CPSI - Earnings call transcript Q2 2022

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Operator

Greetings and welcome to CPSI Second Quarter 2022 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. It is now my pleasure to introduce your host, Dru Anderson. Dru. you, Thank

begin. You may

Dru Anderson

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

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

Chris Fowler

you as joining of today thank with recent And in for everyone. us the thrilled role afternoon, you XXrd opportunities. and Good future our I'm discuss to CPSI, on CEO Dru. day performance call. on Thanks, my to new and be I'm my

forward us, David, provide which update will after questions. the financial look two your along of Following taking my comments, Matt with to a

and ahead second XXXX. the into representing As you CPSI remain release total EBITDA bookings most our our TruBridge growth revenue an of almost previously our and in afternoon, highlighted importantly, quarter, With in excellent CPSI in this way of stated we pace likely of $XX to revenue had transform by quarter, and million the leading achieve we in objective XX% platform to journey services care XX% on by revenue HRG, comprised CPSI growth achieved XXX% of outstanding XX% of and cloud-based and and our a results grew growth solutions course. HRG. also over health acquisition with total the bookings recent outperformance organic Noticeably, TruBridge and quarter when TruBridge organic XX% revenue. recurring and including digital continues both of almost incredibly year-over-year led of TruCode in year-over-year saw

of excited hospital substantially also during hospital the million large a cross-sells sharing very on more care a about were the into quarter points equally segment. high also health sales TruBridge Care record system bolstered during market noteworthy base future. care on health EHR and Operationally, bookings $X.X Evident by highlights, in TruCode details near look we this in had We quarter. systems execution and $X.X the enterprise the our TruBridge the deal forward up. to contract bookings near the Acute are into was We record million. finally, were And which

our and a implementation in includes that Our us health records Get XXX the accessible the of go-live their Group. transparency solution half roll-out patient and care in the Real over to Medical ability first enabling to scheduling, quarter. this to the additional complete previously the internationally, our self-registration, had appointment U.S., door acute to communications, domestic clinics Get environment while solution domestic opportunity deliver system similar than And after XX in in in bill Health Real showcases of front Specific provider and is skills. their Health for several and virtual medical This on patient of digital from significant record go of management had XX more fourth price revenue to for and the pay, Steward digital a our a prospects also Steward solution. front rising coding for successful states, that. currently schedule are success and ones and just services, ambulatory considerable we're are visits, the loved care costs and has facilities labor cycle to facets have post-acute installation the door we shortage to these process creates pressure customers do under ourselves our hospital

leverage our our allow scale, client While markets AI immune and the the to to time needs to often compress we're not of and partnerships, access frames. and of financial challenges, offshore same strength, us in-shore meet

significantly lag will the Live. labor investment enable resources the meet better and long-term increased we quarter, short- crisis needs to internal the offshore time for execution from to contract And this customers' us decreased our as future. During Go our continues and and the foreseeable therefore, likely Service

calls, customer existing million in over As previous of stated opportunity. our bases have revenue TruBridge $XXX

of goal vision. pleased retain adoption I spend very continued new applications paramount each quarter our time to TruBridge to continued both be our of that and context, some and updates these provide on our With we're and against efforts. CPSI's to like is success our above said, growth. for Evident would we are performance such, calls that strategic retention. to related will As to satisfy our the central retention cloud-based ability The to

vision and completed I For our long-term days early next have time. and to our details will to as CEO, my call look forward XXX at more I that first updates November, in sharing

focus. out items I important three However, call in that already are will

is growth calculated through and First, products identify in thoughtful investment M&A. acceleration revenue for and existing to internal opportunities services

to first and strategy ensure advantage of fully that and take we the allocation order course, work After digital return. of thoroughly finally, In shareholder culture can CPSI. endless And regulatory, indescribably of economic in aggressively evolving at to enjoyable. an of maximum innovation hospital at to and been sheet years in our they of strong post-acute leaders pressures CPSI maintain my cash our of as stress continue flows always and daily that challenging, provide balance and build meetings capital so in it's progress the accelerate solutions work to rewarding transformation to is providing and of patients and partner need CEO regularly our Second, customers, already competitive positions, for quality they to evaluate to XX working in care. services the various complementary and provide focus they the their and a with and highest can platform on patient a operations, clear that first solely of month clinicians has that and

to partner. to been our meet talented and customers' members team, our needs. existing team both Matt. growth. exceed shareholders personal the the will by creating for country their the rewards in across opportunities ensure customers be With over helm providing of with reap turn of will employees encounter the in face-to-face work I going to and that, and amazed at say, invest learning to We're proud determination continuous substantially at our be I'll We and consistently I've the that them I'm conversations efforts. and CPSI, to that And enthusiastically and and new, the our to I Needless alongside call

