CPSI 2017 Annual Report

The advancement of technology will always be at the forefront of successful healthcare IT vendors, and CPSI is a proven leader in driving innovation and collaboration. Providing our clients with meaningful tools and solutions that are developed with their input is paramount to our product development strategy. In line with this objective, we unveiled the Business Intelligence Dashboard, the newest offering from TruBridge, to more than 1,000 attendees at the 2017 CPSI Annual User Conference held in May. Developed in collaboration with our clients, the Business Intelligence Dashboard incorporates several features designed to streamline and optimize the user experience, including customizable intuitive dashboards to better evaluate organizational performance, precisely analyze financial, operational and clinical data and evaluate trends with complete EHR integration. Early response to this offering has been very positive, as we have followed a phased approach to the development and release of specific patient care-focused analytical insights. These development efforts are expected to enhance our add-on sales pipeline, and we are excited about the opportunities for this innovative new cornerstone of our population health solutions. CPSI is also bringing its leadership and experience to the value-based care arena, demonstrating our ability to offer innovative community healthcare solutions beyond traditional IT services. In today’s environment, community hospitals have found the most efficient path for transition to a value-based model is through an accountable care organization, (ACO), or groups of primary care physicians, specialists, local hospitals and other providers working together to improve the overall health of a defined population. In January 2017, we announced the CPSI Rural ACO through a strategic partnership with Caravan Health, the market leader in rural ACOs and value-based payments. We are proud to report the initial demand has been very favorable. As of January 2018, we officially launched our three-year, ACO program with 30 healthcare facilities that make up four ACOs. We are excited about partnering with more community healthcare leaders and providers and providing a best-practice, highly engaged process that supports each community. By working together, CPSI and Caravan Health are combining our best collective expertise and experience and providing the tailored tools and training needed to transform healthcare delivery in more communities. As the CPSI family of companies continues to move forward, we have also enhanced our leadership structure to support our expanded scale and market reach. During the fourth quarter, we increased the size of our Board of Directors from seven to ten members. Our three new members represent a high caliber of talent and bring significant healthcare and corporate governance experience to CPSI. Dr. Regina Benjamin was United States Surgeon General from 2009 to 2013 and is currently a non-executive director of Diplomat Pharmacy, Inc, Kaiser Foundation Hospitals and Health Plan, and ConvaTec. Denise Warren is the executive vice president and chief operating officer of WakeMed Health & Hospitals, a 919-bed healthcare system with multiple facilities in the Raleigh, North Carolina, area. Glenn Tobin most recently served as executive vice president of The Advisory Board Company, a research, technology and consulting firm serving the healthcare and education industries. Additionally, we designated Charles Huffman, a CPSI director since 2004, as Lead Independent Director. We look forward to working together with this very capable group of directors, and we are confident their exceptional wisdom, vision and insight will be instrumental in ensuring the Company’s future growth and success.