Cerner Corporation (CERN - Free Report) announced that Remi Vista selected Cerner Integrated — a behavioral-specific electronic health record technology — to improve the mental well-being of the people acrossits facilities in Northern California.
Per management, Remi Vista will leverage on Cerner’s exclusive solutions of health IT applications and services, optimized for behavioral health. These solutions are formulated for optimal health and wellness through data-driven, preventative, and supportive solutions and services.
Apart from Cerner Integrated, Cerner’s revenue cycle solutions will help reinforce Remi Vista’s financial operations.
What is Cerner Integrated?
Cerner Integrated is an electronic health record platform that brings together health data from a person’s mental and physical well-being for curing mental crisis.
Cerner Integrated’s web-based portal enables individuals and families to engage in the care process by viewing vital health data, sharing self-reported information, scheduling appointments and communicating with their care team.
Behavioral Health Market Prospects
Behavioral health is the scientific study of emotions, behaviors and biology related to a person's mental well-being.
Per Future Market Insights, the global behavioral health market is projected to reach $156.3 billion worth by 2028, growing at a CAGR of 3.4% from 2018.
However, America is one of the most affected countries, in terms of mental illness and behavioral health issues.
Cerner lost 22.9% in a year, wider than the industry’s decline of 12.7%.
Cerner continues to gain from its Population Health, Revenue Cycle and ITWorks platforms.
Cerner's EHR platform and revenue cycle management solutions have recently been implemented by a number of health facilities like the Illinois Rural Community Care Organization (“IRCCO”), Capital Region Medical Center (“CRMC”), Rankin County Hospital District and others. Additionally, the Department of Veterans Affairs (“VA”) announced that it signed an agreement with Cerner Government Services, Inc., a wholly owned subsidiary of Cerner Corporation. Management confirmed that Cerner saw continued activities in the area in the third quarter of 2018.
California-based Kern Medical too has selected Cerner to implement Cerner integrated EHR and Cerner HealtheIntent to support improved health outcomes. In fact, in the third quarter of 2018, management confirmed that 30% of Cerner’s bookings came from its core Millennium installed base.
Stock to Consider
The stock currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the broader medical space are Veeva Systems Inc (VEEV - Free Report) , Becton, Dickinson and Company (BDX - Free Report) , and OPKO Health, Inc (OPK - Free Report) .
Veeva Systems’ long-term earnings growth rate is projected at 19.5%. The stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Becton, Dickinson’s long-term earnings growth rate is projected at 11.5%. The stock presently carries a Zacks Rank #2 (Buy).
OPKO Health’s long-term earnings growth rate is projected at 12%. The stock currently sports a Zacks Rank of 1.
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