December 12, 2011 at 10:00 AM EST
Computer Programs and Systems, Inc. Announces Rollout of New System Platform
Computer Programs and Systems, Inc. (NASDAQ: CPSI), a leading provider of electronic medical records systems to rural and community hospitals, today announced that, with the availability of the Version 18 Software Enhancement release, the CPSI System has migrated to a new operating platform. In conjunction with the release of this new technology, the Company also unveiled a new corporate logo and new website at www.cpsinet.com.
“The success that CPSI has enjoyed for a number of years is attributable to several factors, one of which has been our ability to deliver a system to our customers based on advanced technology while still being highly reliable and cost effective,” said Boyd Douglas, President and Chief Executive Officer of CPSI. “This latest initiative is a continuation of our commitment to incorporate the best open source technologies in our development efforts that provide substantial benefits to our users. With this latest release representing a significant evolution in our system development, we believed it was the perfect opportunity to introduce a new corporate identity that better represents our EMR system and also better defines the Company we are today with a broad range of system and services offerings.”
The new system platform features a Linux operating system, an open source SQL compliant database, Java, and a cross-platform user interface (UI). This platform allows CPSI to provide its customers with an extensive range of capabilities to enhance IT operations and implement other new complementary technologies such as rules-based customization and access from iOS, Android, Windows, Mac and Linux-based devices. In fact, with the Version 18 release, the CPSI System is now iPad compatible and CPSI’s physician applications already incorporate rules-based customization, providing a user experience that meets the unique needs of each individual physician. The SQL compliant database allows CPSI clients to efficiently mine the mass of clinical data now being captured by their EMR system to meet both their internal demands and regulatory and interoperability requirements as well. As part of CPSI’s standard enhancement process, all existing CPSI customers have been and will continue to receive the SQL compliant database at no additional cost.
The new logo is a reflection of both the continual advancement in system technology reflective of the CPSI EMR system and the Company’s broadened identity as a leading services provider to rural and community hospitals. CPSI Chairman and Chief Financial Officer David Dye stated, “Providing EMR systems to rural and community hospitals is CPSI’s core business, and we will continue to invest substantial resources, as we always have, towards ensuring that we maintain our leadership position in that area. However, we have already demonstrated our ability to successfully provide complementary services to meet customer demand with our Business Management Services division.” Mr. Dye added, “The government’s electronic health record adoption program has created a shortage of health IT professionals as well as placed a significant burden on already stretched IT departments, especially in our target market. We saw this as the perfect opportunity to leverage our wealth of experience and expertise gained from 30 years of success in implementing and supporting these systems. To that end, within the past year, we have added managed information technology services, cloud services, and consulting services offerings that have already seen great acceptance among CPSI clients. We fully expect the demand for services to continue to increase and are prepared to meet that demand.”
About Computer Programs and Systems, Inc.
CPSI is a leading provider of electronic medical records systems and services to rural and community hospitals with over 650 client hospitals in 45 states and the District of Columbia. Founded in 1979, the Company is a single-source vendor providing comprehensive software and hardware products, complemented by complete installation services and extensive support. Its fully integrated, enterprise-wide system automates clinical and financial data management in each of the primary functional areas of a hospital. CPSI’s staff of over 1,200 technical, healthcare, medical and business professionals provides system implementation and continuing support services as part of a comprehensive program designed to respond to clients’ information needs in a constantly changing healthcare environment. For more information, visit www.cpsinet.com.
Any statements contained in this press release which are not historical facts are 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, projected or future results or performance are forward-looking statements. Forward-looking statements are not guarantees of future performance. You are cautioned not to place undue reliance on any of these forward-looking statements. These statements are made as of the date hereof based on our current expectations, and we undertake no obligation to update the information contained in this release. New information, future events or risks may cause the forward-looking events we discuss in this release not to occur. Forward-looking statements are subject to numerous assumptions, risks and uncertainties. Factors that could cause actual results to differ materially from those contemplated by a forward-looking statement include the risk factors described in our annual report on Form 10-K and our quarterly reports on Form 10-Q. We 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 information to reflect events or developments after the date of this press release.
Boyd Douglas, President and Chief Executive Officer, 251-639-8100
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