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Cerner Corporation

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Cerner Corporation - Healthcare showcase

Year Founded & Workforce

1979

29,200 Employees

Industry

Healthcare

Services

Health Care Services
C

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Cerner Corporation Overview

Company Headquarters: North Kansas City, Missouri, US

Founded: 1979

Workforce: ~29,200

Company Working:

Cerner Corporation develops, installs, and markets, various healthcare information technologies, healthcare devices, and hardware & content solutions for healthcare organizations and consumers. It also provides value-added services such as implementation and training, remote hosting, and operational management services. It mainly operates through two segments, namely, domestic and global. It currently represents its products in around 190 countries across the globe. Its development and production facilities are based in Germany, China, South Africa, Sweden, the UK, and the US.

Strategy

Cerner Corporation strategizes to create innovation in healthcare and information technology. Its main strategy is to create a future where the health care system works to improve the well-being of individuals and communities. It also has plans to expand its product portfolio for healthcare quality management using new technologies

Company Snapshot

$4,796M

Revenue

29,200

Employees

1979

Founded

North Kansas City, Missouri, US

Headquarters

SWOT Analysis

Strengths

  • Acquisitions and strategic alliances
  • Strong financial performance

Weaknesses

  • Product recalls
  • Decline in profitability

Opportunities

  • Strong emerging market globally
  • Expanding healthcare services globally

Threats

  • Intense competition
  • Changes in tax laws

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Key Developments

DateApproachDevelopment
February 2015AcquisitionsCerner Corporation acquired the Health Services business from Siemens Organization. This acquisition will help Cerner Corporation to extend its expertise in the area of health care information technology solutions.

Product Offering

  • Cerner Corporation
    • Health Care Services

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 4,796 Mn in 2016 to USD 5,366 Mn in 2018.
Cerner Corporation — By Business Segment
Series (USD Mn)201620172018
Sales4,7965,1425,366
R&D911.2977751.2

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