Tandon: Cerner generates more revenue than Epic
“Cerner is actually does more revenue than Epic.”
Epic controls over 50% and Oracle Cerner holds 27% of EHR market
“Epic is obviously like the Goliath in the room, over 50% share. Cerner, that's another really big one owned by Oracle, maybe about 27%.”
Fortuna: Real-world clinical data is out of distribution for base AI models
“I actually think clinical real world clinical data is out of distribution. I think as much as the model is generalized, if you have no access to that data, it's really hard to learn. I think that the reasons are maybe twofold. The first is a lot of realistic c…”
Ramsaran: Epic and Cerner maintain data silos to preserve competitive advantage
“And if you are in the Epic platform, you can't talk to the Cerner platform, right? It's how they kind of keep their Competition, but also keep the information within these own silos as well.”
Cerner merged 36 entities together before Oracle acquired it
“By the way, earlier when I said 24 different companies merged together to create Cerner, I forgot that this chart that I'm looking at predates when Cerner then bought Siemens. So then there's another 12 companies that had merged together to become Siemens that…”
The DoD and VA awarded Cerner $14B in EHR modernization contracts
“This deal in 2015 is, up until this moment in time, the biggest healthcare IT contract of all time. It ends up being a 4.3 billion dollar deal, so even bigger than the Kaiser deal. It remains the biggest until two years later, when the VA contract does go out.…”
The DoD's Cerner EHR implementation took nine years to go live
“So the DOD system, the active duty system, only just fully went live late last year in twenty-twenty-four. This contract got bid out in twenty-fifteen. So that is a nine-year implementation process.”
The VA's Cerner EHR rollout will take until at least 2031
“The VA system was bid out in 2017. The latest announcement from the VA about this project is that it will be live at all VA sites by, this is a direct quote, as early as 20 31.”
Oracle acquired healthcare software company Cerner for $28B in 2021
“December, 2021, as we've been alluding to, Cerner gets bought by Oracle for twenty eight billion dollars.”
Cerner is probably one of Oracle's worst acquisitions of all time
“You know, maybe it's too early to tell, but I think this is probably one of Oracle's worst acquisitions of all time.”
Sinofsky: 85% of major hospitals use Epic or Cerner EMRs
“You look at, you go to a big metropolitan hospital, and there's an 85% chance they're using one of the two EMR systems from either Epic or Cerner.”