CPSI - Earnings call transcript Q3 2021

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Operator

Greetings, and welcome to the CPSI Third Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Dru Anderson. Ms. you, Thank begin. may Anderson, you

Dru Anderson

Good afternoon, earnings third XXXX the welcome call. to conference CPSI quarter and

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

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

Boyd Douglas

continues Fowler, professionally. Dye, be disrupt with many pandemic of and us, of additional questions. to you Chambless, color provide and quarter hand afternoon, lives, and thank Good us will Officer, Growth two take the Dru. our you, aspects conclusion At Thank Financial the third Officer, will our who our I available Matt the joining comments, my Operating over of Chief results. personally today. everyone, for Officer; regarding After Chief along The our your both David call to will comments, our Chief to prepared our Chris

such, after in-person virtual The a decision for event clients XXXX our month, As until was to need annual in Louis. last disappointing. conference of difficult our the postpone making March we postpone hosted to St.

heavily with seriously clients. deliver at and Wes engagement equity in efforts that the virtual resignation, afforded we it explored they not the Chief we recruitment This was give important health Innovation the are of part continuum. talked Officer; the the behind pandemic. of Mental our ensure the can health of it the we to Officer, CPSI, and their people the inclusion Chief that factors also and from And due clients to Chief and business of with reaffirmed selves plays talent is technology People our our insights and feel if Schroeder, health expand this care approach about topic workforce, taking the the that Tracey Izzy supporting have throughout the diversity very of it's during offerings attention being talent McComas, whole made. Amaris our to and to Cronkite, work. clients being our impact update, Wes with we in important at health healed expense around Dr. help phenomenon the part within importance headway to the the to opportunity And that COVID worker. as significance of bring our us However, Understanding care our lastly, care deserves. our the celebrating insightful learned it a these the our Marketing Officer, the mental Justice employee as guest the burnout speaker, something innovation investing and event. and great And about patient clients is to employees highlighted said, workplace share felt experienced that expediting are by the conversation care health driven

quarter are growth our show good details. with SaaS In XXXX from and began sales strategy. a This mix quarter initiative performance, provide Matt results. delivered share deals progress our of we results transformation against CPSI. with we third has highlights percentage January very in terms are and in I later, A pleased the will higher our highlights will of in of bookings, the strong along three-year that solid few across additional a rebound

management quarter supported million opportunity retention $X by over cross-sell now client year-to-date. just were significant million, rate $X.X and year-to-date. bookings TruBridge EHR cross-sell third were our remaining was bookings that large third above closed receivable $X quarter our is at million. third for stand a accounts and under XX% takeaway services net in TruBridge just and The quarter in First, the for TruBridge $X.X new just million remains competitive the we deal under

that KPI key expansion. we hold to the Finally, accountable is ourselves particularly margin

pressure quarter services lower be receivable remind not expanded our this that everyone work improved the particularly business by margins As expansion. goal a XXX of accounts have as correlation at and effect where and and have EHR to against the cycle we scalability more a related services the points transformation cost and significant that automation absorb partnerships our year. to coding to a SaaS transition, from optimization adjusted the will of SaaS-oriented like short-term the include this achievement our meaningful competes cost. opportunities last margin improved through third the efforts, execute Despite net of revenue medical progress direct improvement linear management. Both help to GAAP the delivery resulting increases in these our third we'd near-term driven from in the Contributors against gross of saw margin EBITDA both for basis counter on TruBridge, to other business in quarter profitability model long-term year-over-year margin

quarter, workforce, rate resulted in In shifted savings an efficiencies Our focused by been has workforce in is we than third estimated the organizational $X quarter. of coding in pace of we run the have transition this cost intent able the illustrated in and which third on more increasing X% million to billing offshore. the which

touch to upside Before I our turn related growth. the on progress me call to let Matt, over

engagement, First, as patient door this TruCode has solution. contribute XX a on by Health XXX% contributing the as experienced turn over to to to evolve and Get as which and innovation to digital the for is last market Real lines. patient call the Health deeper These digital as investment With factor solution in expected past over a and is we our expanded of selected into see acquisition a core adjacency Matt for health that optimism and bottom million plan care case The financial the patient key from to And top their in continue continued around was growth has the business delivered front our a user we both solutions. successes growth. pursue for our last, performing May engagement I the people results. months Get will experience that, dive quarter XX system Real third the U.S.-based serves and new value approximately

