February 1, 2023
CPSI Declares Enterprise Unit and Government Management Adjustments

Healthcare Options Chief Shares Strategic Management Updates Following Notable Quarterly Efficiency, Supporting Organizational Transformation and Solidifying Dedication to Improved Entry to Care

CPSI (NASDAQ: CPSI), a healthcare options firm, is happy to announce executive-level adjustments and three new strategic enterprise unit appointments spanning the group, together with income cycle administration (RCM), affected person engagement, and the core digital well being information (EHR). The enterprise unit management adjustments swiftly comply with the appointment of President and Chief Government Officer Chris Fowler. The expertise adjustments assist the bigger organizational transformation past neighborhood hospital info system expertise to a extra complete go-to-market technique devoted to easing the strain and stress that healthcare suppliers expertise to allow them to concentrate on taking good care of individuals and making healthcare extra accessible to all.

Government-level adjustments embody the appointment of Daybreak Severance, who got here to CPSI by the use of the Healthland acquisition in 2016, and who will lead CPSI because the Chief Gross sales Officer (CSO). Daybreak will leverage her expertise in RCM whereas strategically supporting the TruBridge division, which now accounts for practically 60% of the annual income for CPSI. The CSO function will centralize the gross sales operate throughout all enterprise models to construct deeper relationships amongst current shoppers, drive progress, and proceed constructing upon the muse of gross sales excellence throughout the group.

The three newly appointed enterprise unit leaders will collectively report back to 32-year CPSI veteran David Dye, who’s transitioning from the Chief Development Officer to Chief Working Officer (COO) of CPSI. This transition will create a holistic view throughout enterprise models, facilitating transparency and alignment throughout the buying expertise, and advancing operational excellence. David’s function as COO may even oversee enterprise unit assist, providers, and product improvement.

The enterprise unit management appointments embody the next:

  • Patrick Murphy, Normal Supervisor of the RCM enterprise unit
  • Christina Hendricks, Normal Supervisor of the Affected person Engagement enterprise unit
  • David Harse, Normal Supervisor of the EHR enterprise unit, protecting all acuities

Main the RCM enterprise unit because the Normal Supervisor is Patrick (Pat) Murphy. Pat has been with TruBridge since 2011 as Director of Income Consulting Companies, Vice President, and most not too long ago Senior Vice President of TruBridge. Pat is uniquely certified to assist propel the RCM enterprise unit inside CPSI to the subsequent chapter within the group’s evolution and can assist to concentrate on delivering worth to key stakeholders.

Main the affected person expertise enterprise unit of CPSI because the Normal Supervisor is Christina Hendricks. Christina has been with Get Actual Well being for 17 years filling a number of management roles, and most not too long ago served because the Vice President of Operations. Christina’s expertise in each the shopper and company perspective will assist drive CPSI’s technique, execution, and buyer satisfaction initiatives within the affected person engagement market.

Main the EHR enterprise unit of CPSI because the Normal Supervisor is David Harse. Beforehand, David served because the Senior Vice President and Normal Supervisor of Affected person Engagement at Healthmark after spending 20 years at Cerner in varied roles of accelerating accountability. David’s long-standing expertise within the EHR market will supply trade experience and confirmed expertise main double-digit transformational enterprise progress.

“We wish to be sure that CPSI is a trusted enterprise accomplice to our clients and a part of their long-term strategic plan, whether or not that’s streamlining workflows in care supply, augmenting staffing shortages, bettering the affected person expertise, making ready for value-based reimbursement, or the entire above,” stated Chris Fowler, Chief Government Officer of CPSI. “As a market chief, we’ve got witnessed monumental change within the trade all through the years. Right now, we’re making use of our data and experience within the healthcare market – together with crucial affected person experiences and the monetary well being of healthcare organizations. As we proceed to work in the direction of sustainable progress and improved profitability for CPSI, we’re offering our clients the expertise and providers to raised interact sufferers and take away distractions in order that these suppliers can concentrate on offering accessible and high-quality healthcare.”

About CPSI

CPSI is a number one supplier of healthcare options and providers for neighborhood hospitals, their clinics and post-acute care amenities. Based in 1979, CPSI is the guardian of six corporations – Evident, LLC, American HealthTech, Inc., TruBridge, LLC, iNetXperts, Corp. d/b/a Get Actual Well being, TruCode LLC, and Healthcare Useful resource Group, Inc. Our mixed corporations are targeted on serving to enhance the well being of the communities we serve, connecting communities for a greater affected person care expertise, and bettering the monetary operations of our clients. Evident supplies complete EHR options for neighborhood hospitals and their affiliated clinics. American HealthTech is likely one of the nation’s largest suppliers of EHR options and providers for post-acute care amenities. TruBridge focuses on offering enterprise, consulting, and managed IT providers, together with its full RCM resolution, for all care settings. Get Actual Well being focuses on options aimed toward bettering affected person engagement for people and healthcare suppliers. TruCode supplies medical coding software program that permits full and correct code task for optimum reimbursement. HRG supplies specialised RCM options for amenities of all sizes. For extra info, go to www.cpsi.com.

