CPSI - Earnings call transcript Q1 2022

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Operator

Greetings and welcome to the CPSI Q1 Earnings Conference Call. At this time, all participants are in listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions].

As a reminder, this conference is being recorded. to conference like host, to now Anderson. Dru would turn over the your I ma'am. ahead, go Please

Dru Anderson

Thank and Good earnings you. afternoon conference quarter CPSI call. XXXX first welcome to the

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

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

Boyd Douglas

to the Officer, regarding provide to Chambless, will And us, detail for will my thank comments, Fowler quality are opening takeaways joining the would exceptionally your Then over million start the into strong you take pleased us key details, how our Chief Total the Thank but results. will to particularly impressive, the Matt were Officer, we questions. along hand go After Growth revenues $XX.X from encouraging the quarter quarter. year. with thoughts few Matt like past before a will but I highlight three of you, begin up the of Adjusted brief his $XX.X close those revenues. noting revenue, Financial the increasingly Dru. I'll EBITDA Dye, mix makes David our XX% million record. roughly by who which afternoon, with of Chris recurring first share revenues to today. of I is now total our is Chief the of revenue company will leans everyone. a as very towards Good call

teams of business, running strong Third, our a integration. RCM solutions off recently and RCM particularly are in and start acquired HRG, from terms our the HRG

notable pipeline the we key terms of lines. for an to factor of first led quarter Lastly, customers. performance performance Central TruBridge both business $XX.X and is sales to bookings. better-than-expected have patient all-time from volumes TruBridge the first impressive that million quarter all performance the high revenue A in across financial results hospital included

EHR to base for our the net In business opportunities both ease HRG and the the the market. of the on combined integration addition, and the sales cross in talented teams sales growth surrounding momentum execute enabled new into

EBITDA this to determination lot outsized in steadfast plan returns to deliver remain adjusted on very encouraged three-year first of XXXX. provide year, results in $XX remaining and the there's and a While by work our in million we our quarter are shareholder

of upside personal now, CPSI. regarding a to to And like Matt, few digital foundation core and support growth and innovation. before of margin call We make continue will building tangible I to I comments CEO over hand the through announcement as growth, yesterday my the would optimization a retirement solid President

for me and deal great or to personally very be that past the given and so. was XX decision the consideration retire right you thought months a company. It over As for me to I've can both the important imagine, timing of the

of all years. of XX and past We've that the me credit an X,XXX had here leadership to every to be not XX-year a to as you the to have be I I be for to at and career CEO tremendous would and but the employees and give thoroughly know, thoughtful a bit privilege enough enjoyed over success dear great. senior CPSI make both amount near team full has it belongs, my where honor remiss been the fantastic As years, fortunate of our the is CPSI company. It

Our I'm and impact have particularly on great it true team they truly company that company. all that together. And proud has I'm health all grateful effort. accomplished for today. them, employee base for the our CPSI me been of care for undoubtably we done have of all makes is And positive to CPSI's a

Additionally, today challenges doubt respective two has unwavering longtime company thank and shoutout David, have solid grateful. is of the leaders and exciting comments the serve. a and to and future being that to our over and great With on partner The is faced the deserve friend all communities. time ahead. and Chris have position thrilled the to a that we past all the transformation named in are in unprecedented. have And foundation hands Chris high new the as of months said, CPSI with comprehensive years like a they being them drive the to started the compassionate I quality would quality, good highest Matt delivered that they business determination timing ago. the on I feedback, Matt we the am special as our Chris occasion friends and be partners, said, internal years. evaluation successor. right. company three board Chris CEO advice, been for external very With my of chose I'll years. that But as been great and that truly that and call the a XX The the the for and again, in has I'm with my president candidates, In we over financials. and to CEO of conducted Fowler in The the is the with care to of is continue There unanimously risen CPSI. deliver be have partnerships to past without that over care for patients would the they we relationships clients formed closing, are clients over not XX turn patients their no

