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.
Barnes-Kasson County Hospital, located about 120 miles northwest of New York City, expanded their partnership with CPSI and their family of companies to deliver integrated EHR solutions and services across the acute, ambulatory and post-acute care settings. In addition to its skilled nursing facility, Barnes-Kasson provides healthcare services that span the full care continuum, including inpatient, clinic, 24-hour emergency care and rehabilitation services. Along with the Evident EHR solution, Thrive, which is currently deployed in the hospital and clinic setting, AHT now provides the clinical management solutions in a hosted environment for the Barnes-Kasson skilled nursing facility.
Michelle Taylor, administrator for the Barnes-Kasson skilled nursing facility, said that the capabilities of the American HealthTech solution help them meet the ever-increasing government regulations, an important factor in the decision-making process. She said their providers also played an important role in this decision. When they were brought into the product demonstration process, their providers were able to get a good sense of the work flow and the ease of use within the AHT product.
“With the looming government requirements of participation, we needed an EHR that was developed specifically to meet our skilled nursing needs,” Taylor said. “The fact that we will have integration between our acute, ambulatory and post-acute care settings will help ensure a smoother transition, but most importantly, a positive experience for our patients.
“Working with one partner across all of our care settings is a real advantage to us,” added Taylor. “The breadth and depth of the EHR solutions, along with the hosting services, allows us to focus on what we do best – serving our rural community with quality care in a friendly, caring atmosphere.”
Boyd Douglas, president and chief executive officer of CPSI, said, “Partnering with communities like Barnes-Kasson County is very rewarding for all of us at CPSI. We understand that rural healthcare providers and leaders wear many hats in order to deliver quality healthcare to their friends, family and neighbors. Being the one partner that Barnes-Kasson County Hospital can count on every day to help create a healthier, financially stronger and more vital community is what we do best. We are honored that we were awarded this expanded opportunity to support their skilled nursing facility and help make their vision a reality.”
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. 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 potential 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; our ability to remediate a material weakness in our internal control over financial reporting; 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.