CPSI (NASDAQ: CPSI), a community healthcare solutions company, announced today that Trace Regional Hospital has selected the fully integrated cloud-hosted Evident electronic health record (EHR) solution, which includes both a clinical and a financial suite of products, along with the Evident provider EHR to support improved ambulatory care in its three affiliated clinics. In addition, Trace Regional Hospital purchased Remittance Management, Eligibility Verification and Medical Necessity Checking, part of the Revenue Cycle Management (RCM) product suite offered through CPSI subsidiary, TruBridge.
The 84-bed hospital, based in Houston, Mississippi, and part of Sunlink Health Systems, provides both inpatient and outpatient care services to its surrounding community. Prior to selecting Evident, Trace Regional Hospital was running separate systems in its hospital and clinics. Lack of system integration between these two key care settings created inefficiencies for its clinical staff, affecting interactions with patients at various points of care.
Once live, physicians and nurse practitioners will have access to one complete patient record in both the clinic and hospital, resulting in a better flow of information between care settings. Additionally, the Evident system will improve efficiencies for providers, with patient data that is more easily accessible and aligned to specific workflows, fostering better decision making and an overall improved patient care experience.
With TruBridge, integration with the Evident EHR will give the business office at Trace Regional Hospital the ability to better align care services to patient billing and insurance eligibility, resulting in improved cash flow, greater speed of payment and ultimately more efficient financial operations at its facility.
According to Sheila Brockman, chief executive officer at Trace Regional Hospital, “It was time to better enable our clinics, hospital, and business office staff with the tools they need to put their best foot forward. With a total of nine providers and certified nurse practitioners serving approximately 16,000 residents, it is critical to have advanced technology to effectively manage the health of our community. We found that capability – and more – with Evident and TruBridge.”
Trace Regional Hospital’s associated skilled nursing facility, Floy Dyer Care & Rehabilitation Center, has also been a long-term client of another CPSI company, American HealthTech, utilizing its post-acute EHR.
According to Boyd Douglas, president and chief executive officer of CPSI, “It is a privilege to help our customers advance healthcare delivery across the entire care continuum for the communities they serve. There is no better example than our partnership with Trace Regional Hospital and the product innovation delivered through the CPSI family of companies.”
CPSI is a leading provider of healthcare solutions and services for community hospitals, their clinics and post-acute care facilities. Founded in 1979, CPSI is the parent of four companies – Evident, LLC, American HealthTech, Inc., TruBridge, LLC, and iNetXperts, Corp. d/b/a Get Real Health. 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 clients. Evident provides comprehensive EHR solutions for community hospitals and their affiliated clinics. American HealthTech is one of the nation’s largest providers of EHR solutions and services for post-acute care facilities. TruBridge focuses on providing business, consulting and managed IT services, along with its complete RCM solution, for all care settings. Get Real Health focuses on solutions aimed at improving patient engagement for individuals and healthcare providers. For more information, visit www.cpsi.com.
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 Evident and TruBridge to successfully partner with Trace Regional 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 Evident’s EHR solution to create clinical efficiencies and improve decision-making and TruBridge’s RCM solution to improve cash flow at Trace Regional 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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