News | August 5, 2020

CPSI Aligns With Google Cloud To Support Innovation And Enhance Product Delivery And Performance

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

CPSI (NASDAQ: CPSI), a community healthcare solutions company, today announced that the Company is working with Google Cloud to utilize its cloud platform services. This transition will leverage Google Cloud’s platform to support CPSI’s ongoing product innovation and speed‑to-market with new offerings and enhance performance for existing applications delivered by the CPSI family of companies.

Leveraged across acute, ambulatory and post-acute care settings, the efficiencies gained with moving to Google Cloud’s platform are intended to make system training and delivery of enhancements much easier for clients, which, considering the resource constraints and pressures that are prevalent today in healthcare, is critical to their success.

John D. Helvey, chief information officer at Orchard Hospital in Gridley, California, was impressed with the transition to Google Cloud’s platform. “We have definitely seen a positive impact, especially with our providers that have experienced firsthand the performance boost with our Electronic Health Record (EHR) system.”

Helvey’s team was also pleased with the customer support they received during the transition. “Communication between our teams was exceptional, and the entire process took only a few minutes. It was quick and seamless, and there were no technical issues, which speaks well for the use of the system going forward.”

“Google Cloud’s prominence in system architecture supports CPSI’s commitment to delivering product innovation and ongoing system improvements such as enhanced workflows, so providers and other clinicians have the tools they need to deliver quality patient care,” said Robert Cruz, CPSI chief technology officer.

CPSI applications will be deployed via Google Cloud’s platform, which is the cornerstone of CPSI’s product development and delivery strategy going forward.

About CPSI

CPSI is a leading provider of healthcare solutions and services for community hospitals, their clinics and post-acute care facilities. Founded in 1979, CPSI is the parent of four companies – Evident, LLC, American HealthTech, Inc., TruBridge, LLC, and iNetXperts, Corp. d/b/a Get Real Health. Our combined companies are 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 for community hospitals and their affiliated clinics. American HealthTech is one of the nation’s largest providers of EHR solutions and services for post-acute care facilities. TruBridge focuses on providing business, consulting and managed IT services, along with its complete RCM solution, for all care settings. Get Real Health focuses on solutions aimed at improving patient engagement for individuals and healthcare providers. For more information, visit www.cpsi.com.

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 ability of the Google Cloud Platform (GCP) to support CPSI’s ongoing product innovation and speed-to-market with new offerings, and enhance performance for CPSI’s existing applications, 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: risks related to the ability of CPSI to transition clients to the GCP without technical issues; risks related to CPSI’s ability to utilize the GCP to make system training and delivery of enhancements easier for clients; the impact of COVID-19 and related economic disruptions which could materially affect the Company’s revenue, gross margin and income, as well as the Company’s financial position and/or liquidity; actions to be taken by the Company in response to the pandemic; the legal, regulatory and administrative developments that occur at the federal, state and local levels; potential disruptions, breaches, or other incidents affecting the proper operation, availability, or security of the Company’s or its partners’ information systems, including unauthorized access to or theft of patient, business associate, or other sensitive information or inability to provide patient care because of system unavailability; changes in revenues due to declining hospital demand and deteriorating macroeconomic conditions (including increases in uninsured and underinsured patients); potential increased expenses related to labor or other expenditures; and the impact of our substantial indebtedness and the ability to refinance such indebtedness on acceptable terms or at all, as well as risks associated with disruptions in the financial markets and the business of financial institutions as the result of the COVID-19 pandemic which could impact us from a financial perspective. Numerous other risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statements. Such factors include 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 Quarterly Report on Form 10-Q. 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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