Matt Chambless

of many this high provide we But dive of some pleasure month a Thanks, our a this call, from everyone. shouldn't to say March, what detail brief including of grabbing that Boyd. CPSI in, a events a refinancing we've of today's alongside years. strategic headline. with and quarter, and outdone, announcement one And weeks. of financial our Boyd's retirement, be take in past clarity through to provide good is like stellar pandemic's had facilities, credit I'd execution. organic the over overview the ability be furthering resiliency of crowded HRG results early several needs our lot Not several On quarter's the positioned record our bookings with out it's before during past our of the for stakeholders driving activity, today's near these has the years chief last board of financial reasons afternoon, additional serving dedication performance the working for the in been on metrics the base to Coupled growth HRG that of momentum Boyd and results. walk to to I'll TruBridge accelerate responsible is that heights, gasp all continues announcement excitement TruBridge the quarter and growth across to M&A customer focus, first potential organic His level opportunity vision, among success well new ahead. to acquisition and Between around of yesterday's soaring our headline

results $X.X this million of the adjusted the included with $XX one for the EBITDA Full we in release $X.X for activity HRG adjusted quarter quarter's $XXX,XXX. million EBITDA expected for track million and million that and M&A, million stated EBITDA, pro of press putting revenues acquisition. revenues and results HRG of $X.X of Speaking announcing $XX.X were of of month of of adjusted revenues HRG forma on

$X.X Our conversions SaaS XXXX's pre-acquisition term injected other from contributed noise customer first arrangements revenue of quarter accounting the TruCode, timing adjusted acquisition, from and recent absent both to slightly EBITDA some million as recognition. amounts of into million, revenues purchase licenses of $X.X adjustments down

to Before giving within informative, clarity the disclosing we dive the enhanced disclosures today's like table couple shifting find where a We and attention the hold. added adjusted a to out of we the – Beginning businesses around with these some future post-acute TruBridge, provide in began breaking mix into more of each three earnings to may segments released. A and the non-recurring HER. revenue your call release, from details, revenue our our EHR what we EBITDA earnings we'd ago, you'll contributions recurring mix. grasp quarters better think the valuable are acute disclosures care and EHT reporting care of we've investors versus

million increase of sales quarter improvement existing overall the to of of cohort bookings to XXXX's TruBridge's to first and revenue and ability the $X.X to a XXX% on levels. generate teams accelerate XX% from The acquisition, meaningful successful expected Salesforce, bookings a new Moving considerable base, net added HRG EHR bookings. our since date target the sequential market. quarter's our to execution HRG to our as from talent to a contributed driving over our addition adding and is growth we TruBridge outside label of

our executing an out plan million by on environment, of HRG net initial XXX only a growth market. pandemic hadn't XXXX. cross TruBridge You is hospitals million, The quarter quarters new end well laid organic for reliance cross total compared the stingy real expectations annual TruBridge we and to drove the XXXX. performance comparative potential nearly and XX% the decision a new may accelerate $X.X million as first and target to across as or the threefold XXXX's in of growth $XX for sell sell nearly from against compared and has our net likes during created market Sustained amounts this fourth to less, a of to cross million bookings easy TruBridge the bookings incremental has before. of been TruBridge we of increased announced success, recall of were new the that over in attacked strategy of net of the bookings anemic $XX made new first four With multi-year in particularly heavy growth February revenues TruBridge with below size sequentially of base. beyond nearly we net with first sales quarter a bookings seen which size when market $X target the a XXXX the XXXX's above the US beds and times we've the XXXX

over sales vastly System timeframes, quarter sales improved improvement sequentially support XX% of decision enormous. So bookings EHR quarter while year. to XXXX is of more be mostly compared licensed marking been continues in sales of XXX% improved of new first new fourth with the has to and XXXX the consecutive improvement XX% quarter The the system a fifth bookings XXXX. climate, contract models, SaaS existing EHR of add-on quarter SaaS increased XX% by and the attributed the quarter dominated XX% Including total net environment compared XXXX last to to the mostly from past be the and first fourth SaaS hospital made the up sales potential in a upside The to during support this initiative the first and add-on quarter XX% year-over-year with bookings, mix EHR with of of signings. product bookings customers. normalized for quarter can the

EBITDA total record when level the and highest financials. of improved while same revenue XX% tilts revenues heavily our of from eclipse quarter year XXXX. revenue was HRG $X.X the a The mix revenues our record, X% past and and Adjusted sequentially didn't of more well. the year top MUX Organic during million growth the revenue improve over to total drove increasing prior EBITDA quarter, by growth drove non-GAAP the profitability surpassed EBITDA, TruCode a the XX% XX% quarter line organic combined made the XXXX. near quite towards their history, over the fourth more XX.X%. Recurring over to a from and performance, to X% metrics total million than million sequentially of only showed quarter to first first in first revenues second recurring momentary and revenues XXXX, the the income revenue TruCode in HRG's margins in and And sequentially of up continues the in of created sources. at X% XXXX the for Similar last as to XX% and EBITDA our recurring levels as sequential growth of $XX increase revenues Turning first over revenues revenue revenue net quality $X.X X.X% adjusted adjusted over past while to were quarter period ago. top company income revenues, XX% non-recurring spike. XX% the contribution net expanding XXXX. over XX.X%. HRG non-GAAP first adjusted with was acquisitions, the EBITDA to of XX% of quarter Similar sequentially quarter quarter increased Adjusting line

