News & Events

Business Combination Leverages Strength of Leading Providers of Revenue Cycle Management Services.

Healthcare Resource Group, Inc Transaction Highlights:

• 2021 revenues and adjusted EBITDA of $33.8 million and $3.6 million respectively
• 2022 expected revenues and adjusted EBITDA of $40.1 million and $5.2 million respectively (pre-synergies)
• Synergies to provide an additional estimated $2.6 million margin improvement to 2022 exit rate cost structure for the combined company
• 91% of revenues are recurring
• 77 customers representing mid to large hospitals across 28 states

MOBILE, ALA. March 1, 2022 - CPSI (NASDAQ: CPSI), a healthcare solutions company, today announced that it has acquired Healthcare Resource Group, Inc. (“HRG"). Based in Spokane, Washington, HRG is a leading provider of customized revenue cycle management (“RCM") solutions and consulting services that enable hospitals and clinics to improve efficiency, profitability, and patient satisfaction. Founded in 1994, HRG has approximately 400 employees serving 77 healthcare clients, primarily located in the Pacific Northwest and Southwest, including academic medical centers, tribal organizations, and independent 200+ bed hospitals.

MOBILE, ALA. (December 7, 2021) – American HealthTech (AHT), a wholly owned subsidiary of CPSI (NASDAQ: CPSI) and a leading provider of electronic health records (EHR) for the post-acute and senior living markets, today announced that Interhealth has expanded its partnership with AHT. Interhealth previously selected the Software-as-a-Service (SaaS) licensing agreement for both the AHT EHR solution and the full Revenue Cycle Management (RCM) product suite offered through CPSI subsidiary, TruBridge.

MOBILE, ALA. (March 4, 2021) —American HealthTech, a wholly owned subsidiary of CPSI (NASDAQ: CPSI), and a leading provider of electronic health records (EHR) for the post-acute and senior living markets, today announced that Charter Senior Living, LLC, an Illinois based management company, has selected and will be implementing the cloud-hosted EHR Solution from American HealthTech in its new skilled rehab suites opening this spring. Charter Senior Living is a company that is known as a caring and compassionate leader in its field and one that strives to demonstrate commitment to its residents each and every day. They have a proven record of consulting, managing and owning senior living communities across Missouri, Iowa, Tennessee, Kentucky, Illinois, Alabama, Ohio, Florida, Michigan, Georgia, and Maryland.

MOBILE, ALA. (December 7, 2020) – American HealthTech (AHT), a wholly owned subsidiary of CPSI (NASDAQ: CPSI) and a leading provider of electronic health record (EHR) solutions and related services for the post-acute care market, today announced that Priority Management has successfully implemented the AHT EHR solution in all 21 of its locations.

MOBILE, ALA. (July 8, 2020) - American HealthTech (AHT), a wholly owned subsidiary of CPSI (NASDAQ: CPSI) and a leading provider of electronic health record (EHR) solutions and related services for the post-acute care market, today announced the launch of its newest offering, Clinical Decision Support (CDS). This application integrates directly into the workflow of the AHT EHR and provides guidance to clinicians in real time. CDS is designed to reduce errors and improve efficiency by providing intelligently filtered patient information in order to improve patient care and outcomes.

MOBILE, Ala. (May 21, 2020) – CPSI (NASDAQ: CPSI), a healthcare solutions company, today announced that three of its subsidiaries, Evident, TruBridge and American HealthTech, have received top rankings according to the 2020 healthcare survey conducted by Black Book Market Research LLC.

MOBILE, ALA. (May 6, 2020) — American HealthTech (AHT), a wholly owned subsidiary of CPSI (NASDAQ: CPSI) and a leading provider of electronic health records (EHR) for the post-acute care and senior living markets, today announced the availability of the CPSI COVID-19 Toolkit to all AHT customers. The toolkit was created in partnership with QliqSOFT, a technology innovation firm, and designed to help alleviate the strain providers are facing due to the impact of COVID-19 on healthcare delivery.

MOBILE, ALA. (December 5, 2019) — American HealthTech (AHT), a wholly owned subsidiary of CPSI (NASDAQ: CPSI) and a leading provider of electronic health records (EHR) for the post-acute and senior living markets, today announced that Seminole Hospital District has selected the cloud-hosted EHR solution from American HealthTech to replace their existing system in Memorial Health Care Center, a 79 bed post-acute facility located in Seminole, Texas. Once live in their post-acute center in January 2020, Seminole Hospital District will have healthcare technology solutions from the CPSI family of companies across all their care settings, including acute, ambulatory and post-acute.

MOBILE, ALA. (June 20, 2019) —American HealthTech (AHT), a wholly owned subsidiary of CPSI (NASDAQ: CPSI) and a leading provider of electronic health records (EHR) for the post-acute and senior living markets, today announced that Twin Rivers Health and Rehabilitation (Twin Rivers), a recently launched Tennessee-based management company, has selected and implemented the AHT solution across their organization. Twin Rivers owns and manages skilled nursing and rehabilitation facilities across Tennessee.

