October 18, 2017
MOBILE, Ala.--(BUSINESS WIRE)--Oct. 17, 2017-- Evident LLC, a wholly owned subsidiary of CPSI (NASDAQ: CPSI) and a leading provider of electronic health record (EHR) systems and services for community hospitals, today announced that two Paragon clients, Jenkins County Medical Center and Monroe Regional Hospital, have contracted to implement the full suite of Thrive EHR solutions.
Following the recent acquisition of Jenkins County Medical Center, the GA Medical Holdings Corp. followed the input and recommendation from several employees and the hospital administrator. Jenkins County Medical Center had previously been an Evident client. Several employees had experience with the solution and recommended that Thrive EHR would best meet their needs now and well into the future.
“The familiarity with Thrive and the Evident team played a significant role in our EHR selection process,” said Jenkins administrator Earl Whiteley. “Meeting our compressed timeline was also an indication of the dedication the Evident team had to our success.”
Mississippi-based Monroe Regional Hospital selected Evident based on the recommendations from the management group, Alliant Management Services. Monroe Regional Hospital, also a Paragon client, was at a crossroads and needed to implement an EHR that would work for them for many years to come. The owner’s top priority was to provide Monroe Regional Hospital with the ability to deliver the same high level of quality healthcare that the region has come to expect from them. Working with a solid EHR from a partner with an historical presence in community healthcare is an important component to their success.
“Our experience and longevity means everything to community healthcare leaders and providers,” said Boyd Douglas, president and chief executive officer for CPSI. “With more than 35 years of serving the community healthcare market, our knowledge and durability speak for themselves when referrals like these come our way. We are very proud of what we have accomplished together, and we look forward to our continued partnership with hospitals and communities such as Jenkins and Monroe.”
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.
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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Tracey Schroeder, 612-787-3125
Chief Marketing Officer