June 10, 2006
Healthcare Informatics - Top 100 Companies Ranked by 2005 Healthcare IT Revenue
Written by: administratorHealthcare Informatics just posted it’s annual report of the top 100 companies by Revenue. I think it’s important to note that revenue doesn’t always mean quality. In fact, I would suggest that for an EMR company it is often a good thing to not be on this list because that means there software development isn’t governed by the bueracracy of a large company. A small emr company means that you can have a dynamic EMR program and have an EMR that continues to evolve as technology changes. You do want the company to be on a solid footing(like most of the companies on this list), but you gain some specific advantages as a small company that most of the companies on this list don’t have.
One other thing I loved about seeing this list is to see the variety of healthcare IT companies there are out there. It makes me realize how small a fish I am in this big pond we call Healthcare IT.
Here’s the list from Healthcare Informatics:
1
Cardinal Health
San Diego, CA
(858) 480-6000
www.cardinalhealth.com* Founded: 1971
* Employees: 55,000
* Revenue: 2,190.00 (’05) 1,560.00 (’04) 1,410.00 (’03)
* HIT Revenue: 3%
* Ticker: CAH
* Market: NYSEManufactures and distributes pharmaceuticals and medical supplies, offers a range of clinical services and develops automation products that improve the management and delivery of supplies and medications
Company Executives: Dave Schlotterbeck, Chairman/CEO, Clinical Technologies and Services; Dwight Winstead, Pres./COO, Clinical Techologies and Services2
Affiliated Computer Services (ACS)
Dallas, TX
(214) 841-6111
www.acs-hcs.com* Founded: 1988
* Employees: 55,000
* Revenue: 1,520.00 (’05) 1,200.00 (’04) 1,010.00 (’03)
* HIT Revenue: 28%
* Ticker: ACS
* Market: NYSEDelivers worldwide diversified end-to-end business process and IT outsourcing solutions to commercial and government clients
Company Executives: Mark King, Pres./CEO; Lynn Blodgett, EVP/COO
3
EDS
Plano, TX
(972) 605-6000
www.eds.com* Founded: 1962
* Employees: 117,600
* Revenue: 1,310.00 (’05) 1,308.00 (’04) 1,720.00 (’03)
* HIT Revenue: 7%
* Ticker: EDS
* Market: NYSEDelivers global business solutions to its clients, and delivers IT and business process outsourcing services to healthcare clients in public and private sectors
Company Executives: Michael Jordan, CEO/Chairman; Jeff Heller, Pres.
4
McKesson Provider Technologies
Alpharetta, GA
(404) 338-6000
infosolutions.mckesson.com* Founded: 1974
* Employees: 7,000
* Revenue: 1,301.80 (’05) 1,202.50 (’04) 1,139.00 (’03)
* HIT Revenue: 100%
* Ticker: McK
* Market: NYSEA worldwide provider of IT solutions that help organizations improve patient safety, reduce the cost and variability of care, improve healthcare efficiency and better manage revenue streams and resources
Company Executives: Pamela Pure, Pres., McKesson Provider Technologies; EVP McKesson Corp.
5
Emdeon Corp.
Elmwood Park, NJ
(201) 703-3400
www.emdeon.com* Founded: 1996
* Employees: 6,100
* Revenue: 1.20 (’05) 1.08 (’04) 0.89 (’03)
* HIT Revenue: 94%
* Ticker: HLTH
* Market: NasdaqProvides business, technology and information solutions that transform both the financial and clinical aspects of healthcare delivery by connecting providers, payers, employers, physicians and consumers
Company Executives: Martin Wygod, Chairman; Kevin Cameron, CEO
6
Cerner Corp.
Kansas City, MO
(816) 221-1024
www.cerner.com* Founded: 1979
* Employees: 7,033
* Revenue: 1,160.80 (’05) 926.40 (’04) 839.60 (’03)
* HIT Revenue: 100%
* Ticker: CERN
* Market: NasdaqSupplies healthcare IT, taking the paper chart out of healthcare and eliminating error, variance and waste in the care process
Company Executives: Neal Patterson, Chair/CEO; Cliff Illig, Vice Chair
7
Computer Sciences Corp.
El Segundo, CA
(610) 251-0660
www.csc.com/* Founded: 1959
* Employees: 80,000
* Revenue: 1,113.85 (’05) 1,063.81 (’04) 843.00 (’03)
* HIT Revenue: 8%
* Ticker: CSC
* Market: NYSEGlobally organized to serve all aspects of the healthcare industry — provider, payer, life sciences and government organizations — through management consulting, systems integration and outsourcing agreements
Company Executives: Van Honeycutt, Chair/CEO; Dan Garrett, VP Global Health Solutions
8
GE Healthcare Integrated IT Solutions
Barrington, IL
(800) 558-5120
www.gehealthcare.com* Founded: 1997
* Employees: 4,800
* Revenue: 994.00 (’05) 941.00 (’04) NA (’03)
* HIT Revenue: 100%
* Ticker: GE
* Market: NYSEHealthcare IT vendor with a comprehensive suite of clinical, imaging and business information systems. GE Healthcare acquired IDX Systems Corporation in January of 2006 and has combined product offerings
Company Executives: Vishal Wanchoo, Pres./CEO
9
Perot Systems Corp.
Plano, TX
(972) 577-0000
www.perotsystems.com* Founded: 1988
* Employees: 18,000
* Revenue: 920.00 (’05) 846.00 (’04) 690.00 (’03)
* HIT Revenue: 46%
* Ticker: PER
* Market: NYSEOffers services in business analysis and strategy, systems design and integration, and operations alignment
Company Executives: Peter Altabef, Pres./CEO; Russell Freeman, VP, CFO
10
Ingenix
Eden Prairie, MN
(952) 833-6582
www.ingenix.com* Founded: 1998
* Founded: 1998
* Employees: 3,700
* Revenue: 795.00 (’05) 670.00 (’04) 574.00 (’03)
* HIT Revenue: 100%
* Ticker: PrivateProvides technology, products and services to improve delivery and operations for its customers. Ingenix is a wholly owned subsidiary of UnitedHealth Group
Company Executives: Richard Anderson, CEO; Andrew Slavitt, COO

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