Profile: Computer Programs and Systems Inc (CPSI.OQ)
16 Nov 2018
Computer Programs and Systems, Inc. (CPSI), incorporated on March 13, 2002, is a provider of healthcare information technology (IT) solutions for rural and community hospitals, and post-acute care facilities. The Company's segments include acute care EHR, post-acute care EHR, and TruBridge, Rycan, and other outsourcing. Its Acute Care EHR segment consists of acute care software solutions and supports sales generated by its subsidiaries, Evident, LLC (Evident) and Healthland Inc. (Healthland). Its Post-acute Care EHR segment consists of post-acute care software solutions and support sales generated by American HealthTech, Inc. (AHT). Its TruBridge, Rycan, and Other Outsourcing segment primarily consists of business management, consulting and managed IT services sales generated by TruBridge, LLC (TruBridge) and the sale of Rycan Technologies, Inc.'s (Rycan's) revenue cycle management workflow and automation software.
The Company provides, on an integrated basis, enterprise-wide clinical management, access management, patient financial management, health information management, strategic decision support, resource planning management and enterprise application integration solutions to healthcare organizations throughout the United States. Additionally, CPSI provides other IT solutions, including business management services, remote hosting, networking technologies and other related services. As of December 31, 2016, the Company supported approximately 1,300 acute care facilities and over 3,300 post-acute care facilities with a customer base within the domestic rural and community healthcare market. The Company's target market includes rural and community hospitals. In addition to its target market, the Company provides IT services to other entities in the healthcare industry, such as nursing homes, home health agencies and physician clinics.
Acute Care Software Systems
The Company, through its subsidiaries, Evident and Healthland, offers healthcare IT solutions designed to cater to the specific needs of rural and community hospital organizations. Evident provides electronic health record (EHR) solutions, which is sold under the CPSI name, as well as a range of offerings targeted at rural and community healthcare organizations. The Company's EHR solution, Thrive, offers an array of software applications designed to streamline the flow of information to the primary functional areas of rural and community hospitals using its integrated system. Evident's software applications within Thrive are grouped for support purposes according to various functional categories, such as Patient Management, Financial Accounting, Clinical, Patient Care and Enterprise Applications.
Healthland, through its platforms, Healthland Centriq and Healthland Classic, serves rural and community hospitals. Healthland Centriq capabilities include Computerized Practitioner Order Entry (CPOE), Clinical Documentation, Emergency Department, Laboratory, Radiology and Pharmacy. Healthland Classic is designed for both rural and community hospitals and post-acute care facilities. Its products include Financial Accounting, Patient Management and Ambulatory Software Solutions.
Post-Acute Care Software Systems
The Company, through AHT, provides integrated solutions to the post-acute care industry and offers software solutions that promote clinical and financial outcomes for the customers they serve. AHT's long-term care management solutions include Care Management, and Financial and Enterprise Management. Its Care Management helps manage the delivery of quality care, collect and report on resident information and manage compliance risk. Its modules include Work Center, Clinical, Smart Charting Order Administration (Point of Care), Quality Assurance, Therapy Tracking, Supplies Tracking and Disease State Management. Its Financial and Enterprise Management's modules include Accounts Payable, General Ledger, Payroll, Financial Management, Trust Funds and Enterprise Management.
Support and Maintenance Services
The Company provides software application support, hardware maintenance, continuing education and related services pursuant to a support agreement using its LikeMind collaborative support model, after a customer installs Thrive. The services provided to customers using Thrive include total system support, user group, software releases, hardware replacement, cloud EHR, and forms and supplies. Healthland's support approach focuses on learning and training. The Healthland support offering also addresses some of the needs of rural and community hospitals. It offers training and support, including e-learning, virtual classrooms, campus classrooms, online learning tools, and user forum and expert exchange. AHT is focused on Client Portal and Training, Customer Enhancement Council and Annual Customer Symposium.
Business Management, Consulting and Managed Information Technology Services
The Company, through TruBridge, provides services that are grouped into various categories, including Business Management Services, Consulting Services and Managed Information Technology Services. Rycan allows providers and caregivers in hospitals, healthcare systems and skilled nursing organizations to accelerate their revenue cycle through a suite of Web-based solutions designed to improve financial operations and staff productivity and increase reimbursement. Functionalities within the Rycan product and service offerings include Patient Liability Estimates, Eligibility Verification, Claim Scrubbing and Submission, Remittance Management, Denial/Audit Management, Contract Management, and Reporting and Data Mining.
The Company competes with Medical Information Technology, Inc., athenahealth, Inc., Cerner Corporation, MEDHOST, Inc., McKesson Corporation, Allscripts Healthcare Solutions, Inc., Epic Systems Corporation, PointClickCare Corporation, MatrixCare, Inc., HealthMEDX, LLC, Healthcare Resource Group, Inc., Resolution Health, Inc., The Outsource Group Inc., Patient Focus, Inc., ARx LLC, Pioneer Health Services, Inc., Citadel Outsource Group LLC, Patient Matters, LLC, Quality Systems, Inc. and Prognosis Health Information Systems LLC.
Computer Programs and Systems Inc
6600 Wall St
MOBILE AL 36695-4512