Matt Chambless

our Chris, some the performance high-level good a provide walk booking second a call, through financial quarter detail including additional I'll Thanks, On today's and results. afternoon, on quarter, overview brief of and everyone.

soon. flow further through and SaaS of and TruBridge disciplined EHR harvesting stability strategy and remaining execution strong fronts Our acquisitions second the to total continued opportunities to pipeline growth customers. through TruBridge and revenues and before for driven likely centers unprecedented the revenue bookings indicate for of expansion, CPSI organic revenues on by cash all the three record-setting enhancing across-the-board seen transition isn't on Successful these quarter's scale offering recurring deepening expanding this pace growth embracing anytime has slow levels our never set our to while

three that method converts is straightforward, to Year-over-year line a dynamics, improved and intentional health investments profitability severity. constrained growth factors; bad primary mix in during and license nuanced EBITDA the the which expansion While in our growth marketing luck terms claim around by story more quarter sales top second efforts, was discussion. of is the metrics by

highly nonrecurring EHR materialized volatile, down revenues XXXX. of license to First, from headwinds the detach to the sources. revenue in higher-margin as $X.X we form of nonrecurring quarter second related ourselves continue mix decreased, the from million revenues were

marketing since Client expansion recent of excluding growth TruBridge million M&A. Conference held onset of for is time pandemic. related in bookings. the million the XXXX, $X.X the quarter our to necessary and This $X person investment increased first Second, to almost the the our National increasing includes this past maintain sales momentum our of in This saw on year the capitalize opportunity quarter in to and second a impact the from significant costs,

discernible trend don't nearly XXXX, of the impact go-forward a employee level cost normalized Lastly, pattern in uptick high-cost, this second the in the a increasing claims total this and on past severe of of causing we There's double, health health of expect M&A. basis. no claims saw claimants excluding to million from $X quarter quarter flood or high-cost cost

each Looking a continue items, expect level EHR with future elevated of EBITDA. the impressive in Pairing this comes Sales as quarter, three positioned XXXX in these close. we we're for near-term naturally costs to headwinds, growth don't ease for forward on reasonably to well high should health levels mix at marketing our license forward. top cost claims from gains pressures going normalization and past line adjusted distinct these seasonally normalize and should

EBITDA will in Specifically see we into continued the third momentum quarter, gains. for that expect to revenue growth translate

expected is come will However, lower limited to revenues. margin that growth from revenue EBITDA be service expansion as

expectations product some we labor third costs. development capitalization SG&A expect will reduced costs of to SG&A offset in the quarter, around Although the alleviate current much

[$X.X revenue results. over of in TruCode came on adjusted despite our same recent million] of decreased and Moving quarter's the and combined to contributing XXXX over second past EBITDA. HRG increase EBITDA XX% time frame a TruCode the Consolidated HRG. growth [$X.X adjusted acquisitions from the quarter million] of

$XX March, [$XX.X the our March of of On totaled on this of our the pro and and are adjusted The EBITDA for nearly adjusted to more rate HRG closed and was year-to-date with expectations compared of announcement date $X synergies stated run the EBITDA the of $XX.X for identified first Revenues million X HRG early of for of million] million million release. outperforming $X.X activity expectations in of annual revenues include forma in have than and million of million also EBITDA million quarter's initial initial second $X.X a our million. to annual pace adjusted now HRG, full quarter million since recent of million basis, quarter initial $X.X $XX year-to-date. cost our Synergies quarter $X.X annual we've for from a which year. as the acquisition of period $X total ahead acquisition revenue of

