Cerner Corp. co-founder and vice chairman Cliff Illig headed up the company’s annual shareholder’s meeting on Wednesday, again filling in for co-founder and chairman Neal Patterson, who was diagnosed with cancer in 2016.
The meeting at company headquarters in North Kansas City devoted considerable attention to Cerner’s annual $700 million research and development budget.
The company’s goal is to digitize health care records across multiple platforms so it becomes easier to predict upcoming problems, make quicker care decisions and simplify bill-pay.
Mike Nill, Cerner’s COO, said the collection of large amounts of data, in tandem with artificial intelligence and analytics, could revolutionize health care delivery while still respecting patient privacy.
Last year, the company repurchased $700 million in stock, funds it has used to hire 6,000 computer engineers focused on the digitization efforts.
Read more: The Kansas City Star