“For the last 18 months, Cerner has focused on developing a category-defining data business and as the company continues to attack that sector, the EHR vendor executives said they are striving towards building a $1 billion data business.”
“Cerner executives joined the 39th Annual J.P. Morgan Healthcare Conference to look back at its 2020 accomplishments during COVID-19 and what the vendor is working on for 2021.”
“With Cerner EHRs implemented in one-third of US hospitals, the vendor believes it can bring compelling points of differentiation when it comes to a data-based strategy.”
“’We think that the profile of our client base is particularly differentiated, including the fact that we have a high density of community hospitals and health systems that don’t traditionally have an opportunity to participate in clinical trial activity,’ said Donald Trigg, president of Cerner.”
“’Then we have multi-decades of experience really dealing with the complexities of health care data from a master data management perspective as well as the tech enablement strategies required to leverage those insights within the provider health system.’”
“Trigg and Marc Naughton, executive vice president and CFO of the company, pointed at its December 2020 acquisition of Kantar Health, for $375 million, in an attempt to advance clinical trials…”
Looking forward, Cerner wants to tackle the data discovery process and see why it currently takes too long and costs too much. Furthermore, it wants to dive into combining native build, partner, invest, and acquisition strategies to feature around that approach.”
“’We think all of that sets us up very well before COVID, during COVID, and as we look out after COVID to really play a defining role in transforming the speed and cost of clinical trials and building a $1 billion data business,’ Trigg concluded.” Read the full article here.
Source: EHR Vendor Cerner Eyes Developing a $1 Billion Data Business – By Christopher Jason, January 15, 2021. EHR Intelligence.
Cerner was recently named to the updated list of NXT UP firms poised to make big waves in the Federal sector in 2020 and for years to come.