Santiam Hospital Set to Go Live on Centriq in September
CPSI (NASDAQ: CPSI), a community healthcare solutions company,
today announced that Santiam Hospital, a 40-bed acute care hospital
located in Stayton, Oregon, has made the decision to return to the
CPSI family of companies for their in-patient electronic health
record (EHR) solution.
Santiam Hospital had been a long-standing Healthland client on
their legacy system, Classic. While the team from Santiam Hospital
had been very happy with their partnership, they needed to upgrade
to a newer EHR system that better connected the clinic and
hospital. As part of that decision, they explored additional
options for comparison purposes. After a competitive search
process, Santiam Hospital leadership chose a solution from a
different vendor that came with several promises regarding the
enhancement of their in-patient solution. However, nearly six
months after they had gone live with their ambulatory solution, the
progress they were expecting with the new in-patient solution did
not come to fruition.
“There were many areas of concern from our perspective that were
never realized once the clinic implementation began,” said Maggie
Hudson, chief financial officer and chief operating officer of
Santiam Hospital. “Our vision to serve as the healthcare provider
at the center of our community needed to be supported by a fully
working and proven solution in both the clinic and hospital
settings. Our providers were pleased with the clinic solution, but
considering the gaps within the hospital system, we simply couldn’t
take the chance. By the end of 2017, we were not convinced that all
the needed changes were coming, which would have adversely affected
our future plans. In addition, we intend to attest for Meaningful
Use in 2018, and we need to be certain we are set up to be
successful.”
With that in mind, Santiam Hospital made the decision to change
course and upgrade to the Centriq solution in their hospital and
emergency department. Centriq is a complete EHR solution now
offered by the CPSI family of companies, following the acquisition
of Healthland in 2016.
“Knowing that CPSI is committed to continued support and
investment in the Centriq solution was a major factor in our
decision,” said Hudson. “This promise made our decision to return
to the CPSI family of companies an easy one.”
The hospital, which has a rich history in the Willamette Valley,
appreciates that the CPSI family of companies serves over 1,000
similar community facilities and is willing to take the steps
necessary to ensure their success. Santiam expects to be live on
Centriq in September, which will help the hospital successfully
complete Meaningful Use 2018 attestation.
“We welcome Santiam Hospital back to our family of companies,”
said Boyd Douglas, president and chief executive officer of CPSI.
“As their partner, we will continue to support their mission to be
the healthcare provider at the center of their community. What the
providers from Santiam Hospital do every day is vitally important
to the people they serve, and we want to ensure their success today
and well into the future. We remain committed to offering the best
healthcare solutions and support for small, rural communities like
Stayton, Oregon.”
About CPSI
CPSI is a leading provider of healthcare solutions and services
for community hospitals, their clinics and post-acute care
facilities. Founded in 1979, CPSI is the parent of three
companies – Evident, LLC, TruBridge, LLC 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 for community hospitals and their
affiliated clinics. American HealthTech is one of the nation’s
largest providers of EHR solutions and services for post-acute care
facilities. TruBridge focuses on providing business, consulting and
managed IT services, along with its complete RCM solution for all
care settings. 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, leverage ratio, margins,
costs, expenditures, cash flows, growth rates, the Company’s level
of recurring and non-recurring revenue and backlog, the Company’s
shareholder returns 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 potential 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 technology and products in response to market
demands; failure of our products to function properly resulting in
claims for medical and other 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 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 of America; significant charge to earnings if our
goodwill or intangible assets become impaired; 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. Relative to our
dividend policy, the payment of cash dividends is subject to the
discretion of our Board of Directors and will be determined in
light of then-current conditions, including our earnings, our
leverage, our operations, our financial conditions, our capital
requirements and other factors deemed relevant by our Board of
Directors. In the future, our Board of Directors may change our
dividend policy, including the frequency or amount of any dividend,
in light of then-existing conditions. 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: https://www.businesswire.com/news/home/20180823005142/en/
CPSITracey Schroeder, 251-639-8100Chief Marketing
OfficerTracey.schroeder@cpsi.com
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