Hospital and health system's continued need for health IT solutions to both meet government regulations and help them adapt to a changing industry landscape has led to growing revenues for many vendors of electronic health records and related products.
The following companies posted increased revenues for the three-month period ended March 31:
athenahealth: Reported first quarter sales revenues of $163 million, up 30 percent from the $125.6 million reported during the first quarter of 2013.
Cerner: Reported Q1 revenues of $784 million, up 15 percent from the $680 million reported during the first quarter of 2013.
CPSI: Reported Q1 revenues of $52.1 million, up 5 percent from the $49.5 million reported during the Q1 2013.
McKesson: Reported Q1 revenues of $38.1 billion, up 25 percent from the $30.5 million reported during the Q1 2013. These revenues were driven by both the health IT and pharmaceutical divisions of McKesson.
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