MOBILE, Ala.--(BUSINESS WIRE)--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 ...

Computer Programs and Systems, Inc. (NASDAQ:CPSI) Q3 2023 Earnings Conference Call November 8, 2023 4:30 PM ET Company Participants Chris Fowler - President and Chief Executive Officer Matt Chambless - Chief Financial Officer Conference Call Participants George Hill - Deutsche Bank Jeff Garro - Stephens Operator Greetings, and welcome to the CPSI Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presen ...

Nine Months Ended September 30, 2022 We do not believe that any other recently issued but not yet effective accounting standards, if adopted, would have a material impact on our consolidated financial statements. information. EHR implementations include a system warranty that terminates thirty days from the software go-live date, the date which the client begins using the system in a live environment. Deferred Revenue Acquisition of Healthcare Resource Group Software development costs are accounted for in a ...

Computer Programs and Systems, Inc. (NASDAQ:CPSI) Q2 2023 Earnings Conference Call August 9, 2023 4:30 PM ET Company Participants Chris Fowler – President and Chief Executive Officer Matt Chambless – Chief Financial Officer Conference Call Participants Jeff Garro – Stephens George Hill – Deutsche Bank Operator Good afternoon, and welcome to the CPSI Second Quarter 2023 Earnings Conference Call. Leading today’s call are Chris Fowler, President and Chief Executive Officer; and Matt Chambless, Chief Financial ...

Costs to obtain and fulfill contracts related to SaaS and RCM arrangements are included within the "Prepaid expenses and other" and "Other assets, net of current portion" line items on our condensed consolidated balance sheets. The allocation of the purchase price paid for HRG was as follows: | --- | --- | --- | --- | --- | |------------------------------------------------------|-------|-------------------------|-------|-----------------------------| | (In thousands) \nSalaries and benefits | $ | June 30, 2 ...

Computer Programs and Systems, Inc. (NASDAQ:CPSI) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Dru Anderson - Corporate Communications Christopher Fowler - President and CEO Matt Chambless - CFO Conference Call Participants Stephanie Davis - SVB Jeffrey Garro - Stephens George Hill - Deutsche Bank Dru Anderson Good morning and welcome to the CPSI First Quarter 2023 Earnings Conference Call. Leading today's call are Chris Fowler, President and Chief Executive Officer and Matt ...

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (251) 639-8100 (Registrant's Telephone Number, Including Area Code) Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing ...

Revenue Cycle Management (RCM) Performance - RCM bookings increased by $27.7 million, or 136%, in 2022 compared to 2021, driven by strong demand for outsourced RCM services, particularly from the existing EHR customer base[331] - RCM segment revenues increased by $48.6 million, or 37%, to $179.9 million in 2022, while EHR segment revenues decreased by $3.3 million, or 2%, to $139.8 million[282] - Adjusted EBITDA for the RCM segment increased by $6.0 million, or 20%, to $36.2 million in 2022, while EHR segment Adjusted EBITDA decreased by $4.0 million, or 17%, to $19.1 million[282] Patient Engagement Performance - Patient engagement bookings decreased by $5.8 million, or 65%, in 2022 compared to 2021, due to the absence of large international client wins[332] EHR System and Support Costs - Costs of EHR system and sales support increased by $1.3 million, or 2%, in 2021, with Acute Care EHR costs rising by $1.2 million, or 2%, and Post-acute Care EHR costs slightly increasing to $4.9 million[315] - The gross margin on EHR system sales and support decreased to 51% in 2021 from 55% in 2020, due to increased costs of sales and decreased non-recurring revenues[315] Target Market and Customer Base - The company's target market for RCM, EHR, and Patient Engagement solutions includes community hospitals with fewer than 400 acute care beds, with 98% of the acute care hospital EHR customer base comprising hospitals with fewer than 100 beds[230] - The company's post-acute care solutions target approximately 15,500 skilled nursing facilities, which are either independently owned or part of larger management groups[230] Financial and Capital Management - The company's credit agreement restricts its ability to pay dividends, and the Board of Directors indefinitely suspended quarterly dividends in September 2020, aligning with a capital allocation strategy prioritizing flexibility[225] - CPSI had $141.1 million of outstanding borrowings under its credit facilities with Regions Bank as of December 31, 2022, with a potential annual interest expense change of $1.4 million for every 100 basis point change in interest rate[345] - CPSI's cash and cash equivalents were $7.0 million as of December 31, 2022, with a remaining borrowing capacity of $86.3 million under the revolving credit facility, providing adequate resources for the next twelve months[353] - CPSI paid $5.863 million in interest and $4.765 million in income taxes (net of refund) in 2022, compared to $2.817 million and $3.503 million respectively in 2021[425] Financial Position and Performance - CPSI's total assets increased to $430.963 million as of December 31, 2022, from $383.350 million in 2021, driven by growth in software development costs, intangible assets, and goodwill[394] - CPSI's stockholders' equity increased to $231.711 million as of December 31, 2022, from $222.572 million in 2021, primarily due to net income and stock-based compensation[397] - CPSI's net income for 2022 was $15.867 million, contributing to retained earnings of $53.921 million as of December 31, 2022[397] - CPSI's total liabilities increased to $199.252 million as of December 31, 2022, from $160.778 million in 2021, primarily due to an increase in long-term debt[394] - CPSI's current assets increased to $74.559 million as of December 31, 2022, from $68.998 million in 2021, driven by growth in accounts receivable and financing receivables[394] - CPSI's software development costs increased significantly to $27.257 million as of December 31, 2022, from $11.644 million in 2021, reflecting increased investment in technology[394] Internal Controls and Reporting - The company's internal control over financial reporting was assessed as effective as of December 31, 2022, based on the COSO 2013 framework[350] - CPSI realigned its reporting structure in Q4 2022, changing its reportable segments to Revenue Cycle Management (RCM), EHR, and Patient Engagement[402]

Computer Programs and Systems, Inc. (NASDAQ:CPSI) Q4 2022 Earnings Conference Call February 14, 2023 4:30 PM ET Company Participants Dru Anderson - Corporate Communications Christopher Fowler - CEO and President Matt Chambless - CFO Conference Call Participants George Hill - Deutsche Bank Stephanie Davis - SVB Securities Operator Greetings and welcome to CPSI Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-49796 Delaware 74-3032373 (State or Other Jurisdiction of Incorporation or Organization)(I.R.S. Employer Identification No.) 54 St. Emanue ...