American HealthTech Chosen by Texas Healthcare Facility for Financial and Technology Advances
December 08 2016 - 2:00PM
Business Wire
Accounts Receivable Management is Central to
Financing Technology Enhancement Package
American HealthTech (AHT), a wholly owned subsidiary of CPSI
(NASDAQ: CPSI), today announced that AHT has been selected by
Schleicher County Medical Center and Nursing Home in Eldorado,
Texas, to provide Medicaid accounts receivable management services
and fund the implementation of advanced technology upgrades in the
organization’s clinical and business management operations. The
Texas nursing home expects to turn improved collection of
reimbursement dollars into an updated, comprehensive technology
system.
In addition to its post-acute nursing home, the organization
operates a critical-access hospital and physician clinic on its
campus in rural Eldorado, which is about 200 miles from both Austin
and San Antonio.
“We were looking for a way to recover more dollars, faster, from
government payors for the Medicaid residents in our nursing
facility,” said Pam Stokes, Administrator. “We discovered that
through American HealthTech we could accelerate collections and, in
turn, update our electronic charting technology so that we can
ultimately improve patient care and recover more costs for each
resident by improving our documentation. This new element of our
relationship with AHT will strengthen the financial standing of our
healthcare system here in Eldorado, which also significantly
enhances the vitality of our entire community.”
The TruBridge accounts receivable management service is a new
offering from AHT – a result of becoming part of the CPSI family of
companies early in 2016. CPSI’s TruBridge business consulting group
has a long history of providing Revenue Cycle Management (RCM)
services and improving receivables collection and management for
hospitals -- and now post-acute nursing facilities.
Teresa Chase, president of American HealthTech, said, “This
partnership with Schleicher County Medical Center and Nursing Home
is a critically important and innovative approach to improving
accounts receivable management as the means to upgrade technology
for improving across-the-board operations and the delivery of
patient care. We think it’s a model for facilities across the
country -- especially considering the increasing complexity of
reimbursement rules and regulations.”
Chase said that AHT’s medical charting technology is part of its
overall electronic health records (EHR) solution for post-acute and
senior living organizations. Physician and nursing notes, lab
results, prescription information, billing history, immunization
records and more are charted quickly, easily and accurately into
the system.
About CPSICPSI 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 American HealthTechHeadquartered 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.healthtech.net and www.cpsi.com.
Forward-Looking StatementsThis 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161208006054/en/
CPSITracey Schroeder, 612-787-3125Chief Marketing
Officertracey.schroeder@cpsi.com
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