Evident EHR Solution Implemented by Jackson Medical Center
September 19 2017 - 10:00AM
Business Wire
Evident LLC, a wholly owned subsidiary of CPSI (NASDAQ: CPSI)
and a leading provider of electronic health record (EHR) systems
and services, announced today that Jackson Medical Center, a 35-bed
acute care facility located in Jackson, Alabama, recently selected
Thrive, Evident’s EHR solution, to replace their existing EHR
system. The Alabama-based hospital is now live on nearly the entire
suite of Evident products, including the EHR for hospital,
financials and ancillary needs.
For Jackson, a subsidiary of Gilliard Health Service, Inc., the
decision to switch back to Evident and leverage their complete EHR
solution was a financial one, as collections had dropped around 75
percent under their previous vendor. According to Tom McLendon,
chief operating officer for Gilliard Health Services, this drastic
change in collections was something Jackson couldn’t sustain.
“We went almost six months going from $600 to $700,000 a month
in cash flow to $100 to $150,000 a month in cash flow,” McLendon
said. “A facility of our size would have difficulty maintaining
hospital operations with this type of revenue shift.”
In addition to having prior experience with Thrive at Jackson,
located about 60 miles north of Mobile, sister location Evergreen
Medical Center in Evergreen, Alabama, has been an Evident client
for about 25 years, solidifying their decision to return to
Thrive.
McLendon added that returning to Thrive was a positive
experience for his staff. “It was a fairly easy transition,” said
McLendon. “The Evident training and support team wanted this to be
easy for us with minimal disruption for our staff. They bent over
backwards to get everything we needed done in a timely manner.”
“We are pleased to renew our partnership with Jackson Medical
Center with the implementation of our Thrive EHR solution,” said
Boyd Douglas, president and chief executive officer of CPSI. “We
understand how important it is for rural providers to have both
successful financial and patient outcomes as they work to remain
viable, and we will work tirelessly to ensure they have a positive
impact on the communities they serve.”
About CPSI
CPSI is a leading provider of healthcare solutions and services
for community hospitals plus other healthcare systems and
post-acute care facilities. Founded in 1979, CPSI is the parent of
four companies – Evident, LLC, TruBridge, LLC, Healthland Inc., and
American HealthTech, Inc. Our combined companies are 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 community hospitals.
TruBridge focuses on providing business, consulting, and managed IT
services along with their RCM product, Rycan, providing revenue
cycle management workflow and automation software to hospitals,
other healthcare systems, and skilled nursing organizations.
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.
For more information, visit www.cpsi.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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170919005328/en/
CPSITracey Schroeder, 612-787-3125Chief Marketing
Officertracey.schroeder@cpsi.com
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