EHR vendors Q2 financial report: How athenahealth, Cerner, McKesson & MEDITECH fared

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Near the end of July, companies reported their financial results for the previous fiscal quarter.

Here is how four of the key EHR vendors' balance sheets played out. They are presented alphabetically.

athenahealth
For the three months ended June 30, athenahealth's revenue increased 21 percent. Additionally, the cloud-based EHR vendor posted a profit turnaround, from a loss during the same time period last year to significant gains this year.

For Q2 2015, athenahealth's total revenue was $224.7 million, compared to $185.9 million during the same period last year. Additionally, total revenue for the six month period was $431.1 million, 24 percent higher than last year's $349.0 million.

Of note is athenahealth's profit turnaround in the second quarter. The vendor posted a $9.3 million net profit this year, while last year the vendor suffered a $2.2 million loss. For the six month period, athenahealth's net profit totaled $517,000, up from a $10.2 million loss the prior year.

Cerner
In the second quarter 2015, Cerner posted gains in revenue but fewer profits from the second quarter 2014.

For the three months ended July 4, Cerner's revenue totaled $1.13 billion, a 32 percent increase from last year's $851.76 million. While a positive gain, the company's revenue was lower than expected; Cerner had projected second quarter revenues to land between $1.175 billion and $1.225 billion.

The quarter's net earnings totaled $115 million, which is 11 percent lower than last year's $129 million for the second quarter.

However, Cerner's bookings reached an all-time high at $1.29 billion. During the same time last year, Cerner's bookings were $1.08 billion.

McKesson
For its first quarter of 2016, McKesson experienced a 43 percent rise in profit and a 9 percent rise in revenue.

McKesson's Q1 2016 ended June 30, and profits totaled $576 million. During the same time period last year, McKesson's profits were $403 million.

The company posted $47.5 billion in revenue for the quarter, a 9 percent increase from last year's $43.5 billion.

MEDITECH
Both revenue and profit fell for MEDITECH in the second quarter ended June 30.

MEDITECH's revenue of $117.1 million was 16 percent lower than the previous year's second quarter revenue of $139.1 million.

Profits fell 27 percent during the second quarter, from $23.56 million during Q2 2014 to $17.25 million during Q2 2015.

Earnings per share also fell from $0.63 from last year's second quarter to $0.46.

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