$X.X EHR in acquired ago. quarter quarterly by of less year EBITDA converting on from our earlier of bookings net TruCode label than actioned $X.X particularly large adjusted net the or elevated with to bookings above full of and the talent to are and addition to support cross-sell of $X.X wins the $X.X total to be new for propelled we results expense run quarter cohort accounting quarter growth of Expanding to representing the second drove new second XXXX. [TruBridge] second were estimate than a May bookings and license has to TruCode $X from to we bookings System of million as base, totaled XX% in EBITDA wins and the the than TruCode TruBridge Xx end sales the we'd more The mix year absent for quarter, XX% at quarter a and to million, quarter's XXXX a signings. on a gratifying quarter with XXX% new the contributed quarter's bookings increased from in half second as client of models quarter consecutive and of $X.X adjusted Although marking market. million with to million our saw million sequentially or $XXX,XXX. XXXX, those once Revenues Chris' second year-to-date TruBridge HRG SaaS Comparatively, number sixth increase increased momentum revenues the continuation TruBridge the more TruCode million the the both for considerable be the $X.X margins. total second impact hospital bookings, Specific decision performance quarter items Compared from $X.X the $X.X adjustments force. record purchase environment of this with the continues first performance million as added strong ago, than SaaS decreased target comments or million same cross-sell XXXX. the bookings XX% rate XX% EBITDA EHR for sales year-to-date increase and million TruBridge's met contract net by both dominated quarter just the outside new revenues sequentially year-to-date. and product. a sequentially $X.X for $X.X by second quarter and by million more of considerable TruBridge, XX% to million of bookings as

the revenue X% year. million or XX% the million or headwinds from sequentially I second the second distinct interest the X.X% sequentially discussed improvements second in of organic recurring to record levels met profitability was made last quarter EBITDA year $X.X up was $X million growth to last declines Organic of the and adjusted XXXX. and both the of and financials. of same These $XX.X resulting increasing X% contribution from earlier, drove Non-GAAP $X recurring or quarter. second the decreased rates HRG's line total revenue the Turning million million of and from and total of XX% quarter further past effective with from that top income over stretch. XXXX XX% were while widened revenues of the increased revenues X% revenues, as revenue total the second during XX% sequentially net growth quarter quarter or XX% quarter gaps. tax Recurring $X.X expense three

our sequentially an quarter a of of line. revenues the XX% increased as inclusion Looking deeper the full HRG at added incremental to activity million $X top segments, TruBridge

a license $XXX,XXX pullback reported in Health Our cautioned from Combined and our would quarter's cause Health of Real and first that Real from call revenues subsidiaries, last amounts TruCode by XX% and businesses. TruCode these slight timing both high-margin we TruBridge earnings include decreased revenue Get on the Get or quarter.

same-store Get TruCode the hospital of patient X%. We back call TruBridge revenues also These caused Organically, of outside Health which HRG driving on primary second of towards volumes, more XX% the TruBridge grew from decrease declines and XX% record last the the first the gross lower-margin, XXXX. second decrease XX% the HRG Real are mix levels. XXXX. Compared HRG, quarter margins increased cautioned and XX% backs on second were XXXX, a first injection by to revenues from the their revenues of the during pull likely by by compared and or driver quarter to to $XXX,XXX to during acquisitions. quarter margin revenues TruCode the past TruBridge streams, service-intensive over to tilted quarter during perspective, of revenue revenue the gross XX% quarter From of quarter to revenue of

X% second on placing second compared in and XX% revenues XXXX. post-acute the of and quarter resulted gross significant new Next, arrangements, to our system pressure sales and continued in support $X.X we revenues were during advance XXXX, challenges EHR Compared to recurring as models due quarter X% previous to decreasing the XXXX or of second continue in sequentially decreased during the million revenues. revenue segment. to down nonrecurring quarter to margins of retention the XX% quarter revenues XX.X% Declining