Matt Chambless

good Far the I'll through of some quarter, development and notable afternoon, including On the our and on a and brief overview performance detail resurgence growth Real a saw with contract high-level in financial bookings third of was in signings walk arena. provide environment hospital Boyd, as Thanks, and of engagement as the the results. additional quarter today's viable the Health a EHR emergence increasingly in bookings away, the significant call, new most everyone. sales patient we the quarter Get the player becoming favorable

exciting to that financials, dominated but two services worked third offset each areas themes success our top line businesses. by quarter point both On our to GAAP EHR results each for was the other in the and to

foremost, and TruBridge inorganic acquisition recent volumes growth organic of growth with business in of wins and by showed XX% improved driven of by First patient new TruCode May year-over-year growth XXXX. and driven our

acquisition revenues revenues of has pre-acquisition plan On and in Boyd As including pro amounts, basis, million to million contributions EBITDA EBITDA. date adjustments of according million $X $X.X are $X.X to of perform quarterly TruCode a million forma and incremental a purchase and million. continues TruCode $X.X of Year-to-date with $X.X accounting $XX.X since of generated the contribution absent million mentioned, EBITDA. revenue

The shift shareholder license to more success keeping revenues. of second intentional in priority and has theme a of our of expanding our dominant A strategic value been SaaS-friendly the by long-term enhancing has top been our line mix. recurring that with dramatic shift base

favor financial Clearly, this respectively. of in full X% value with these gains includes profits on an a adjusted growth mix X%, strategy aligned GAAP and value the significant and the of clearly of period's and creation, EBITDA forgoes long-term how revenue this of performance put longer-term nuance on offsetting to license revenues While limiting line understanding understanding overall short-term and shift creation. pressure the in dynamics CPSI the nonrecurring TruBridge

$XX.X new the improvement headwinds propelled quarter's performance growth. EHR the bookings highest subpar of a of were past quarter the net our After and than the for and than average the explosive resulting improving, third decisions XX% up half bookings are third System patient in net that a years. traction over marked XXXX growth. XXXX. our The XXXX double quarter compared by sales significant sequentially for quarter bookings. saw XX% of bookings of Health's EHR driving third the total quarterly million the to to higher on new XXXX, was with growth were the XX% of hospital and Moving engagement Real solutions environment Get for of bookings more support quarter year, since and first second XX% sales This couple hospital

emphasis as composition growth arguably made total bookings the quarter's as While Including than recurring the growth sales, the itself is sales impressive, our continue quarter's important this through bookings recurring revenue more driving towards third SaaS to quality our XX% process. bookings add-on dollar of of up we subscription sources efforts and the raw figures, arrangements throughout for greater revenue continue EHR are expand. offerings the on

expand predictability of for new and mix, quarter second after the and XX%, SaaS cash for the bookings we're XXX% $XX.X have quarter for in hospital than success Health, quarter both of the prior doubling this past. posted business set million more higher line note signings XXXX of XXXX total quarter leading XXXX Other our made for with by third after more more to our bookings of was of million business revenues Real XXXX. EHR of EHR bookings quarter For record and to new early $X continue than million compared client for as Real beyond over XX% XX% flows. averaging of of is the from Get of steering Get customer the execute having prevalence up the quarter abroad, and quarter A XX% on bookings previous contract TruBridge in our nearly and offerings, base Health, initiative XXXX. we net increasing base. the bookings recurring the top enhanced the quarterly the bested particular outside to our towards XXXX from our the third arrangements never TruBridge's around By increased unprecedented within year-to-date, and revenues SaaS than third Xx domestically of of footprint than EHR $X.X stage our to

our results with third a and Overall, third total much Turning quarter financials. Revenue the yet mix XX.X% XX.X% TruBridge quarter total to expansion second of of at the XXXX and the XX% of of sequentially the the arriving from the quarter increase of down the of all-time X% another from XXXX. to revenue shift increased of showing XXXX, of high offset sequential in in in recurring over period's XXXX. compared revenues revenues weighing X% tailwinds X% license revenues ahead third XX.X% headwinds quarter and of the

