Cerner Corp. and Intermountain Healthcare announced the implementation of iCentra, a model electronic health record (EHR), practice management and revenue cycle system, at two Intermountain hospitals and 24 clinics across northern Utah. Intermountain will use a regional deployment strategy to bring all acute care facilities, ambulatory clinics, affiliated practices and business offices live on iCentra in 2015 and 2016.
The iCentra implementation began Feb. 21 at Logan Regional and Bear River Valley hospitals and surrounding Intermountain clinics throughout Box Elder and Cache counties.”The launch of iCentra at multiple locations is a milestone event for Intermountain as we create a model system for health care delivery that focuses on providing the best possible care for our patient population at a sustainable cost,” said Marc Probst, chief information officer and vice president for Intermountain Healthcare.
Analyst Watch
Of the 8 analysts offering recommendations on Cerner Corporation (NASDAQ:CERN), the consensus rating is a Moderate Buy. 6 analysts rate the stock as a Buy, 1 have issued Hold ratings while 1 have issued Sell ratings. The one year price target on a consensus basis is $70.00, or around a 5.06% Downside to a recently traded price. The most bullish analyst has their estimate at $77.00, which the most bearish sees the stock going to $41.00.
Several top rated analysts according to TipRanks.com which cover the stock include Lisa Gill at J.P. Morgan and David Windley at Jefferies. David has a Buy rating on the stock with a price target of $71.00. Lisa has a Buy rating with a price target of $75.00.
Some similar stocks include CPSI, Allscripts and Quality Systems. Analysts have a consensus Moderate Sell rating on CPSI, a Hold rating on Allscript sand a Hold consensus rating on Quality Systems.
Company Profile
Cerner Corporation (NASDAQ:CERN) designs, develops, markets, installs, hosts, and supports healthcare information technology, healthcare devices, hardware, and content solutions for healthcare organizations and consumers in the United States and internationally. The company offers Cerner Millennium architecture, which includes clinical, financial, and management information systems that allow providers to access an individual’s electronic health record at the point of care, and organizes and delivers information for physicians, nurses, laboratory technicians, pharmacists, front and back-office professionals, and consumers. It also provides HealtheIntent platform, a cloud-based platform that enables organizations to aggregate, transform, and reconcile data across the continuum of care, as well as assists to enhance outcome and lower cost.
