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.
In addition to its post-acute nursing home, Redstone Village offers independent living, assisted living, memory support and rehabilitation services on its campus in Huntsville, which is located roughly 100 miles north of Birmingham.
“Both our Director of Nursing and I had prior experience with AHT, and we were impressed with how they have aligned their product to meet the continuing changes and needs of our industry,” said Vicki NeSmith, administrator of Fairview at Redstone Village. “Their turn-key hosting options and willingness to work with us and our existing hardware made our decision an easy one, and their in-person, on-site implementation and unlimited application support helped set them apart.
“AHT was able to bring a personal touch to the decision-making process by visiting the facility to view each existing desktop and kiosk in order to ensure compatibility with the AHT solution. Coupled with the fact that the provider-centered user interface simplifies kiosk interaction, Fairview at Redstone Village was pleased. AHT really went the extra mile to ensure our hardware would work with their software, which shows their dedication to our success,” added NeSmith.
Teresa Chase, president of AHT, said, “We are privileged to partner with Fairview Skilled Nursing, and we appreciate their forward-thinking nature. They understand the need for strong, integrated EHR and revenue cycle solutions that will keep them ahead of the curve. We continually strive to provide our clients with the products and partnership that will guide them through the ever-changing needs of this industry.
“Medical charting technology is part of AHT’s complete and integrated clinical, financial and revenue cycle solution for post-acute and senior living organizations. Physician and nursing notes, lab results, prescription information, billing history, immunization records and more are quickly, easily and accurately charted into the system, saving time and resulting in a much more efficient and person-centered experience. We are pleased that our partners at Fairview at Redstone Village can now take advantage of this technology,” added Chase.
About CPSI
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, www.evident.com, www.trubridge.com, www.healthland.com, www.healthtech.net or www.rycan.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, 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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