New Solution Enables Senior Living Providers to
Achieve Efficient Transitions of Care Between Different
Settings
American HealthTech (AHT), a wholly owned subsidiary of CPSI
(NASDAQ: CPSI) and a leading provider of electronic health records
(EHR) for the post-acute and senior living markets, announces the
commercial launch of its new senior living solution powered by
ALIS, which has over 500 implementations in 38 states. The new AHT
solution provides accurate, detailed electronic care records for
seniors as they move among assisted living, skilled nursing
facilities, continuing care retirement communities, rehabilitation
centers and more.
“Due to the differences in the various care settings, facilities
that provide skilled nursing and senior living services struggle
with billing and managing clinical workflow as patients or
residents move between settings,” said Teresa Chase, president of
AHT. “Our new solution provides the market with superior clinical
and financial management tools across a wide spectrum of different
care settings and facilities. This is crucial for efficient and
effective transition of care.”
The AHT senior living solution has been market tested through
key development partnerships between AHT and two Georgia-based
senior living organizations: Magnolia Manor, a ministry of the
United Methodist Church headquartered in Americus; and Annandale
Village, based in Suwanee, an award-winning nonprofit organization
dedicated solely to providing progressive life assistance to adults
with developmental disabilities and acquired brain injuries.
According to Hill Fort, chief operating officer for Magnolia
Manor, “Senior living communities encounter a variety of operating
issues. Rather than being a federally regulated industry, each
individual state sets its own rules and regulations on practices,
processes and charting. We collect information and spend many hours
completing state-required paperwork, which takes up time we’d
rather be spending with residents. In addition, obtaining the
information needed to ensure our business remains financially sound
can be challenging.”
Magnolia Manor needed a way for its different departments to
communicate vital information quickly and simply. They were looking
for a solution tailored for its needs, and one that would enable
their staff to chart in a clear and confident manner, while
mitigating risk of errors. According to Fort, the answer was AHT’s
senior living solution, powered by ALIS.
Laura Gourley, chief financial officer of Annandale Village,
agrees, “In our continuing efforts to stay ahead of the technology
curve and to become more efficient and effective in our service
delivery, we turned to AHT senior living solution to help us do
just that. Through the power of ALIS, we have real-time information
available at our finger tips and are no longer dependent upon a
multitude of Excel worksheets or having to maintain hundreds of
outdated binders.”
Providers lose valuable dollars and are put in a vulnerable
position when there is failure of communication between sales and
clinical, finance and clinical, executive director and management
team, community and resident family, or outside agencies. This is
especially true when the care being provided is not being charged,
often due to an assessed change in condition, and not included in
the resident’s bill.
According to Chase, “Our senior living solution is
resident-centric and designed to solve the unique, real-world
challenges of today’s senior living community. The solution is
inviting, self-explanatory and simple to navigate, allowing for
ease in training, implementation and day-to-day use. More
importantly, the solution solves a significant problem in the
industry today – making care transitions more efficient.”
From the first point of contact with a potential resident, the
community’s sales team is able to start capturing data in our
Prospects CRM, creating profiles, reserving rooms, completing
documentation and assessments, all prior to move-in, and all of
this data transfers over to clinical with the click of a button. No
duplication in effort, no information lost. The solution is also
flexible enough to handle multiple regulatory environments across
an entire company, while standardizing key components across the
board. The Resident Evaluation Tool automatically ties custom
resident assessments to community care planning, guaranteeing the
appropriate care and billing levels are set for each resident. It
also alerts the appropriate departments when a change of condition
occurs, so revenue is never lost due to miscommunication between
clinical and billing.
The AHT senior living solution powered by ALIS also eliminates
challenges associated with state binders, transforming exact
versions of familiar paper documents into digital forms. The
compliance capability utilizes information previously entered into
the resident record and pre-populates it into the state forms,
eliminating the effort and errors associated with completing forms
manually.
For more information on the AHT senior living solution powered
by ALIS, go to www.healthtech.net or call 1.800.489.4248.
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 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 American HealthTech
Headquartered in Jackson, MS, and with offices in Denver, CO,
American HealthTech (AHT) is a premier provider of integrated
solutions to the skilled nursing industry to help organizations
achieve data-driven clinical and financial improvements. Its
solutions delivered to clients include software, professional
services and interoperability connections. AHT is part of the CPSI
family of healthcare IT solutions. For more information, visit
www.healthcare.net.
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/20161019005737/en/
American HealthTechTracey Schroeder, 612-787-3125Chief Marketing
Officertracey.schroeder@cpsi.com
Computer Programs and Sy... (NASDAQ:CPSI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Computer Programs and Sy... (NASDAQ:CPSI)
Historical Stock Chart
From Apr 2023 to Apr 2024