engagement line. GRH line. related TruBridge during our up of revenues a injects growth at sequentially XX% story increased deeper of revenues the segments, TruBridge revenue this $X.X GRH, timing HRG licenses revenue X% organic call of the XXXX. of timing fourth and a the outside in to first increased quarter, from out clouds as for patient the growth as TruBridge only the includes into quarter Looking TruBridge because volatility added in revenues GRH nice We million as $XXX,XXX from top decline the revenues X.X% HRG the decrease some Organically, sequential

relatively On grew quarter acquisition earned TruBridge our to XX% margin lower first margin on brought first and HRG TruBridge by margin backs the over first lower the HRG down Compared the Organically, XXXX TruCode initiatives revenues points points of quarter the by to XX% acquisitions. TruCode relatively XXXX, basis increased gross revenues improvements margins from margin side, basis of improved margins XXXX. were margin the HRG offset and through by of of Gross XXX mostly optimization the as the revenues. the quarter XX.X%. XX

revenues timing first Compared due support X% advance EHR licenses. quarter with environment. new non-recurring the and the points basis third-party continued to eight go new expected versus live We remained client expanded in cloud subscription of in anticipate SaaS, of drive sales top to second the down of gross continued result to margins margins the to of quarter models as all the X% solution renewals, revenue or system from we declining software transition sequentially in relatively of trend XXXX, the a timing SaaS Next, XXXX while were due XXX as mostly decreased arrangements. live facilities the quarter recurring licensing the XXXX. certain revenues revenues in to flat the Despite currently line our pressure and gross first are going of

from target million From and $X.X $XX.X Closing year effective around of timing to flat operating Costs annual first of down financial quarter cash decreased or related XX% our to basis, companies, and mostly adjusted each outflows or effective the statement, of to brought related CPSI whereas of totaled pays XXXX, Cash improved in the payouts. quarter EBITDA Moving revenues million the $XX EBITDA of the the facilities, sequentially while to XXXX that the increased bonus $X.X credit of afternoon most the our above a of and capacity, strategy, flexibility We're XX% from On the first quarter General in XXXX. and The tweaks flow with better on $XX maximum opportunistically of acquisition, XX%. $XXX,XXX led increased the our related a align the through We're to cost annual measure XXXX bookings quarter from agreement's first to increased increase kept scale also to from M&A, sequentially a the for and allocation to XX% of a how quarter year. out drove in acquisitions XX% were increased share of optimally fourth the a early or a recent changes $X.X as commissions in million rate with performance XXXX. pandemic's XX% adjusted to sequentially the to bonuses timing costs dynamics higher, $X.X incremental investment, have impact million announce spend. benchmark were and XXXX refinancing $X.X tax marketing of minimal of XXXX CPSI and XX% of of deploy operating the due operating due XX% XX-month to during value-based quarter the seasonal major being million standpoint, in were expenses. from million we bonus of repurchases. furtherance timeframe. expecting match quarter to to revolver administrative first pleased execution or rate report payouts. this and XXXX. mostly first successful million the prioritizes expense internal transition [indiscernible] full to cash our investing quarter XXXX community. audit. million costs bonus Product capitalization. XXX(k) first to our adjustments cash development step flows a a and Like EBITDA costs were to and up sequentially combination following payout income nearly million due tax an quarter rate over the leverage during positioned down which the and the These on capital in $XXX,XXX flow Sales performance compared payments annual X% $XXX,XXX trailing to our or $X.X as capital level, credit in labor first to

times to remain below forma to may target that Our TruCode well average arise. quickly our of positioned of recent bring roughly respond acquisitions to X.X opportunities we ensuring two other well and pro times, HRG that

were and to supplement roll strategies, some decisions result, $X.X repurchases related all reasonably and were employee tremendous million M&A to groom valued with a We tax and that our awards. there opportunity trade-offs. of TruBridge to as opportunities potential service to and ins. our enhance offerings limited generally tuck on ups feel pipeline programmatic fit for involve continue stock the M&A And share Capital quarter allocation is withholdings

