BALLINGER, Texas--(BUSINESS WIRE)--Evident LLC, a subsidiary of CPSI (NASDAQ:CPSI) and a leading provider of healthcare technology systems and services, today announced that Ballinger Memorial Hospital in Ballinger, Texas, has selected Evident for its Electronic Health Records (EHR) solution. Ballinger Memorial is a Critical Access Hospital that has a service area of more than 630 square miles and serves approximately 8,500 citizens.
The integration of patient and business office records for both hospital and clinic was a primary goal for Ballinger. Rhett Fricke, administrator and chief executive officer of Ballinger Memorial Hospital, said, “We were ready to update our healthcare information technology, and we wanted to work with one partner that is aligned with our current and future community needs. In Evident, we found a single, integrated system that would give us both a complete EHR and improved financial management tools across care settings.”
Fricke explained that his hospital conducted an extensive review of competitors and selected Evident not only because of its EHR, but also because of its excellent record of implementation and support for community and rural hospitals.
“This technology will support the delivery of quality patient care we currently provide to our community through efficient, accurate health records, while sharpening our financial management capabilities. As a result, our community and its healthcare system will be strengthened,” Fricke added.
Boyd Douglas, president and chief executive officer of CPSI, said, “The Ballinger Memorial partnership will begin with the implementation of our comprehensive set of Thrive EHR solutions from Evident. We will also implement the Revenue Cycle Management solution from our TruBridge subsidiary to help maximize reimbursement and increase productivity. We hold a deep commitment to rural community health providers, and we plan to deliver healthcare solutions to Ballinger Memorial that will serve the hospital and its community well into the future.”
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, www.evident.com, www.trubridge.com, www.healthland.com, www.healthtech.net or www.rycan.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.