growth in profitability worked revenue margin adjusted on SaaS On dampening the benefits declines in front, transitions and for cause expansion tandem for limited effect cost the ability to sequential and the with EBITDA period, elevated the X% of Despite tax and third XXXX, non-operating XX%, income these the non-GAAP while adjustments by adjusted net net headwinds, XX% EBITDA decreased non-GAAP X% quarter income. and of lower income to grew increased respectively. behind compared

contributions of top quarter by Unsurprisingly, from improved injection quarter margins quarter patient results the automation Organic The year. for X% marked at our revenue to or TruCode in third deeper revenues grew XX% sequentially showing fold. increase basis quarterly client first and the significantly continuous as TruCode improvement expanding revenues behind $X.X of revenue growth margin over gross our million TruBridge the XXX to third a XX% TruBridge full the with margins top increased the last line behind of XXXX's with COVID top TruCode volumes improvement Boyd was compared points that the $X.X higher third offshoring the improving drove highlighted. a efforts XX% to period million compared quarter. in XX% revenues and in segments. line, impacted our line last and Looking TruBridge

margins sequential revenues revenues revenue from support that leading a basis the to slightly cost in revenues and XX% and quarter sales, XXXX, as the to sales flat XX.X% of aforementioned quarter. the greater cut the half, sales combined Compared decrease slight XX.X% third support with quarter XXX system second points system our from to the $X.X decreased saw SaaS or Next, third overall of of down gross compression third brought million shift in mix than quarter by more margins. margin nonrecurring of XXXX's towards XX% in

Thrive have client to of a as on top cloud favorable go will to the all anticipate mix been or environment. While six creation, and signed the hospital are solution our the contracts SaaS and year SaaS. value put pressure in We XXXX continue new EHR shift in expected all long-term in with margins facilities associated to going license our line quarter live fourth live currently new during

towards operating to increased effort. to lower decreased or million as leaned quarter's labor on capitalization. Product capitalization mostly due more Year-over-year, workload maintenance the development Moving have labor due costs costs XX% expenses. XX% to sequentially, $XXX,XXX increased or $X.X

functionality we administrative from last software $X.X flat XX% matter million feel to in that decreased XXXX. compared for products. worked capitalization adopt call, sequentially decreased resulting mentioned and the quarter business labor due of commission Sales from costs in agile As reflect General investments but been declining higher development nonrecurring from marketing labor bring XXXX the and third resulting efficiencies to second we've XXXX, on an environment, to were transformation quarter's the costs EHR resulting our and external practices costs initiatives to quarter features increased to our in revenues. of early making better best with rates capitalization experts we and incremental subject

$X.X the flows while for and nuances effective last a quarter, As utilization significant here providing $X.X from tell cost items. rate of out meaningfully marked expenses don't compared adjustments. during termination timing net flow But growth to Year-over-year the TruCode again, XXXX. as we employee This quarter nonrecurring tax since XX%, a to stated we the uncharacteristically tax net the second XX% Lease year our health $X.X of that quarter. a point normalized on two claims the driven of cash the million The expect flows costs our third footprint. increased brings G&A capital the full rate cash costs quarter. story operating sequential heavy working and million to the expected as EBITDA both levels some during during change income our of XX% effective million to quarter payroll-related $X.X fourth higher. incremental low increased consuming the flows statement, health employee and this million second increased we return lowest second quarter with mostly From cash of Closing on of call, headwinds the to cash debt quarter. bad drags increased the most XXXX, during were the provision to drove standpoint, by

the quarter period, cash million good an incremental an contained First, payroll drain third extra on for $X flows.

