Tennessee-Based Hospital Selects Evident for Comprehensive EHR Capabilities
September 10 2018 - 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 Jamestown Regional Medical
Center, a Rennova Health Company, has selected their Thrive EHR
solution, along with revenue cycle management (RCM) and cloud
hosting offered through sister company, TruBridge. The
Tennessee-based healthcare facility is expected to go live with all
offerings in December.
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Jamestown Regional Medical Center, an 85-bed hospital located 65
miles northwest of Knoxville, was acquired by Rennova Health in
early 2018. This recent shift in ownership prompted the healthcare
facility to re-evaluate their technology needs and address their
ongoing challenge of using multiple, disparate systems to run their
operations. Once live, the facility will utilize the complete
Thrive hospital and clinic EHR to support its clinical and
financial operations. Additionally, Jamestown Regional Medical
Center will implement the complete set of RCM products and services
as well as cloud hosting offered through TruBridge. The RCM
solution set will help the hospital maximize revenue and improve
cash flow in part through more efficient insurance claim and
reimbursement processes.
“It was clear to us that we needed one complete and fully
integrated EHR system that could connect patient clinical and
financial data across all points of care, including emergency room,
inpatient and the clinic environments,” said Lynette Pritchett
Evans, chief executive officer of Jamestown Regional Medical
Center. “Having one comprehensive EHR will create greater
efficiency and accuracy in retrieving patient information, saving
our staff valuable time and offering the patients we serve a better
quality experience. It’s exciting to have a system that gives us
these much needed capabilities to manage care in our
community.”
Boyd Douglas, president and chief executive officer of CPSI,
said, “Our continued success in community healthcare comes from our
deep understanding of the critical need to support patient care
across various care settings. We are confident that the
capabilities the Thrive EHR offers along with complementary
solutions through TruBridge will ensure the success of Jamestown
Regional Medical Center, both in financial sustainability and the
quality of care offered to the patients and communities they
serve.”
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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CPSITracey SchroederChief Marketing
Officertracey.schroeder@cpsi.com612.787.3125
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