Longtime American HealthTech Customer Cites Innovation and Growth Strategy for Expanded Partnership
December 07 2020 - 11:00AM
Business Wire
American HealthTech (AHT), a wholly owned subsidiary of CPSI
(NASDAQ: CPSI) and a leading provider of electronic health record
(EHR) solutions and related services for the post-acute care
market, today announced that Priority Management has successfully
implemented the AHT EHR solution in all 21 of its locations.
As Priority Management expanded its portfolio of skilled nursing
and assisted living facilities in Louisiana and Texas, they found
themselves at a crossroads. While AHT was initially utilized in 10
of its locations, Priority Management wanted one integrated
solution for all 21 locations and moved forward with evaluating a
variety of healthcare IT vendors. Given the CPSI growth strategy
and ongoing commitment to invest in the AHT solution, a decision
was made to expand its partnership with AHT. As a result, Priority
Management will be adding AHT’s Communication Center, Clinical
Decision Support, Business Intelligence, and Document Import
applications across all 21 of its facilities.
Dorrie Rambo, chief financial officer of Priority Management,
noted that having one system and database made good business sense,
and supported its commitment to streamlining processes while
enhancing the patient and staff experience. “We have a history with
AHT, but ultimately we chose the best system for our organization
and our growth strategy,” said Rambo.
Along with the expanded partnership of utilizing AHT across all
of its facilities, Steven Boulware, managing partner of Priority
Management, stated, “Our team was very impressed with recent
product innovations and advancements in functionality, especially
those supporting workflow efficiencies and better communications
between care teams and patients.”
“We continue to prove that our ongoing commitment to develop
innovative solutions helps our clients work smarter and deliver
patient care more efficiently,” said Boyd Douglas, president and
chief executive officer of CPSI. “As a strategic component of
Priority Management’s growth strategy, we look forward to helping
them continue to improve patient care and efficiency in their
operations.”
About American HealthTech American HealthTech (AHT), a
member of the CPSI family of companies, offers services and
solutions created specifically for skilled nursing and senior
living organizations. As a leading EHR provider to post-acute and
senior living organizations of all sizes, the AHT solution delivers
a seamless flow of information between care settings, resulting in
better coordinated care and improved financial and clinical
outcomes. 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,” “projects,” “targets,”
“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 AHT’s ability to further expand its
partnership with Priority Management after the date of this release
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 AHT to successfully cloud
host Priority Management’s facilities’ data and add applications at
these facilities; the impact of COVID‑19 and related economic
disruptions which have materially affected the Company’s revenue
and could materially affect the Company’s 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 Reports on Form 10‑Q. We also
caution investors that the forward-looking information described
herein represents CPSI’s outlook only as of this date, and CPSI
undertakes no obligation to update or revise any forward-looking
statements to reflect events or development after the date of this
press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20201207005117/en/
American HealthTech Tracey Schroeder Chief Marketing Officer
tracey.schroeder@cpsi.com 612.787.3125
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