CPSI - Earnings call transcript Q1 2021

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Greetings, and welcome to the CPSI First Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Drew Anderson.

Drew Anderson

to first welcome conference XXXX and Call. morning, the quarter CPSI earnings Good

of results we are regarding that and pursuant currently make expectations this XXXX. management Private a may performance. differ During risks, not annual call, limited expectations Act Reform XX-K. from known Exchange or statements and including not forward-looking Harbor of results Actual that information, materially most future of available statements Forward-Looking releases filed report Securities our such on to, unknown Form reflect Litigation Safe public caution and factors, reports constitute those might and upon by future such Statements predictions Commission, the implied with made you guarantees based those including to forward-looking We provisions expressed and the our Securities any recent performance described uncertainties plans, and result but operating or and other statements, only in as of the

also after date, information I our or President call the statements this events this Executive of Officer. time, of Chief and developments reflect revise to Mr. investors At sir. forward-looking ahead, will as call. in no only outlook this call the this turn Douglas, represents any We the now we date to provided over Boyd update Please that to obligation or undertake and forward-looking caution go

Boyd Douglas

January our with additional looking questions. created continue told, us, the of to serve at for Chambless, color and it provide comments, pandemic quarter everyone, Growth hand serve. I when Dye, the of left epicenter am Until for would and are you our morning, COVID due focused Chief Chris of joining March, how the the I to following of in to to Officer, many risk over this Good then, Officer; thank against I as the especially of like two of COVID efforts your along take conclusion Operating we hospitals ramifications result the At With their Drew. the around, disproportionately Community first Financial All in our increased has the vulnerability, pandemic. Officer, of and who David feel providers our customers us. our much appreciation neighbors the offering pandemic. my were compelled Matt surge you, hard. to will our immeasurably communities as of results. that. ongoing families, quarter begin us fight Thank the prepared especially many to healthcare efforts vaccination. I of to tireless COVID the first regarding will rollout a call Chief the forward sharing miles will After affected hit day be available the initial rural the from throughout the to COVID by their Chief for communities friends Fowler, Shortly community XXXX behind our cases healthcare and comments, customers on our

obtainable executing way partnerships Our a marks the plan of than start is we across three end over shareholder journey stronger the in next strong our The increase an respect return to have country on quarter XXXX aggressive the we is to our transformation years. unwavering. the first pride CPSI, of ever and under as began the at yet

will digital innovation. to three upside Matt growth growth, there provide As and financial our optimization, around a reminder, margin our are solid quarter. detail more the through plan, first results core tangible in components

of in TruBridge $XX.X core being revenue are in couple notable of related growth patient recurring across base, TruBridge a highlight and and I total optimization. to importantly, record key margin However, our improvement XX% million now volumes with quarterly With more CPSI client nature. that of directly increased and revenue would predictability revenue visibility like drivers to a achieved

expanded through savings. and realignment in medical outsourcing diving to order waste drive and our organizational partnerships blocks last will cost help necessary our the are services, building into related build deeply that are receivable quarter, accounts Following work to management eliminate of absorb Those and and flight coding we the include leveraging in automation services, to XXXX currently revenue finally meaningful efficiencies. realize operations to cycle foundation

lean has ongoing methodology more and begun be help Office to evaluation. For employees in training example, our rolling efficient their the to tools our process Transformation through Management out job

services first so in management we results in having are as whether or far improve employees the Institute, improvement the methodologies promising empowered receivable quarter. Mason powering accounts the become do world and setting, in within always Virginia the we healthcare internal the and across customer that customer training methodologies some teams a The extensive these is leader Following external. pay how things, of to a to well-respected our organization process from private applying began mind,

processes In have terms been modern equipping labor development workforce dedicated our in tools of resources reduce with intensive to to and cycle work. investing revenue we automation,

Finally, emergency we with and are apply receivable for services medical our in to to partnership management resources outsourced key progress department. accounts in effort coding the making outsource good related partners, labor

drive throughout to exit changes realize million XXXX, momentum these XXXX, through operations, to in rate we return and million continued healthier non-GAAP With this cost $X savings. an expect to per for significant $X cost we earnings with transformational improved $X of a savings total adjusted $X.XX. an as $X to million expect our we building million XXXX run with these profitability with stream, savings million of With in anticipated acceleration $XX.X within $XX million to of share under contributed efforts $XX enter way quarter a million EBITDA we rate to revenue the as Along run of XXXX.

