Cerner Corporation’s (CERN - Free Report) coveted electronic health record (EHR) system — Cerner Millennium — has been recently administered by Texas-based Rankin County Hospital District (“RCHD”). The platform will ensure improved patient experience.
Notably, RCHD is a health and wellness body, which serves the West Texas community. The Cerner Millennium EHR offers sophisticated health care technology to help doctors and nurses streamline their operations for better results.
RCHD will deploy the new EHR through the Cerner CommunityWorks model. Notably, the model uses cloud technology to deliver the power of Cerner Millennium. It is customized to support the unique needs of community, critical access and specialty hospitals. RCHD staffs can now access a digital record of their patients’ health history, including real-time clinical and financial data.
Cerner’s EHR is providing comprehensive care to RCHD’s 15-bed critical access hospital. Resultantly, this has impacted RCHD’s daily revenue cycle meetings, allowing management to handle operations.
Additionally, the platform will ensure improved patient engagement through its new online portal for communication between patients and the hospital.
Latest Developments in Cerner’s EHR Front
Cerner’s EHR, comprising electronic patient record (EPR) or electronic medical record (EMR), is the basis of all core clinical solutions. Lately, the EHR platform has witnessed a glut of developments.
Cerner Millennium and Cerner HealtheIntent were recently implemented at California-based Kern Medical, a 222-bed acute care teaching center.
Cerner HealtheIntent was recently picked by Illinois Rural Community Care Organization, across its units to coordinate care for Medicare patients throughout the state.
In February, Cerner Millennium was selected by University of Missouri Health Care, Columbia, to help manage revenue cycle performance across its five hospitals and more than 50 primary and specialty care clinics.
We believe, these developments are going to provide a cushion to Cerner’s stock that has declined 5.1% in a year’s time, against the industry’s gain of 3.7%.
Zacks Rank & Key Picks
Cerner carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the broader medical space are, BIOHAVEN PHARM (BHVN - Free Report) , Bio-Rad Laboratories, Inc. (BIO - Free Report) and Envision Healthcare Corporation . While BIOHAVEN and Bio-Rad sport a Zacks Rank #1 (Strong Buy), Envision carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
BIOHAVEN has an expected growth rate of 50% for the current quarter and a growth rate of 42.1% for the next quarter.
Bio-Rad has an expected long-term growth rate of 20% and that for the current year is 42.9%.
Centene has an expected long-term growth rate of 13% and that for the next quarter is 10.6%.
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