Alabama Hospital Chooses TruBridge RCM Product
CPSI (NASDAQ: CPSI) announced that its subsidiary, TruBridge LLC, has been selected by Jackson Hospital and Clinic to implement its Revenue Cycle Management (RCM) suite. Jackson Hospital, a 344-bed not-for-profit facility in Alabama, aims to enhance its financial performance and improve payer opportunities through TruBridge's technology. The partnership is expected to facilitate better denial management and accurate payment validations, ultimately supporting Jackson Hospital's mission to deliver cost-effective care to its community.
- Partnership with Jackson Hospital to implement TruBridge's RCM suite is expected to improve financial performance.
- Enhanced denial and contract management capabilities support better payment validation.
- Potential risks associated with the ability of TruBridge's RCM solution to improve billing processes.
- Economic uncertainties and COVID-19 could adversely impact CPSI's revenues and financial position.
TruBridge LLC, a subsidiary of CPSI (NASDAQ: CPSI), a healthcare solutions company, announced today that Jackson Hospital and Clinic has selected the TruBridge Revenue Cycle Management (RCM) suite of products for its organization. Jackson Hospital is a 344 bed, community not-for-profit hospital, serving Montgomery and the Central Alabama River Region.
Jackson Hospital is excited about its partnership with TruBridge, which will help the hospital fulfill its mission to provide cost-effective care to all members of its community. The TruBridge revenue cycle technology will allow the hospital to recognize and improve payer opportunities, resulting in a more efficient process. Additionally, the analytics and reporting capabilities in the RCM solution will allow Jackson Hospital to monitor progress daily.
“We look forward to using their integrated suite of products to improve our overall financial performance. Specifically, we are eager to leverage components to support a robust denial management and contract management program. This will allow us to validate our payments from payers to ensure we are paid the correct fees for the services that we have provided,” said David Ralston, vice president of revenue cycle at Jackson Hospital.
Chris Fowler, president of TruBridge, said, “Helping healthcare organizations like Jackson Hospital transform their financial results through our modern revenue cycle software is something all of us at TruBridge are passionate about. We understand a financially healthy organization is better able to care for its community.”
About TruBridge
TruBridge, a member of the CPSI family of companies, provides business and consulting services, and an end-to-end Revenue Cycle Management (RCM) solution. With our arsenal of RCM offerings that include a HFMA Peer Reviewed® product and an HMFA Peer Reviewed® complete outsourcing service, TruBridge helps hospitals, physician clinics, and skilled nursing organizations of all sizes become more efficient at serving their communities. For further information visit www.trubridge.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,” “projects,” “targets,” “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 the ability of TruBridge to successfully partner with Jackson Hospital 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: risks related to the ability of TruBridge’s RCM solution to improve billing processes and financial reporting at Jackson Hospital; the impact of COVID-19 and related economic disruptions which have materially affected CPSI’s revenue and could materially affect CPSI’s gross margin and income, as well as CPSI’s financial position and/or liquidity; actions to be taken by CPSI in response to the pandemic; the legal, regulatory and administrative developments that occur at the federal, state and local levels; potential disruptions, breaches, or other incidents affecting the proper operation, availability, or security of CPSI’s or its partners’ information systems, including unauthorized access to or theft of patient, business associate, or other sensitive information or inability to provide patient care because of system unavailability; changes in revenues due to declining hospital demand and deteriorating macroeconomic conditions (including increases in uninsured and underinsured patients); potential increased expenses related to labor or other expenditures; and the impact of our substantial indebtedness and the ability to refinance such indebtedness on acceptable terms or at all, as well as risks associated with disruptions in the financial markets and the business of financial institutions as the result of the COVID-19 pandemic which could impact us from a financial perspective. Numerous other risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statements. Such factors include risk factors described from time to time in CPSI’s public releases and reports filed with the Securities and Exchange Commission, including but not limited to, CPSI’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We also caution investors that the forward-looking information described herein represents CPSI’s outlook only as of this date, and CPSI undertakes no obligation to update or revise any forward-looking statements to reflect events or development after the date of this press release.
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