - Delaware
- Cerner Properties, Inc. - Delaware
- Cerner Radiology Information Systems, Inc. - Houston, Texas
- Cerner, SAS - France
- Cerner Singapore Limited - Singapore
- Cerner SDN BHD - Malaysia
[edit] Controversy
Phillip Longman, a senior fellow at the New America Foundation, alleged that the installation of a computerized health system by Cerner in the Children's Hospital of Pittsburgh of UPMC in 2002 made it harder for the doctors and nurses to do their jobs in emergency situations and resulted in a "disaster".[11] Longman goes on to say:
According to a study conducted by the hospital and published in the journal Pediatrics, mortality rates for one vulnerable patient population—those brought by emergency transport from other facilities—more than doubled, from 2.8 percent before the installation to almost 6.6 percent afterward.
Defenders of Cerner in the study charged that the Pittsburgh hospital did not adequately prepare for the transition to the CPOE system in that it had at the same time significantly changed its pharmacy process, did not provide adequate wireless band width, and did not have order sets pre-programmed on Day 1 of the implementation. They noted that other hospitals which more carefully planned the implementation did not experience the same problems.[12]
[edit] References
- ^ http://www.hoovers.com/cerner/--ID__12940--/free-co-profile.xhtml
- ^ http://www.bizjournals.com/kansascity/stories/2003/04/21/story2.html
- ^ http://finance.yahoo.com/q/co?s=CERN
- ^ Cerner Reports Second Quarter 2009 Results - July 29, 2009 - cerner.com
- ^ http://www.cerner.com/public/Cerner_2.asp?id=27167
- ^ International Directory of Company Histories, Vol. 16. St. James Press, 1997
- ^ http://money.cnn.com/2006/04/26/smbusiness/49cos_fsbbillion_fsb/index.htm?source=yahoo_quote
- ^ http://www.emporis.com/application/?nav=building&id=286459
- ^ http://kansascity.bizjournals.com/kansascity/stories/2005/09/19/story1.html
- ^ http://www.emporis.com/application/?nav=building&id=199547
- ^ Phillip Longman: Code Red, Washington Monthly, July/August 2009
- ^ http://pediatrics.aappublications.org/cgi/eletters/116/6/1506
[edit] External links
- Cerner
- Fujitsu signs with Cerner for South
- U.S. Government Selects Cerner Corp. Laboratory Technology
- Overhead view of Cerner's Kansas City Campus - From Google Local Search
- Zero to $1 Billion
- Cerner: From Vision to Value
- SEC filings including 10-k
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