How Cerner Is Capitalizing on Growth in Healthcare IT

The U.S. healthcare system is notoriously inefficient. Administrative expenses account for as much as 25% of total U.S. hospital spending, which is more than anywhere else in the world. Technology can help make healthcare more efficient by streamlining records and helping administrators better manage their systems.

Enter Cerner (NASDAQ: CERN), one of the leading healthcare IT companies. Hospitals aren't exactly early adopters when it comes to technology, but Cerner already has a large install base and is helping its clients further adopt software that can help hospitals upgrade their capabilities. Because Cerner is tackling such a large and important problem, it has strong growth prospects for the coming years.

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Source Fool.com