MOBILE, Ala. (February 14, 2019) – CPSI (NASDAQ: CPSI), a community healthcare solutions company, today announced that its subsidiaries, Evident, TruBridge and American HealthTech, have each received top rankings across six categories, according to Black Book Rankings.

JACKSON, MISS., (October 9, 2018) – American HealthTech (AHT), a wholly owned subsidiary of CPSI (NASDAQ: CPSI) and a leading provider of electronic health records (EHR) for the post-acute and senior living markets, and QliqSOFT, a market leader in secure healthcare communication, are pleased to announce a partnership that will allow caregivers to use integrated Qliq Secure Texting.

JACKSON, MISS., (October 8, 2018) – American HealthTech (AHT), a wholly owned subsidiary of CPSI (NASDAQ: CPSI) and a leading provider of electronic health records (EHR) for the post-acute and senior living markets, is pleased to announce the general availability of their new user experience and two new licensable products that are designed around key clinical workflow.

SUSQUEHANNA, Pa. (December 18, 2017) — American HealthTech (AHT), a member of the CPSI (NASDAQ: CPSI) family of companies, today announced that Barnes-Kasson County Hospital, which serves the community of Susquehanna, Pennsylvania, and the surrounding area, has selected AHT to provide comprehensive electronic health records (EHR) software solutions in a cloud-hosted environment for its skilled nursing facility.

LAKIN, Kan. (August 7, 2017) — American HealthTech (AHT), a wholly owned subsidiary of CPSI (NASDAQ: CPSI), today announced that AHT has been selected to provide comprehensive electronic health records (EHR) software solutions for High Plains Retirement Village. Owned and operated by Kearny County, High Plains Retirement Village and Kearny County Hospital provide healthcare services spanning the full care continuum – including inpatient, clinic and emergency department, along with home health, long-term care and assisted living services.

HUNTSVILLE, ALA., (February 7, 2017) – American HealthTech (AHT), a wholly owned subsidiary of CPSI (NASDAQ: CPSI), today announced that AHT has been selected by Fairview at Redstone Village in Huntsville, Alabama, to provide comprehensive EHR software and revenue cycle solutions along with support and solution hosting. The Alabama nursing home expects to improve productivity and agility while delivering the highest quality of care within the ever-changing skilled nursing industry.

Eldorado, TX, (December 8, 2016) – American HealthTech (AHT), a wholly owned subsidiary of CPSI (NASDAQ: CPSI), today announced that AHT has been selected by Schleicher County Medical Center and Nursing Home in Eldorado, Texas, to provide Medicaid accounts receivable management services and fund the implementation of advanced technology upgrades in the organization’s clinical and business management operations. The Texas nursing home expects to turn improved collection of reimbursement dollars into an updated, comprehensive technology system.

JACKSON, MISS., (November 2, 2016) – American HealthTech (AHT), a wholly owned subsidiary of CPSI (NASDAQ: CPSI) and a leading provider of electronic health records (EHR) for the post-acute and senior living markets, announces the roll-out of its client development partner program, whereby AHT works side-by-side with customers to develop, refine and market-test solutions ahead of commercial launch.

JACKSON, MISS., (October 19, 2016) – American HealthTech (AHT), a wholly owned subsidiary of CPSI (NASDAQ: CPSI) and a leading provider of electronic health records (EHR) for the post-acute and senior living markets, announces the commercial launch of its new senior living solution powered by ALIS, which has over 500 implementations in 38 states. The new AHT solution provides accurate, detailed electronic care records for seniors as they move among assisted living, skilled nursing facilities, continuing care retirement communities, rehabilitation centers and more.

FLORENCE, S.C., (October 17, 2016) – American HealthTech (AHT), a wholly owned subsidiary of CPSI (NASDAQ: CPSI) and a leading provider of electronic health records (EHR) for the post-acute and senior living markets, today announced that it has been selected by Carlyle Senior Care Management Company for its comprehensive suite of information technology products and services. AHT solutions for Carlyle will include a clinical management suite, a resident accounting suite, a financial accounting suite, interface technology with existing systems, and web-based document management. Carlyle operates facilities in six South Carolina communities.

LAS VEGAS, NEV. (March 1, 2016) – Newly-expanded CPSI (NASDAQ:CPSI) has introduced nTrust, a program that makes it possible for community hospitals and skilled nursing facilities to improve financial operations while simultaneously moving into an advanced Electronic Health Records (EHR) solution with no up-front costs. The program was revealed at the HIMSS annual meeting.

MOBILE, ALA. (January 8, 2016) – Computer Programs and Systems, Inc. (NASDAQ:CPSI), a leading provider of healthcare information solutions to rural and community hospitals, today announced that it has completed its acquisition of Healthland Holding Inc. and its affiliates, Healthland Inc., American HealthTech, Inc. and Rycan Technologies, Inc., for approximately $250 million. The combined company will support approximately 1,300 acute care facilities and over 3,300 post-acute care facilities, have annual revenues of $300 million, and have more than 1,900 employees.