CPSI Launches New Solution at Annual User Conference

CPSI Launches New Solution at Annual User Conference

May 15, 2017

MOBILE, Ala.--(BUSINESS WIRE)-- CPSI (NASDAQ: CPSI), a community healthcare solutions company, announced today that the Company has unveiled the Business Intelligence Dashboard to more than 1,000 attendees at the 2017 CPSI Annual User Conference.

The Business Intelligence Dashboard is the newest offering from TruBridge, a fully owned subsidiary of CPSI. CPSI and its family of companies continue to collaborate with customers and key industry experts to deliver on their commitment and vision to help customers ensure the health and vitality of the communities they serve. The Business Intelligence Dashboard is an example of this collaboration.

“Offering our clients meaningful tools and solutions that are developed with their input is paramount to our product strategy,” said Boyd Douglas, president and chief executive officer of CPSI. “This solution is a cornerstone of our population health solutions that we will be introducing over the next two years.”

The Business Intelligence Dashboard incorporates several features designed to streamline and optimize the user experience, including:

Pratt Regional Medical Center in Pratt, Kansas, is an active pilot site utilizing the Business Intelligence Dashboard. Luke Kumberg, network administrator for Pratt Regional Medical Center, has been pleased with their experience, both in the development and use of the Business Intelligence Dashboard.

“As one of six clients that has been involved in the development process from the early stages, CPSI has shown us that they value our partnership,” said Kumberg. "Having direct input at all stages of development shows us how important our thoughts and needs are. We are pleased with how quickly the Business Intelligence Dashboard has evolved and look forward to incorporating the use of this new business intelligence tool to help further shape data-driven business decisions while improving the health of our community.”

Douglas added, “Facilities like Pratt and our other client partners have leaders that are truly forward-thinking. Their insight and feedback has been invaluable in the development of the Business Intelligence Dashboard. Working hand-in-hand with our clients has shown us exactly what is needed, and we look forward to building additional offerings.”

The Business Intelligence Dashboard is currently in its first launch phase for Evident and Healthland clients, with the next release planned in the next six to nine months for American HealthTech clients in the post-acute market.

About CPSI

CPSI is a leading provider of healthcare solutions and services for community hospitals plus other healthcare systems and post-acute care facilities. Founded in 1979, CPSI is the parent of four companies – Evident, LLC, TruBridge, LLC, Healthland Inc., and American HealthTech, Inc. Our combined companies are focused on helping improve the health of the communities we serve, connecting communities for a better patient care experience, and improving the financial operations of our customers. Evident provides comprehensive EHR solutions and services for community hospitals. TruBridge focuses on providing business, consulting, and managed IT services along with their RCM product, Rycan, providing revenue cycle management workflow and automation software to hospitals, other healthcare systems, and skilled nursing organizations. Healthland provides integrated technology solutions and services to small rural and critical access hospitals. American HealthTech is one of the nation’s largest providers of financial and clinical technology solutions and services for post-acute care facilities. For more information, visit www.cpsi.com, www.evident.com, www.trubridge.com, www.healthland.com, www.healthtech.net or www.rycan.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified generally by the use of forward-looking terminology and words such as "expects," "anticipates," "estimates," "believes," "predicts," "intends," "plans," "potential," "may," "continue," "should," "will" and words of comparable meaning. Without limiting the generality of the preceding statement, all statements in this press release relating to estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates and future financial results are forward-looking statements. We caution investors that any such forward-looking statements are only predictions and are not guarantees of future performance. Certain risks, uncertainties and other factors may cause actual results to differ materially from those projected in the forward-looking statements. Such factors may include: overall business and economic conditions affecting the healthcare industry, including the potential effects of the federal healthcare reform legislation enacted in 2010, and implementing regulations, on the businesses of our hospital customers; government regulation of our products and services and the healthcare and health insurance industries, including changes in healthcare policy affecting Medicare and Medicaid reimbursement rates and qualifying technological standards; changes in customer purchasing priorities, capital expenditures and demand for information technology systems; saturation of our target market and hospital consolidations; general economic conditions, including changes in the financial and credit markets that may affect the availability and cost of credit to us or our customers; our substantial indebtedness, and our ability to incur additional indebtedness in the future; our inability to generate sufficient cash in order to meet our debt service obligations; restrictions on our current and future operations because of the terms of our senior secured credit facilities; market risks related to interest rate changes; our ability to successfully integrate the businesses of Healthland, American HealthTech and Rycan with our business and the inherent risks associated with any potential future acquisitions; competition with companies that have greater financial, technical and marketing resources than we have; failure to develop new or enhance current technology and products in response to market demands; failure of our products to function properly resulting in claims for losses; breaches of security and viruses in our systems resulting in customer claims against us and harm to our reputation; failure to maintain customer satisfaction through new product releases or enhancements free of undetected errors or problems; interruptions in our power supply and/or telecommunications capabilities, including those caused by natural disaster; our ability to attract and retain qualified customer service and support personnel; failure to properly manage growth in new markets we may enter; misappropriation of our intellectual property rights and potential intellectual property claims and litigation against us; changes in accounting principles generally accepted in the United States; fluctuations in quarterly financial performance due to, among other factors, timing of customer installations; and other risk factors described from time to time in our public releases and reports filed with the Securities and Exchange Commission, including, but not limited to, our most recent Annual Report on Form 10-K. We also caution investors that the forward-looking information described herein represents our outlook only as of this date, and we undertake no obligation to update or revise any forward-looking statements to reflect events or developments after the date of this press release.

Tracey Schroeder, 251-639-8100
Chief Marketing Officer

Source: CPSI