Coleman Research Group’s Healthcare department highlights Cerner news cheers investors and Drummond Group in EHR testing
Coleman Research Group’s Healthcare Team facilitates consultations between our clients (institutional investors) and leading healthcare professionals on a wide variety of topics including pharmaceuticals, biotechnology, clinical research, medical devices, healthcare providers, insurance, and regulatory issues.
Our Healthcare network spans technology industries across the globe and includes doctors, researchers, scientists, healthcare executives, consultants, and former regulatory officials.
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Cerner Headquarters, Kansas CityKANSAS CITY – Analysts are bullish after the investors meeting held Thursday by Cerner, the Kansas City maker of EMR and CPOE systems.
“Overall we walked away with a greater level of conviction that Cerner ‘gets it,’ and will continue to gain marketshare in a rapidly evolving industry,” wrote Piper Jaffray research analysts Sean W. Wieland and Mohan A. Naidu, who reiterated their “overweight rating” and $98 price target for the health IT giant.
The pair were encouraged by the growth that could be afforded by ARRA funding – monies disbursed both to Cerner itself and its provider clients – noting that the company “still expects to see a lot of opportunities from the stimulus. Specifically, their base of customers should receive about $8 billion in stimulus funds, and the company expects to see about $2 billion of this.”
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Drummond Group in EHR testing for the “long term”
AUSTIN, TX – Officials at Drummond Group, Inc., announced on the company’s blog that after a “thorough review” of the recent notice of proposed rule making, it will apply this year to become an Office of the National Coordinator-Authorized Testing and Certification Body (ONC-ATCB).
In Nov. the Austin, Texas-based interoperability test lab said that it hoped to extend its testing program to electronic health records and planned to apply once the ONC released its requirements for certifying bodies for EHRs.
On the DGI blog company officials said, “Receiving the HHS requirements to become an authorized EHR testing and certification body was the missing piece in our decision to move forward. Now that we have that piece, we feel confident in announcing our intention to formally apply.”
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