CPSI and TruBridge Collaborate with IBM to Deliver Predictive Analytics at the Point of Patient Care
November 17, 2014
MOBILE, Ala.--(BUSINESS WIRE)--
CPSI (NASDAQ: CPSI), a leading provider of health information systems
and services, and its wholly owned subsidiary, TruBridge, today
announced that they are leveraging IBM technology to develop and deliver
predictive analytics to rural and community hospitals.
As part of the collaboration, the companies will focus on an initial ten
hospital case study examining readmission risk. Using IBM’s SPSS
Modeler, data aggregated from the participating hospitals will be
analyzed to provide predictive analysis of readmission risk factors
associated with a patient population. By identifying patients with a
higher probability for readmission, caregivers can proactively address
risk factors associated with those patients thereby reducing the
likelihood of a subsequent readmission.
“The readmission risk analysis project is an important proof of concept,
but only a first step,” said Boyd Douglas, President and Chief Executive
Officer of CPSI. “Our collaboration with IBM gives us the tools
necessary to leverage big data aggregated and curated from across our
client base. The opportunities to manage population health and
ultimately improve patient outcomes based on the use of predictive
analytics are enormous.”
Predictive analytics can also be applied to other areas of hospital
operations such as revenue cycle management to identify opportunities
and develop best practices.
“White County Medical Center is excited to be participating in CPSI’s
initial big data project,” said Stuart Hill, Chief Financial Officer of
White County Medical Center, a 245 bed facility in Searcy, AR. “We
believe our ability to successfully manage all aspects of population
health will be of vital importance in the near future. Not only will we
be able to utilize predictive data from CPSI in this effort, but we will
also draw on TruBridge’s Consulting Services expertise in helping us
identify risks as well as opportunities.”
“We are very pleased our healthcare IT partner is making this investment
in predictive analytics and pursuing big data technologies,” said Shawn
Kammerud, Chief Information Officer of Osceola Medical Center, a 25 bed
critical access hospital in Osceola, WI. “This venture will provide us
with a great opportunity to use our data in concert with that of other
hospitals to generate better quality and more actionable information
than we could depending solely on our own data. We see the use of
predictive analytics as a strategic necessity for our hospital going
forward.”
“We understand that providing quality care in today’s world of cost
containment and diminishing reimbursements is a huge challenge for all
hospitals,” said Douglas. “However we also believe rural and community
hospitals are disproportionately affected by these factors. We are
confident our ability to deliver predictive analytics drawn from big
data that is specific to rural and community hospitals can provide them
tools that will have a positive impact on ensuring the long term
sustainability of rural and community healthcare.”
“Big data and analytics are transforming industries and professions,”
said Alistair Rennie, General Manager, Business Analytics, IBM. “We’re
pleased to be working with CPSI to apply predictive analytics to help
community hospitals identify and address the many operational and
financial opportunities to improve healthcare.”
About CPSI
CPSI is a leading provider of healthcare information solutions for
community hospitals with over 650 client hospitals in 45 states and the
District of Columbia. Founded in 1979, the Company is a single-source
vendor providing comprehensive software and hardware products,
complemented by complete installation services and extensive support.
Its fully integrated, enterprise-wide system automates clinical and
financial data management in each of the primary functional areas of a
hospital. CPSI’s staff of over 1,400 technical, healthcare, medical and
business professionals provides system implementation and continuing
support services as part of a comprehensive program designed to respond
to clients’ information needs in a constantly changing healthcare
environment. For more information, visit www.cpsinet.com.
About TruBridge, LLC
TruBridge has its roots in CPSI, a leading provider of electronic
medical record (EMR) systems. Today, it is a separate company focused
exclusively on providing business office, consulting and managed IT
services. TruBridge brings 30 years of expertise in delivering effective
solutions created for the unique challenges faced by rural and community
healthcare organizations. For more information, visit www.trubridge.net.
Forward-Looking Statements
Any statements contained in this press release which are not
historical facts are 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, forward-looking statements include all statements
other than those made solely with respect to historical fact, including
statements with respect to CPSI’s expectations relating to its
collaboration with IBM. Numerous risks, uncertainties and other factors
may cause actual results to differ materially from those expressed in
any forward-looking statements. While it is impossible to identify all
such factors, factors which could cause actual results or events to
differ materially from those anticipated include, but are not limited
to, the effectiveness of CPSI’s strategy of successfully leveraging IBM
technology to develop and deliver predictive analytics to rural and
community hospitals; 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 information to reflect events or developments after
the date of this press release.

Computer Programs and Systems, Inc.
Boyd Douglas, 251-639-8100
President
and Chief Executive Officer
Source: Computer Programs and Systems, Inc.