News

CPSI Highest Rated EHR Vendor for 5th Consecutive Year; Eligible Providers Successfully Attest to Stage 2

MOBILE, Ala.--(BUSINESS WIRE)--CPSI (NASDAQ: CPSI), a leading provider of electronic health record (EHR) systems and services, today announced that it has been recognized as the top ranked inpatient EHR vendor for hospitals under 100 beds by Black Book Rankings. This is the fifth consecutive year CPSI has been recognized as the top overall EHR vendor for small and rural hospitals under 100 beds and critical access hospitals.

“We are very proud to again be recognized by Black Book Rankings,” said Boyd Douglas, President and Chief Executive Officer of CPSI. “Our place at the top of these independent rankings for five years in a row is confirmation from our clients that our system and support have continued to fully meet their needs during this transitional period in healthcare IT. The top of the Black Book rankings in conjunction with our industry leading 2014 Stage 2 Meaningful Use (MU) attestations clearly supports CPSI’s position as the leading EHR vendor for rural and community hospitals.”

CPSI also announced that providers using the company’s Medical Practice EHR platform have successfully attested to MU Stage 2. This announcement comes on the heels of the most recent Centers for Medicare & Medicaid Services report of EHR Products used for MU in which CPSI leads all vendors in successful MU Stage attestations for the Complete EHR/Inpatient/Hospital designation. Douglas commented, “Many of our rural and community hospital clients own or manage their physician practices. Therefore, having a single vendor integrated solution to address both care settings offers them significant advantages in the delivery of patient care as well as operational efficiencies. With the successful attestation to MU Stage 2 by physicians using our ambulatory EHR product, our customers can be confident they will receive not only the inherent benefits of a single vendor solution but the financial ones as well.”

About CPSI

CPSI is a leading provider of electronic health records systems for more than 650 community, rural and critical access hospitals and their 12,000 providers. Founded in 1979, the Company is dedicated to meeting the ever-changing needs of health IT, while optimizing the quality of care for communities in 46 states and the District of Columbia. CPSI provides a complete information and patient care system from business office to bedside combined with comprehensive implementation, training and ongoing support from our staff of approximately 1,350 healthcare and business professionals. CPSI’s wholly owned subsidiary, TruBridge, LLC, focuses exclusively on providing business office, consulting and managed IT services to rural and community healthcare organizations, regardless of their IT vendor. To join the conversation with CPSI, connect with us on Facebook, Twitter (@cpsiehr) and on the CPSI blog. For more information, visit www.cpsi.com or www.trubridge.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; government regulation of the healthcare and health insurance industries; government regulation of our products and customers, including changes in healthcare policy affecting Medicare and Medicaid reimbursement rates and qualifying technological standards; the potential effects of the federal healthcare reform legislation enacted in 2010, and implementing regulations, on the businesses of our hospital customers; the funding uncertainties associated with and potential expenditures required by the American Recovery and Reinvestment Act of 2009 in connection with the adoption of electronic health records; saturation of our target market and hospital consolidations; changes in customer purchasing priorities, capital expenditures and demand for information technology systems; competition with companies that have greater financial, technical and marketing resources than we have; failure to develop new technology and products in response to market demands; fluctuations in quarterly financial performance due to, among other factors, timing of customer installations; failure of our products to function properly resulting in claims for medical losses; changes in accounting principles generally accepted in the United States; breaches of security and viruses in our systems resulting in customer claims against us and harm to our reputation; potential intellectual property claims against us; 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; interruptions in our power supply and/or telecommunications capabilities 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.