American HealthTech Selected by Carlyle Senior Care Management for Information Technology Solutions
October 17 2016 - 10:00AM
Business Wire
AHT Will Supply EHR and Management Technology
for Six-Facility System in South Carolina
American HealthTech (AHT), a wholly owned subsidiary of CPSI
(NASDAQ: CPSI) and a leading provider of electronic health records
(EHR) for the post-acute and senior living markets, today announced
that it has been selected by Carlyle Senior Care Management Company
for its comprehensive suite of information technology products and
services. AHT solutions for Carlyle will include a clinical
management suite, a resident accounting suite, a financial
accounting suite, interface technology with existing systems, and
web-based document management. Carlyle operates facilities in six
South Carolina communities.
Braxton Barnette, Carlyle's Vice President/Chief Financial
Officer, said, "We are in the midst of a major technology upgrade
to coordinate both care and financial management of our system. We
chose AHT for two important reasons – their superior set of
solutions on both the clinical and financial sides of our
organization and their partnership approach to doing business.
We're excited to implement this set of AHT technology solutions
that will move our organization forward in terms of
patient/resident care, efficiency and financial performance."
Teresa Chase, president of American HealthTech, said, "The
Carlyle network of senior care facilities is utilizing AHT's
comprehensive implementation process, including business process
optimization and onsite training. We are partnering with the
Carlyle team to identify and implement best practice solutions that
will create efficiencies across their organization."
About CPSI
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 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 American HealthTech
Headquartered in Jackson, MS, and with offices in Denver, CO,
American HealthTech (AHT) is a premier provider of integrated
solutions to the skilled nursing industry to help organizations
achieve data-driven clinical and financial improvements. Its
solutions delivered to clients include software, professional
services and interoperability connections. AHT is part of the CPSI
family of healthcare IT solutions. For more information, visit
www.healthtech.net.
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 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161017005339/en/
American HealthTechTracey Schroeder, 612-787-3125Chief Marketing
Officertracey.schroeder@cpsi.com
Computer Programs and Sy... (NASDAQ:CPSI)
Historical Stock Chart
From Apr 2024 to May 2024
Computer Programs and Sy... (NASDAQ:CPSI)
Historical Stock Chart
From May 2023 to May 2024