Ahead-Wanting Statements

This press launch accommodates forward-looking statements inside the that means of the “protected harbor” provisions of the Non-public Securities Litigation Reform Act of 1995. These forward-looking statements could be recognized typically by way of forward-looking terminology and phrases comparable to “expects,” “anticipates,” “estimates,” “believes,” “predicts,” “intends,” “plans,” “potential,” “could,” “proceed,” “ought to,” “will” and phrases of comparable that means. With out limiting the generality of the previous assertion, all statements on this press launch referring to the long run success or progress of CPSI’s enterprise are forward-looking statements. We warning buyers that any such ahead wanting statements are solely predictions and should not ensures of future efficiency. Sure dangers, uncertainties and different elements could trigger precise outcomes to vary materially from these projected within the ahead wanting statements. Such elements could embody: the flexibility of the workers mentioned above to drive progress and enhance efficiency of CPSI; the affect of the continuing COVID-19 pandemic and associated financial disruptions which have materially affected CPSI’s income and will materially have an effect on CPSI’s gross margin and revenue, in addition to CPSI’s monetary place and/or liquidity; federal, state and native authorities actions to handle and include the affect of COVID-19 and their affect on us and our hospital shoppers; operational disruptions and heightened cybersecurity dangers as a result of a big share of our workforce working remotely; saturation of our goal market and hospital consolidations; unfavorable financial or market situations which will trigger a decline in spending for info expertise and providers; important legislative and regulatory uncertainty within the healthcare trade; publicity to legal responsibility for failure to adjust to regulatory necessities; competitors with corporations which have better monetary, technical and advertising and marketing assets than we’ve got; potential future acquisitions that could be costly, time consuming, and topic to different inherent dangers; our capability to draw and retain certified shopper service and assist personnel; disruption from periodic restructuring of our gross sales power; potential lack of ability to correctly handle progress in new markets we could enter; publicity to quite a few and sometimes conflicting legal guidelines, rules, insurance policies, requirements or different necessities by way of our worldwide enterprise actions; potential litigation in opposition to us; our reliance on a world workforce which exposes us to varied enterprise disruptions; potential failure to develop new merchandise or improve present merchandise that maintain tempo with market calls for; failure to develop new expertise and merchandise in response to market calls for; failure of our merchandise to operate correctly leading to claims for medical and different losses; breaches of safety and viruses in our techniques leading to buyer claims in opposition to us and hurt to our popularity; failure to take care of buyer satisfaction by way of new product releases freed from undetected errors or issues; failure to persuade clients emigrate to present or future releases of our merchandise; failure to take care of our margins and repair charges; enhance within the share of whole revenues represented by service revenues, which have decrease gross margins; publicity to legal responsibility within the occasion we offer inaccurate claims knowledge to payors; publicity to legal responsibility claims arising out of the licensing of our software program and provision of providers; dependence on licenses of rights, services and products from third events; misappropriation of our mental property rights and potential mental property claims and litigation in opposition to us; interruptions in our energy provide and/or telecommunications capabilities, together with these attributable to pure catastrophe; normal financial situations, together with adjustments within the monetary and credit score markets which will have an effect on the supply and value of credit score to us or our clients; potential lack of ability to safe extra financing on favorable phrases to satisfy our future capital wants; our substantial indebtedness, and our capability to incur extra indebtedness sooner or later; pressures on money stream to service our excellent debt; restrictive phrases of our credit score settlement on our present and future operations; adjustments in and interpretations of economic accounting issues that govern the measurement of our efficiency; important costs to earnings if our goodwill or intangible property develop into impaired; fluctuations in quarterly monetary efficiency as a result of, amongst different elements, timing of buyer installations; volatility in our inventory worth; failure to take care of efficient inside management over monetary reporting; lack of employment or non-competition settlement with most of our key personnel; inherent limitations in our inside management over monetary reporting; vulnerability to important injury from pure disasters; market dangers associated to rate of interest adjustments; and different danger elements described every so often in our public releases and studies filed with the Securities and Change Fee, together with, however not restricted to, our most up-to-date Annual Report on Kind 10-Ok. Relative to our dividend coverage, the fee of money dividends is topic to the discretion of our Board of Administrators and will probably be decided in mild of then-current situations, together with our earnings, our leverage, our operations, our monetary situations, our capital necessities and different elements deemed related by our Board of Administrators. Sooner or later, our Board of Administrators could change our dividend coverage, together with the frequency or quantity of any dividend, in mild of then-existing situations. We additionally warning buyers that the forward-looking info described herein represents our outlook solely as of this date, and we undertake no obligation to replace or revise any forward-looking statements to replicate occasions or developments after the date of this press launch.

CPSI Declares Enterprise Unit and Government Management Adjustments

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