Four things to know about the EHR vendor’s earnings results for the second quarter of 2019:
1. Meditech posted $82.3 million in service revenue, a 2.5 percent increase from $80.5 million during the second quarter of 2018.
2. For product revenue, Meditech reported $37.6 million, down 15.9 percent from $44.5 million during the same period last year.
3. The EHR vendor posted $16.3 million in net income, a 33 percent decrease from $24.1 million in the second quarter of 2018.
4. For the six months ended June 30, 2019, Meditech reported $52.5 million in net income, up 100 percent from $26.9 million during the same period last year.
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