TruBridge, LLC, a subsidiary of CPSI (CPSI) - Get Report, a healthcare solutions company, announced today that Tyrone Regional Health Network of Tyrone, Pennsylvania, has purchased its new Care Management Program. The program was created to help healthcare organizations improve the health and wellbeing of their Medicare population by providing virtual chronic care management and annual wellness visit services.
Anna Marie Anna, RN, chief executive officer of Tyrone Regional Health Network, said, "This value-add program enables us to proactively improve the health of our eligible Medicare patients by providing virtual chronic care and annual wellness visits services. It's imperative that we find partners with the expertise to support our mission and vision by offering valuable solutions and technology that help us deliver care with integrity and respect for our community. And we've found that expertise with TruBridge."
The EHR-agnostic Care Management Program offers healthcare organizations a local team of dedicated TruBridge healthcare professionals who help patients plan and stay on track to achieve better health while creating a sustainable revenue stream. More specifically, the program delivers virtual patient wellness services in the areas of chronic care management and annual wellness visits outside of regular office visits for eligible Medicare patients, which are important services as organizations continue transitioning to value-based healthcare.
According to a 2018 study published in the journal, Health Affairs, only 20% of all eligible Medicare patients receive a wellness visit, and more than 50% of primary care practices offer no annual wellness visits to their Medicare beneficiaries.
"Tyrone Regional Health Network's mission is to provide quality healthcare to the people of Northern Blair County in Pennsylvania, and we're happy to be a trusted partner and extension of that quality healthcare," said Chris Fowler, president of TruBridge. "By leveraging our expertly trained healthcare professionals along with our patient engagement technology platform, we can deliver virtual visits that let patients focus on their health without leaving their home, which improves their experience while minimizing the health risks of coming into the clinic."
TruBridge, a member of the CPSI family of companies, provides business and consulting services, and an end-to-end Revenue Cycle Management (RCM) solution. With our arsenal of RCM offerings that include a HFMA Peer Reviewed® product and an HMFA Peer Reviewed® complete outsourcing service, TruBridge helps hospitals, physician clinics, and skilled nursing organizations of all sizes become more efficient at serving their communities. For further information visit www.trubridge.com.
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 the ability of TruBridge's solutions to help healthcare organizations improve the health and wellbeing of their Medicare population 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 TruBridge's EHR-agnostic Care Management Program to effectively provide virtual chronic care and annual wellness visits services; 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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