Welcome to our dedicated page for TruBridge news (Ticker: TBRG), a resource for investors and traders seeking the latest updates and insights on TruBridge stock.
TruBridge, Inc. (TBRG) is a prominent provider of comprehensive healthcare solutions tailored for community hospitals, clinics, and various other healthcare systems. The company specializes in services such as Electronic Health Records (EHR), Revenue Cycle Management (RCM), Population Health, and Data Management. These services are designed to enhance operational efficiency, improve patient care, and streamline administrative processes within healthcare institutions.
The company operates through three main segments:
- Revenue Cycle Management (RCM): This is the largest revenue-generating segment for TruBridge. It encompasses services that manage the financial processes associated with patient care, from appointment scheduling and billing to insurance claim processing and payment collection.
- Electronic Health Records (EHR): TruBridge provides robust EHR systems that facilitate the digitization and management of patient health records, ensuring secure and efficient access to health information.
- Patient Engagement: This segment focuses on tools and services that enhance communication between patients and healthcare providers, promoting better patient involvement in their own care.
TruBridge's innovative solutions and dedication to improving healthcare operations have led to significant achievements and partnerships with various healthcare institutions. Their current projects include the development of next-generation data management systems and population health analytics tools aimed at predictive healthcare insights.
Financially, TruBridge is known for its stable growth and profitability, driven primarily by the success of its RCM segment. The company's commitment to leveraging technology in healthcare continues to position it as a key player in the industry.
TruBridge (NASDAQ: TBRG) announced its participation in the Stephens 2024 Annual Investment Conference in Nashville, Tennessee, scheduled for November 19-21, 2024. President and CEO Chris Fowler and CFO Vinay Bassi will conduct a fireside chat presentation on Wednesday, November 20, 2024, at 2:00 p.m. Central Time. Investors can access the presentation through a live audio webcast available on the investor relations section of TruBridge's website.
TruBridge (NASDAQ: TBRG) reported Q3 2024 financial results with total revenue of $83.8 million, up from $82.7 million year-over-year. Financial Health revenue reached $54.3 million, representing 64.7% of total revenue. The company reported a GAAP net loss of $(9.8) million and adjusted EBITDA of $13.8 million. Total bookings increased to $21.0 million from $15.0 million. The company announced organizational changes, including the retirement of COO David Dye effective December 31, 2024. For Q4 2024, TruBridge expects revenue between $83.5-85.5 million and adjusted EBITDA of $13.5-14.5 million.
TruBridge (NASDAQ: TBRG) has scheduled its Q3 2024 earnings conference call for Friday, November 8, 2024, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). The company will release its financial results for the quarter ended September 30, 2024, after market close on Thursday, November 7, 2024. Investors can access the teleconference by dialing (877) 407-0890. A live broadcast will be available on the company's website, with a 30-day replay option available after the call.
Guidewire (NYSE: GWRE) has announced the appointment of Mark Anquillare to its Board of Directors, effective September 23, 2024. Anquillare, a veteran P&C insurance analytics leader, brings deep industry expertise to Guidewire's board. He previously served as president and chief operating officer of Verisk Analytics (Nasdaq: VRSK) until January 2023, and was Verisk's CFO from 2007 to 2016, leading the company through its 2009 IPO.
Michael Keller, chairman of Guidewire's board, expressed enthusiasm about Anquillare's appointment, highlighting the company's position as a trusted platform for P&C insurers globally. Keller emphasized Guidewire's focus on embedding data, analytics, and AI throughout insurers' core operations to drive smarter risk and claims decisions. Anquillare's experience is expected to provide valuable insight as Guidewire pursues this mission.
TruBridge (NASDAQ: TBRG), a healthcare solutions firm, reported its Q2 2024 results. Key highlights include:
- Total bookings of $23.3 million, up from $21.0 million year-on-year
- Total revenue of $84.7 million, slightly higher than $84.6 million in Q2 2023
- Revenue Cycle Management (RCM) revenue at $54.1 million, representing 63.9% of total revenue, up from $47.8 million
- GAAP loss per diluted share of $(0.34), compared to $(0.20) last year
- Non-GAAP earnings per diluted share of $0.16, down from $0.40
- Adjusted EBITDA increased to $12.6 million from $11.2 million
CEO Chris Fowler expressed satisfaction with the quarterly performance, highlighting strong bookings momentum and improved cash flow. TruBridge reiterated its financial guidance for Q3 and full year 2024.
TruBridge (NASDAQ: TBRG), a healthcare solutions company, has announced its plans to release second quarter 2024 financial results on Thursday, August 8, 2024, after market close. The company will host a conference call at 4:30 p.m. Eastern Time on the same day to discuss the results. Interested parties can access the call by dialing (800) 715-9871 and requesting connection to the TruBridge earnings conference call. Additionally, a live broadcast will be available on the company's website, www.trubridge.com. A 30-day online replay of the call will be accessible approximately one hour after the live broadcast concludes.
TruBridge (NASDAQ: TBRG) has achieved HFMA Peer Reviewed status for its Complete Business Office solution for the fourth consecutive year and its Revenue Cycle Management solution for the seventh consecutive year. The company's Medical Coding Services also holds this status for 2024. TruBridge is the only company with three distinct HFMA peer reviewed solutions.
The HFMA Peer Review process involves a rigorous 11-step evaluation, including third-party assessment and a panel review. This recognition highlights TruBridge's commitment to providing top-tier, HIPAA-compliant solutions for community health systems, focusing on accuracy, efficiency, and reliability in improving the financial health of healthcare organizations.
TruBridge (NASDAQ:TBRG) has been ranked as a top provider in the 2024 Black Book Research user survey. This recognition underscores TruBridge's excellence in end-to-end Revenue Cycle Management (RCM) and its top performance in Outsourcing for Hospitals Under 100 Beds and Community Hospital Inpatient Accounting Systems.
Based on feedback from 6,771 health system leaders, the survey identifies top-performing vendors in financial technology administration. TruBridge's commitment to delivering robust RCM solutions has been highlighted, particularly for community healthcare providers facing labor shortages and financial pressures. Chris Fowler, CEO of TruBridge, emphasized the company's dedication to addressing these challenges through innovative services and technologies.
TruBridge (NASDAQ:TBRG), a healthcare solutions company, announced its participation in the Stifel Cross Sector Insight Conference. The event will take place on June 4-5, 2024, at the InterContinental Boston in Massachusetts.
Chris Fowler, the CEO, and Vinay Bassi, the CFO, will deliver a fireside chat presentation on June 5, 2024, at 1:50 p.m. Eastern Time.
Investors can access the live audio webcast via the investor relations section of TruBridge's website.
TruBridge (NASDAQ: TBRG), a healthcare solutions company, has earned the 'Peer Reviewed by HFMA®' designation for its Medical Coding Services from the Healthcare Financial Management Association (HFMA). This recognition follows a rigorous, 11-step evaluation of its solution, which includes assessments from current customers, non-purchasing prospects, and industry experts. TruBridge's HIPAA-compliant coding service guarantees 95% accuracy and is currently utilized by 135 hospitals and health systems. The award highlights TruBridge's commitment to improving the financial health of healthcare organizations, particularly in rural areas. This is the third solution from TruBridge to receive this designation.
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