CPSI to Rebrand as TruBridge, Inc.
22 Febrero 2024 - 9:45AM
Business Wire
New Brand Reflects Company Commitment To Clear The Way For
Care.
CPSI (NASDAQ: CPSI), a healthcare solutions company, today
announced that the Company is rebranding and changing its name to
TruBridge, Inc. (“TruBridge”). In a strategic move to streamline
its offerings, enhance its market presence and position the Company
for future growth, the Company is consolidating its diverse
portfolio of solutions under a unified identity. CPSI will
officially transition to TruBridge on Monday, March 4, 2024, when
its common stock will begin trading on the NASDAQ Stock Market
under its new ticker symbol TBRG.
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the full release here:
https://www.businesswire.com/news/home/20240222312549/en/
The name change reflects the Company’s recent transformation,
leveraging its strengths and expertise to deliver a more cohesive
and comprehensive suite of financial and clinical solutions. With a
singular focus on addressing the technology needs of today’s
complex healthcare environment, TruBridge will continue to deliver
its industry-leading suite of revenue cycle management (RCM)
offerings and utilize data-driven tools and insights that deliver
workflow efficiencies and remove distractions.
With this consolidation, TruBridge brings over four decades of
experience as a trusted partner to healthcare providers, helping
them navigate through a complex and ever-changing industry.
TruBridge has been at the forefront of helping clients across all
care settings to drive improved financial health. Now, TruBridge
will also continue the legacy created by CPSI and the former
Evident electronic health record (EHR) business to support more
efficient care delivery in small, rural community hospitals and
clinics. Importantly, TruBridge is committed to offering the same
exceptional support and high-touch service that its now combined
client base has come to expect.
“As one company, TruBridge is collectively focused on bridging
gaps in healthcare, empowering providers and improving financial
and clinical outcomes through the timely delivery of solutions that
solve real problems in the communities we serve,” said Chris
Fowler, president and chief executive officer of CPSI.
“We embarked on a transformation journey over two years ago to
align our products and services more effectively with market
demand. Following market research with our employees, clients, and
other stakeholders, it was abundantly clear that the TruBridge
brand has a solid reputation and more accurately reflects our
current strategic focus and planned growth trajectory.
“As healthcare organizations increasingly look to outsource
their RCM process, TruBridge is a trusted name that brings the
right experience and expertise to meet their needs. We are
fortunate to have a loyal customer base of healthcare providers who
will continue to benefit from the unmatched value that is
synonymous with the TruBridge brand. We remain steadfast in our
mission to help communities thrive and promote equitable access to
quality healthcare for all. This commitment extends to the over
1,500 clients we serve, our exceptional team of employees, and our
shareholders,” added Fowler.
The Company will be unveiling the TruBridge brand at ViVE®2024
(Booth 1344) taking place on February 25 - 28, 2024, in Los
Angeles, California.
About CPSI
CPSI has over four decades of experience in connecting
providers, patients and communities with innovative solutions that
support both the clinical and financial side of healthcare
delivery. We provide business, consulting, and managed information
technology (IT) services, including our industry leading HFMA Peer
Reviewed® suite of revenue cycle management (RCM) offerings, to
help streamline day-to-day revenue functions, enhance productivity,
and support the financial health of healthcare organizations. Our
patient engagement solutions provide patients and providers with
the critical information and tools they need to share existing
clinical data and analytics that support value-based care, improve
outcomes, and increase patient satisfaction. We support efficient
patient care across an expansive base of community hospitals with
electronic health record (EHR) product offerings that successfully
integrate data between care settings. We make healthcare accessible
through data-driven insights that support informed decisions and
deliver workflow efficiencies, while keeping patients at the center
of care. We are a healthcare solutions company. We clear the way
for care. For more information, please visit www.cpsi.com.
About TruBridge
We are a trusted partner to more than 1,500 healthcare
organizations with a broad range of technology-first solutions that
address the unique needs and challenges of diverse communities,
promoting equitable access to quality care and fostering positive
outcomes. Our industry leading HFMA Peer Reviewed® suite of revenue
cycle management (RCM) offerings combine unparalleled visibility
and transparency to enhance productivity and support the financial
health of healthcare organizations across all care settings.
TruBridge has over four decades of experience in connecting
providers, patients and communities with innovative solutions that
create real value by supporting both the financial and clinical
side of healthcare delivery. Our solutions champion end-to-end,
data-driven patient journeys that support value-based care, improve
outcomes, and increase patient satisfaction. We support efficient
patient care with electronic health record (EHR) product offerings
that successfully integrate data between care settings. Above all,
we believe in the power of community and encourage collaboration,
connection, and empowerment with our customers. We clear the way
for care. For more information, please visit 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 the Company’s ongoing business transformation, including the
anticipated benefits to the Company of rebranding CPSI into
TruBridge, together with other statements regarding the Company
that are not historical facts, are forward-looking statements. We
caution investors that any such forward-looking statements are only
predictions reflecting the best judgement of the Company based upon
currently available information and are not guarantees of future
performance. Certain risks, uncertainties and other factors may
cause the Company’s actual results, performance or plans to differ
materially from those projected in the forward-looking statements.
Such factors may include: risks associated with the Company’s
business strategy, including that the Company may not be successful
in pursuing new market opportunities and delivering value to
clients, communities and shareholders; risks related to future
opportunities and plans for the Company following the corporate
name change and rebranding to TruBridge, including uncertainty of
the expected financial performance and results of the Company and
any disruptions making it more difficult to conduct business as
usual or maintain relationships with customers, employees or
suppliers; the inability to retain key personnel; the possibility
that if the Company does not achieve the perceived benefits of the
rebranding as rapidly or to the extent anticipated by financial
analysts or investors, the market price of the Company’s common
stock could decline; 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 and our Quarterly Report on Form
10-Q for the quarter ended March 31, 2023. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240222312549/en/
Tracey Schroeder Chief Marketing Officer
tracey.schroeder@cpsi.com (251) 639-8100
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