client driving of of TruBridge they of Finally, is across conservative sales growth EHR as and services. our a critical of initiative retention maintaining new rate to base our an plan pursuit our healthy important core are EHR the growth cross

rate in million $X client within remained the of this While performance in quarter. goal our for we under retention XX%, disappointed quarter are just first that our our bookings set came

earlier, an intensified the mentioned and immediate environment Understandably, of more as the As healthcare of on pressure the I needs address due our market decisions. their of decision to at first first XXXX COVID. makers created providers unique stalled quarter communities brought mostly quarter

However, by be win trends the historical in encouraged that we our pipeline continue to certainly and a healthy favor. rate

activity first innovation, the timing progress growth upside to will and related predict when in achieving can't our on exact we goals. our we up fade, this this Shifting While making efforts bookings employee to pause laser-focused culture are a innovation we annual sales that of of thrive flatter environment to the a through recruiting in digital creating an in our successful decision-making. have the dynamic our to we necessary attention proved sparks markets faster and improving engagement, organization, accelerate turned toward ground quarter serve. With

earlier As a senior a have two added Officer. positions, stated key People releases, our Chief and Officer in leadership we including Chief Innovation

contribution and are company Alabama. that our innovation. Amaris on remain through McComa We make Cronkite Mobile, path in our it worth digital roots growth the will energized mentioning To to Wes is end, that by also that

and environment employees corporate we a among headquarters mindset downtown modern with technology is open innovation new workplace. moved that in encompasses However, a foster common our have fresh Mobile our to today's that surroundings to for

twofold. We work Therefore, pandemic. to hybrid is a expect remote model our or base post estate in a significant portion continue strategy of real our to employee

will can estate we While look of coming shared that, the we and generate heart we decreasing I key months of innovative With obstacles. will over take the bounced and call continue would our thoughtful to Matt real the also around, workplace that offices tools, to and our regional be smarter where at to customer helping front a ideas initiatives, spirit resources these over results. approach renovate our like footprint, creating goal engagement companywide. to With to environments years financial the to an employee dive for systems, introduce and deeper while implement into and tackle support turn operating a

Matthew Chambless

our provide Thanks, everyone. quarter, first call, additional Boyd, through will overview the today's on brief high walk financial of quarter and afternoon, bookings level some performance including good detail a a results. and I On

you CPSI. from weak bookings environment opening shouldn't an distract to decision from remarks, heard Boyd's that overall for results quarter As the led successful

sources on improving volumes that a efficiency our recurring patient internal and gains to strategy Continued increasing the quarter top with of expectations bottom and on execution revenues surpassed combined led of lines.

these as As see we to we TruBridge two bookings look namely below offsetting effectively patient of expectations expectations and developments, other. exceed XXXX, rest the continuing to each volumes

as no a guidance result, those ranges we back As to expectations. our February in reflect still internal is there gave update the

quarter rightfully deserts saw recall Moving with bookings. Total pandemic portion preoccupied in decision which on healthcare cases, severe our hospital we COVID were the stingy efforts. quarter critical latter million making effectively efforts these quarter to saw early uptick facilities clearly with in seeing distribution vaccine rural bookings, disappointing a of The them $X.X Many the of the creating environment, of can't for while communities. the as vaccination the the communities clients serving bookings lone are as Oasis, customers of before. part the likes attacked first a to our

on growth which cross-sell base of total the made As continue made with services. sales felt subscription us. revenue This from decision bookings quarterly the for bookings toward and greater a want revenues our in our toward EHR outpacing TruBridge result, recurring efforts more the recurring or decline through of products top are don't System opportunities. XXXX, the didn't presence of steering environment enhanced bookings simply that flows. as emphasis against and cash offerings, bookings we from and ended well, first sales quarter's sequentially quarter in XX% many our our of either up SaaS business first we SaaS from were from reflect with By leading our to quarter the XX% down XX% and as sales revenues the of our we increasing new yield were for driving outside Including net as and up XX% EHR declines support decisions line bookings XX% and new the sequentially for dynamic stingy arrangements add-on process. down within our XXXX, us predictability mix, excitement prevalence offerings same throughout the markets its first

