Facilities Will Utilize EHR and Revenue Cycle Management (RCM) Solutions to Improve Facility Operations
July 22, 2019
MOBILE, Ala. (July 22, 2019) – CPSI (NASDAQ: CPSI), a community healthcare solutions company, announced today that three Montana hospitals – Mountainview Medical Center, Big Sandy Medical Center and Dahl Memorial Healthcare Association – have selected cloud-hosted electronic health record (EHR) solutions from Evident to replace their existing systems. In addition, RCM solutions from TruBridge will be used by all three facilities to complement the EHR. All three hospitals are expected to complete their implementation for both the inpatient hospital and clinic suite of products by the fourth quarter of 2019.
The dynamic nature and continued demands in healthcare delivery led all three facilities to pursue a new partner to meet their ongoing technology needs and to effectively manage business operations going forward. In addition to the stringent Promoting Interoperability (PI) requirements for 2020, the need for EHR system adoption by providers and other clinicians to improve patient outcomes and utilization was also a factor. In addition, rural facilities continue to face challenges with patient volume, making it imperative to find ways to maximize reimbursement and improve cash flow by leveraging revenue cycle management tools and services.
"As a current TruBridge RCM customer, we already knew the benefits and financial impact to our business," said Rob Brandt, chief executive officer of Mountainview Medical Center. "By choosing to go back to Evident after leaving in 2016, we are also confident in their EHR capabilities to help us meet regulatory requirements and timelines without feeling rushed and ensure quality care to the patients we see every day."
"The functionality of the product was key for us," said Leah Griffith, chief executive officer of Big Sandy Medical Center. "Following the demonstrations, our medical director penned a letter to our board of directors showing her support in selecting Evident. When physicians like an EHR solution, you know it is the right choice."
"Partnering with CPSI gives us the unique opportunity to work with one company with solutions that span multiple care settings," said Ryan Tooke, chief executive officer of Dahl Memorial Healthcare Association. "With both a hospital and affiliated nursing home, having EHR capabilities that address both unique points of care was very attractive to us."
"The products and services offered through the CPSI family of companies help ensure that our customers are in the best position possible to succeed in healthcare delivery and address the unique needs of rural and community healthcare," said Boyd Douglas, president and chief executive officer of CPSI. "There is no stronger testament to our commitment to advancing community healthcare than these three facilities choosing to partner with CPSI."
###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 four companies – Evident, LLC, American HealthTech, Inc., TruBridge, LLC and Get Real Health. 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. Get Real Health focuses on solutions aimed at improving patient engagement for individuals and healthcare providers. For more information, visit www.cpsi.com.
###Forward-Looking Statements Information in this release may involve plans, intentions, expectations, strategies, outlooks, beliefs or other statements regarding the future that are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, such as statements regarding the timing of the completion of the implementation of Evident’s EHR solutions at Mountainview Medical Center, Big Sandy Medical Center and Dahl Memorial Healthcare Association (the "Hospitals"), are based upon management’s present plans, intentions, hopes or strategies regarding the future and involve risks and uncertainties that could cause actual events or developments to be materially different from those indicated in such forward-looking statements. Such risks and uncertainties include, but are not limited to, potential challenges in successfully completing the implementation of Evident’s EHR solutions at the Hospitals by the fourth quarter of 2019, as well as the risks and uncertainties that are contained in CPSI’s most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q and Current Reports on Form 8-K that are filed from time to time with the Securities and Exchange Commission. All information included in this release is based upon information available to CPSI as of the date of the release, and CPSI assumes no obligation to update any such forward-looking statements.
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