Wolters Kluwer N V Stock Price, News & Analysis

Wolters Kluwer ELM Solutions is hosting the Legal Leaders Exchange Live on March 8 in New York City, focusing on strategies to control legal spend for the finance and insurance sectors. Nathan Cemenska will provide insights on outside counsel rates and spending trends, while Abhishek Mittal will explore AI applications to enhance legal operations. With a strong portfolio that includes top-rated solutions like Passport® and TyMetrix® 360°, the company aims to boost efficiency and streamline processes for legal departments. Wolters Kluwer reported revenues of €5.5 billion in 2022.

Wolters Kluwer Health has launched the Coder Workbench, a new high-productivity solution designed to enhance coder efficiency by 20-40% through optimized medical record reviews for risk adjustment workflows. This tool features intuitive workflows, embedded Medicare Advantage intelligence, and intelligent chart organization. Key attributes include a smart chart organization interface, built-in coding assistance, and AI-driven natural language processing to extract clinical indicators. With Medicare Advantage enrollment exceeding 30 million, the tool aims to address compliance and coding accuracy amidst increasing regulatory scrutiny.

Wolters Kluwer Health has launched Lippincott® Medical Procedures and Lippincott® Connect Courseware, innovative solutions to enhance medical education. These tools aim to prepare novice clinicians by providing access to trusted educational content and procedural training. The Connect Courseware offers faculty insights into student performance, while students benefit from quizzes and multimedia resources, streamlining their learning experience. The Medical Procedures resource contains evidence-based guidelines for over 60 core medical procedures, ensuring thorough preparation for upcoming professionals. This initiative addresses the growing demand for practice-ready healthcare workers.

Wolters Kluwer reported its full-year 2022 results, revealing revenues of €5,453 million, a 5% increase in constant currencies and 6% organically. Recurring revenues, accounting for 80% of total revenues, rose by 7% organically. Adjusted operating profit increased to €1,424 million, with a margin of 26.1%. Diluted adjusted EPS reached €4.14, up 8% in constant currencies. The company proposed a total dividend of €1.81 per share, a 15% rise. For 2023, it anticipates high single-digit growth in diluted adjusted EPS and announced a share buyback of up to €1 billion. A new division, Corporate Performance & ESG, will be formed to enhance synergies and capitalize on growth opportunities.

Wolters Kluwer Tax & Accounting has launched the Whole Ball of Tax, a media resource center designed for the 2023 tax filing season. This platform provides essential resources and expert insights to aid journalists and taxpayers. The IRS began accepting eFiled returns on January 23, 2023. Key resources include state-by-state tax guides on cryptocurrency, telecommuters, and student loan debt forgiveness implications. Federal tax changes involve 24 revised forms, including those influenced by the Inflation Reduction Act. Experts are available for commentary and analysis.