the by been we'd factors, capital and alternatives. of ever in These However, be influenced considering investors evolving. will and of to priorities cost and to certainly remind cadence capital capital repurchases volume needs that replacement alternatives M&A, considering but other and and are have continue of availability, number potential like allocation a also capital our value, allocation

stock. the views our intrinsic lack not of a So may reflect a activity given repurchase of in on value quarter our

touch Before our I like turn near-term things over to briefly I'd and expectations. guidance to a on remarks, for few Chris

first the internal expectations, be that our quarter. cautiously back surpassed While some of quarter we second we'll believe in giving the

The will costs see we since quarter in-person second as our seasonal XXXX. client some host conference first

in the to for ahead provide corporate be look to year-to-date for On customers for this couple I'll and to of services the need that see easier, TruCode of quarter valued things strive like make continue with bit with GRH I'd the that that remarks, March on can annual margin target over our we change take continuing yesterday's quarter, their remarks. our bet reins numbers few high on cause congratulate that, in end timing In volumes we pride and short, pullback with culture work in line, CEO build to in slight sure turn quality Chris through those for the I as top to investors expect extend forward returns. jobs of it's or a a a TruBridge point. license plan the to will back our expect he'll products XXXX the Fowler second we're businesses. record team by be our no to with and role guidance a members a And In but update a as second that closing Chris of taking help our XX, as don't at revised Chris plan to to and his months. and my announcement

Chris Fowler

and also, thanks Matt. a really and we relationship with the And today. members iterate the company. grow what how we and come to one comments. we look the the have looks five thanks Thanks, like valued the not that, without what could special team Boyd, continued over Obviously, And just forward I'd that to by strong continuing as run a also forward. had with X,XXX the last to to very CPSI Boyd company to do It's specifically work the I as you beyond done we And like David, and have each saying on start to and been the think that of both through great strong execute been work you, it's we of at we work for them have kind every company here opportunity. that years, both and going the for

Glenn me the giving and for to selecting I'm like carry Tobin, give one I'd While of be Chairman to this of in the the to our Board, head us the also continue and Directors to thank Board of organization through their yous, also confidence at transformation.

his reflected the have over well, started work get on is, again, years. as the for to an over years hard as and last point. his couple and it's in the the me I'd and Matt guess ability his days, of CPSI of for X. my XX that thing the one to transition to thank wonderful importantly next customers, sit to humbling for for – to we our companies, first truly that's take guidance the years thank his and personally basis Sunday, say, to reins that you'd my his last of leadership the mentorship, gone of the passion like through him that him our I Before say success done for CEO. I what and years continue a coincidentally, you has XX special this that of XX success I here make over of for days. more as Boyd the the as confidence at And last did and And this XX know anniversary and XXnd fast over XX our up this last May I successful also years thank in to as our and over additional the company. shareholders has, been leadership but his but comments, CPSI employees has been I Obviously, like we great as as our see all honor XX it was believe the to opportunity I think opportunity by this that a about us just

very So, in opportunity us. to forward look much front the of

set As have execution solid Boyd is about net we the are $XXX in TruBridge. of that about on happy EHR We're and we need have had very in we is target, again, One we for several and TruBridge the the are very I'll million customer grow you real focus us installed make about on be journey. that, over unlock said, our that as Next and We're of from think company top on to to at we're that is of quick. three principles we in that the there's footing. and stay And growing through we opportunity have to also last of the market the over excited needs go truly obviously but able our sure of to We've market, tenants as focused that got and into think the XX, to execution. that's Next base for a that, the core. all And satisfied we've to base the done. halfway be where to years, installed got about it what remind XX and what also transformative the remain specifically customer work while customer new base on on of to key out

fulfilled. focused continue to quality we on laser services see to to that and that products So delivering remain have

Second is operational efficiency.

several the how automation about offshoring. You've continuing through and to we're calls heard for value all us unlock last

we going Our how scale making beyond customers efforts to provide there just more deliver and that how few exponentially continue value continue to the momentum we that to to we grow core forward. adjacencies of And leverage spur more some a lastly, we're to on key and see bets then, on can business additional have. excited our

