|By Business Wire||
|October 19, 2016 11:00 AM EDT|
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, announces the commercial launch of its new senior living solution powered by ALIS, which has over 500 implementations in 38 states. The new AHT solution provides accurate, detailed electronic care records for seniors as they move among assisted living, skilled nursing facilities, continuing care retirement communities, rehabilitation centers and more.
“Due to the differences in the various care settings, facilities that provide skilled nursing and senior living services struggle with billing and managing clinical workflow as patients or residents move between settings,” said Teresa Chase, president of AHT. “Our new solution provides the market with superior clinical and financial management tools across a wide spectrum of different care settings and facilities. This is crucial for efficient and effective transition of care.”
The AHT senior living solution has been market tested through key development partnerships between AHT and two Georgia-based senior living organizations: Magnolia Manor, a ministry of the United Methodist Church headquartered in Americus; and Annandale Village, based in Suwanee, an award-winning nonprofit organization dedicated solely to providing progressive life assistance to adults with developmental disabilities and acquired brain injuries.
According to Hill Fort, chief operating officer for Magnolia Manor, “Senior living communities encounter a variety of operating issues. Rather than being a federally regulated industry, each individual state sets its own rules and regulations on practices, processes and charting. We collect information and spend many hours completing state-required paperwork, which takes up time we’d rather be spending with residents. In addition, obtaining the information needed to ensure our business remains financially sound can be challenging.”
Magnolia Manor needed a way for its different departments to communicate vital information quickly and simply. They were looking for a solution tailored for its needs, and one that would enable their staff to chart in a clear and confident manner, while mitigating risk of errors. According to Fort, the answer was AHT’s senior living solution, powered by ALIS.
Laura Gourley, chief financial officer of Annandale Village, agrees, “In our continuing efforts to stay ahead of the technology curve and to become more efficient and effective in our service delivery, we turned to AHT senior living solution to help us do just that. Through the power of ALIS, we have real-time information available at our finger tips and are no longer dependent upon a multitude of Excel worksheets or having to maintain hundreds of outdated binders.”
Providers lose valuable dollars and are put in a vulnerable position when there is failure of communication between sales and clinical, finance and clinical, executive director and management team, community and resident family, or outside agencies. This is especially true when the care being provided is not being charged, often due to an assessed change in condition, and not included in the resident’s bill.
According to Chase, “Our senior living solution is resident-centric and designed to solve the unique, real-world challenges of today’s senior living community. The solution is inviting, self-explanatory and simple to navigate, allowing for ease in training, implementation and day-to-day use. More importantly, the solution solves a significant problem in the industry today – making care transitions more efficient.”
From the first point of contact with a potential resident, the community’s sales team is able to start capturing data in our Prospects CRM, creating profiles, reserving rooms, completing documentation and assessments, all prior to move-in, and all of this data transfers over to clinical with the click of a button. No duplication in effort, no information lost. The solution is also flexible enough to handle multiple regulatory environments across an entire company, while standardizing key components across the board. The Resident Evaluation Tool automatically ties custom resident assessments to community care planning, guaranteeing the appropriate care and billing levels are set for each resident. It also alerts the appropriate departments when a change of condition occurs, so revenue is never lost due to miscommunication between clinical and billing.
The AHT senior living solution powered by ALIS also eliminates challenges associated with state binders, transforming exact versions of familiar paper documents into digital forms. The compliance capability utilizes information previously entered into the resident record and pre-populates it into the state forms, eliminating the effort and errors associated with completing forms manually.
For more information on the AHT senior living solution powered by ALIS, go to www.healthtech.net or call 1.800.489.4248.
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.healthcare.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, 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.
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