Cerner CFO Marc Naughton said that the company expects total bookings revenue from the government contracts to reach $1 billion in 2022, assuming revenue from the contracts continues to increase at this rate.
However, Mr. Naughton noted that bookings revenue won’t increase “in a straight line at that ramp rate,” as government contracts can be affected by implementation timelines.
In its 2018 fiscal year earnings results posted Feb. 5, Cerner reported $5.4 billion in revenue for the year, up 4 percent from $5.1 billion in 2017.
More articles on EHRs:
Meditech adds opioid toolkit to Expanse EHR
CommonWell launches connector program
5 steps to make EHRs more user-friendly
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.