Cerner reports 2015 revenue of $4.43 billion

Kansas City-based health care information technology company Cerner Corp. reported 2015 revenue of $4.43 billion, net earnings of $539.4 million and a record $5.43 billion of new business booked during an earnings call on Tuesday.

Cerner said 2015 was particularly strong due to 37 percent growth in business contracts worth more than $5 million and a 62 percent growth in contracts worth more than $10 million. It was the best year in the company’s history for new bookings, with both large hospitals and small ambulatory facilities contributing.

Cerner president Zane Burke told stock analysts in a conference call Tuesday after the markets had closed that the company believes it is in a strong position as the national health system moves from a fee-for-service payment model to an outcomes-based pay system.

Looking forward to 2016, the company said it expects full-year revenue of $4.9 billion to $5.1 billion.

Read more: Kansas City Star


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