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.
CPSI, a community healthcare solutions company, will release its financial results for the fourth quarter and year ended December 31, 2021, on February 15, 2022, after market close. A conference call will be held at 4:30 p.m. Eastern Time on the same day, with a live broadcast available on their website www.cpsi.com. A 30-day replay will also be accessible shortly after the live event.
The company provides healthcare solutions for community hospitals and their affiliates, aiming to enhance patient care and operational efficiency.
American HealthTech (AHT), a subsidiary of CPSI (NASDAQ: CPSI), has expanded its partnership with Interhealth, adding AHT's electronic health records and Revenue Cycle Management solutions to 13 post-acute facilities in Oklahoma. The decision to maintain AHT was based on its integration capabilities and product enhancements. Interhealth's corporate biller highlighted the efficiency of a unified system. CPSI's CEO expressed enthusiasm about supporting Interhealth's growth in the evolving post-acute care landscape.
CPSI (NASDAQ: CPSI) reported Q3 2021 revenues of $70.1 million, up from $68.3 million in Q3 2020. GAAP net income stood at $2.7 million or $0.19 per diluted share, a decrease from $5.3 million or $0.36 per diluted share a year earlier. For the nine months ended September 30, 2021, total revenues reached $206.6 million, compared to $197.6 million in the prior year. Cash provided by operations was $1.3 million in Q3 2021, down from $8.1 million. Despite challenges earlier in the year, bookings rebounded to $29.3 million.
CPSI, a community healthcare solutions provider, will release its third-quarter financial results for the period ending September 30, 2021, on November 9, 2021, after the market closes. Following the release, the Company will host a conference call at 4:30 p.m. Eastern Time, which can be accessed via its website. This call provides insights into CPSI's performance and strategic initiatives. Founded in 1979, CPSI's subsidiaries focus on enhancing healthcare delivery and financial operations in community settings. For further information, visit www.cpsi.com.
Evident LLC, a subsidiary of CPSI (NASDAQ: CPSI), has launched a cloud-hosted EHR solution at Girard Medical Center in Kansas. This 25-bed critical access hospital is utilizing Evident's clinical and financial applications to enhance its operations, including inpatient and emergency care. The center also adopted TruBridge's Revenue Cycle Management suite to improve financial performance. Both companies emphasize the importance of modernizing healthcare delivery and financial efficiency in serving local communities.
Get Real Health, part of CPSI (NASDAQ: CPSI), announced an implementation of its patient engagement platform in Achterhoek, Netherlands. This initiative aims to enhance healthcare delivery in the region, striving to achieve the goal of becoming the healthiest area in the country by 2030. The platform, customized to meet regional needs and compliant with the Medmij standard, will allow patients more control over their health data. The expanded rollout follows a pilot with Sensire, the largest elderly care organization in the region.
CPSI reported Q2 2021 revenues of $68.5 million, a 15.8% increase from $59.5 million in Q2 2020. GAAP net income rose to $6.1 million or $0.42 per diluted share, compared to $1.8 million or $0.12 per share last year. Cash from operations was $19.4 million, up from $17.2 million. For the first half of 2021, total revenues reached $136.5 million. The acquisition of TruCode LLC is expected to enhance cross-selling opportunities. Despite COVID-related sales headwinds, CPSI remains optimistic about future growth.
CPSI (NASDAQ: CPSI) has partnered with Medicomp Systems to integrate the Quippe Clinical Data Engine into its electronic health record (EHR) platforms. This collaboration aims to enhance client access to relevant patient information, improving clinical workflows and decision-making. The Quippe technology is designed to deliver problem-oriented views of patient data, thereby supporting CPSI's commitment to value-based care and quality outcomes. Leaders from both companies expressed optimism about the partnership's potential to improve healthcare delivery and patient outcomes.
MOBILE, Ala., July 20, 2021 (GLOBE NEWSWIRE) -- CPSI (NASDAQ: CPSI), a premier provider of community healthcare solutions, will announce its financial results for Q2 ended June 30, 2021, on August 3, 2021, after market closure. The company will conduct a conference call at 4:30 p.m. ET on the same date. A live broadcast of the call will be available on the company's website, www.cpsi.com, with a replay accessible for 30 days post-call.
Founded in 1979, CPSI aims to enhance community health and operational efficiency with its comprehensive healthcare solutions.
CPSI (NASDAQ: CPSI) has acquired TruCode LLC, a provider of software solutions that enhance medical coding efficiency. The acquisition, finalized under a definitive agreement dated May 12, 2021, was funded via cash reserves and borrowing capacity. TruCode's 99% recurring revenue model and 95% customer retention rate strengthen CPSI's recurring revenue growth strategy. The integration aims to boost EBITDA margins by approximately 130 basis points and potentially add $1 million in adjusted EBITDA. CPSI plans to leverage TruCode's offerings across its existing TruBridge solutions to improve financial operations for healthcare organizations.
FAQ
What is the market cap of COMPUTER PROGRAMS & SYSTEMS (CPSI)?
What does CPSI specialize in?
Where is CPSI headquartered?
What are some products offered by CPSI?
How does CPSI improve patient care?
Who are CPSI's primary customers?
What is TruBridge, Inc.?
How has CPSI expanded its offerings recently?
What is CPSI’s approach to financial health?
When was CPSI founded?
What is the significance of CPSI's technology solutions?
