For more than 35 years, CPSI has been the leader in providing a fully integrated health information solution to rural and community hospitals. CPSI’s comprehensive EHR, in conjunction with an implementation and support model targeted specifically to the unique needs of rural and community healthcare organizations, has led to CPSI’s position as the leading provider of EHRs for that market. From its initial installation in 1981, CPSI’s client base has grown to more than 650 hospitals in 46 states.
More recently, since the inception of the national EHR adoption initiative under the American Recovery and Reinvestment Act (ARRA) of 2009, CPSI clients have consistently successfully attested to the Meaningful Use objectives at a far higher level than any of its competitors for both Stage 1 and Stage 2 of Meaningful Use. This success has only served to solidify the Company’s position as one of the predominant EHR vendors in the industry and as the acknowledged leader in its market segment.
The success of EHR adoption nationally under the auspices of the ARRA, in conjunction with other recent developments in the healthcare industry, led CPSI to a review of both the brand positioning of its EHR solution and broader market opportunities now presenting themselves. As a result, CPSI came to the conclusion that the creation of a new company offered the best opportunity to meet its strategic initiatives. The Company’s objectives with the creation of Evident are to further define system and support differentiation in its core target market, broaden the positioning scope of its EHR solution and offer a new range of solutions to address current and upcoming needs of rural and community healthcare providers.
“We are in a transitional time for healthcare on a number of levels,” said CPSI President and Chief Executive Officer
Douglas continued, “Also, while we’ve done incredibly well in hospitals under 100 beds, we firmly believe our Thrive EHR fully scales to meet the needs of those community hospitals in the 100-300 bed range, and we have the current clients to prove it. As Evident, we will be making a concerted effort to further penetrate these hospitals with the Thrive solution. With upcoming reimbursement changes, it is apparent these hospitals will be under increased financial pressure. We believe this will make our offering even more attractive to these hospitals as our total cost of ownership compares very favorably to other vendors commonly seen in these hospitals.”
Finally, in addressing plans for CPSI,
CPSI is a leading provider of healthcare solutions for community hospitals. Founded in 1979, CPSI is the parent of two companies –
Evident is a leading provider of patient centered and community focused electronic health record systems for more than 650 community, rural and critical access hospitals and their 12,000 providers. 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
TruBridge helps community healthcare organizations succeed on their path to performance. The company is focused exclusively on providing business, consulting and managed IT services. TruBridge brings years of expertise in delivering effective solutions created for the unique challenges faced by community healthcare organizations. For more information, visit www.trubridge.com.
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,” “confident,” “may,” “continue,” “should,” “will” and words of comparable meaning. Without limiting the generality of the preceding statement, forward-looking statements include all statements other than those made solely with respect to historical fact, including statements with respect to CPSI’s expectations for
President and Chief Executive Officer