Partnership will give small and rural hospitals insights and tools needed to improve care and operations by identifying trends, evaluating performance and measuring results.
MOBILE, Ala.--(BUSINESS WIRE)--Nov. 2, 2016-- CPSI (NASDAQ: CPSI), a leading provider of healthcare information solutions, announces the selection of Logi Analytics, a recognized leader in embedded analytics, to provide meaningful data analytics and clinical and quality reporting capabilities within its Electronic Health Records (EHR) solutions.
“This new offering is one more way we are helping our customers transition to a value-based care delivery model and to proactively manage the health of their communities,” said Boyd Douglas, president and chief executive officer of CPSI. “Instead of offering a bolt-on analytics solution, we are embedding analytics into our EHR solutions, using Logi Analytics, so our customers have access to intuitive, easy-to-use analytics tools that they can use to help improve patient care and outcomes. This innovation will help customers transform their enormous volume of data into manageable and organized segments for decision making.”
Steven Schneider, chief executive officer of Logi Analytics, said, “Our approach is to let software providers, such as CPSI, do what they do best and leave the analytics to Logi. Our platform allows product teams to quickly embed analytics capabilities into their application to deliver real business value to their customers. We are providing CPSI with the development tools, training and support needed so they can build a genius analytics solution that delivers insights in context of the EHR solutions CPSI’s customers are already using.”
Douglas noted that the analytics product development is underway. “Our next critical step is to partner with pilot sites to validate and test these new reporting and analytics tools. Working with our pilot sites throughout this process – before general availability – helps to ensure we deliver real value and meet customer expectations. The business intelligence and dashboard solution, including analytics services and consulting, will be offered through TruBridge, which is a member of the CPSI family. The first phase of our analytics solution is expected to be generally available in the spring of 2017 for our acute care customers that use either the Thrive or Centriq EHR, and soon after for our post-acute care customers with American HealthTech.”
Douglas concluded, “The CPSI family of companies addresses the continuum of community healthcare with IT solutions that span the acute, post-acute and ambulatory care settings. We will continue to collaborate and deliver a broader set of solutions to our expanding customer base that will support their future success in the world of value-based care.”
CPSI is a leading provider of healthcare IT solutions and services for rural and community hospitals and post-acute care facilities. Founded in 1979, CPSI is the parent of five companies – Evident, LLC, TruBridge, LLC, Healthland Inc., American HealthTech, Inc., and Rycan Technologies, Inc. Our combined company is focused on helping improve the health of the communities we serve, connecting communities for a better patient care experience, and improving the financial operations of our customers. Evident provides comprehensive EHR solutions and services for rural and community hospitals. TruBridge focuses exclusively on providing business management, consulting and managed IT services to rural and community healthcare organizations, regardless of their IT vendor. Healthland provides integrated technology solutions and services to small rural and critical access hospitals. American HealthTech is one of the nation's largest providers of financial and clinical technology solutions and services for post-acute care facilities. Rycan provides revenue cycle management and workflow and automation software to hospitals, healthcare systems, and skilled nursing organizations. For more information, visit www.cpsi.com, www.evident.com, www.trubridge.com, www.healthland.com, www.healthtech.net or www.rycan.com.
About Logi Analytics
Logi helps companies embed analytics into the fabric of their organization and products. With Logi, companies can create genius analytic applications that are purpose-built to users’ unique roles and skills, and delivered in the apps they already rely on – enabling anyone to analyze data when and where they need it. More than 1,800 customers worldwide rely on Logi Analytics. The company is headquartered in McLean, Virginia with international offices across Europe. Learn more at LogiAnalytics.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," "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 estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates and future financial results are forward-looking statements. We caution investors that any such forward-looking statements are only predictions and are not guarantees of future performance. Certain risks, uncertainties and other factors may cause actual results to differ materially from those projected in the forward-looking statements. Such factors may include: overall business and economic conditions affecting the healthcare industry, including the potential effects of the federal healthcare reform legislation enacted in 2010, and implementing regulations, on the businesses of our hospital customers; government regulation of our products and services and the healthcare and health insurance industries, including changes in healthcare policy affecting Medicare and Medicaid reimbursement rates and qualifying technological standards; changes in customer purchasing priorities, capital expenditures and demand for information technology systems; saturation of our target market and hospital consolidations; general economic conditions, including changes in the financial and credit markets that may affect the availability and cost of credit to us or our customers; our substantial indebtedness, and our ability to incur additional indebtedness in the future; our inability to generate sufficient cash in order to meet our debt service obligations; restrictions on our current and future operations because of the terms of our senior secured credit facilities; market risks related to interest rate changes; our ability to successfully integrate the businesses of Healthland, American HealthTech and Rycan with our business and the inherent risks associated with any potential future acquisitions; competition with companies that have greater financial, technical and marketing resources than we have; failure to develop new or enhance current technology and products in response to market demands; failure of our products to function properly resulting in claims for losses; breaches of security and viruses in our systems resulting in customer claims against us and harm to our reputation; failure to maintain customer satisfaction through new product releases or enhancements free of undetected errors or problems; interruptions in our power supply and/or telecommunications capabilities, including those caused by natural disaster; our ability to attract and retain qualified customer service and support personnel; failure to properly manage growth in new markets we may enter; misappropriation of our intellectual property rights and potential intellectual property claims and litigation against us; changes in accounting principles generally accepted in the United States; fluctuations in quarterly financial performance due to, among other factors, timing of customer installations; 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. 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.
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Tracey Schroeder, 612-787-3125
Chief Marketing Officer