TruBridge Inc Stock Price, News & Analysis

TruBridge (NASDAQ: TBRG) has announced its upcoming participation in the KeyBanc Capital Markets Healthcare Forum, scheduled for March 18-19, 2025. The virtual event will feature a fireside chat presentation by the company's President and CEO Chris Fowler, alongside CFO Vinay Bassi, on March 19, 2025, at 3:45 p.m. Eastern Time. Investors can access the live audio webcast through the investor relations section of TruBridge's website.

TruBridge (NASDAQ: TBRG) reported its Q4 and full-year 2024 financial results. The company achieved full-year revenue of $339.2 million and Q4 revenue of $87.4 million. Despite posting a net loss of $23.1 million for 2024, the company reported improved Adjusted EBITDA of $53.1 million, up from $47.6 million in 2023.

Key 2024 achievements include reducing leverage ratio from 4x to 3x, achieving $82.1 million in total bookings, and transitioning 30% of Financial Health CBO clients offshore. Financial Health revenue grew to $216.1 million, representing 63.7% of total revenue.

For 2025, TruBridge projects revenue between $345-360 million and Adjusted EBITDA of $59-66 million. Q1 2025 guidance estimates revenue of $85-88 million with Adjusted EBITDA between $14-16 million.

TruBridge (NASDAQ: TBRG), a healthcare solutions company, has scheduled its Fourth Quarter and Year-End 2024 financial results announcement for Monday, March 10, 2025, after market close. The company will host an interactive conference call at 3:30 PM Central Time (4:30 PM Eastern Time) on the same day.

Investors can join the earnings call by dialing (877) 407-0890 and requesting the TruBridge earnings conference connection. Additionally, a live broadcast will be available on the company's website at www.trubridge.com. A 30-day replay of the conference call will be accessible approximately one hour after the live broadcast concludes.

TruBridge (NASDAQ: TBRG) has been selected as a preferred partner by Cibolo Health to provide revenue cycle management (RCM) technology and services to rural healthcare organizations. The partnership will extend TruBridge's HFMA Peer Reviewed® RCM solutions to members of Cibolo's rural clinically integrated networks (CINs).

The comprehensive RCM solutions include billing, claims management, contract management, denial management, medical claims clearinghouse, patient access, and revenue cycle analysis. With 45 years of expertise, TruBridge offers customizable solutions specifically designed for rural healthcare organizations' financial challenges.

Cibolo CFO Brett Norell emphasized that TruBridge's solutions address the financial challenges faced by rural healthcare organizations, while TruBridge's Financial Health General Manager Merideth Wilson highlighted their focus on supporting community-driven healthcare organizations.

TruBridge (NASDAQ: TBRG) has announced significant board changes and corporate governance initiatives through cooperation agreements with its two largest investors, Pinetree Capital and Ocho Investments. Jerry Canada, former Group President of Harris Computer, and Dris Upitis, Head of Ocho Investments, will join the Board as independent directors effective February 11, 2025.

The Board will expand from seven to nine directors, with seven being independent. The company will propose declassifying the Board at the 2025 Annual Meeting, potentially leading to annual elections for all directors by 2026. Additionally, TruBridge will terminate its stockholder rights plan on February 12, 2025.

Both Pinetree and Ocho have agreed to standstill and voting provisions, along with information-sharing agreements to maintain dialogue with the company. These changes aim to enhance operational effectiveness and support long-term strategy execution.

TruBridge (NASDAQ: TBRG) has announced a strategic partnership with Lady of the Sea General Hospital in southern Louisiana as their new electronic health record (EHR) and revenue cycle management (RCM) provider. The hospital selected TruBridge after a rigorous search process, seeking to improve their technology infrastructure with advanced reporting capabilities and user-friendly systems.

The partnership comes at a important time for Lady of the Sea, which is currently operating from a modular facility after Hurricane Ida caused significant damage to their original building in 2021. A new 78,000 square foot facility is under construction. The collaboration aims to enhance patient care delivery, improve clinical workflows, boost revenue cycle efficiency, and support the hospital's transition to its new facility.

TruBridge (NASDAQ: TBRG) has appointed Merideth Wilson as the new Financial Health General Manager. The Financial Health unit, representing 65% of company revenue with over 2,000 employees, focuses on Revenue Cycle Management (RCM) technology and services for acute and ambulatory settings.

Wilson brings 25 years of healthcare technology leadership experience, including 20 years at Experian, where she most recently served as Executive Vice President and General Manager of Experian Employer Services. In her previous role as Senior VP of Revenue Cycle Solutions, she managed approximately $235 million in annual revenue and led initiatives to offshore 50% of the outsourcing team.

This appointment aligns with TruBridge's recent portfolio consolidation into two primary business units: Financial Health under Wilson and Patient Care under David Harse, who joined from Cerner two years ago to lead the EHR and patient engagement offerings.

TruBridge (NASDAQ: TBRG) announced its participation in the Stephens 2024 Annual Investment Conference in Nashville, Tennessee, scheduled for November 19-21, 2024. President and CEO Chris Fowler and CFO Vinay Bassi will conduct a fireside chat presentation on Wednesday, November 20, 2024, at 2:00 p.m. Central Time. Investors can access the presentation through a live audio webcast available on the investor relations section of TruBridge's website.

TruBridge (NASDAQ: TBRG) reported Q3 2024 financial results with total revenue of $83.8 million, up from $82.7 million year-over-year. Financial Health revenue reached $54.3 million, representing 64.7% of total revenue. The company reported a GAAP net loss of $(9.8) million and adjusted EBITDA of $13.8 million. Total bookings increased to $21.0 million from $15.0 million. The company announced organizational changes, including the retirement of COO David Dye effective December 31, 2024. For Q4 2024, TruBridge expects revenue between $83.5-85.5 million and adjusted EBITDA of $13.5-14.5 million.