increasing total quarter TruBridge of financial care license sequentially over our business SaaS first renewed our revenues in the fourth to quarter time EHR XX% the continuing Recurring EHR, to and total gains, our combined XXXX% XXXX, effects quarter for the momentum of of sequential slight when consecutive XXXX. acute quarter first outpacing compared revenues, in each the X% in decrease saw for ending drive high recurring with resulted of quarter EHR, of of and in was sequential gains while period. their mix to patient XX% a the a in declines volumes revenues the compared in total modest XX% shifting Turning of to revenues increase significant enough all This XXXX. third the revenues and TruBridge dynamics in emphasis post-acute improvement the the segments recurring and revenues quarter on headwinds solutions an year-over-year for in results revenue first of at the for line. revenue non-recurring customers created in of The X% recurring

over X% was such as in tax Non-GAAP quarter X.X% the XX.X%. to the EBITDA non-GAAP to cost of a improvement, revenue high first On with quarter revenue adjusted net million last the interest million resulting gains more efficiency aggressive quarter in resulting X% environment while Compared to in that year, compared to outpaced of net rate XXXX, income dynamics EBITDA, adjusted decrease XX% the basis of income mostly an profitability nearly the fourth in unusually $X.X increased XXXX. XX-months. front, margins or to first a to effectively of million due rate effective total due $X.X from the points led the over EBITDA flat de-levering increased from in trailing XX and normalized or decrease or a margin debt $X,XXX our sequential after rate seasonal expense XX% improved despite the decrease increase, favorable improving sequential $XX

of increased to continued was met receivable or and nearly solid on RCM propelling revenues basis efficiency the accounts million related the TruBridge pulling with quarter TruBridge volumes the segments, compared margin. of client gains the offerings. XXXX, first TruBridge improvement revenues hospitals for management, our sequentially driven XXX demand our quarter's record increased at execution at our point service TruBridge's fourth largely to X% medical pandemic, quarter top-line of continuing XX% XX%, offerings, by deeper gross the spectrum unaffected from first to increased slightly This which XXXXs margin coding, Looking in increase the to the by with Compared on across patient XX%. was $X.X XX% in margins

continued $XXX,XXX emphasis a should partially that decrease Next, decreased our as system as environment system strategy. or in XXXX, $X.X the our decrease down X% $XXX,XXX quarter first slight XX%. long-term creates sales revenues decisions from or our in million offerings new year-over-year growth distract and the by not revenues, in challenging non-recurring revenues. sequential $X.X and increase nearly are for which sales was two XX% to decrease revenues gains Compared a have we of in support non-recurring revenues offset This on SaaS in to customer non-recurring revenues million saw recurring or XX% overall the or areas made are key support a

in our from successful convert existing prioritizing offerings quarter to focus the SaaS. customers acute customer increased to conversations to XXXX, First, testament SaaS care on XX% sequentially and SaaS a first new our and attempt of revenues XX%

XX% solution going of in cloud on margins. We post-acute XXX a consecutive quarters revenues, We environment. increase go the of revenue in sharp as severe period following of offerings post-acute posted a a modest effectively recurring quarter segment market. appreciated second first gross or in live posted quarter being revenues Thrive our sequentially, the was in third our non-recurring margin margin are a declines. the our new of and in the efforts decrease but five client XXXX, impact growth from the basis post-acute XXXX flat a by expected marked decline has its point view Second, XXXX sequential X.X% facilities to the first another to of previous which From standpoint, currently XX with all with this evidence of quarter live anticipate sequential XX that revitalize as our SaaS recognized recurring quarter

stock in X% to less expenditures. capitalization our that to resources led of decrease travel, continued as sequentially, impacting and sequentially slight the COVID-XX quarter XXXX, overall of first consequences $XXX,XXX tax costs resulted vestings. sales of X-K the this sales most to statement, marketing operating year. Closing restricted or opportunities. with Sales resulting down General and the and in expenses. during year-over-year in than in coming on revenues costs of that of XX% the associated Compared the announced decreased with revenues reduction severance year-over-year dollars decrease transformation the was to reduction XX%, a with project quarter to a on rate or in Xth lowering first cost flattening favorable million cost filing business worked increased out aforementioned of cost Moving $XXX,XXX Product both effective non-recurring $X.X during mostly our while have compared $X.X X% of year-over-year XX% administrative and flattening the sales impact February tax we to and million organization recent were in of changes both sequentially organization down in million the due force expanded our or X.X%. tandem due to increased development our initiatives income related more the mostly of on were from commission and costs mix or XXXX, XX% quarter $X.X only

