Cerner (CERN) is the nation’s second-largest company that specializes in working with hospitals and doctors’ offices to convert paper files into computerized medical records. The company recently topped The Kansas City Star’s ranking of the region’s top-performing public companies.
The company is riding the tide of demand coming from new national health care law mandates encouraging the switch to digital health records and “interoperability” of systems between health providers and insurers, according to the paper.
Covestor investment adviser Barry Randall, who was interviewed by the Kansas City paper, said Cerner’s strength is its ability to keep pace with a rapidly expanding industry. “They’re not the lumbering giants; they’re the fast moving giants,” said Randall, a Covestor investment model manager in St. Paul, Minn.
Randall manages the Covestor Crabtree Technology model and was recently honored by Morningstar for his investing performance. The Crabtree Technology model has stakes in both Cerner and NIC (EGOV), another company spotlighted on the Kansas City Star’s ranking.
The investments discussed are held in client accounts as of April 30 , 2013. These investments may or may not be currently held in client accounts. The reader should not assume that any investments identified were or will be profitable or that any investment recommendations or investment decisions we make in the future will be profitable.
