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MarketScreener Homepage  >  Equities  >  Nyse  >  Tyler Technologies, Inc.    TYL

TYLER TECHNOLOGIES, INC.

(TYL)
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Tyler Technologies : and Cerner Support Improved Medicaid Reporting for State Health Departments

09/01/2020 | 09:18am EST

Tyler’s Entellitrak platform is able to replace and automate a largely manual process

Tyler Technologies, Inc. (NYSE: TYL) today announced that it has signed an agreement with Cerner Corporation (NASDAQ: CERN), a global health care technology company, to help state health departments more efficiently complete federally mandated Medicaid reporting with Tyler’s Entellitrak® platform.

Tyler and Cerner have the opportunity to provide a solution that helps state health departments and agencies streamline manual reporting and secure critical federal funding through their states’ Medicaid systems. Cerner’s HealtheIntent® population health platform already helps manage Medicaid programs and, with the addition of Tyler’s comprehensive reporting platform Entellitrak, current and future clients may be supported to solve data management and reporting challenges for these statewide programs.

“Working with Tyler, Cerner can better support our state health department and agency clients, bringing a number of efficiencies to their Medicaid reporting processes,” said Johnny Kaye, vice president of State Government, Cerner. “By automating a largely manual and time-intensive process, together we have the opportunity to help clients be more efficient and report accurate information to improve patient outcomes.”

Tyler’s Entellitrak platform is able to consolidate patient data from Cerner and process the information for Medicaid reporting. The Federal Report Data Staging System within Entellitrak can replace the hundreds of manual worksheets state health departments use today and combine that information to support several Centers for Medicare & Medicaid Services (CMS) reports. It can also support improved accuracy by removing the potential for user error, as well as reduce the time it takes for staff to prepare the reports.

“We’re pleased to work with Cerner on this initiative to help agencies be more efficient and effective,” said Kris Collo, president of Tyler’s Federal Division. “The Federal Report Data Staging System not only improves accuracy and integrity of reporting but also saves time and resources for everyone involved.”

About Tyler Technologies, Inc.
Tyler Technologies (NYSE: TYL) provides integrated software and technology services to the public sector. Tyler's end-to-end solutions empower local, state, and federal government entities to operate more efficiently and connect more transparently with their constituents and with each other. By connecting data and processes across disparate systems, Tyler's solutions are transforming how clients gain actionable insights that solve problems in their communities. Tyler has more than 26,000 successful installations across more than 10,000 sites, with clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. Tyler was named to Forbes' "Best Midsize Employers" list in 2019 and has been recognized three times on Forbes’ "Most Innovative Growth Companies" list. More information about Tyler Technologies, an S&P 500 company headquartered in Plano, Texas, can be found at tylertech.com.

About Cerner
Cerner’s health technologies connect people and information systems at thousands of contracted provider facilities worldwide dedicated to creating smarter and better care for individuals and communities. Recognized globally for innovation, Cerner assists clinicians in making care decisions and assists organizations in managing the health of their populations. The company also offers an integrated clinical and financial system to help manage day-to-day revenue functions, as well as a wide range of services to support clinical, financial and operational needs, focused on people. For more information, visit Cerner.com, The Cerner Blog or connect on Facebook, Instagram, LinkedIn, Twitter or The Cerner Podcast. Nasdaq: CERN. Health care is too important to stay the same.


© Business Wire 2020
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Financials (USD)
Sales 2020 1 125 M - -
Net income 2020 189 M - -
Net Debt 2020 - - -
P/E ratio 2020 91,5x
Yield 2020 -
Capitalization 16 731 M 16 731 M -
Capi. / Sales 2020 14,9x
Capi. / Sales 2021 13,9x
Nbr of Employees 5 511
Free-Float 82,5%
Chart TYLER TECHNOLOGIES, INC.
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Tyler Technologies, Inc. Technical Analysis Chart | TYL | US9022521051 | MarketScreener
Technical analysis trends TYLER TECHNOLOGIES, INC.
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 419,55 $
Last Close Price 414,89 $
Spread / Highest target 13,3%
Spread / Average Target 1,12%
Spread / Lowest Target -18,1%
EPS Revisions
Managers
NameTitle
H. Lynn Moore President, Chief Executive Officer & Director
John S. Marr Executive Chairman
Brian K. Miller Chief Financial Officer, Treasurer & EVP
Matthew B. Bieri Chief Information Officer
Jeff Green Chief Technology Officer
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