in that nearly year, by by cash over balance flows first driving operating over operating remainder little the cash times increasing flow We from of trailing over tax cash three improvement past a effective XX% profile, A From marked to normalized XX-month years million. debt that allowed XX% ago, $XX expect for flows ago XXXX a to to we sheet surpassed. bank standpoint, of million over to to rate XX% setting the leverage during set discrete a items. since $XX.X reduce target XXXX, trailing capital priority cash an XX-month year an while year X.X increase flows a and the the for leverage million, allocation of our right-sizing EBITDA of continue of was CPSI a million operating $XX XX% quarter record of $XX cash has of ratio achieved debt

the repurchases and share history, maximum same our year company of quarterly and with with growth enhance a all continue authorized share in long-standing abundant allocation of cash support to deploy while that in position February. late be for to In strategy. sheet balance Board market is maintaining our health in to indefinitely, we million poised to This of broaden strategy. be and approach program a repurchase improved confidently unveiled the business first ways in we With strategy our opportunistic includes as disciplined XXXX, stock capabilities, strengthen the over additive M&A a our multifaceted generating the using our Board coupled to capital optimizing capital value-based goal of a organic the that to few allowing that attractive dividend growth our At pursue $XX using repurchases, acquisitions will value plan capital invest time, our executed flexibility timeframe. robust CPSI pursue shareholder suspended that

quarter, first market, vestings. stock approximately for the the XX,XXX were shares XX,XXX related required approximately During another open $XXX,XXX shares we restricted on tax purchased withholdings while to upon repurchased

alternatives. by may factors and needs cost be also M&A, number to a Our and shares evolve is Capital primary volume other value when alternatives return cadence being program our capital as priorities allocation flexible undervalued of tool a and potential enhance shareholder prudent. rationale influenced the replacement The capital valuation allocation of of achieved, availability, from and and value using in our to repurchases see with of value the capital But capture our will but considering up time, like of views quarter of clearly in ground stock. have and the activity seeing not a bookings. what To may a remarks, drought. we we lack repurchase XX-days relatively drive of given in intrinsic up wrap the pipeline over indicative prolonged prepared in sales would don't XXXX some as on make our first are so reflect a sales we to capital

the bookings prone When and from success to severe composition Our fully of open deals comprised are like of questions. trajectory recovers on shocks decisions growth to relatively induced XXXX. that of EBITDA pace kind COVID by continue renewed bookings this And are decisions we toward expect low value our we path more high as up would volume that, the for with our of shock, amplify is $XX million naturally suppressed. when of a line we to artificially

Operator

Donald first Capital Please proceed Instructions] Our [Operator with question is with KeyBanc from Hooker question. Markets. your

Donald Hooker

Great, good reference - you question, referenced your your referenced morning, everyone. me A and quick pipeline. targets to remind for healthy the bookings year

a can the the target to quarter of on understand we conditions maybe in healthy your think the for way to COVID. I all But you bookings challenged elaborate put that Is year of macro there sort to that? to with due the were reference numbers and pipeline? bookings sort can

David Dye

the want a is so as year. to execution standpoint, we quarter our stated Yes, was are back actually good goal end that. par quarter hey following Matt exited be. a three-month best the of XXXX. here. to that hope that from certainly remarks, by right the the million internally And and pipeline of good we And the year get saying since last it quarter the the of to their number, to we about September now in quarter was number of an David behind seen the really Approximately quarter - is to have repeat The we where Dye Donald, as first have Boyd prepared $XX end we as been of is we even

a quarter. gotten got have in second to But market We go is up. we still room picking to the off start, definitely but fair the

weeks. the on-site is rollout of engagement Obviously, for course the behind certainly are engagement meetings, levels surge getting have that over just - the is has We vaccine us and hopefully hope last the dramatically the We increased couple good. the of slowed. all

the of to quarter good the hopeful it all a getting end that, So year. the of and by some with are we that we of have get going back this are back goal quarter

Donald Hooker

on think great. estate a - and to on CapEx? of the in real quarters. of then terms you CapEx free to anything it can terms in that do us you some kind about, coming sounds view Super, referenced models our us I Can cash Does update going of are you your in expectations you flow and investments guess in there? And like help strategy make

Matthew Chambless

so corporate for to through Mobile. I material Wall come Boyd our we is location wouldn't relatively fortunately downtown into Yes, Mobile to And headquarters in us, Don, we CapEx moved anything line. on from that Street campus the mentioned turnkey. our expect the moved recently

be remodeling and our material, like that, So that expect for locations of there nothing rest the well. kind some painting cost, walls, we what may the things is as but of

on So going for if it, put so. would be around it I I say had the is $XXX,XXX somewhere is to number probably to year a or

flow. So clearly compared cash not to material overall free

Donald Hooker

Got last have a of. cost sort people various of and the then you about you if or question some CPSIs products thoughts kind concerned guess and services? sort power us some any inflation you. maybe economy. give guess are was I can on I'm pressure wage pricing wondering And just from across of U.S. seen me broadly I in

