COMPUTER PROGRAMS & SYSTEMS INC Stock Price, News & Analysis

CPSI (NASDAQ: CPSI) will release its financial results for the fourth quarter and the year ended December 31, 2020, on February 9, 2021, after market close. A conference call will follow at 4:30 p.m. Eastern Time. Interested parties can access the live broadcast on the Company's website, with a replay available for 30 days after the event.

Founded in 1979, CPSI offers healthcare solutions for community hospitals and clinics, improving patient care and financial operations through its subsidiaries.

CPSI (NASDAQ: CPSI) sponsors a new resource by the Colorado Hospital Association (CHA) aimed at aiding rural healthcare systems in crafting emergency response plans for COVID-19. The playbook, titled Re-Imagining Leadership: A Pathway for Rural Health to Thrive in a COVID-19 World, promotes tailored solutions to meet the unique needs of rural healthcare leaders, enhancing community health. Developed with support from the Farley Health Policy Center and the University of Colorado, this tool is crucial for managing future COVID-19 surges.

Get Real Health, part of the CPSI family, announced its collaboration with One Health Solutions to use its Patient Engagement Platform for addressing substance abuse disorders and chronic health issues in Southwest Pennsylvania. The initiative aims to reduce overdose deaths and ensure compliance with treatment programs. The platform facilitates remote patient monitoring, enabling continuous support through mobile devices. This program not only targets substance abuse but also screens for COVID-19 symptoms, reflecting the increasing need for integrated health solutions in economically challenged areas.

TruBridge, a subsidiary of CPSI, announced a partnership with Crook County Medical Services District (CCMSD), a Wyoming Critical Access Hospital, to implement the nTrust program. This partnership enables CCMSD to enhance its EHR solutions without upfront costs, relying on revenue cycle services. It aims to improve operational efficiency, decision-making, and billing processes, resulting in better revenue predictability and business intelligence. The nTrust model alleviates financial barriers to EHR transitions, supporting improved healthcare delivery.

CPSI (NASDAQ: CPSI) has partnered with QliqSOFT to introduce the COVID-19 Vaccination Assistant chatbot, set for early 2021 release. Designed for healthcare providers, the chatbot aims to streamline vaccination workflows, addressing concerns like vaccine hesitancy with an FAQ module and enabling patients to self-schedule vaccinations. This initiative is part of CPSI's ongoing efforts to enhance patient engagement and maintain business continuity during the pandemic, alongside their previously launched COVID-19 Toolkit.

CPSI's subsidiary, American HealthTech (AHT), announced the successful implementation of its Electronic Health Record (EHR) solution across all 21 locations of Priority Management in Louisiana and Texas. This expansion reflects Priority Management's commitment to streamlining operations and enhancing patient care. AHT will provide integrated applications including Communication Center, Clinical Decision Support, and more, aimed at improving workflow efficiency. CPSI's ongoing investment in AHT aligns with its growth strategy, further bolstering the company’s position in the post-acute care market.

Get Real Health, part of CPSI, has been selected by the Rhode Island Quality Institute (RIQI) to enhance patient engagement through a COVID-19 symptom tracker, funded by the National Science Foundation. This integration will build upon RIQI's existing health information exchange (HIE) platform, allowing healthcare providers to monitor COVID-19 symptoms effectively. The project aims to streamline symptom data for better clinical decision-making and support public health initiatives, especially in underserved communities. This advancement highlights the role of Get Real Health's technology during the ongoing health crisis.

Evident LLC, a subsidiary of CPSI (NASDAQ: CPSI), announced that Townsen Memorial Hospital has chosen its cloud-hosted electronic health record (EHR) solution via a Software-as-a-Service (SaaS) agreement. Townsen will implement the full suite of Evident's clinical and financial applications, alongside TruBridge's Revenue Cycle Management (RCM) products. This integrated solution aims to enhance operational efficiencies, streamline patient data transfer, and improve decision-making capabilities, ultimately maximizing reimbursement and increasing cash flow for Townsen Memorial Hospital.

CPSI (NASDAQ: CPSI) announced its Q3 2020 financial results, reporting total revenues of $68.3 million, a slight decrease from $68.7 million in Q3 2019. GAAP net income rose to $5.3 million ($0.36 per diluted share) from $4.1 million ($0.29 per diluted share) year-over-year. The company's cash from operations remained steady at $8.1 million. For the nine months ending September 30, 2020, total revenues totaled $197.6 million, down from $204.0 million the previous year. Despite the revenue decline, the company reported a significant increase in bookings and net income on improved cash flow performance.