Dive Brief:
- Cerner Corp. revealed 2014 sales figures at its annual meeting last week, boasting double-digit growth to $4.25 billion in new contract sales.
- The company reported new business with state, speciality, regional and community hospitals and record sales in physician markets.
- The company recently acquired Siemens Health Services for $1.37 billion and is expecting to gain $1 billion in revenue this year from the acquisition.
Dive Insight:
Cerner's CEO, Neal Patterson, commented at the meeting that the company has to stay innovative and "create more value than just electronic medical records." This approach is made clear by the company's recent collaborations with big companies like Apple, Geisinger Health System, Qualcomm and xG Health Solutions. Joanne Burns, senior vice president and chief strategy officer, recently told Healthcare Dive that "We have started thinking about ourselves as not just a healthcare IT company, but as a health and care company with a real focus on wellness."
Want to read more? You may enjoy this story that goes inside Cerner's aggressive partnership strategy.