TruBridge(TBRG)

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TruBridge(TBRG) - 2020 Q4 - Earnings Call Transcript
2021-02-10 04:11
Computer Programs and Systems, Inc. (CPSI) Q4 2020 Earnings Conference Call February 9, 2021 4:30 PM ET Company Participants Boyd Douglas - President & Chief Executive Officer Matt Chambless - Chief Financial Officer Chris Fowler - Chief Operating Officer David Dye - Chief Growth Officer Conference Call Participants Drew Anderson - Investor Relations Steve Halper - Cantor Donald Hooker - KeyBanc Joy Zhang - SVB Leerink Sandy Draper - Truist Securities Operator Greetings, and welcome to the CPSI Q4 2020 Earn ...
TruBridge(TBRG) - 2020 Q3 - Quarterly Report
2020-11-09 21:06
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, 2020 ☐ 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 COMPUTER PROGRAMS AND SYSTEMS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 74-3032373 (State or Other Juri ...
TruBridge(TBRG) - 2020 Q3 - Earnings Call Transcript
2020-11-08 04:26
Financial Data and Key Metrics Changes - The company reported total bookings of $21.5 million for Q3 2020, marking a 7% sequential improvement but down 9% year-over-year [11] - Revenues increased nearly $9 million or 15% sequentially, with adjusted EBITDA rising by $4.4 million or 60% [13] - Recurring revenues constituted approximately 83% of total revenues, increasing 7% sequentially but down 1% year-over-year [13][14] Business Line Data and Key Metrics Changes - TruBridge revenues increased 13% sequentially, driven by improved patient volumes, with gross margins improving from 44.6% to 45.3% [14] - System sales and support revenues rose by $5.7 million or 16% sequentially, although they decreased by $600,000 or 1.5% year-over-year [17] - Post-acute segment bookings reached $2.2 million, marking the highest booking period in 15 quarters [11] Market Data and Key Metrics Changes - Patient volumes remain approximately 15% below pre-COVID levels, with some recovery noted in elective procedures [15][36] - The company is experiencing increased adoption of its Get Real Health patient engagement products, with over 0.5 million users engaged in Canada [7] Company Strategy and Development Direction - The company is focusing on long-term recurring revenue growth through SaaS offerings, with over 70% of new Acute Care EHR contracts signed in Q3 being SaaS [11] - A share repurchase program of up to $30 million has been authorized, with the quarterly dividend suspended indefinitely to prioritize capital flexibility [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of patient volumes and the potential for long-term growth despite current challenges [5][8] - The company anticipates providing long-term guidance metrics with the release of full-year 2020 results next quarter [8] Other Important Information - The company has seen a significant increase in TruBridge bookings, up 31% sequentially, although down 24% year-over-year due to tough comparisons [12] - Operating cash flows were $8.1 million, effectively flat year-over-year, with a net reduction in bank debt of $31 million over the past 12 months [20] Q&A Session Summary Question: Can you help us scope the Get Real Health deals in Maryland and Rhode Island? - Management confirmed these are recurring revenues based on a SaaS model, with contracts for a period of 3 years [25] Question: Where are you in terms of consumer strategy using Get Real Health? - The company is working on consolidating patient data from different providers into a single portal, which has received positive feedback [26] Question: Can you remind us about the revenue and margin tied to transactions processed for clients? - Approximately 80% of TruBridge's revenue is transaction-based, with a significant portion also being performance-based [33] Question: What are you seeing in elective procedures across different markets? - Elective services have seen a rebound, particularly in surgical facilities, while ER volumes remain static at 15% to 20% below pre-COVID levels [35] Question: How has the $10 billion targeted to rural hospitals impacted your bookings trends? - The funding has helped build confidence among hospitals to invest in IT and services, which is expected to continue [45] Question: Can you size the Get Real Health business and its U.S. versus international mix? - GRH's contribution was $0.5 million this quarter, with the overwhelming majority of revenue coming from international markets [46][47] Question: What progress has been made on the cloud transition front? - The company expects to finish the year with about 25 net new acute care implementations, with 17 in a SaaS environment, surpassing initial goals [52]
TruBridge(TBRG) - 2020 Q2 - Earnings Call Transcript
2020-08-09 05:50
Computer Programs and Systems, Inc. (CPSI) Q2 2020 Earnings Conference Call August 4, 2020 4:30 PM ET Company Participants John Douglas - President, CEO & Director Matt Chambless - CFO, Secretary & Treasurer Christopher Fowler - COO David Dye - Chief Growth Officer & Director Conference Call Participants Jeffrey Garro - William Blair & Company Donald Hooker - KeyBanc Capital Markets Inc. David Larsen - Verity Research LLC Joy Zhang - SVB Leerink LLC Charlotte Kolb - Deutsche Bank Stan Berenshteyn - Truist S ...
TruBridge(TBRG) - 2020 Q2 - Quarterly Report
2020-08-06 01:37
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 June 30, 2020 ☐ 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 COMPUTER PROGRAMS AND SYSTEMS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 74-3032373 (State or Other Jurisdict ...
TruBridge(TBRG) - 2020 Q1 - Earnings Call Transcript
2020-05-10 08:19
Computer Programs and Systems, Inc. (CPSI) Q1 2020 Earnings Conference Call May 5, 2020 4:30 PM ET Company Participants John Douglas - President, CEO & Director Matt Chambless - CFO, Secretary & Treasurer Christopher Fowler - COO David Dye - Chief Growth Officer & Director Conference Call Participants Jeffrey Garro - William Blair & Company Donald Hooker - KeyBanc Capital Markets James Stockton - Wells Fargo Securities George Hill - Deutsche Bank Sean Wieland - Piper Sandler & Co. Stephanie Davis - SVB Leer ...
TruBridge(TBRG) - 2020 Q1 - Quarterly Report
2020-05-05 21:35
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 March 31, 2020 ☐ 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 COMPUTER PROGRAMS AND SYSTEMS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 74-3032373 (State or Other Jurisdic ...
TruBridge(TBRG) - 2019 Q4 - Annual Report
2020-03-11 20:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2019 OR (251) 639-8100 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: ☐ 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 COMPUTE ...
TruBridge(TBRG) - 2019 Q4 - Earnings Call Transcript
2020-02-12 04:11
Computer Programs and Systems, Inc. (CPSI) Q4 2019 Earnings Conference Call February 11, 2020 4:30 PM ET Company Participants Boyd Douglas - President and Chief Executive Officer Matt Chambless - Chief Financial Officer David Dye - Chief Growth Officer Conference Call Participants Jeff Garro - William Blair & Company Jamie Stockton - Wells Fargo Sean Wieland - Piper Sandler Stan Holtz - SunTrust Eugene Mannheimer - Doughtery & Company Operator Good afternoon, and welcome to the CPSI Fourth Quarter and Year ...
TruBridge(TBRG) - 2019 Q3 - Earnings Call Transcript
2019-11-10 09:16
Computer Programs and Systems, Inc. (CPSI) Q3 2019 Earnings Conference Call November 5, 2019 4:30 PM ET Company Participants Boyd Douglas - President and Chief Executive Officer Matt Chambless - Chief Financial Officer David Dye - Chief Growth Officer Chris Fowler - Chief Operating Officer and President, TruBridge Conference Call Participants Jamie Stockton - Wells Fargo Donald Hooker - KeyBanc Jeff Garro - William Blair & Company Stephanie Demko - Citi David Windley - Jefferies Operator Greetings, and wel ...