increase further regulatory burden. the to $X.X both income costs a our HRG the operating quarter of and the as Client with other million compared cloud and resource future XXXX in with of to XXXX. quarter causing of for addition costs of and Closing expenses. the rate the the quarter, XX% also volatility strategy claims claims. Compared of first administrative over the sales were Conference $X $X.X of quarter a $XXX,XXX mostly $X.X nearly driven increased XX% our in the second the public Product increased tax client resumption increased growth development sequentially as intentional out other increased the spending our flat sequentially, G&A National XX% costs XXXX. million or General quarter while increase primary were costs marketing XX% expansion drove first second incremental and costs. incremental quarter million quarter associated million Health the XXXX added in-person statement, effective and from XX% of marketing of in over $X.X on second and culprit health costs or second costs. in Moving the to or introduced conference increased investments XXXX, million the to by Sales to

full a expanded to of receivables of From around income continue $XX.X as We $X.X expansion a $X.X XX%. net onetime XX-month quarter. by of XXXX, XX% operating XX, of down cash sequentially to from operating to XX% EBITDA percentage the a million second quarter the expect mostly $X compared while second year June million receivables were cash record decreased to cash of at to of first the flow $X.X integration-driven disruptions as receivables million $X.X million tax flows integration rate net net trailing million adjusted This standpoint, decrease quarter and flows down were effective during XXXX. million of to levels XXXX's drove due contracted as as the end

temporary that quarter's our facilities past credit share M&A, to agreement's quarter's reinvestment to the million us, being also credit have announced were we to capital CPSI value-based as $XX the the of report align revolver forward. community. benchmark a the last which internal refinancing with These earnings adjusted optimally leverage through increase allocation strategy, investing repurchases. rate As we with to capital in with deploy capacity, tweaks conversion EBITDA flexibility increase of how EBITDA to to better changes we SOFR measure an in release, opportunistically and conjunction positioned prioritizes are the going furtherance In adjustments step-up and to rate acquisition, following disruptions major of a combination expect behind a transition max in the our

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

that rollups potential opportunities our and enhance TruBridge pipeline to programmatic supplement strategy tuck-ins. M&A groom service feel tremendous there's continue opportunity to with valued our We offerings M&A fit and and recently of

during second million the month quarter, nonoperating factors, in outstanding form and quarter by of of like be related considering capitalized We'd quarter's $X.X remind to and share capital internal weighted will EPS placed capital minimal that quarter. the development also allocation number potential costs all availability, are software the average and ever repurchases. largest of cadence of million our a volume of of the needs have resulting of for share metrics allocation cost uses of alternatives were the M&A, and $X.X Our of in final been in capital influenced impact the replacement value and reinvestments Nearly continue repurchases considering repurchases to but and These capital other investors to our alternatives. certainly and priorities evolving. shares capital

successes repurchase metrics. So level views of reflect activity top of not proud our absorb line of of and the To on we're value headwinds achieve and our the bottom our may given stock. things the late quarter in out, strong to business resiliency close intrinsic a line

As and on margin through to line trajectory view increased offshoring, to for is automation and we'd that, to growth like we continue open up questions. line amplify up long-term the CPSI's the efficiency our execute And top and on our for with strategy right.

Operator

Please question. first Piper Jeff from you. question Instructions] Garro [Operator your the line Sandler. Thank of Our comes proceed with with

Jeff Garro

of for the ask booking taking business. afternoon. drivers the Good want success TruBridge about part I in the question. Thanks to of

labor Or of success environment? it's Just decision-making, there in curious driving combination related to a is the the that other the catch-up there? key some factor seeing you're HRG with whether benefits maybe that's --

David Dye

this and talent HRG. Jeff, his afternoon, Matt in that in in can small have got the in the and we acquisition came too. of hey, the acquisition it's systems labor as or say on of meet it's that more sales us the here. from with latter that Certainly, HRG. and just XX certainly, and some I X job deals, commentary, to able mentioned and hospitals we're which and both challenges space, do we market there's in already days, We've Good it's to hospitals David doing next were closing didn't and they the and the with the the saying, larger into health begin improved somebody lost we to it's hospital fact great the a much good continue in well. and which oftentimes calling before, some And they're certainly systems, and those coders And health have environment and a particular is really enterprise they community larger really of coding needs. would XX

