NEW YORK, Jan. 30, 2012 /PRNewswire/ -- Cerner Corporation (NASDAQ: CERN: $60) has been picked by S&P Capital IQ as its Focus Stock of the Week. CERN carries S&P Capital IQ's highest investment recommendation of 5-STARS, or Strong Buy. CERN is the largest pure-play provider of health care information technology (HIT) solutions and related services. The company's suite of services help health care organizations ranging in size from single-doctor practices to multi-hospital health care systems manage their clinical, financial, and management information systems.
"The widespread adoption of HIT has been hampered in the past due to various reasons, including the high initial capital outlay required, questions concerning its perceived usefulness, and providers not willing to disrupt current operating procedures," said Jeffrey Loo, equity analyst at S&P Capital IQ. "However, new government regulatory requirements, which also include financial incentives, have hastened significant demand for HIT adoption."
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