Company Website:
http://www.evident.com
JACKSON, Ala. -- (Business Wire)
Evident LLC, a wholly owned subsidiary of CPSI (NASDAQ: CPSI) and a
leading provider of electronic health record (EHR) systems and services,
announced today that Jackson Medical Center, a 35-bed acute care
facility located in Jackson, Alabama, recently selected Thrive,
Evident’s EHR solution, to replace their existing EHR system. The
Alabama-based hospital is now live on nearly the entire suite of Evident
products, including the EHR for hospital, financials and ancillary needs.
For Jackson, a subsidiary of Gilliard Health Service, Inc., the decision
to switch back to Evident and leverage their complete EHR solution was a
financial one, as collections had dropped around 75 percent under their
previous vendor. According to Tom McLendon, chief operating officer for
Gilliard Health Services, this drastic change in collections was
something Jackson couldn’t sustain.
“We went almost six months going from $600 to $700,000 a month in cash
flow to $100 to $150,000 a month in cash flow,” McLendon said. “A
facility of our size would have difficulty maintaining hospital
operations with this type of revenue shift.”
In addition to having prior experience with Thrive at Jackson, located
about 60 miles north of Mobile, sister location Evergreen Medical Center
in Evergreen, Alabama, has been an Evident client for about 25 years,
solidifying their decision to return to Thrive.
McLendon added that returning to Thrive was a positive experience for
his staff. “It was a fairly easy transition,” said McLendon. “The
Evident training and support team wanted this to be easy for us with
minimal disruption for our staff. They bent over backwards to get
everything we needed done in a timely manner.”
“We are pleased to renew our partnership with Jackson Medical Center
with the implementation of our Thrive EHR solution,” said Boyd Douglas,
president and chief executive officer of CPSI. “We understand how
important it is for rural providers to have both successful financial
and patient outcomes as they work to remain viable, and we will work
tirelessly to ensure they have a positive impact on the communities they
serve.”
About CPSI
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 their 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.
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,” “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 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 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; 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170919005328/en/
Contacts:
CPSI
Tracey Schroeder, 612-787-3125
Chief Marketing Officer
tracey.schroeder@cpsi.com
Source: CPSI
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