Evident Announces Its Entry into the Canadian HIS/CIS Market

Evident Announces Its Entry into the Canadian HIS/CIS Market

September 16, 2015

MOBILE, Ala.--(BUSINESS WIRE)-- Evident, LLC, a wholly-owned subsidiary of CPSI (NASDAQ: CPSI) and a leading provider of electronic health record (EHR) systems and services, today announced its intent to provide its health information system/clinical information system (HIS/CIS) and electronic medical record (EMR) solution to Canadian hospitals and physicians.

“Approximately 80% of the hospitals in Canada are community hospitals,” explained Boyd Douglas, President and Chief Executive Officer of Evident. “Evident has been successfully serving those same hospitals in the United States for more than 35 years. While there are certainly differences in the health systems of the United States and Canada, the health information needs of hospitals and providers in the two countries are very similar, and we have no doubt our products will more than meet the information technology needs of the Canadian healthcare system. We have done extremely well to date by all measures and, with Canadian hospitals and their physicians now starting a concerted effort towards a full adoption of clinical information systems and EMRs, it makes sense at this time to leverage our success and experience to expand into Canada.”

Evident is one of the predominant health information vendors in the healthcare industry and a recognized leader in providing fully integrated solutions to the community hospital market in the United States. To date, there have been limited choices with regard to HIS/CIS vendors serving the Canadian market. Evident’s cloud-based solutions will offer an entirely new value proposition for hospitals and physicians in Canada. Evident’s guaranteed delivery model and predictable cost over the term of the contract provides the right solution at the right time to the Canadian market.

“For years, the Canadian health industry as a whole has been working to modernize the country’s electronic health record systems,” said Douglas, “but many believe alternative solutions with predictable cost options and fixed price implementations would further drive IT adoption. These particular barriers are easily addressed by two of Evident’s primary competitive strengths – guaranteed pricing and a comprehensive fixed cost, implementation process. Our approach is holistic and has resulted in a 100% success rate in delivering our HIS/CIS and EMR solutions on-time and on-budget. This will be a major differentiator for Canadian facilities and providers looking for a high quality health information system backed by superior implementation and support services.”

About Evident, LLC
Evident is a leading provider of patient centered and community focused electronic health record systems for more than 650 community hospitals and their 12,000 providers. The company is dedicated to meeting the ever-changing needs of health IT, while optimizing the quality of care for communities in the United States and Canada. Thrive, Evident’s health information solution, is a complete information and patient care system from business office to bedside combined with comprehensive implementation and training services. Thrive offers a seamless user experience and advanced workflows that make it an integral part of delivering quality patient care. LikeMind, the company’s unique collaborative support model for Thrive, delivers proactive service from its staff of healthcare and business professionals who understand the challenges its customers face and share their dedication to quality healthcare. For more information, visit www.evident.com.

About CPSI
CPSI is a leading provider of healthcare solutions for community hospitals. Founded in 1979, CPSI is the parent of two companies – Evident, LLC and TruBridge, LLC. Evident provides comprehensive electronic health record (EHR) solutions for community hospitals. TruBridge focuses exclusively on providing business, consulting, and managed IT services to community healthcare organizations, regardless of their IT vendor. For more information, visit www.cpsi.com, www.evident.com, or www.trubridge.com.

About TruBridge, LLC
TruBridge helps community healthcare organizations succeed on their path to performance. The company is focused exclusively on providing business, consulting and managed IT services. TruBridge brings years of expertise in delivering effective solutions created for the unique challenges faced by community healthcare organizations. For more information, visit 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,” “confident,” “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 for Evident, LLC, a wholly owned subsidiary of CPSI (“Evident”), and successfully providing and expanding its service offerings in Canada. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statements. Such factors include: the effectiveness of the strategy of moving CPSI’s EHR solution and support and maintenance service offerings to Evident; CPSI’s ability to successfully expand its business into the Canadian marketplace; 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; potential effects of the federal healthcare reform legislation enacted in 2010, and implementing regulations, on the businesses of our hospital customers; 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.

Evident, LLC
Boyd Douglas, 251-639-8100
President and Chief Executive Officer

Source: CPSI and Evident, LLC