And the Some the last with age, examples our our the public Get we've and for Health, Obviously, EHR positioned true us over some several the Real have made digital that that of we and care of Health technology calls to with the would Real allowing be migration momentum transformation behind Get to business. announcements to what shows becoming be ability EHR that the a from cloud, the can space cloud to cloud us go and our into the advantage business the and easily perspective available to healthcare capitalize as there just moving of new to data be. take our could it's more are where have that in on that rapidly public we opportunity forward. technologies we positioned faster

XX, can on really measured as thoughtful we allocation TruCode focused and additional the and through recent capital have to lastly, like prudent, of whether on that and lot as that's or it growth transactions that think strategy, And Next whether convert and on us looks also about can Beyond execution additional our product, we our that's share capitalize looking nicely additional be M&A on we how accelerate it relates when I product we for to of we'll that. And touched think that adoption we a we product the our on execute repurchases. to opportunities deliver think potentially investment HRG. can that Matt

will the of for the advantage term XX. next to laser opportunities capital to growth accelerate Next to and opportunities take us we us be beyond the short focused evaluate continue So, over for

please to all you on at for way We Lastly, Denna, forward questions. as open to here I we're the started call for our the with chapter. large of clear get that, look help care. the working as to well beyond customers with next excited say at this on team And the would lines CPSI and

Operator

[Operator Instructions].

Jeff Our from Piper Sandler. Garro first from question is

Jeff Garro

First congratulations And, career Chris, next your on on new wishes off, wonderful steps. and best congrats role. for Boyd, the a

I ask question. wanted Chris, you that, to with So, a

of all on but the You've late. more focused business, facets involved have been in maybe been of TruBridge

valuable So, than CPSI you that I'm together, it you really this, just the bring – but on curious touched on. different sum the and to get your of to some updated you parts see more as on maybe thoughts how touched being of on

Chris Fowler

itself. on to a external and a the touch it's models into also years, additional due and for additional is TruBridge customer the did expects see or and seeing growth talent or growth bit, two momentum plan that notoriety that the that success. by the our have the HRG the obviously, the account we're base. our deal, just continuing over little installed to for in sales but – we where to One, three addition Obviously, we're next actually, to continuing we're market from scale see TruBridge expand, more come perspective for I Bur growth from twofold. of

there a the dependency very customer the So, success success and of close retention conversion base our the for EHR is of TruBridge. and between

we I thinking for for shared comments but $XXX how while just and again, the CPSI. which what's base, from the is think that million, bringing post-acute. the was And I it opportunities, entity we're a prepared in positioning if wedge Health, EHR an continue the greater an has is help acute both to about Real the as customer in Get to RCM opportunity also opportunity and momentum our not us domestic left TruBridge the number as standpoint in of in ourselves the market both also that the So, think you're international then, customers, lastly, standalone, inside we're some opportunity, satisfy and installed rough, diamond

demand a a facilities area, topic now. an and for that's most that's all right So, hot obviously,

continue offerings, TruCode to hopefully, our additional an whether opportunity it's And or leverage as in bring to TruBridge Health. that we'll so, behind Real Get something that's

Jeff Garro

It curious and and just from the been from Maybe seems I'm on me the running saying they've are prospects like prospects. the that's ground terms feedback what clients hit demand. just clients pipeline it's one really in has TruBridge and side or all and curious impact of the things initial how more But of already acquisition. HRG what results maybe whether to far. anecdotally translating so a

Chris Fowler

obviously a since would deal. our did from tremendously integration foremost, first Healthland I has as the an So, what organization, when M&A and we maturity obviously, say, grown XXXX standpoint

people really talking customer parts the saw. that's asset. base like maybe thought that integration what and wanted a those most about and an make put HRG this, a opportunities also comes new lot first. that, and in to not sure that's is that HRG, they we're I of a of with tech And people the important opportunity have asset, is think sure integration the We that It of process one making specifically the

we've start And secret operationally, we has manage place as to both the the keep so, together sauce in success there. the side in been continuity the HRG think team real customers the the that the from we to those come for see and the TruBridge manage been and able and through to pipeline I as

David Dye

in ran the had a little I of fortunate, health side the on that. here. like closing were to in have have labor the immediately some bit we timing that into and already to I'd pipeline timing seen David on when TruBridge place think that regard safety that. we offices add record with the acquisition with mentioned the that run turn they March in particularly HRG from into X, to shortage hospitals that that or From agreements And a larger business standpoint, closing issues on from in exists. hospitals with that our March. seeing, allowed some HRG benefit systems we've the the the in health is are that side of that some issues their HRG to and larger the for systems, labor bookings they business reason net part of resulted Boyd why significant house of

