CPSI and PointClickCare Announce Exclusive Referral Partnership for TruBridge RCM Services to Skilled Nursing Facilities
17 Janeiro 2024 - 11:05AM
Business Wire
CPSI (NASDAQ: CPSI), a healthcare solutions company, today
announced that the Company and PointClickCare, a leading healthcare
technology platform enabling meaningful collaboration and access to
real‐time insights, have entered in a referral partnership whereby
PointClickCare will exclusively refer TruBridge, revenue cycle
management (RCM) solution, to their skilled nursing clients seeking
outsourced RCM solutions.
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Chris Fowler, president and chief executive officer of CPSI,
stated, “This exclusive referral partnership brings together two
leaders with the similar goal of creating more efficiencies for
healthcare organizations. Skilled nursing facilities are not immune
to staffing challenges and the pressure that comes with managing
resources and the financial health of their facilities. This market
remains largely underpenetrated, however, skilled nursing
facilities will ultimately benefit by outsourcing part or all of
the RCM process. This partnership will provide the skilled nursing
facilities and care teams that leverage PointClickCare, a clear
choice for a trusted RCM partner in TruBridge,” added Fowler.
Dave Wessinger, chief executive officer and co-founder,
PointClickCare, stated, “Our Marketplace Partners provide
world-class technology and share our deep commitment to ensuring
our customers have access to the most powerful, efficient, and
effective solutions. This partnership aligns well to address an
increasing demand from skilled nursing facilities to get paid
quickly and accurately for their services. We look forward to a
successful partnership with TruBridge to further extend our
customers’ technology capabilities and help them eliminate
inefficiencies and improve the financial health of their
business.”
The news of this exclusive partnership immediately follows CPSI
announcing the divestment of American HealthTech to PointClickCare.
CPSI acquired American HealthTech in 2016, which provided the
TruBridge team invaluable experience and understanding of the
unique needs in the post-acute market. Leveraging this tenure and
experience, TruBridge’s talented RCM team and HFMA Peer Reviewed
services are a great fit for PointClickCare’s skilled nursing
facility customers.
Fowler added, “It is very clear that RCM is part of our future
growth as healthcare organizations will increasingly look to
outsource part or all their RCM process to trusted partners like
TruBridge to simplify their revenue cycle needs. We are thrilled to
have found the right long-term home for the AHT customer base in
PointClickCare, and remain committed to supporting these same
customers with our proven RCM solutions that improve the financial
health of healthcare organizations.”
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 PointClickCare
PointClickCare is a leading healthcare technology platform
enabling meaningful collaboration and access to real‐time insights
at every stage of the patient healthcare journey. PointClickCare’s
single platform spans the care continuum, fostering proactive,
holistic decision‐making and improved outcomes for all. Today,
PointClickCare enables care collaboration and value-based care
delivery for millions across North America connecting more than
27,000 long‐term and post‐acute care providers, over 3,100
hospitals and health systems, over 3,600 ambulatory clinics, every
major U.S. health plan and over 70 state and government agencies
use PointClickCare, enabling care collaboration and value‐based
care delivery for millions across North America.
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 anticipated benefits of an exclusive referral partnership to
PointClickCare and CPSI, together with other statements regarding
PointClickCare and CPSI 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 PointClickCare and CPSI based upon currently available
information and are not guarantees of future performance. Certain
risks, uncertainties and other factors may cause the companies’
actual results, performance or plans to differ materially from
those projected in the forward‑looking statements. Such factors may
include: risks associated with the referral partnership, including
that the use of TruBridge’s RCM solution by PointClickCare’s
skilled nursing facilities might not increase the facilities’
ability to get paid quickly and accurately for their services; the
partnership with TruBridge might not extend PointClickCare’s
customers’ technology capabilities or help them eliminate
inefficiencies and improve the financial health of their business;
the possibility that if the companies do not achieve the perceived
benefits of the referral partnership as rapidly or to the extent
anticipated by financial analysts or investors, the market price of
CPSI’s common stock could decline; and other risk factors described
from time to time in CPSI’s public releases and reports filed with
the Securities and Exchange Commission, including, but not limited
to, CPSI’s most recent Annual Report on Form 10-K and its 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240116908516/en/
CPSI CONTACT: Tracey Schroeder Chief Marketing Officer
tracey.schroeder@cpsi.com (251) 639-8100
PointClickCare CONTACT: Nicole Das Media Relations
PointClickCare@pancomm.com
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