Wyoming-Based Crook County Medical Services District Selects TruBridge as Its Healthcare Services Partner
December 10 2020 - 02:00PM
Business Wire
Healthcare Organization Will Benefit from a Recurring Revenue
Stream, Budget Predictability and an Industry Leading EHR Across
Acute, Ambulatory and Post-Acute Care
TruBridge, LLC, a subsidiary of CPSI (NASDAQ: CPSI), a
healthcare solutions company, announced today that Crook County
Medical Services District (CCMSD), a Wyoming-based Critical Access
Hospital (CAH) has selected the nTrust program, which includes
revenue cycle services from TruBridge and EHR solutions offered
through the CPSI family of companies.
By partnering with TruBridge for its business office functions,
CCMSD will have the ability to fund the purchase of an industry
leading EHR through a percentage of collections with no upfront
costs required.
The partnership with TruBridge will provide CCMSD with a better
performing EHR system across its clinics, hospital, emergency
department and long-term care facility. In addition, they will
benefit from a recurring revenue stream and improved budget
predictability, which can have a significant impact on community
healthcare providers.
“We feel good about this partnership with CPSI and its family of
companies,” said Micki Lyons, chief executive officer of Crook
County Medical Services District. “Improved decision-making for our
front- and back-office teams is very important to our success. In
addition, the efficiencies gained through enhanced workflows at the
point of care across each of our care settings will create
meaningful change for our providers. We expect these changes to
have a real impact throughout our organization and on our patients,
allowing us to uphold the high standard of care we strive to
provide our community.”
According to Trisa Linford, revenue and compliance officer of
Crook County Medical Services District, “We fully expect TruBridge
to improve our ability to get paid faster and get paid more by
streamlining processes and getting bills out the door more
efficiently. With the Business Intelligence product, we will have
the ability to get information out of the system we need for better
reporting, which we had difficulty doing with our previous RCM
partner.”
“This partnership speaks to the value CCMSD places in our shared
interest to ensure they can succeed in community healthcare
delivery,” said Chris Fowler, president of TruBridge. “The
financial barriers to changing EHR systems can be great, even
considering the benefits that product innovation can provide on
care delivery and business operations. Our nTrust model helps
alleviate that strain and provides our clients with the added
benefit of working with one partner across all disciplines of
care.”
About TruBridge TruBridge, a member of the CPSI family of
companies, provides business and consulting services, and an
end-to-end Revenue Cycle Management (RCM) solution. With our
arsenal of RCM offerings that include a HFMA Peer Reviewed® product
and an HMFA Peer Reviewed® complete outsourcing service, TruBridge
helps hospitals, physician clinics, and skilled nursing
organizations of all sizes become more efficient at serving their
communities. For further information visit www.trubridge.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,” “projects,” “targets,”
“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 the ability of Evident and TruBridge to
successfully partner with CCMSD 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: risks related to the ability
of CPSI’s EHR solutions to create clinical efficiencies and improve
decision-making and TruBridge’s RCM solution to improve billing
processes and financial reporting at CCMSD; the impact of COVID-19
and related economic disruptions which have materially affected
CPSI’s revenue and could materially affect CPSI’s gross margin and
income, as well as CPSI’s financial position and/or liquidity;
actions to be taken by CPSI in response to the pandemic; the legal,
regulatory and administrative developments that occur at the
federal, state and local levels; potential disruptions, breaches,
or other incidents affecting the proper operation, availability, or
security of CPSI’s or its partners’ information systems, including
unauthorized access to or theft of patient, business associate, or
other sensitive information or inability to provide patient care
because of system unavailability; changes in revenues due to
declining hospital demand and deteriorating macroeconomic
conditions (including increases in uninsured and underinsured
patients); potential increased expenses related to labor or other
expenditures; and the impact of our substantial indebtedness and
the ability to refinance such indebtedness on acceptable terms or
at all, as well as risks associated with disruptions in the
financial markets and the business of financial institutions as the
result of the COVID-19 pandemic which could impact us from a
financial perspective. Numerous other risks, uncertainties and
other factors may cause actual results to differ materially from
those expressed in any forward-looking statements. Such factors
include risk factors described from time to time in CPSI’s public
releases and reports filed with the Securities and Exchange
Commission, including but not limited to, CPSI’s most recent Annual
Report on Form 10-K and Quarterly Reports on Form 10‑Q. We also
caution investors that the forward-looking information described
herein represents CPSI’s outlook only as of this date, and CPSI
undertakes no obligation to update or revise any forward-looking
statements to reflect events or development after the date of this
press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20201210005868/en/
Tracey Schroeder Chief Marketing Officer
tracey.schroeder@cpsi.com 612.787.3125
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