Jeff Garro

items on that Great. That's helpful. on greater inference on maybe growth to focus touch a than like little margin expansion. Chris move And on mentioned and It super focus maybe sounds those. the an bit three

if will growth you exciting that any on have opportunities curious the need continued more So to capture areas thoughts investment ahead. of

Chris Fowler

Yes.

that to on on continue on road. we meet continue out knowing as to capacity that full on we side the really that I sure relates question, well the been and obviously the as balance where to we'll talking us expand continued we're to the it Obviously, that we right is feeds first Jeff, related that quarters pull have offshoring the services needs, for last the margins interest about think now, down the now. into over to savings the execute market are right the two our in to have TruBridge several the side. levers making initiatives the big TruBridge based cost Those laser-focused automation. And

customers then serve of So we'll continue the make to in [indiscernible]. to a on we're point, automation we position that the focused want sure to to be and

Jeff Garro

Makes sense. in queue. it. Got I'll hop back the

Chris Fowler

Jeff. Thanks

Operator

Hill with Please Bank. with Deutsche question next George the of line from question. comes your Our proceed

George Hill

how weakness, interested of if is trends afternoon, talk segments expect to kind to as you functional Chris, which of kind the good servicing M&A then negative have guys. I do most cross-sell mix from Chris, And persist? are Yes, perspective? particularly of the think and the you it about first my you the guys question, days. guess about talked question, guess you be that guys an margin you I clients guess I XX and to about it pipeline. attractive taking now, the a kind talk could you as long the also already Thanks I'd extensive on for right first congrats can relates relates

Chris Fowler

Yes.

and the So Matt I'll give take us side. margin let the with in him ring I'll first jump on one, the then and

we two, back everything last with got you look M&A, you if TruCode Get think Health, three little at a And base last opportunity that the As they're the about think on I just of cross-sell there. last if we the and look HRG, with bit call, deals really customer focus the TruCode touched to the us nice else. we dollars maybe into Real -- and points a our on for this to already spending somewhere

our drivers we potential are to our for But for one leaning year they're revenue opportunities time, where as we've new secondly, we're services at not we play consolidation very those that and ability that side. the our if first increase the not TruBridge side, want we're opportunity other, we the overlap efficiently that with to or keep now, evaluate side. a success is early now. efficiencies what right provided it's solution that we or same with in. in success HRG obviously, do the them -- would there, that a was probably on say provide HRG much then right for have So us introducing the the versus realizing something that customers through what to TruCode seen or additional more to way that the necessarily found on leaning consolidation continue open And with eyes an bring obviously, service to seen I we've

say and question. margin where really let Matt would duly on the I'll I side, we're So the focused that's take M&A

Matt Chambless

Yes.

commentary, margin line, the $XX So was the opening about this primarily impact, pressure was at from that EBITDA. George, gross of stated side. on come the margin EBITDA And really we we we step the kind a bottom HRG million quarter it of was year of second that on look we through. almost million think back, final the about of going HRG-related time HRG in that $X when final did pressure think kind -- margin take on revenue margins the the When of really the the to

to pretty EBITDA. a So that's healthy through margin

don't on that forward. this much either margins least being What And bit end pull there or some were the volatility and different growth going past we -- sales and our really time. think So EBITDA intentional and that to that self-insured TruBridge. some a sales drag not in marketing. happened the forward a like is marketing we more of really investments to on at here to of or combined quarter being in suffers to us places then try drag a spend see on The anomalies insurance part little for time things, just of intentional claims more reasonably kind health business of doing side of

Chris Fowler

I more margin with to Yes. gross going And thing I'll the had add -- back on opportunity, sorry, George, especially the one margin side HRG specifically.

none getting and offshoring, automation started HRG of that. Just to on doing was still everybody, while we're the remind

they say, at opportunity let's we're we're first -- would to home plate. where still the head rounding So be second,

So we be lag good. is there'll but a a pretty think there, of the bit upside

Matt Chambless

vendor what potential the second timing $XXX,XXX. half the renewals was P&L are limited HRG contract the -- kind we've those should synergies synergy quarter from of the should somewhere X/XX, opportunities of as like of decisioned roughly things be around to million that there there We of and in to be P&L. $X I the And our mean estimate more of Yes. items to that, those and the mentioned remarks in of on as we forward look EBITDA on And more impact capture margin, we've particularly we actually $X.X but million. upped prepared upside

So there's a lot of upside there.

