Welcome to our dedicated page for TruBridge news (Ticker: TBRG), a resource for investors and traders seeking the latest updates and insights on TruBridge stock.
News about TruBridge, Inc. (NASDAQ: TBRG) centers on its role as a healthcare technology and solutions company serving rural and community hospitals and providers. As a specialist in revenue cycle management (RCM), electronic health records (EHR), analytics, and financial health services, TruBridge generates news that reflects both its operational performance and its broader mission to support local healthcare.
Investors and healthcare professionals following TruBridge news will find regular updates on financial results, including quarterly earnings announcements where the company reports on revenue, segment performance for its Financial Health and Patient Care units, recurring revenue levels, and profitability metrics. These releases are often accompanied by management commentary on progress toward long-term objectives, client satisfaction, and operational initiatives.
TruBridge’s news flow also features strategic partnerships and collaborations. Examples include an expanded, exclusive partnership with RevSpring to integrate patient financial engagement and payment optimization solutions into the TruBridge connected platform, and the launch of the Rural Health Collaborative with The Health Management Academy to support and modernize rural and community hospitals. Such announcements provide insight into how TruBridge is aligning technology, services, and peer collaboration to strengthen hospital sustainability and financial wellness.
Corporate governance and capital structure developments appear in TruBridge news as well, such as the refinancing of credit facilities under the 2025 Credit Agreement, changes in board composition in cooperation with its largest shareholder, and leadership appointments like the Chief Business Officer role. Recognition items, including being named among Modern Healthcare’s Best in Business in the Revenue Cycle Management category, further illustrate how the company is perceived within the healthcare industry.
By monitoring this news page, readers can track TruBridge’s financial reporting, strategic initiatives, partnerships, governance updates, and industry recognition, all within the context of its focus on rural and community healthcare.
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.
TruBridge (NASDAQ: TBRG) has scheduled its Q3 2024 earnings conference call for Friday, November 8, 2024, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). The company will release its financial results for the quarter ended September 30, 2024, after market close on Thursday, November 7, 2024. Investors can access the teleconference by dialing (877) 407-0890. A live broadcast will be available on the company's website, with a 30-day replay option available after the call.
Guidewire (NYSE: GWRE) has announced the appointment of Mark Anquillare to its Board of Directors, effective September 23, 2024. Anquillare, a veteran P&C insurance analytics leader, brings deep industry expertise to Guidewire's board. He previously served as president and chief operating officer of Verisk Analytics (Nasdaq: VRSK) until January 2023, and was Verisk's CFO from 2007 to 2016, leading the company through its 2009 IPO.
Michael Keller, chairman of Guidewire's board, expressed enthusiasm about Anquillare's appointment, highlighting the company's position as a trusted platform for P&C insurers globally. Keller emphasized Guidewire's focus on embedding data, analytics, and AI throughout insurers' core operations to drive smarter risk and claims decisions. Anquillare's experience is expected to provide valuable insight as Guidewire pursues this mission.
TruBridge (NASDAQ: TBRG), a healthcare solutions firm, reported its Q2 2024 results. Key highlights include:
- Total bookings of $23.3 million, up from $21.0 million year-on-year
- Total revenue of $84.7 million, slightly higher than $84.6 million in Q2 2023
- Revenue Cycle Management (RCM) revenue at $54.1 million, representing 63.9% of total revenue, up from $47.8 million
- GAAP loss per diluted share of $(0.34), compared to $(0.20) last year
- Non-GAAP earnings per diluted share of $0.16, down from $0.40
- Adjusted EBITDA increased to $12.6 million from $11.2 million
CEO Chris Fowler expressed satisfaction with the quarterly performance, highlighting strong bookings momentum and improved cash flow. TruBridge reiterated its financial guidance for Q3 and full year 2024.
TruBridge (NASDAQ: TBRG), a healthcare solutions company, has announced its plans to release second quarter 2024 financial results on Thursday, August 8, 2024, after market close. The company will host a conference call at 4:30 p.m. Eastern Time on the same day to discuss the results. Interested parties can access the call by dialing (800) 715-9871 and requesting connection to the TruBridge earnings conference call. Additionally, a live broadcast will be available on the company's website, www.trubridge.com. A 30-day online replay of the call will be accessible approximately one hour after the live broadcast concludes.
TruBridge (NASDAQ: TBRG) has achieved HFMA Peer Reviewed status for its Complete Business Office solution for the fourth consecutive year and its Revenue Cycle Management solution for the seventh consecutive year. The company's Medical Coding Services also holds this status for 2024. TruBridge is the only company with three distinct HFMA peer reviewed solutions.
The HFMA Peer Review process involves a rigorous 11-step evaluation, including third-party assessment and a panel review. This recognition highlights TruBridge's commitment to providing top-tier, HIPAA-compliant solutions for community health systems, focusing on accuracy, efficiency, and reliability in improving the financial health of healthcare organizations.