Four things to know about the Kansas City, Mo.-based EHR vendor’s financial performance for the fourth quarter of 2020 and the full fiscal year, which ended Dec. 31.
1. Cerner reported $141.5 million in net earnings for the fourth quarter of 2020, down 8.3 percent from $154.3 million during the same time period in 2019.
2. Cerner reported $1.39 billion in revenue for the fourth quarter, down 3 percent from $1.44 billion in the fourth quarter of 2019, primarily due to the effects of the pandemic and divestitures. Excluding the divestitures to CompuGroup Medical and R1 RCM, Cerner grew 1 percent in revenue.
3. For the full year, Cerner posted $5.5 billion in revenue, down 3 percent from $5.6 billion in 2019.
4. Cerner reported a $1.3 million net loss in the fourth quarter of 2020, compared to net income of $8.8 million during the same time the previous year. For full year net income, Cerner saw a 42 percent increase from $53.8 million in 2019 to $76.9 million in 2020.
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