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Cerner Corporation. Brian Baker Government Strategist May 16, 2014. Cerner at a Glance. Over 14,000 Associates Worldwide. FOUNDED IN KANSAS CITY IN 1979. Largest standalone health care IT company in world. $2.9B 2013 Revenue 13% 10-year CAGR (mostly organic growth).
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Cerner Corporation Brian Baker Government Strategist May 16, 2014
Cerner at a Glance Over 14,000 Associates Worldwide FOUNDED IN KANSAS CITY IN 1979 Largest standalone health care IT company in world • $2.9B 2013 Revenue • 13% 10-year CAGR • (mostly organic growth) 14,000 client facilities in 24 countries 3,000 hospitals; 4,900 physician practices; 60,000 physicians; 590 ambulatory facilities; 3,500 extended care facilities; 150 employer sites; and 1,790 retail pharmacies. 25% 10-year Operating Earnings CAGR • $3.8B Cumulative R&D • 3,000+ Person IP Org • 1,800 Clinicians * Operating earnings reflects adjustments compared to results reported on a U.S. Generally Accepted Accounting Principles (GAAP) basis in our 2013 annual report on Form 10-K. Non-GAAP results should not be substituted as a measure of our performance but instead should be used along with GAAP results as a supplemental measure of financial performance. Please see the Appendix for a reconciliation of these items to GAAP results.
When Things Become Digital, Things Change –The Post-EMR World • Within 5 years, all providers will operate with a digital transaction infrastructure • One supplier will not provide all of the infrastructure • Interoperability of data will not magically create interoperability of care or the management of health • EMRs alone will not solve the problem
Beyond the Enterprise Medical Record • Digitization of health care • Resulting in the proliferation of EMRs • Enabling the interoperability of data • Promoting information-based care management • Encouraging health of communities • Emergence of the accountability framework • Risk management shifts from insurers to providers • Accountable Care Organizations (and their variants) are here to stay • Big data and analytics will be the next foundation system • Shift from safety and quality to outcomes and value
Vision and Strategy for Population Health Management Health Information Exchange “True Interoperability” Strong Enterprise EMR Foundation Big Data Management & Predictive Analytics New Age Care Management Consumer Engagement Driving Accountability for Outcomes and Value Aligning Persons, Payers and Providers
State Sponsored Populations – Solutions and Services • Medicaid • Foster Children – Health Passport • Care Coordination - Automating the Medical Home (Sec. 2703 Health Home) • Engaging the Consumer • Analytics / Predictive Modeling • Correctional Health and Probation and Parole • Electronic Medical Records (EMR) • Interoperability with free world facilities • Re-entry programs and connecting individuals with the appropriate behavioral and physical health services to reduce recidivism • State Employee Populations • Wellness • Workplace Clinics • Workplace Pharmacies • Benefit Administration • State Health-oriented Facilities • Veterans Homes • Hospitals, including Behavior Health Facilities • Interoperability, i.e. Health Information Exchange