Cerner investor reduces stake in the company: 5 things to know 

Starboard Value, the Cerner investor that voted to overhaul part of the EHR vendor’s  board in April, decreased its stake in Cerner by 3.1 percent, Kansas City Business Journal reports. 

Five things to know: 

1. Starboard owns 3 million Cerner shares, which translates to a 0.92 percent stake in the company, according to an Aug. 14 Securities and Exchange Commission filing

2. In April, Starboard owned 3.1 million shares, with 1.2 percent stake in the EHR vendor. 

3. Cerner overhauled part of its board of directors in April as part of its agreement with Starboard. 

4. Cerner's organizational restructuring efforts, led by Starboard, improved the company's cash flow during the second quarter of 2019, Cerner CFO Marc Naughton said during a July 24 earnings call, according to the report. 

5. For the second quarter, Cerner posted $206.8 million in operating cash flow, compared to $299.7 million during the same time last year. 

More articles on EHRs: 
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Northwest Health launches Apple's iPhone health records app

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