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
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
