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CERNER CORP. REPORTS FIRST QUARTER RESULTS

 KANSAS CITY, Mo., April 20 /PRNewswire/ -- Cerner Corp. (NASDAQ: CERN) today reported results for the first quarter ended March 31, 1993. Revenues increased 20 percent to $24.1 million from $20.2 million. Net earnings increased 76 percent to $2.6 million from $1.5 million in the year ago quarter. Earnings per share increased 80 percent to $.18 per share from $.10 per share. The earnings per share numbers reflect the two-for-one stock split paid on Feb. 26, 1993.
 Clifford W. Illig, president and chief operating officer, said, "With our first quarter performance, we have made a strong start toward what we anticipate will be another successful year for Cerner Corp. New contract activity and customer interest remains strong. Cerner's patient-focused clinical systems continue to reach into new markets by attracting an expanding group of potential buyers, who are focused on using clinical information systems to achieve greater cost efficiencies and quality improvements in the delivery of care. These include buyers for stand-alone departmental systems, multi-department clinical systems, enterprise-wide clinical systems, international buyers, managed care buyers and physician group practice clinics. The increased diversification of our clients across the in-patient, ambulatory and community seetings demonstrates Cerner's ability to meet the increasingly demanding and complex needs of the healthcare marketplace."
 Illig continued, "In the quarter, stand-alone sales of Cerner's clinical information software applications to new clients progressed well, and contributions from our existing client base continued to be significant. It is important to note that Cerner's ability to deliver a broad line of clinical information products is generating increased demand for all or our different clinical applications."
 Illig added, "Cerner also completed two agreements for the implementation of Cerner's patient-focused Healthcare Network Architecture (HNA), one at Eastern Maine Medical Center and another at Mayo Clinic Jacksonville. Both of these clients, who currently are using Cerner's PathNet laboratory information system, visited Cerner's HNA Vision Center in Kansas City and participated in a complete patient- focused simulation of Cerner's enterprise-wide clinical information systems."
 Illig emphasized, "These agreements show that there are buyers who appreciate the role of clinical information management in reengineering the care delivery process and who are willing to make substantial investments to accomplish that objective. Both of these agreements also represent outstanding endorsements by physicians, care providers and executive management of Cerner's strategy for building a single application architecture around the patient. Eastern Maine is committed to managing the complex process of health care throughout the enterprise, as well as across the institution's entire health system. In the longer term, Eastern Maine intends to begin planning a community- based information system that can manage all vital patient information for the constituents of its entire region. The signing of the agreement with Mayo Clinic Jacksonville takes Cerner into an emerging market, group practice clinics, that operate in an ambulatory setting. Working with the physicians at the clinic, we expect to streamline and automate the fundamental processes used both to operate the clinic day-to-day and to provide for patient's long-term care."
 Neal Patterson, chairman and chief executive officer, added, "All of this activity is occurring against the background of the on-going debate over U.S. healthcare reform. The main focus of that debate concerns providing access to care for the estimated 37 million Americans who are not covered adequately by a healthcare plan and the escalating cost of care for all Americans. The solutions to these problems will require major structural changes to healthcare delivery and financing in the United States. The political process of developing such reform policy makes it difficult to predict the exact nature and timing of any changes to our healthcare system, which could have a short-term effect on capital expenditures in our market, although we to date have not seen any evidence of this trend in client interest or contract activity."
 Patterson concluded, "We believed if `managed competition' is the template for the reform, it will create a strong demand for information systems that can achieve real efficiencies in care delivery. Under managed competition, there is clearly a new and substantial need for objective measurements of care delivery that will become the `score cards' for the suppliers/providers of care. As the Clinton Administration and Congress discuss and, ultimately, implement healthcare reform, HNA position Cerner extremely well to address these new strategically important information requirements."
 Cerner is the leading developer of patient-focused clinical information systems for the health care industry. All Cerner system designs are based on Healthcare Network Architecture (HNA). Through HNA, Cerner is able to deliver application software products that serve the unique needs of each clinical discipline, while allowing unprecedented management and cross-disciplinary medical applications. Cerner offers products to an international marketplace including hospitals, HMO's, clinics and reference laboratories.
 CERNER CORP. AND SUBSIDIARIES
 Condensed Summary of Operations
 (Unaudited, in thousands, except per share amounts)
 Three Months Ended March 31 1993 1992
 Revenues $ 24,137 $ 20,173
 Operating earnings 4,370 2,429
 Earnings before income taxes 4,320 2,348
 Income taxes 1,760 892
 Net earnings 2,560 1,456
 Primary earnings per share $.18 $.10
 Weighed average
 Shares outstanding 14,504 14,041
 Earnings per share number reflect the two-for-one stock split announced on Feb. 4, 1993 and paid to shareholders of record Feb. 16, 1993. The distribution date for the new shares was Feb. 26, 1993.
 -0- 4/20/93
 /CONTACT: Clifford W. Illig, president and chief operating officer of Cerner Corp., 816-221-1024/
 (CERN)


CO: Cerner Corp. ST: Missouri IN: CPR SU: ERN

WB -- NY101 -- 8291 04/20/93 16:38 EDT
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Date:Apr 20, 1993
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