In time, the electronic health revolution may completely change the face of modern medicine, saving thousands of lives from preventable medical errors and increasing efficiencies to the point that out-of-control healthcare costs are finally brought back in line. In the last couple of years, however, the biggest beneficiaries have been the companies at heart of that transformation.
None have been as closely followed by Wall Street as Cerner, the Kansas City-based software company founded by Neal Patterson, which makes electronic health records (EHR) software designed to let physicians and hospitals improve their efficiency and performance by sharing patient records and other medical files. Yesterday, the company's stock hit another all time high, briefly going over $80 per share, although it was around $78 this morning. That's good news for investors who picked up the stock not long ago when it was at $42.
- see this story from the Kansas City Star