Cerner's stock hits record high, seen as positive news for industry

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Cerner Corp. had a big week when on Tuesday the company's stock hit a 52-week high ($82.74), which signals a very good trend for vendors looking for a piece of the action as healthcare organizations seek to use electronic medical records, the Kansas City Business Journal reports.
   
In August, Cerner announced a 10-year, $51 million deal with the U.S. Department of Defense for use of the company's Cerner Millennium PathNet laboratory information system. The system is planned for use within the military heath system that includes 100+ hospitals and clinics across the globe.

Cerner also has bid on a contract to provide a medical records system at the University of Kansas Medical Center. That project is estimated to total close to $40 million.
   
As of mid-summer, Cerner posted a record $284.4 million in bookings revenue for the Q2 -- an increase of 18 percent from the same period in 2004.