optimally income $XX TruCode On remitted up effectively debt cash year-over-year increase This allowed allocation, deploy this the these opted a Act We as M&A, $XX million CARES to combination flows entire cash opportunistically same tax million. $XX.X to investment strategy flows for trailing the by strength the value-based to through operating has CPSI proceeds. flows repurchases. we price amounts our share funding the deferral, despite flexibility quarter’s levels, revolver over in limit purchase purposes. corporate employer CPSI same prioritizes million to low operating using which bank propped around adjusted $X.X internal in tax for the for million time and cash frame. third operating of XX-month in our capital effectively of capital the XXXX positioned have Despite are normal quarter Second, EBITDA payroll during

capital target to nearly we to below and that arise. opportunities remind considering needs X.X positioned on intrinsic M&A, views during quarter regards in repurchase mix To quickly statement allocation the volume reflect the during remarks, our did not been of not a recent cadence repurchases our will given of much slightly and acquisition times, potential may remain of of of so and up continue obscure shift at of may activity well but stock. investors any least by evolving and the to availability, alternatives factors. and the as priorities These our and be success value XXXX, other leverage repurchase are replacement so Certainly considering capital lack income quarter alternatives. shares have wrap influenced allocation our the capital other times, ever X.X dramatic that With ensuring respond our of to capital to we also in cost far a to share prepared repurchases, value continues our our license raised the TruCode Our of and that shows. number

the We proving the hospital questions. open and fourth to representing all a combined we’d SaaS as inorganic TruCode, continue our begin future And accretive for and holds scheduled capabilities New growth, with Year. fourth with towards expect the quarter vastly like generating that, excited with of looking environment improved trend EHR the implementations. that what to up bookings we we’re for line new with When the quarter during deals

Operator

Donald comes first Our Instructions] Hooker the line proceed with Please with question. your KeyBanc. from of question [Operator

Donald Hooker

CPSI. down Health in Health break in Can Real Europe afternoon. maybe a bookings. so about guys a new bit hear I then Netherlands, little to was wanted Get in expand and Get and I Good little high which released bit the win those were quarter? for is interested you particularly bookings press that in Yes. more you the obviously very Real deal a the

David Dye

and particular as give win a we et relationship utilize where pay, our to health front typical about with David States, going very the a a Actually, significant bookings we digital It’s the quarter. standpoint. just in particular systems remarks mentioned Netherlands It TELUS in similar had system to here. bookings the patient relationship the wanted us Saskatchewan, refills, then the here where has prepared from the have split telecom there. that We of be the Health It can patient to Donald, road Pacific to down Canada, appointment in that is provide for are was the about for that’s a Real was the minimal both incredibly now. significant, functionality in door. that as we’re portal going XX-XX certainly United the opportunity of mentioned, The extensive near that Two the expansion of his in future, Asia on in country. right is, press portal Health it’s we’re in an there second the pharmacy was cetera. he now much And terms right terms addition, time is Get provider bill health relatively domestic we products that release already scheduling, rather value, bookings in the to Alberta actually were we the you Asia will competitive in execute. both in the exclusive Get the and citizens the to The Real of has deals proud care information provinces that as this telecom international hope a nationalized go in in press released Matt Pacific. as

Donald Hooker

out plus. follow-up the retention think for jotted the point XX% environment, you alluding as be sort rate, price Great. correctly. to threw that seem was me well. one competitive I had me. getting year last year to down And of improving maybe another data that interesting to sounds I maybe On It was you continues past, which like, be I sort before, or then some you of maybe – know in an the to

favorable on the for get Just update like you It maybe competitive wanted sounds an guys. there environment. it’s to pretty

David Dye

Yes.

well, winning the pricing did we on we quarter our have than standpoint we XX we mean, competitive new obviously, your So, existing And an we inpatient really about question, I good the do To competition standpoint. environment, deals at don’t competing and anymore. there, deals in more in pricing the least from that felt net a from with have customer with care athena, acute out base power in were both and athenahealth. obviously,

is over concern competition aren’t – some part the obviously, traditionally former with and have – years. some So cases, obviously, from or we that or competitors we now a some competed other But of there that major others MEDITECH in anymore us, we still competitors. the Healthland

favorable, that’s noticeably in formidable in but out term, average competition think, is has this year. better it our previous From standpoint, deal so a So I far there. have shown certainly is than years. it pricing an slightly accurate we And been our size still and execution

I As on think, may to retention, Matt, touch that.

Matt Chambless

Yes.

us XXXX of you of – Don, right estimating We XXXX. be finished kind some we’re XX%. bit bit annualized of at a wise. speaking, is bit to really XXXX in historical XX% on And is XXXX to little conservative historically our that back on but levels was pull retention in to a year retention projecting an the good for higher actually the XXXX, good good touched which that retention had a still that going we quarter, around in we’re success pretty basis, year, we’re of going fourth now, think for So the a is to going in that north be

Donald Hooker

Great. Thank you.