Jeff Garro

related the think about part we opportunity that a a on it that? temporary boost? Just follow-up a last is Does new How create to recurring should or is. timing that

Chris Fowler

that's for have for they just that's being the initial – hear a where shortfall to be work us again, being net, when and backstop safety The nets we safety those of the just may clear, done, term medical opportunity, bookings turning whether booked rate insurance is the one-time to as of conversion early coding, of is of follow-up, It whether it's out but balances. patient reoccurring whether it's XX%. upwards revenue those collections a

Operator

from we Zhang SVB is question have next The Joy Securities. from

Joy Zhang

with not know XXX congratulations for the for the for in a echo but a to on role well. Boyd days as if Chris and of want preview a I question top your give are I office? transitioned start wondering your was the can you first have to priorities what yet, Chris us you wish new want quarter. I'll also great a the great retirement. on Congrats seat

Chris Fowler

key I would back that success the our are to say, is for Any one of in our main section biggest is labor top the being supporting issues. it. our again, right now, the me, we it's of is that staff, again, pick going up about as thing is, article that you very at the to we're making employees, thinking sure a got chance

be standpoint, we sure for company, those on is that us the on that. the customers employees I from say, sorry, – potential I secondly, that I to in support opportunities to in we to we're to think hitting if capital support should obviously, to M&A that be exactly like sure making said dialed that our product that's understand a making And our we're be making again, that sure then, in we're opportunities customers best just and the So, things delivering, for forward. and with M&A to or And our successful investment what engaged from they or going it whether, making a need sure would Matt last, allocation us. for what supported that's way I'm additional are unlock that doing are

Joy Zhang

to to cost spring cause the about [ph] that's that also into the one healthcare to comments, market, hospitals a heard real talk outsourcing your this to follow-up anticipating does a comes to And the your environment the As talk them your next on they're in to are years. some labor permanent rev week this high getting action when it you you cost we peers clients be that likely for When cycle? persist sense headwind? for labor three more of the

Chris Fowler

Yeah.

that I right think now revenue I that's a the side. earlier David it And driver just think we're cycle that obviously said beyond goes and what seeing.

the today. it's definitely, their inhibits think as and set to is to software away continue opportunity being that stimulus ability it developed. do apart healthcare, being opportunity from not an a away to us efficiency come move we that's pipeline going something think an better can't I And what for anytime obviously read see, based we're and the seeing history than don't can the we loud on can, TruBridge. And something with soon. in ourselves that's but it's you be for going But. people definitely And that to I that clear that's their obviously, job. through

of work we'll to sales on our manage morning. approach, going to had still be actually be a capture So, this think we XX% business is own through a positioned automation or for RCM And have kind I we their now, competition think that through well opportunity. right whether of I More the see question offices. initiatives, than that similar doing the summit continue And our still offshoring hospitals itself. we're it biggest the hospital

be will this driver that that's unlocking there. a So, in value actually

Operator

next Hill George from question Bank. have we is from The Deutsche

Unidentified Participant

of This is on George Pragya speaking [ph] Hill. behalf

net So, the a take and in expects market EMR XXXX. whether the class losses in company that trade exiting for you you noted to how going steep look company share figure the together? footprint in strategies expect group be to footprint talk to and and some XXXX Can you're XXXX gainer about

David Dye

we are report been those, were in Thrive revenue customer our previously, in advance XX% we've primarily of class to bit see formerly the working that efforts, And that the in numbers reason confident we better to over a reflected of retention with XXXX. losses to remarked to in are class little But those those the that's seen – the expanded the attempts those deals. that XX% reflected we're generally in exiting you've winning in in and year. is over we around over of clients are Thrive. convert Healthland-centric a that and you'll them report numbers efforts terms XXXX have count From The standpoint, as as move

Operator

would have closing turn you. further the stage, remarks. Boyd no to Douglas like we questions. I now to Thank this back for call At

Boyd Douglas

thank you. everyone, for on Thanks, Right, the call being today.

tell good about left headed. we're year. we've the we to realize to a our good the great As a where a and you really where of and lot as start we're about company remarks, got got can start certainly off But we've we're we're from We certainly do. feeling excited work are to

have you interest everybody's appreciate Thank the hope of and a good rest you So, day.

Operator

Thank you. That conference. concludes today's

you lines. participation. Thank You may now for your disconnect your

TruBridge (TBRG) 4 May 222022 Q1 Earnings call transcript