Cerner Corporation recently announced a strategic partnership with Glens Falls Hospital – a NY-based integrated health care organization. Under the terms of the newly inked deal, Cerner’s Millennium electronic health record (EHR) will be integrated into Glens Falls’ ambulatory services to improve clinical processes and health care delivery.
The EHR deployment at Glens Falls will drive efficiency in the low-cost environment. It is to be noted that the companies have been working together since 1996, in order to employ clinical information systems, advance patient outcomes and improve health care delivery.
This February, Cerner took over operational and administrative responsibilities for Glens Falls’ information technology (IT) environment through Cerner ITWorks services, inclusive of remote hosting, security monitoring and system performance abilities.
Meanwhile, the company has been continuously winning contracts that are expected to drive its top line. A string of new deals and the renewal of existing ones will also aid better market traction.
Recently, Cerner was selected by Western Connecticut Health Network for providing an EHR system that includes a full range of clinical and financial solutions, and population health management.
Cerner’s Millennium EHR solutions will substitute Western Connecticut Health Network’s prevailing software systems. Western Connecticut Health will also upgrade Soarian Enterprise Revenue Cycle solutions. Additionally, Cerner’s HealtheIntent, a population health management platform, will be used to spot health risks in individuals.
Last month, Cerner entered into a partnership with CoverMyMeds to integrate CoverMyMeds’ electronic prior authorization (ePA) platform within Cerner’s Millennium EHR. Cerner was also selected by health care organization – Baptist Health South Florida – for the implementation of Cerner Millennium and HealtheIntent across all of the former’s hospitals, physician offices and outpatient locations.
Zacks Rank & Stocks to Consider
Currently, Cerner carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the medical sector include Masimo (MASI – Analyst Report), NuVasive (NUVA – Analyst Report) and Thoratec (THOR – Analyst Report). All three stocks sport a Zacks Rank #1 (Strong Buy).
– See more at: http://www.zacks.com/stock/news/188935/cerners-ehr-solutions-selected-by-glens-falls-hospital#sthash.BCmEvgI9.dpuf
