Computer Programs and Systems, Inc.’s CPSI wholly owned subsidiary, Evident LLC, recently announced that Jasper General Hospital has selected its cloud-based Thrive Electronic Health Record (“EHR”) solution for its hospital and clinic along with the TruBridge revenue cycle products and services. This fortifies Computer Programs’ foothold in the global Healthcare IT (“HCIT”) market.
For investors’ notice, Mississippi-based Jasper General Hospital is already a client of Computer Programs.
It is encouraging to note that the Alabama-based HCIT company has seen a number of developments in recent times.
Last month, Texas-based Mid Coast Health System shifted from its traditional EHR model to Computer Programs’ nTrust program, combined with TruBridge services and Thrive EHR.
Additionally, the company announced that Evident community hospitals and clinics can access their EHRs on iPhones. This allows patients to see, at any time, their hospital and clinic medical data organized in one comprehensive view.
A Peak In to Computer Programs’ EHR Services
Computer Systems’ flagship platforms, nTrust and TruBridge, are currently seeing robust demand.
Notably, nTrust is a program that makes it possible for community hospitals and skilled nursing facilities to improve financial operations while simultaneously moving into an advanced EHR.
Meanwhile, TruBridge charts a clear path for clients’ long-term viability through business services, dedicated to the community healthcare market.
Trade Market Research opines that the global HCIT consulting market will reach a worth of $77.99 billion by 2025, at a CAGR of 19.7%.
Hence, the latest move should prove profitable for Computer Programs.
EHR — A Popular Trend in Healthcare
The field of healthcare is currently witnessing increasing digitization of patient records. Cerner has been dominating the headlines, courtesy of its efforts to digitize EHR systems. The company’s HealtheIntent also provides it with significant exposure to AI trends.
A few key players in the industry are Cerner Corporation CERN, Allscripts Healthcare Solutions MDRX and Veeva Systems VEEV.
Cerner’s flagship Millennium platform and Allscripts’ FollowMyHealth patient engagement platform deserve a mention in this regard. Veeva Systems offers cloud-based software applications and data solutions to the healthcare industry. The company’s Veeva Vault, Nitro and Commercial Cloud offerings are currently seeing robust demand.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
See Stocks Today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Veeva Systems Inc. (VEEV) : Free Stock Analysis Report
Cerner Corporation (CERN) : Free Stock Analysis Report
Computer Programs and Systems, Inc. (CPSI) : Free Stock Analysis Report
Allscripts Healthcare Solutions, Inc. (MDRX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research