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Oracle Health
Oracle Health, formerly known as Cerner Corporation before it was acquired by Oracle, is an American multinational provider of health information technology (HIT) platforms and services. It is headquartered in North Kansas City, Missouri, United States. The company is a leading electronic health record (EHR) provider, with over 9.5 million customers.
Then Cerner, Oracle Health; was founded in 1979 by Neal Patterson, Paul Gorup, and Cliff Illig, who were colleagues at Arthur Andersen. Its original name was PGI & Associates but was renamed Cerner in 1984 when it rolled out its first system, PathNet. The name "Cerner" comes from the Latin word "cernere," which means "to separate" or "to discern". The name reflects the founders' vision of using software to help healthcare organizations make informed decisions and distinguish critical information.
It went public in 1986. The company's client base grew steadily in the late 1980s, reaching 70 sites in 1987, 120 sites in 1988, 170 sites in 1989, and reaching 250 sites in 1990. Installations were primarily of PathNet systems.
During this time, the company was developing components of a Health Network Architecture (HNA), an integrated IT system designed to automate health care processes. Clients could purchase individual components or the whole system at one time. By 1994, more than 30 clients had purchased the full HNA system, while 100 clients had purchased multiple components of the system.
In 1997, the company introduced Cerner Millennium, an upgrade to its HNA system which incorporated all of the company's software offerings into one unified architecture. The introduction of Millennium contributed to significant growth for the company, with revenue increasing to $1.1 billion in 2005 from $245.1 million in 1997.
IMC Health Care, Inc. was acquired in early 2010 to continue expanding its wellness services to outside commercial employers, pharmacies, and wellness programs.
In July 2010, president Trace Devanny left the company and was succeeded by founder Neal Patterson, who also served concurrently as chairman and chief executive officer. In September 2013, Zane Burke was named president, assuming the title from Patterson.
On August 5, 2014, the company announced its intent to purchase Siemens Health Services, the health information technology business of Germany's Siemens AG, for $1.3 billion. The acquisition was completed on February 2, 2015.
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Oracle Health
Oracle Health, formerly known as Cerner Corporation before it was acquired by Oracle, is an American multinational provider of health information technology (HIT) platforms and services. It is headquartered in North Kansas City, Missouri, United States. The company is a leading electronic health record (EHR) provider, with over 9.5 million customers.
Then Cerner, Oracle Health; was founded in 1979 by Neal Patterson, Paul Gorup, and Cliff Illig, who were colleagues at Arthur Andersen. Its original name was PGI & Associates but was renamed Cerner in 1984 when it rolled out its first system, PathNet. The name "Cerner" comes from the Latin word "cernere," which means "to separate" or "to discern". The name reflects the founders' vision of using software to help healthcare organizations make informed decisions and distinguish critical information.
It went public in 1986. The company's client base grew steadily in the late 1980s, reaching 70 sites in 1987, 120 sites in 1988, 170 sites in 1989, and reaching 250 sites in 1990. Installations were primarily of PathNet systems.
During this time, the company was developing components of a Health Network Architecture (HNA), an integrated IT system designed to automate health care processes. Clients could purchase individual components or the whole system at one time. By 1994, more than 30 clients had purchased the full HNA system, while 100 clients had purchased multiple components of the system.
In 1997, the company introduced Cerner Millennium, an upgrade to its HNA system which incorporated all of the company's software offerings into one unified architecture. The introduction of Millennium contributed to significant growth for the company, with revenue increasing to $1.1 billion in 2005 from $245.1 million in 1997.
IMC Health Care, Inc. was acquired in early 2010 to continue expanding its wellness services to outside commercial employers, pharmacies, and wellness programs.
In July 2010, president Trace Devanny left the company and was succeeded by founder Neal Patterson, who also served concurrently as chairman and chief executive officer. In September 2013, Zane Burke was named president, assuming the title from Patterson.
On August 5, 2014, the company announced its intent to purchase Siemens Health Services, the health information technology business of Germany's Siemens AG, for $1.3 billion. The acquisition was completed on February 2, 2015.