Boyd Douglas

certain is We levels TruBridge on line keep the geographies the demand we macro just that of our to macro service a in on the intensive. the see extent it something as are that any yet, is kind we eye in pressure very lag an definitely people, in wage total. trends to mainly of to do or the for kind to least as really at is behind happening but Speaking we those that seen tend consume, economy any pricing resources which pressure what is haven't

Donald Hooker

you. thank Okay,

Operator

Bank. Deutsche proceed from Hill George with your with Please question. is question next Our

Unidentified Analyst

(Ph) Hi, question. on for Thanks taking for George. [Maxine] the Its

you you for the update model. the additional speeding give Could some us hospital to to a to subscription-based up last is need value year talked the transition? on guys So you what on switch about progress solve

Boyd Douglas

you can Sorry, question. the repeat

Unidentified Analyst

was additional you value some is wondering a model. hospitals us switch if the I last the subscription-based for to need update year just transition. could guys give you about to to up on solve speeding on progress what you that talked Yes,

Boyd Douglas

and think from question, in up, of XX% progress. on the EHR SaaS I that good a think was I believe it numbers, which remember exact commentary it was don't the I Yes, revenue his but and I touched speaks prior Matt period, the year-over-year

some and is to addition installations have new that well. in occurred the into sales model. XXXX to as those current of that in the XXXX in higher we of SaaS sold customer XXXX, to be into I going Some that, our as continued the believe and license But percentage opposed XX nTrust subscriptions base

that you So see statement starting of into well. are to income fruits as the flowing the

David Dye

And I second prepared for that the think thing as five comments stats in are out, all to another point well. installs of said it quarter Matt his

Unidentified Analyst

That base. within very us existing follow-up. you and penetration accounts you helpful, what had receivable XX% maybe mentioned seeing Could on management time in some EHR the you Thanks. process color a your you just I of give TruBridge around think is are quick last services,

Boyd Douglas

a I space to mean, Yes, first we was XXXX it the well, lot on use, just again strategy in outside our that we within on positioned and to but back continue to that base of whole the meaningful where it pipeline prior EHR base to certainly to cycle now. execute is and market EHR did the extremely the the hope is in there. nTrust underpenetrated, to obviously quarter is that supports it current similar that are is going the a capitalize large performance, need is part we pipeline that of clearly our our the do of And so. and to view there both way do so improve management that we a heck bookings revenue the given to pipeline customer

Operator

Our is your question. proceed with question Zhang with Joy from SVB Please Leerink. next

Joy Zhang

new Hey asked guys, into what question. year your $XX booking FY you thank my question you per wanted on quarter last million assume more of rate follow-up I to Maybe example, the or earlier. some questions was assumptions the in bookings similar provide that baked levels there for does color For in? as can are on guidance? taking just built run guidance that are a midpoint at XXXX on

Matthew Chambless

Yes.

our the very guidance for of a we a quarterly fair just February $XX reflects is basis, that we on levels. slight the in which wise. kind gave year Yes, would I So increase expectations million-ish kind perhaps that over of the say assessment, feel bookings modest, still XXXX on revenue

Joy Zhang

helpful. a And FY if a as uptick through saw XXXX your in that higher M&A risk wondering was assume would mentioned you small XQ. any level the slightly very lead attrition FY for in Does is it You guidance follow-up. lower? was be I the to hospital That for or to pandemic you similar XX% retention a XXXX? assume that would

Boyd Douglas

would as did say a activity to our reflected Joy, of flat is and see pandemic, a a sure Yes, down the not is the was that we healthcare I'm rates. that community in M&A we lot had market. it provided retention with of pickup with to do result in government assistance that

Matthew Chambless

as into And assumptions XX%. retention Yes. went far retention of our that the guidance, as XXXX

have But back normalize pretty the do XXXX year. numbers down by XXXX close to expecting follow ahead trending to slightly we are somewhere to the into the We with seen just XXXX of it we that. what have we been And the to of far pretty levels encouraged so actually to expect end by that.

what goal retention So XX% for is we XXXX. our that are pegging as kind of

Joy Zhang

Thank you much. helpful. super is very That

Operator

is Our with next Please and with proceed Dougherty Company. with question the Mannheimer your question. Gene

