Cerner To Manage Revenue Cycle At MCHS And Its Affiliates
Zacks Investment Research | Oct 02, 2016 10:34PM ET
Cerner Corp. (NASDAQ:CERN) announced that it would now offer professional revenue cycle management for Miami Children's Health System (“MCHS”) and its affiliates, Pediatric Specialists of America and Nicklaus Children's Hospital.
Per the agreement, the company would provide the service through its Business Office Services (BOS) across MCHS's 200-member physician group practice. Notably, BOS is the company’s in-house billing service that uses Cerner Ambulatory practice management solutions to cater to clients’ front and back office tasks. Cerner's BOS provides holistic and proactive revenue cycle management services at practices of all sizes and specialties.
Going forward, we believe Cerner’s strong product portfolio will help it to win customers in the rest of 2016 and beyond. The company has growth opportunities in revenue cycle management, Population Health and ambulatory market based on its product strength and an enviable track record. Additionally, the growing percentage of higher margin software in the company’s business mix is expected to drive margins.
However, the HCIT market is highly competitive, which exerts considerable pressure on both pricing and margins. Moreover, a growing proportion of low-margin services and technology resale may affect margins. Meanwhile, stringent hospital budgets exert further pressure on pricing.
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