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.
With the selection of AHT, Kearny County, located about 230 miles west of Wichita, will now partner with the CPSI-family of healthcare IT companies to deliver integrated EHR solutions and services across the acute, ambulatory and post-acute care settings to the community of Lakin and the surrounding area. Kearny County uses the Evident EHR solution, Thrive, in the hospital setting, and utilizes TruBridge consulting services across the organization, completing the full care spectrum within the CPSI family of companies. AHT will deliver clinical management, point of care and resident accounting solutions to High Plains Retirement Village.
The Kansas nursing facility looks to improve integration and increase both productivity and agility, allowing their providers to deliver the best quality care to the residents and communities they serve.
Susan Stingley, chief nursing officer of Kearny County Hospital, said that their positive experience with Evident was one of the reasons they initially considered American HealthTech for their nursing facility, but as they completed a thorough EHR review, it was the solution and its capabilities that stood out.
“The solution we were using met our basic needs, but we needed an EHR that would provide greater efficiencies and more robust reporting capabilities,” said Stingley. “An added benefit of transitioning to AHT was the integration with the Evident EHR, Thrive, which will help ensure a much smoother transition.
“The AHT solution proved to be intuitive and easy to use, with processes like signing off on physician orders being very easy to complete. We find that the less time our providers spend in front of the computer, the more time they can spend with our residents, which leads to providing better care and an improved overall experience.”
Boyd Douglas, president and chief executive officer of CPSI, said, “We are pleased to bring our integrated solutions across the acute, ambulatory and post-acute care settings to the community of Kearny County. Helping to create healthier, financially stronger and more vital communities – like Kearny County – is what CPSI and our family of companies work hard to do every day.”
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 its 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, or www.healthtech.net.
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, the Company’s level of recurring and non-recurring revenue and backlog, the Company’s shareholder returns 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 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.