Operator

Thank you.

line question SVB from Joy comes Please the question. with Zhang with Leerink. proceed of next your Our

Joy Zhang

and thank for my Good taking question. afternoon you

labor a given follow-up, outsourcing? TruBridge for the a tailwind peers? Is bigger movement it headwind is? experiencing are resignation given do how compared rural provide the how the labor urban pressures it greater in net more much is was for more mentioned you need as I this their And labor more remarks, a hoping in shallow the your can positive great on prepared color with – you as market. dynamic talent You the hospitals see pool

Chris Fowler

a you Hi, of the their lose they I Joy, bigger percentage as on at workforce. question this one the when of is about it market, it say based it Chris. just a would It’s rural that number versus they obviously as the think urban. rural good employees to proportional is have relates

I there do some pay side, them think to Obviously, dollars larger the that there there’s providing in operationally nursing specifically a having their the pressure a a they’re we’re care big is So impact. seeing really forces to what creating service for lot outside delivering where and that of there’s on and staffing agencies and that is headwind communities.

So we opportunity us continue something solve for there’s to watch that to there. see if and an

TruBridge turns relates deals can be larger, a to it also opportunities it on tried seeing lot as interim there is provide interim deals opportunities staffing are flexible we yes, long-term times which are us. or to for relates standpoint, into there the – As to solution that of a we side, how what we’ve from

staffing signed the I somewhere we’ve think where in provided have sort to deals last the of our six interim XX of we XX neighborhood in hospitals. some solution months, to

that are facing something the as that similar as standpoint. challenges facing – the it’s the So we’re from – we of some a labor customers that far same hospitals obviously,

we pull can make there that So we’re those are sure to from our levers to there customers. that accommodate needs continuing other

Boyd Douglas

and about conversations I’ll and nursing facilities, that, skilled for post-acute to And on the add recent in this. because labor facilities market just The very some our I’ve nursing Joy, particular had really is the tough. the about, nursing, as like things absorb. supply, tough And agencies, high they’re really, Chris that the rates, really really the charging are and talked staffing to

pushes but is put with acute if I say it, even acute on for you on than the the more sure. side a them – the scale, absolutely, So nursing care would struggling post-acute, struggling

Joy Zhang

That’d legacy be very question addition follow-up commentary helpful. it’s to TruBridge. And on the business Airstar the great positive to on in as hear a bookings,

of And color give to first were Or the it in demand how would much COVID that from So hoping by be market year? largely I deals the the driven meaningful was half normalized? was you pushed on still more headwind? is of a rebound fair hospital rural the can is say out that

David Dye

hearing average lack XX deal went had line around they what was success pent-up I the year. from which you in million, is recently, third. in Certainly, part Any and good news end quarter? as little you first going from and deals all has your the well. over you, with trouble it pipeline is, in each actually of think why is Really, a David, was of SaaS measured of in success were the pipeline, was the I time the Joy, the question Yes. the the but quarter good half get it quarter, of is the $X as been the quarter the a the at which size three-month standpoint, certainly that up into fourth third

But went The – number total the that little went time not six-month remains little pipeline, seen. Now pipeline three-month up so bit. a to whether that exactly the frame means we actually bit. that be in or execute down on a

with. roughly fact and the So $XX bookings three million pleased the basically, between we months, are the and six given that that remain quarter a particularly had those we same

Joy Zhang

much. very you Thank

David Dye

Joy. Thanks,

Operator

Thank you.

question with next Piper with line the of Jeff Sandler. question. your from Our Please proceed Garro comes

Your line is now live.

Jeff Garro

Maybe couple on for the a front. Good afternoon. the Thanks taking bookings question.