Gene Mannheimer

revenue of that bookings the convert when to generally Congrats and quarter. rec? kind gentlemen. generally the you to a on revenue, see to With three-month quarter, respect between in TruBridge bookings do there the Thanks, those is good six-month lag

Matthew Chambless

Yes, Gene.

and paper spot in customer between ink lag on on nearly rev it of hitting and a to are up kind you running the six-month we So when the rec. get on three-month for contract

lag probably we a lag, generally the quarter two So and is it consistently hit one bookings between model I quarter when it know revenue when when more or two internally, either begins. a

Gene Mannheimer

as And a be that perfect. million, margin to we much Okay, is EBITDA about you sense call growth a longer-term $XX with just should optimization for versus goal trying growth, respect versus there for and I'm driven acquired or will how to way of inorganic organic it your think get of by that?

Matthew Chambless

Yes, out we to XXXX. the a Gene. good EBITDA last of expect on the call details how get of Boyd did by this job $XX laying million in to

The that out that be is thing all is organic. expectation first point the to will

then as disciplined margin million contributions it, any $XX side on cost number. of be far that optimization is our of as just M&A rest the million margin, But on Boyd $XX that a call out the will recurring impact to pointed additive a just cost as Now as far the reduction to the growth. incremental impact. the revenue the margin And organic last the

Gene Mannheimer

Great, thank you.

Operator

question [Operator Donald is with KeyBanc next Instructions] Capital proceed from your Markets. with question. Please Hooker Our

Donald Hooker

Okay, great.

Just The what the follow-ups couple we intuition might down direction over outsourcing can of over extent is is about here. to margin that trying us think if of My you that of trend of sort my if I'm cycle other efficiencies gross to But of understand business you margin time can how update a couple sort TruBridge at quarters time forward. strong the of and kind aside TruBridge the don't sort from the gross was mind give margins? on that an and outlook hunch. synergies cost very that have you going past more to have revenue you

David Dye

Yes, little the comes Donald, from what a mix is. of that sales

some It obviously RCM initiatives more the the referenced where that comments, with more its throughout software automation through in out So on heavier improve we our opening a margins, it, is side, to a is mix coding run business, to at intensive. that in efficiencies and accounts Boyd receivable see margin little TruBridge labor depending pickup early also going the line years. if there. management, margin or we the your coming is offshoring his on down efforts bit the pull a higher traditional

So would the we that I we forward seeing going now a pick of to up. hold bookings see indicator margin is where look the that good back think are as right you

Donald Hooker

know M&A every there in to at balance areas this would year be then be interest love you the can give of sheet hear that of any or super consider But of of to any And of continuously guys improving, on of hear might Are looking teasers common also us Okay, is the asked in but acquisitions helpful. you might I so kind the you would I terms kind quarter, what love that coming front? areas, overtime. I can question. kind with you a

David Dye

Yes, our at That well TruBridge strategy next last Donald. outlined this drive want is. remarks function specifically our unchanged thoughtful growth is is and to prepared Boyd key in markets. XX remains where of be his quarter as and is and focus we new sales a across look opportunities just really that be the and to initiative

Donald Hooker

so super. will alone. much. you leave I guys you Okay, Thank

Boyd Douglas

it value is Thanks worth really that, Don. just will feel I something existing it add repeating. and is think M&A. I a untapped services there both but on think our I of is base said the The and that then we I potential time, with to with last again, TruBridge customer lot of future there

on questions? follow-up of are just behind more is Operator, that, really So kind the driver to kind as that well. question any there of that

Operator

We the remarks. for the to call like session. question-and-answer Douglas end turn Mr. back have reached closing I the over of to would

Boyd Douglas

time we believe your first while in for our this solid quarter. this achievable. our aggressive plan strategic you that It wholeheartedly made morning. was We start is sharing transformation the Thank pleasure a have

continue believe and digital return components ahead will of the years. apply margin growth the the We plan, increase on the the call great to the to of next progress impact rest work tangible begun have and through delivered plenty for a has our and on upside growth, being we our while everyone positive shareholders, effectiveness, already today clients our optimization have innovation your and value three over to there still day. And employees. Thanks we three us, shareholder of efficiency, to objective with on of laser-focus is covered core a

Operator

concludes conference. This today's

lines for You may time. you at this participation. your disconnect Thank your

TruBridge (TBRG) 11 May 212021 Q1 Earnings call transcript