http://www.columbiatribune.com/news/2009/sep/28/um-announces-medical-technology-deal/
The University of Missouri's Health Care System and Cerner Corp. have entered into an agreement expected to have a $100 million impact.
Administrators Monday afternoon unveiled the so-called Tiger Institute for Health Innovation aimed to improve electronic health records at the university's hospitals and clinics, make information technology more efficient and possibly generate new revenues.
"The Tiger Institute is expected to have an estimated $100 million positive impact to MU through Cerner's investment, savings and future expected revenue through innovations created in this institute over 10 years," UM System President Gary Forsee said.
The partnership means 100 health information technology workers will become Cerner employees next year. Forsee said their compensation and benefit packages will be comparable to what they currently earn at the university.
Cerner was given the contract to team up with the university without having to go through a bidding process. That's because it's a revenue-neutral extension of an existing partnership, Forsee said.
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