Leading healthcare information technology ("HCIT") solutions
) recently reported that it inked an agreement with The Centre for
Addiction and Mental Health ("CAMH") of Canada to automate clinical
data processes. CAMH will utilize Cerner's Millennium architecture,
a composite computing setup in health IT services.
CAMH is a renowned research center for addiction and mental
health. It is Canada's biggest mental health and teaching hospital.
CAMH is affiliated with the University of Toronto.
Cerner's offerings will automate clinical flows at CAMH. Its
solutions will provide quick access to clinical data via an
electronic health record ("EHR"). In addition, Cerner's products
will provide benefits such as cutting down on potential for errors
and providing an EHR for all patients.
Cerner remains the trend setter among pure-play, publicly traded
healthcare IT (HCIT) vendors. We believe Cerner is one of the
better-placed clinical technology vendors to benefit from high HCIT
spending over the next few years. The company is diversified not
only on a global basis but serves both hospitals and ambulatory
outfits. Its integrated solutions have captured market share.
We believe long-term investors may consider Cerner, which serves
a sizeable installed inpatient base that requires composite
clinically-focused applications in compliance with "meaningful use"
parameters, reimbursement challenges and complicated coding
problems. The company has long-standing, integrated and seamless
solutions for both inpatient and ambulatory settings.
On the negative side, the federal Stimulus program will
gradually wind down. Cerner faces stiff competition from
established HCIT players, such as
) and many others in a crowded field. The company is developing
multiple growth drivers which will ensure its future growth.
ATHENAHEALTH IN (ATHN): Free Stock Analysis
CERNER CORP (CERN): Free Stock Analysis Report
ALLSCRIPTS HLTH (MDRX): Free Stock Analysis
QUALITY SYS (QSII): Free Stock Analysis Report
To read this article on Zacks.com click here.