|By Business Wire||
|June 2, 2014 12:34 PM EDT||
Computer Programs and Systems, Inc. (NASDAQ: CPSI), a leading provider of health information systems and services, is pleased to announce that two hospitals utilizing CPSI’s EHR system have successfully attested to Stage 2 of Meaningful Use. Harrisburg Medical Center (Harrisburg, IL) and Rolling Plains Memorial Hospital (Sweetwater, TX) are among the first hospitals nationally to have attested to meeting the Stage 2 objectives for Meaningful Use of a certified electronic health record (EHR). Encouraging the implementation and utilization of a certified EHR is the goal of the government’s incentive program for hospitals and providers implemented under the American Recovery and Reinvestment Act (ARRA). Separated into three stages of increasingly stringent objectives, the program offers eligible hospitals and professionals financial incentives for implementing an EHR that allows them to meet the objectives. In order to qualify, hospitals must first submit an attestation to being users of an EHR system certified to support the Stage 2 objectives and then provide reporting that confirms their utilization of the EHR system is within the parameters required during the EHR reporting period.
The hospitals point to their partnership with CPSI as being a key component of their efforts in advancing the use of EHRs in their facilities.
“Harrisburg Medical Center has always been technologically advanced. We’ve been working towards this before Meaningful Use started,” explained Rodney Smith, CEO of Harrisburg Medical Center. “We implemented electronic charting in nursing as early as 2001 and were recognized by Modern Healthcare in the last year as being ‘Most Wired.’ Our goal is to have everyone in our community in the CPSI System, so all the information is there for doctors when needed. Serving our community and advancing healthcare for our community drives all of our decisions.”
Richard Pyle, CIO of Harrisburg Medical Center, continued, “Being a small hospital, we’ve had to do it piece by piece, but we were prepared for Meaningful Use. Still, it took every department in our hospital to attest to Stage 2. We worked closely with CPSI throughout the process. They helped out greatly when we had questions.”
“We attested on April 15, 2014, and are glad to be among the first to attest to Meaningful Use Stage 2,” said Vicky Rasberry, RN for the hospital. “These objectives were more challenging, but everyone at Rolling Plains Memorial Hospital worked together, especially our medical and clinical staff. CPSI’s support and resources were invaluable to our success in achieving this milestone.”
“We are very pleased that Harrisburg Medical Center and Rolling Plains Memorial Hospital are among the first hospitals to successfully attest to meeting the Stage 2 objectives and certainly want to offer them our congratulations on this achievement,” said Boyd Douglas, President and Chief Executive Officer of CPSI. “There’s no doubt the incentive program has been very beneficial to our customers and the communities they serve. We have been the acknowledged leader in Meaningful Use attestations for rural and community hospitals since the start of Stage 1 and fully expect to maintain that leadership through Stage 2 and, looking forward, Stage 3 as well. Our clients know they can rely on us in meeting the challenges of Meaningful Use and, in a broader sense, to be their trusted partner in delivering the highest quality of care possible to their communities.”
About Computer Programs and Systems, Inc.
CPSI is a leading provider of electronic health records systems for more than 650 community, rural and critical access hospitals and their 12,000 providers. Founded in 1979, the Company is dedicated to meeting the ever-changing needs of health IT, while optimizing the quality of care for communities in 46 states and the District of Columbia. CPSI provides a complete information and patient care system from business office to bedside combined with comprehensive implementation, training and ongoing support from our staff of more than 1,400 healthcare and business professionals. CPSI’s wholly owned subsidiary, TruBridge, LLC, focuses exclusively on providing business office, consulting and managed IT services to rural and community healthcare organizations, regardless of their IT vendor. To join the conversation with CPSI, connect with us on Facebook, Twitter (@cpsiehr) and on the CPSI blog. For more information, visit www.cpsi.com or www.trubridge.net.
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, forward-looking statements include all statements other than those made solely with respect to historical fact, including statements with respect to CPSI’s expectations for maintaining a leadership position in Stage 2 and Stage 3 Meaningful Use attestations by hospitals customers. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statements. Such factors may include: overall business and economic conditions affecting the healthcare industry; government regulation of the healthcare and health insurance industries; government regulation of our products and customers, including changes in healthcare policy affecting Medicare and Medicaid reimbursement rates and qualifying technological standards; the potential effects of the federal healthcare reform legislation enacted in 2010, and implementing regulations, on the businesses of our hospital customers; the funding uncertainties associated with and potential expenditures required by the American Recovery and Reinvestment Act of 2009 in connection with the adoption of electronic health records; saturation of our target market and hospital consolidations; changes in customer purchasing priorities, capital expenditures and demand for information technology systems; competition with companies that have greater financial, technical and marketing resources than we have; failure to develop new technology and products in response to market demands; fluctuations in quarterly financial performance due to, among other factors, timing of customer installations; failure of our products to function properly resulting in claims for medical losses; changes in accounting principles generally accepted in the United States; breaches of security and viruses in our systems resulting in customer claims against us and harm to our reputation; potential intellectual property claims against us; 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; interruptions in our power supply and/or telecommunications capabilities 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.
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