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Technology Stocks : Cerner-Is this stock ready to break out soon! -- Ignore unavailable to you. Want to Upgrade?

To: Gary T. Richards who wrote (73)	5/5/1998 5:52:00 PM
From: DIY Investor	Read Replies (1) \| Respond to of 83

CERN has big share of DIN-PACS contract In doing some research on another company involved in the DIN-PACS contract, I stumbled across Cerner and reviewed the comments on this thread and did some dd on the financials. Thereafter, I thought it may be a good buy for the long term, hopefully, not as long as Gary's holding period of 9 years. Here is some information I found on Cerner's web site, linking them to the DIN-PACS project (estimated to be a $5 billion + project) Cerner Corporation has been selected as one of two official radiology information system suppliers for the U.S. Department of Defense's Digital Imaging Network-Picture Archiving Communication System (DIN-PACS) program. The selection is based on Cerner's demonstrated ability to integrate its RadNet Radiology Information System with product offerings from AGFA, which was one of only two prime contractors awarded a DIN-PACS contract. When installed, the combined solution of Cerner's RadNet and AGFA's PACS will be an integrated approach to managing patient information, departmental processes, and electronic diagnostic images. What is the significance of Cerner's relationship with Agfa for the DIN-PACS program? Cerner believes its involvement in the DIN-PACS program will start slowly, and then ramp up substantially over the five-year period. The D.O.D. has set an aggressive goal of acquiring a DIN-PACS at each of 500 sites over the next five years, and now must secure funding for those projects. As funding is secured, each site will choose one of the two prime contractors, and Cerner's involvement should ramp up quickly. How many Department of Defense sites will be involved? The Military Health Services System has over 100 hospitals and more than 400 clinics that will be potential sites for DIN-PACS projects. Nearly all of those sites currently have a radiology information system in place that will be replaced as part of the DIN-PACS initiative. What other subcontractors has Agfa selected for DIN-PACS projects? How does Cerner fit in? Cerner and Agfa are the two primary suppliers of the information technology that will automate the D.O.D's diagnostic imaging processes. Cabletron Systems Inc. will be providing some communications network components. Mitra Imaging Inc. provides an interface device with software that converts messages between the two communications standards (HL7 and DICOM) used in the DIN-PACS system. Agfa was one of two primary contractors for DIN-PACS. Who was the other primary contractor? IBM is the other primary contractor for the DIN-PACS program. What PACS suppliers does Cerner work with? Cerner has successfully integrated RadNet with many of the world's leading PACS suppliers, including Agfa, Siemens, Cemax-Icon, and IMNET. How long has Cerner been working with PACS integration? Cerner has been working with PACS integration to RadNet for about two years. At this time, Cerner has six clients with interface capabilities between Cerner's RadNet Radiology Information System and a third-party PACS supplier. Of these six clients, three are live and three are currently in implementation. Of these six clients, three are in Cerner's Health Network Architecture (HNA) Millennium client/server environment, and three are in Cerner's HNA Classic mainframe-based environment. What is RadNet? RadNet, Cerner's electronic radiology practice solution, is the most complete radiology management system for total radiology process automation. RadNet automates departmental operations such as patient registration, order entry, exam tracking, film tracking, transcription, electronic signatures, and report distribution.