CPSI Highest Rated EHR Vendor for Fifth Consecutive Year; Eligible Providers Successfully Attest for Meaningful Use Stage 2
March 19, 2015
MOBILE, Ala.--(BUSINESS WIRE)--
CPSI (NASDAQ: CPSI), a leading provider of electronic health record
(EHR) systems and services, today announced that it has been recognized
as the top ranked inpatient EHR vendor for hospitals under 100 beds by
Black Book Rankings. This is the fifth consecutive year CPSI has been
recognized as the top overall EHR vendor for small and rural hospitals
under 100 beds and critical access hospitals.
“We are very proud to again be recognized by Black Book Rankings,” said
Boyd Douglas, President and Chief Executive Officer of CPSI. “Our place
at the top of these independent rankings for five years in a row is
confirmation from our clients that our system and support have continued
to fully meet their needs during this transitional period in healthcare
IT. The top of the Black Book rankings in conjunction with our industry
leading 2014 Stage 2 Meaningful Use (MU) attestations clearly supports
CPSI’s position as the leading EHR vendor for rural and community
hospitals.”
CPSI also announced that providers using the company’s Medical Practice
EHR platform have successfully attested to MU Stage 2. This announcement
comes on the heels of the most recent Centers for Medicare & Medicaid
Services report of EHR Products used for MU in which CPSI leads all
vendors in successful MU Stage attestations for the Complete
EHR/Inpatient/Hospital designation. Douglas commented, “Many of our
rural and community hospital clients own or manage their physician
practices. Therefore, having a single vendor integrated solution to
address both care settings offers them significant advantages in the
delivery of patient care as well as operational efficiencies. With the
successful attestation to MU Stage 2 by physicians using our ambulatory
EHR product, our customers can be confident they will receive not only
the inherent benefits of a single vendor solution but the financial ones
as well.”
About CPSI
CPSI is
a leading provider of electronic health records systems for more than
650 community, rural and critical access hospitals and their 12,000
providers. Founded in 1979, the Company is dedicated to meeting the
ever-changing needs of health IT, while optimizing the quality of care
for communities in 46 states and the District of Columbia. CPSI provides
a complete information and patient care system from business office to
bedside combined with comprehensive implementation, training and ongoing
support from our staff of approximately 1,350 healthcare and business
professionals. CPSI’s wholly owned subsidiary, TruBridge,
LLC, focuses exclusively on providing business office, consulting and
managed IT services to rural and community healthcare organizations,
regardless of their IT vendor. To join the conversation with CPSI,
connect with us on Facebook, Twitter
(@cpsiehr) and on the CPSI
blog. For more information, visit www.cpsi.com or www.trubridge.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; government
regulation of the healthcare and health insurance industries; government
regulation of our products and customers, including changes in
healthcare policy affecting Medicare and Medicaid reimbursement rates
and qualifying technological standards; the potential effects of the
federal healthcare reform legislation enacted in 2010, and implementing
regulations, on the businesses of our hospital customers; the funding
uncertainties associated with and potential expenditures required by the
American Recovery and Reinvestment Act of 2009 in connection with the
adoption of electronic health records; saturation of our target market
and hospital consolidations; changes in customer purchasing priorities,
capital expenditures and demand for information technology systems;
competition with companies that have greater financial, technical and
marketing resources than we have; failure to develop new technology and
products in response to market demands; fluctuations in quarterly
financial performance due to, among other factors, timing of customer
installations; failure of our products to function properly resulting in
claims for medical losses; changes in accounting principles generally
accepted in the United States; breaches of security and viruses in our
systems resulting in customer claims against us and harm to our
reputation; potential intellectual property claims against us; 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; interruptions in our power supply and/or telecommunications
capabilities 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.
CPSI
Boyd Douglas, 251-639-8100
President and Chief Executive
Officer
Source: CPSI