Attributing the growth to meaningful use requirements, Cerner Corporation (Kansas City) announced its 2012 first quarter financials, with its revenue, bookings, and net earnings increasing steadily year-over-year. First quarter revenue was $641.2 million, an increase of 30 percent compared to $491.7 million in the year-ago period. Bookings, or funds from future customers, were $652.3 million, which Cerner says was an all-time high for a first quarter and an increase of 24 percent compared to first quarter 2011 bookings of $524.9 million.
First quarter 2012 net earnings were $88.7 million and diluted earnings per share were $0.51. First quarter 2011 GAAP net earnings were $64.6 million and diluted earnings per share were $0.37. The company’s stock rose 1.46 percent, or $1.06 per share, in after-hours trading, upon news of the earnings. Cerner
“Meaningful Use requirements included in the HITECH (The Health Information Technology for Economic and Clinical Health) Act continue to drive a wave of adoption in our client base and significant opportunities to establish new footprints,” Neal Patterson, Cerner chairman, CEO, president and co-founder, said in a statement.
Patterson also said Cerner is “investing heavily in solutions and services that position Cerner for growth beyond Meaningful Use.” He pointed to Cerner’s opportunities in data analytics and population health management as examples of this.
Officials from Carequality have stated that there are now more than 150,000 clinicians across 11,000 clinics and 500 hospitals live on its network. These participants are also able to share health data records with one another, regardless of technology vendor.
While stolen financial data still has a higher market value than stolen medical records, as financial data can be monetized faster, there are indications that there is ongoing development of a market for stolen medical data, according to an Intel Security McAfee Labs report.
A phishing scam at Baystate Health in Springfield, Mass. has potentially exposed the personal data of 13,000 patients, according to a privacy statement from the patient care organization and a report from MassLive.
In an update, DirectTrust reported significant growth in Direct exchange of health information and the number of trusted Direct addressed enabled to share personal health information (PHI) in the third quarter of 2016.
Eleven private insurers, including Aetna, Humana and Anthem, are urging the Congressional Budget Office (CBO) to consider the experience of commercial insurers when evaluating the impact of telemedicine coverage in Medicare.