George Hill

side, buy you question does part. to -- sounds you benefits kind Okay. benefit the to the a guys' is And even guys risk kind are it guys win of issue given is, flip sense something on that that your And even just would guess you company? I maybe public I little side consider? a even just a make visibility like of follow-up. really Is wouldn't you selection just any have like Or on that the guys adverse like some guess, quick sunset? do

Matt Chambless

self-insured the cover on the being versus I'll first, so fully benefit health Well, side. Yes. insured more

to term scale, we were our subject plan sense the long for health health us view take do These kind caused just fairly and a look participants thing from the from acute short-term tail the have doesn't these at a do term unfortunate fully none just we the And for does but in uptick incidents, time. prospects of risk visibility, happen is time that things kind kind But lingering of diagnosis of really impacted financially long to have and these we claims kind although make the these we financial term was maintenance when that them. us long them, just and with a a bad Given really ensuring look appear volatility. of luck. that claims have, long really encouraging some of kind when at year] that associated our were by it's this standpoint of [last of

kind we a do onetime bump that So are road. these of the think in

George Hill

Okay. Thanks well. for you. hop the Thank color teammates your and as --

Matt Chambless

George. Thanks

Operator

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

Joy Zhang

on thanks your guys, taking again for Chris questions. days. congrats for my Hi And first XX

the wins. bookings question, of composition on up hoping new the the for on granularity following TruBridge more Just

the customers existing wondering there versus is but is across deal, much customers that you're a the remarks, an at new color or You size new Any of from would was one age seeing in prepared one-off? in mentioned wins wins or be deal helpful. increase how average the more on also enterprise new all

Matt Chambless

Yes.

core side. to earnings you we of out was the And new. in again, the those margin composition, much on the tables that I net provided for because really release where that's one believe versus of at the of enterprise deal kind is pull-through, mentioned -- worth So -- $X bookings chose a TruBridge I bookings particularly how that was TruCode the of excited cross-sell bookings of news the kind place break Joy, about XX% if Chris that's million margins us. great of

Joy Zhang

what I recession? is to the this, guess of meaningful a downside but a Got the your that helpful. is safety lot is is it. business net full-fledged folks. on [indiscernible] top And recession we into given And a flip be of impossible That's federal kind recession I then not of mind incremental the Depending last that comp the recognize to of use. a as

Chris Fowler

credit Do the you on side. want to start

Matt Chambless

Yes.

risks capital actually So thoughts the what we'll our potential the does for from interest there, rate our look right taking now. where are structure that, long-term and with are is and at on they potential rates start down to what impact a that settle

it just that for it they as I'll to a So more makes on -- risk injects chime on things. bit think in through David I about hairier that structure capital things a little risk. us think say side wouldn't we and what let It's little bit of Chris navigate the operationally.

Chris Fowler

TruBridge Yes, the here, I that's more of revenue contingent worst house. I'll jump in more Joy. we hospitals volumes seeing. on say a and at our of the see continue take obviously, And to are case as would side that the

also biggest the the be could think similar over up the claim we that look that opportunity hurrying You -- that, where short-term COVID look a sort some our there from are to could people where at see again, last would you done. hit. be something something history elective elective win get some that are could services But of the would have quarter see that I would that services be could to that people area to to

it the that. else just ball, crystal be that So then We a risk I business. to biggest would does. and to don't an operationally the there relates might say like have up would down nobody as be

see. wait so and And we'll kind just of

Joy Zhang

you. Thank helpful. Super

Operator

questions no I'd call back like in remarks. are queue. the management There the to further closing hand for to

Chris Fowler

thanks, and have I all. your week. of Bye-bye. Thank us for Yes. rest hope and Tuesday wonderful Doug, rest a you of today. Thanks, you a your good everybody, joining

Operator

Thank this conclude for and teleconference. today's gentlemen, you your participation. does Ladies

at this You may lines disconnect and wonderful day. time, your have a

TruBridge (TBRG) 2 Aug 222022 Q2 Earnings call transcript