STOCK TITAN

COMPUTER PROGRAMS & SYSTEMS INC - CPSI STOCK NEWS

Welcome to our dedicated page for COMPUTER PROGRAMS & SYSTEMS news (Ticker: CPSI), a resource for investors and traders seeking the latest updates and insights on COMPUTER PROGRAMS & SYSTEMS stock.

Computer Programs & Systems Inc (CPSI) is a prominent player in the healthcare technology sector, primarily known for its Electronic Health Record (EHR) systems. CPSI focuses on providing comprehensive IT solutions to rural, community, and critical access hospitals, which often have unique challenges in healthcare delivery. The company's flagship EHR system ensures complete integration of patient data across the healthcare delivery system, improving care delivery and yielding better patient outcomes.

Founded in 1979 and headquartered in Mobile, Alabama, CPSI has been dedicated to enhancing healthcare accessibility and efficiency. The company offers various products and services, including the Thrive EHR system, which is specially tailored for smaller healthcare facilities. CPSI’s solutions encompass a wide range of functionalities such as patient management, clinical management, financial management, and ambulatory solutions.

Recent achievements of CPSI include expanding its customer base and enhancing the capabilities of its EHR systems to meet the evolving needs of the healthcare sector. The company has also been actively involved in partnerships to broaden its service offerings and innovate its technology stack. CPSI’s subsidiary, TruBridge, Inc., provides business, consulting, and managed IT services that further support healthcare organizations in optimizing operations and reducing costs.

Financially, CPSI has demonstrated resilience and steady growth, focusing on enhancing shareholder value while maintaining robust financial health. The company continues to invest in research and development to ensure that its products remain at the forefront of technology and regulatory compliance.

CPSI’s commitment to improving rural and community healthcare, combined with its innovative technology solutions, positions it as a critical contributor to the healthcare IT landscape.

Rhea-AI Summary
CPSI rebrands as TruBridge, Inc., with a new ticker symbol TBRG on NASDAQ. The company aims to provide comprehensive healthcare solutions and extend its legacy of 45 years as a trusted partner. The rebranding signifies a strategic shift towards delivering more value to clients, shareholders, and communities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.54%
Tags
none
-
Rhea-AI Summary
CPSI (NASDAQ: CPSI) reported strong financial results for Q4 and FY 2023, with revenue growth and positive adjusted EBITDA. The company announced a rebrand to TruBridge, reflecting its transformation and enhanced solutions. Despite challenges in 2023, CPSI sees opportunities for growth in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.72%
Tags
-
Rhea-AI Summary
CPSI (NASDAQ: CPSI) will release its Q4 and year-end 2023 financial results on February 29, 2024. A conference call will be held at 4:30 p.m. ET on the same day, with a live broadcast on cpsi.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.92%
Tags
conferences
News
Rhea-AI Summary
CPSI, a healthcare solutions company, rebrands to TruBridge, Inc. with a new ticker symbol TBRG. The rebranding aims to consolidate offerings, enhance market presence, and position for future growth. TruBridge focuses on delivering financial and clinical solutions, leveraging data-driven tools for efficiency and support. The company's commitment to bridging gaps in healthcare and empowering providers remains strong.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.92%
Tags
none
-
Rhea-AI Summary
PointClickCare Technologies has acquired American HealthTech, Inc. from Computer Programs and Systems, Inc. (CPSI) to continue supporting AHT customers. CPSI has decided to divest AHT and discontinue its development. PointClickCare was chosen to take care of AHT’s customers and ensure their success. The acquisition aims to provide AHT customers with best-in-class solutions and access to PointClickCare’s industry-leading products. PointClickCare's integrated platform will deliver real-time, actionable insights at the point of care to facilitate seamless transitions and better post-discharge outcomes for AHT customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.57%
Tags
-
Rhea-AI Summary
CPSI (NASDAQ: CPSI) has entered into an exclusive referral partnership with PointClickCare, a leading healthcare technology platform, to provide TruBridge, a revenue cycle management solution, to their skilled nursing clients. This partnership aims to create more efficiencies for healthcare organizations, particularly skilled nursing facilities, by addressing staffing challenges and financial health management. The partnership follows CPSI's divestment of American HealthTech to PointClickCare, leveraging TruBridge's RCM team and HFMA Peer Reviewed services to serve PointClickCare's skilled nursing facility customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.57%
Tags
partnership
Rhea-AI Summary
CPSI (NASDAQ: CPSI) has divested its subsidiary, American HealthTech, Inc. (AHT), to PointClickCare, a leading healthcare technology platform. The decision to divest AHT and discontinue its development is part of CPSI's ongoing business transformation. The transaction is expected to benefit post-acute care clients and support their objective to continue delivering high-quality care. CPSI remains committed to supporting providers with its RCM and EHR solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.57%
Tags
none
-
Rhea-AI Summary
CPSI (NASDAQ: CPSI) announces participation in Stephens 2023 Annual Investment Conference, featuring a fireside chat presentation by Chris Fowler, president and CEO, accessible via live audio webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.46%
Tags
conferences
-
Rhea-AI Summary
CPSI (NASDAQ: CPSI) announced Q3 2023 results, with $16.2M bookings, $82.7M total revenue, and $(3.6)M GAAP net loss. CEO Chris Fowler cited challenges but remains optimistic about RCM opportunity and recent acquisition of Viewgol.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.46%
Tags
Rhea-AI Summary
CPSI: Vinay Bassi Appointed New Chief Financial Officer, Transition from Matt Chambless. Chris Fowler, CEO, expresses excitement for Bassi's leadership and thanks Chambless for contributions. Bassi brings extensive finance experience from Nielsen Holdings plc and Avaya Inc.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.15%
Tags
management

FAQ

What is the market cap of COMPUTER PROGRAMS & SYSTEMS (CPSI)?

The market cap of COMPUTER PROGRAMS & SYSTEMS (CPSI) is approximately 133.3M.

What does CPSI specialize in?

CPSI specializes in providing Electronic Health Record (EHR) systems and healthcare IT solutions for rural, community, and critical access hospitals.

Where is CPSI headquartered?

CPSI is headquartered in Mobile, Alabama.

What are some products offered by CPSI?

CPSI offers the Thrive EHR system, patient management solutions, clinical management tools, financial management systems, and ambulatory solutions.

How does CPSI improve patient care?

CPSI’s EHR systems ensure complete integration of patient data across the healthcare delivery system, leading to improved care delivery and better patient outcomes.

Who are CPSI's primary customers?

CPSI primarily serves rural, community, and critical access hospitals.

What is TruBridge, Inc.?

TruBridge, Inc. is a subsidiary of CPSI, providing business, consulting, and managed IT services to healthcare organizations.

How has CPSI expanded its offerings recently?

CPSI has expanded its offerings through strategic partnerships and enhancements to its EHR system to meet the evolving needs of the healthcare sector.

What is CPSI’s approach to financial health?

CPSI focuses on maintaining robust financial health and enhancing shareholder value while investing in research and development.

When was CPSI founded?

CPSI was founded in 1979.

What is the significance of CPSI's technology solutions?

CPSI’s technology solutions are crucial for improving healthcare accessibility, efficiency, and outcomes, especially in rural and community settings.

COMPUTER PROGRAMS & SYSTEMS INC

Nasdaq:CPSI

CPSI Rankings

CPSI Stock Data

133.33M
13.50M
4.48%
91.66%
3.17%
Health Information Services
Healthcare
Link
United States of America
Mobile