Leading healthcare information technology ("HCIT") solutions
provider
Cerner Corp.
(
CERN
) reported a strategic agreement with Huntington Memorial Hospital
of Pasadena California under which they will build a composite set
of revenue cycle and clinical solutions that will ensure complete
interoperability across the system. This will be achieved by
linking with the hospital's information exchange, Huntington Health
eConnect. In other words, the hospital will utilize Cerner's
offerings to further the usage of its Electronic Health Record
("EHR").
By collaborating with Cerner, the hospital hopes to preempt
undesirable incidents such as hospital-acquired infections. It will
now have the necessary analytic tools to manage dangerous
situations as well as improve quality of care.
Huntington Memorial Hospital plans to develop a predictive model
to identify possible negative incidents prior to their occurrence.
Consequently, the hospital will set up a system to identify
potential sepsis indicators.
The hospital will utilize several inpatient offerings which will
allow it to safely house patient data within a solitary database.
The benefits include improving diagnosis, minimizing negative
outcomes and reducing average length of stay through better case
management.
We believe long-term investors may consider Cerner, which serves
a sizeable installed hospital base that requires composite
clinically-focused applications complying with "meaningful use"
requirements, reimbursement problems and complex coding challenges.
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
Athenahealth
(
ATHN
),
Allscripts-Misys
(
MDRX
) and
Quality Systems
(
QSII
) and many others in a crowded field.
ATHENAHEALTH IN (ATHN): Free Stock Analysis
Report
CERNER CORP (CERN): Free Stock Analysis Report
ALLSCRIPTS HLTH (MDRX): Free Stock Analysis
Report
QUALITY SYS (QSII): Free Stock Analysis Report
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