#3 Vendor in 2007: Siemens

June 24, 2011
Since they acquired SMS circa 2000, Siemens stopped reporting separate HIT revenue to Healthcare Informatics Top 10 list, so they have been a major

Since they acquired SMS circa 2000, Siemens stopped reporting separate HIT revenue to Healthcare Informatics Top 10 list, so they have been a major "missing suspect." To right this long-standing wrong, we have estimated their revenue this year at about equal to #2 vendor Cerner, or ≈$1.5B. They could easily be several hundred million dollars more or less, but they're probably in that ball park and deserve recognition for being such a major player. Soarian system's sales have been phenomenal, with over 100 contracts signed, a tough act for a brand new product line still being completed. Their "old" Invision (introduced in the late 80s, early 90s) must represent a ton of ongoing revenue, as the ≈600+ client hospitals run it primarily via Remote Computing Option (RCO), with only a small number of inhouse (ICO) one-time buyers. MedSeries IV still chugs along as well, with a new web-enabled front-end keeping its ≈400 clients happy on their IBM iSeries (nee AS/400) hardware.  SMS was easily the #1 vendor on HI's Top 25 list 20 years ago, with $390M in revenue, over double #2 HBOC's $176M back then; impressive that McKesson could have ever caught up and passed SMS, but it's amazing what a few dozen acquisitions can do for you!

Sponsored Recommendations

How Digital Co-Pilots for patients help navigate care journeys to lower costs, increase profits, and improve patient outcomes

Discover how digital care journey platforms act as 'co-pilots' for patients, improving outcomes and reducing costs, while boosting profitability and patient satisfaction in this...

5 Strategies to Enhance Population Health with the ACG System

Explore five key ACG System features designed to amplify your population health program. Learn how to apply insights for targeted, effective care, improve overall health outcomes...

A 4-step plan for denial prevention

Denial prevention is a top priority in today’s revenue cycle. It’s also one area where most organizations fall behind. The good news? The technology and tactics to prevent denials...

Healthcare Industry Predictions 2024 and Beyond

The next five years are all about mastering generative AI — is the healthcare industry ready?