CPSI Selects the Logi Analytics Platform for Its Business Intelligence and Dashboard Solutions
November 2, 2016
Partnership will give small and rural hospitals insights and tools
needed to improve care and operations by identifying trends, evaluating
performance and measuring results.
MOBILE, Ala.--(BUSINESS WIRE)--
CPSI (NASDAQ: CPSI), a leading provider of healthcare information
solutions, announces the selection of Logi Analytics, a recognized
leader in embedded analytics, to provide meaningful data analytics and
clinical and quality reporting capabilities within its Electronic Health
Records (EHR) solutions.
“This new offering is one more way we are helping our customers
transition to a value-based care delivery model and to proactively
manage the health of their communities,” said Boyd Douglas, president
and chief executive officer of CPSI. “Instead of offering a bolt-on
analytics solution, we are embedding analytics into our EHR solutions,
using Logi Analytics, so our customers have access to intuitive,
easy-to-use analytics tools that they can use to help improve patient
care and outcomes. This innovation will help customers transform their
enormous volume of data into manageable and organized segments for
decision making.”
Steven Schneider, chief executive officer of Logi Analytics, said, “Our
approach is to let software providers, such as CPSI, do what they do
best and leave the analytics to Logi. Our platform allows product teams
to quickly embed analytics capabilities into their application to
deliver real business value to their customers. We are providing CPSI
with the development tools, training and support needed so they can
build a genius analytics solution that delivers insights in context of
the EHR solutions CPSI’s customers are already using.”
Douglas noted that the analytics product development is underway. “Our
next critical step is to partner with pilot sites to validate and test
these new reporting and analytics tools. Working with our pilot sites
throughout this process – before general availability – helps to ensure
we deliver real value and meet customer expectations. The business
intelligence and dashboard solution, including analytics services and
consulting, will be offered through TruBridge, which is a member of the
CPSI family. The first phase of our analytics solution is expected to be
generally available in the spring of 2017 for our acute care customers
that use either the Thrive or Centriq EHR, and soon after for our
post-acute care customers with American HealthTech.”
Douglas concluded, “The CPSI family of companies addresses the continuum
of community healthcare with IT solutions that span the acute,
post-acute and ambulatory care settings. We will continue to collaborate
and deliver a broader set of solutions to our expanding customer base
that will support their future success in the world of value-based care.”
About CPSI
CPSI is a leading provider of healthcare IT solutions and services for
rural and community hospitals and post-acute care facilities. Founded in
1979, CPSI is the parent of five companies – Evident, LLC, TruBridge,
LLC, Healthland Inc., American HealthTech, Inc., and Rycan Technologies,
Inc. Our combined company is 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
rural and community hospitals. TruBridge focuses exclusively on
providing business management, consulting and managed IT services to
rural and community healthcare organizations, regardless of their IT
vendor. 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. Rycan provides
revenue cycle management and workflow and automation software to
hospitals, healthcare systems, and skilled nursing organizations. For
more information, visit www.cpsi.com,
www.evident.com,
www.trubridge.com,
www.healthland.com,
www.healthtech.net
or www.rycan.com.
About Logi Analytics
Logi helps companies embed analytics into the fabric of their
organization and products. With Logi, companies can create genius
analytic applications that are purpose-built to users’ unique roles and
skills, and delivered in the apps they already rely on – enabling anyone
to analyze data when and where they need it. More than 1,800 customers
worldwide rely on Logi Analytics. The company is headquartered in
McLean, Virginia with international offices across Europe. Learn more at LogiAnalytics.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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161102005444/en/
CPSI
Tracey Schroeder, 612-787-3125
Chief Marketing Officer
tracey.schroeder@cpsi.com
Source: CPSI