Computer Programs and Systems, Inc. (NASDAQ:CPSI) Q4 2016 Earnings Conference Call - Final Transcript

Feb 09, 2017 • 04:30 pm ET

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Computer Programs and Systems, Inc. (NASDAQ:CPSI) Q4 2016 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the CPSI Fourth Quarter and Year End 2016 Earnings Conference Call. During today's conference call, all participants will start in a listen-only mode. Later, we'll conduct a question-and-answer session. [Operator Instructions] A quick reminder, today's conference is being recorded, it's Thursday, February 9, 2017.

It is now my pleasure to introduce Boyd Douglas, President and Chief Executive Officer, CPSI. Please go ahead, sir.

Executive
Boyd Douglas

Thank you, David. Good afternoon, everyone, and thank you for joining us. During this conference call, we may make statements regarding future operating plans, expectations and performance that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We caution you that any such forward-looking statements only reflect management expectations and predictions based upon currently available information and are not guarantees of future results or performance. Actual results might differ materially from those expressed or implied by such forward-looking statements as a result of known and unknown risks, uncertainties, and other factors, including those described in our public releases and reports filed with the Securities and Exchange Commission, including but not limited to, our most recent Annual Report on Form 10-K. We also caution investors that the forward-looking information provided in this call represents our outlook only as of this day and we undertake no obligation to update or revise any forward-looking statements to reflect events or developments after the date of this call.

Joining me on the call today will be Matt Chambless, our Chief Financial Officer; Chris Fowler, Chief Operating Officer; and David Dye, our Chief Growth Officer. At the conclusion of our prepared comments, we will be available to take any questions that you may have.

2016 was a year of real change for CPSI that has had a positive impact for us. The manifestation of new and future opportunities that we are now executing against has been a welcome challenge for us. Our now expanded breadth of solutions has allowed us to broaden how we view our addressable target market. No longer are we confined to small and rural hospitals, but we now have the ability to consider small and rural communities as our market.

Keeping quality healthcare local is central in our drive to build healthier and more vital communities. With that in mind, CPSI, a community healthcare solutions Company, has a path to grow that extends beyond information technology. We are increasingly proud of the progress made in leveraging our expanded resources across product, sales and marketing in a focused and aligned approach that not only benefit us from an operational perspective, but most importantly has had a positive impact on the client experience. Continued investment and focus in these areas will help us drive long-term value for this broader market and is grounded in our commitment to deliver quality product, support and services that truly meet the needs of our clients well into the future.

In January, we announced the launch