TruBridge (Formerly Computer Programs and Systems) Strengths, Domain Expertise, and Key Differentiators
With over four decades of industry expertise, TruBridge serves as a reliable ally to healthcare providers, guiding them through the intricate landscape of an evolving industry. Renowned for driving enhanced financial well-being across various care settings, TruBridge remains dedicated to advancing the legacy established by CPSI and the former Evident electronic health record (EHR) business. This commitment extends to fostering more efficient care delivery within small, rural community hospitals and clinics. Crucially, TruBridge pledges to uphold the same unparalleled support and personalized service synonymous with its combined client base's expectations.
TruBridge (Formerly Computer Programs and Systems) Recent Developments
In February 2024, CPSI underwent a rebranding initiative, officially changing its name to TruBridge, Inc. This strategic decision aligns with the company's recent evolution, capitalizing on its core competencies and knowledge to provide an integrated and expansive range of financial and clinical solutions.
TruBridge (Formerly Computer Programs and Systems) Mergers and acquisitions (M&A) Activities
In October 2023, CPSI successfully concluded its acquisition of Viewgol, a prominent provider of ambulatory revenue cycle management (RCM) analytics and complementary outsourcing services. With an extensive client base spanning 15 states, Viewgol delivers RCM services and analytics software solutions to 38 customers across over 20 distinct specialty practices.
TruBridge (Formerly Computer Programs and Systems) Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying TruBridge (Formerly Computer Programs and Systems) applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of TruBridge (Formerly Computer Programs and Systems) and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified TruBridge, HRG, TruCode, Evident, AHT, Get Real Health customers.
TruBridge (Formerly Computer Programs and Systems) Overview
Ownership: - TBRG : NASDAQ
Number of Employees: 3219
Functional Market: Time and Attendance, Core HR, Payroll,
Key Verticals: Healthcare,
TruBridge (Formerly Computer Programs and Systems) Key Cloud and HCM Applications
TruBridge, HRG, TruCode, Evident, AHT, Get Real Health
TruBridge (Formerly Computer Programs and Systems) HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
TruBridge (Formerly Computer Programs and Systems) Revenue Breakdown by Type:
TruBridge (Formerly Computer Programs and Systems) HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
TruBridge (Formerly Computer Programs and Systems) HCM Applications Revenues By Verticals, $M:
TruBridge (Formerly Computer Programs and Systems) Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
TruBridge (Formerly Computer Programs and Systems) Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
TruBridge (Formerly Computer Programs and Systems) Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified TruBridge (Formerly Computer Programs and Systems) Customers
No. of TruBridge (Formerly Computer Programs and Systems) Customers: 1300
No. of TruBridge (Formerly Computer Programs and Systems) HCM Applications Customers: x
No. of TruBridge (Formerly Computer Programs and Systems) Cloud HCM Customers: x
No. of TruBridge (Formerly Computer Programs and Systems) Cloud HCM Subscribers: x
CPSI strategically promotes its Revenue Cycle Management (RCM) services to the expansive network of post-acute care facilities, encompassing approximately 15,500 establishments across the United States.
CPSI customers are Bath County Community Hospital, Hot Springs, VA, Crane Memorial Hospital, Crane, TX, Huron Regional Medical Center, Huron, TX, Jacksonville Medical Center, Johnson County Healthcare Center, Buffalo, WY, Lillian M Hudspeth Memorial Hospital, Sonora, TX, Nor-Lea General Hospital, Lovington, NM, Prevost Memorial Hospital, Donaldsonville, LA, Sierra Vista Hospital.
TruBridge (Formerly Computer Programs and Systems) Market Opportunities, M&A and Geo Expansions
In March 2022, CPSI completed the acquisition of Healthcare Resource Group (HRG), headquartered in Spokane, Washington. HRG specializes in tailored revenue cycle management (RCM) solutions and consulting services, empowering hospitals and clinics to enhance efficiency, profitability, and patient satisfaction. With a workforce of around 400 professionals, HRG serves 77 healthcare clients, predominantly situated in the Pacific Northwest and Southwest regions. These clients include academic medical centers, tribal organizations, and independent hospitals with over 200 beds. The integration of HRG with TruBridge will strategically position the combined entity to meet the escalating demand from healthcare organizations seeking to outsource revenue cycle operations.
In August 2020 CPSI started working with Google Cloud to utilize its cloud platform services. This transition will leverage Google Cloud’s platform to support CPSI’s ongoing product innovation and speed‑to-market with new offerings and enhance performance for existing applications delivered by the CPSI family of companies. Leveraged across acute, ambulatory and post-acute care settings, the efficiencies gained with moving to Google Cloud’s platform are intended to make system training and delivery of enhancements much easier for clients, which, considering the resource constraints and pressures that are prevalent today in healthcare, is critical to their success.
TruBridge (Formerly Computer Programs and Systems) Risks and Challenges
There are a limited number of hospitals in CPSI's target market. Saturation or consolidation in the healthcare industry could result in the loss of existing clients, a reduction in their potential client base and downward pressure on the prices of CPSI's products and services.
The limited number of hospitals with 200 or fewer acute care beds in their general target market for their acute care product and service offerings has resulted in an ever narrowing market for new system installations which could materially and adversely impact their business, financial condition and operating results. In addition, the market for their products and services is competitive, and the company must expect additional competition from established and emerging companies in the future. Their market is characterized by rapidly changing technology, global shifts in the healthcare system, evolving user needs and impactful regulatory and reimbursement changes.
TruBridge (Formerly Computer Programs and Systems) Ecosystem, Partners, Resellers and SI
Throughout 2021, CPSI established a strategic alliance with Microsoft to leverage Azure cloud hosting and infrastructure services. The overarching objective of this collaboration is to facilitate the seamless transition of all existing internal and client data to Azure's public cloud. By harnessing Azure's infrastructure solutions, both internal operations and client-facing services are slated for enhancement. The gradual migration to Azure, initiated in 2022, promises significant advantages for customers. Notably, it alleviates the responsibility of maintaining on-premise infrastructure, ensuring heightened availability and stability of underlying applications, thereby minimizing unexpected downtime. Moreover, this modernized infrastructure lays the groundwork for future innovations and improved data accessibility.
TruBridge (Formerly Computer Programs and Systems) Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- TruBridge (Formerly Computer Programs and Systems) Public Cloud and Infrastructure (IaaS)
- TruBridge (Formerly Computer Programs and Systems) Platform (PaaS)
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- TruBridge (Formerly Computer Programs and Systems) Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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