Here’s how the EHR vendors fared, with companies listed in alphabetical order:
Allscripts posted $1.75 billion in revenue for the 2018 fiscal year, up 17 percent from $1.5 billion in 2017. The company also reported $266.4 million in non-GAAP — or generally accepted accounting principles — operating income, up less than 1 percent from $266.2 million in 2017.
Cerner reported $5.4 billion in revenue for the year, up 4 percent from $5.1 billion in 2017, and $774.8 million in operating earnings, down 19 percent from $960.5 million in 2017.
Meditech posted $488.2 million in revenue during 2018, up 2 percent from $480.9 million in 2017, and $64.8 million in operating income, up 1 percent from $64 million during 2017.
Many other popular EHR vendors, including eClinicalWorks and Epic, are privately held. Athenahealth went private as a result of its acquisition by private equity firm Veritas Capital and Elliott Management-affiliate Evergreen Coast Capital earlier this month.
More articles on EHRs and interoperability:
HL7 launches FHIR accelerator program
Cerner to debut ‘longitudinal patient records’ by next year
HIMSS Analytics Stage 7 hospitals more likely to report physician satisfaction with EMRs, survey finds
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.