The those the pipeline pipeline? first three-month or one, pipeline clarify specifically that just Was to broader Does around EHR going the comment refer to up. comments. for that deals

Boyd Douglas

pipeline Jeff, those pipeline, broader also. EHR comments but was the The with consistent

Jeff Garro

look trying context whether a it just as line, And with I should our we sure year-to-date last – expectations, is to or results bookings, we kind frame but we to at more comparison. subscription at reel right whether maybe run really guess, to and QX, in those the the rate make I there that and expectations nine year. at with versus we’re the interested where go the into on hear. of want QX maybe broadly, actually, have as how result we last Excellent. out in looking parse where new first should of was specifically also they year-to-date nice Great year the more a more were headwinds months

Matt Chambless

Yes.

getting of indicative what is little a that they front XXXX. have more in is XX% EHR growth SaaS of question our to that probably Jeff, shy numbers quarterly land. subscription we’re to curve bit and subscription compared a year. and but I we’re increase the going Right there into standpoint, me, revenues in which a at do now, into So year-to-date to quarter of on, where quarter don’t we’re of the the last rates the heading heading from about just looking given third fourth

look definitely year-to-date, bit substantial the we have take new growth at remarks coming deals hospital that actually year. And we had expected into net of EHR XXXX SaaS. prepared So composition and we bookings the what been that’s the incremental signed during of a mentioned that when a there. we little in have ahead XXX% And the

closer for term. expected believe mix split, that XX-XX We the to licenses best somewhere with and this interest happy SaaS we’re of long that’s because obviously creating in a XXX% value we

to as are far So because as than chances towards as much on more continue the added, sales to the concerned, that customers. line, XXX%. definitely you we expect favorable SaaS the as incremental grow mix increasingly on But them coming revenue customers higher is can’t get are

Jeff Garro

as revenue I’m translate some expectations about helpful. platform goals. Excellent. the And your maybe on as we to your of well margin All around to exceeding commentary to expansion shifting how the mix investments think SaaS of the very try timing subscription. transition that curious should

quarter how the of impacts that be may of to of us think I some margin cross expansion? it’s QX might bit the bigger this cadence have from I not be a little there. going step And interesting just but a linear, margin currents expected. know Some than back levels

Matt Chambless

head at installing installs initiatives, But nail was Yes. the the with in that net kind margins. do a two see the more offset split very In down other. what we SaaS competing projects more that expansion expansion margin the more the drag somewhat There’s the you’re take term. happens Obviously, logistics have being that give far revenue on to short-term, that stack SaaS that longer in But is expecting expecting future. margin pulling our continue have environment. offshore on increased initiatives, these technologies. But higher on reliance expected. It’s even we of expansion for right, and in through term the near rate a on as of short initiatives there’s recurring something and had the have obviously, we’re as the in coming as term. what what increase no towards planned investment to with with at two you’re of mix than impacts The around margin we that of we way in payoff margins a up margins. we in and and dynamics tend each XX-XX into our kind the short the do least shift term, should the the hitting new sales the we top line mean the were in new year. more And the different going again, automation I

Jeff Garro

about expectation? think it months there than further. Is appropriate it more three And try a down will to just fair little to that? be expansion to nonlinearity even year-over-year every Or being an margin bit pin

Matt Chambless

deals to of that, a have chance it that would a here, mean there quarters I say mean, day perpetual day frame. we license period, held in There’s may anything may bit a forward the still can XX-day Yes. still expect happen. of some be back I we the of kind still quarters have the couple nonlinear. I’d resurgence pre-XXXX, that a time I in going be But where the XXXX the do

say, at on do from expanding some care for, acute – see side that SaaS. to we the next the headwinds months going least but – margin the this to transition is So margin expect, XX

Jeff Garro

Understood. That’s all Thanks guys. again, me. for

Operator

turn further over floor to time. for Douglas questions this at Mr. closing comments. I’d like the no to have We

Boyd Douglas

Thanks, Great. Devin.

certainly, summarize, We forward I third plan positive innovation. Just margin a to your pleased tangible and to quickly has efficiency fourth and after we you digital evening the growth tonight, growth three-year quarter is and appreciate through everyone interest keenly hope very the we’re another quarter. impact effectiveness, that update we great to our shareholders, in you. and growth, and our CPSI, value optimization core Thank employees. on giving clients delivered look achieving upside on with remain focused our our having and performance

Operator

today’s teleconference. concludes This

at day. this Thank time. disconnect and have your You wonderful a may you for your lines participation,

TruBridge (TBRG) 10 Nov 212021 Q3 Earnings call transcript