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Business Summary: TruBridge, Inc. is a provider of healthcare solutions and services for community hospitals, their clinics and other healthcare systems. The Company operates through three segments: RCM, HER and Patient Engagement. The RCM segment focuses on providing a complete revenue cycle management (RCM) solution for all care settings, regardless of their primary healthcare information solutions provider, along with business management, consulting, managed IT services, analytics and business intelligence. The EHR segment provides comprehensive acute care solutions and related services for community hospitals and their physician clinics. The Patient Engagement segment offers comprehensive patient engagement and empowerment technology solutions to improve patient outcomes and engagement strategies with care providers. Its wholly owned subsidiaries include Viewgol, LLC, iNetXperts, Corp. doing business as Get Real Health, Healthcare Resource Group, Inc. and Healthland Holding Inc.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Trubridge Inc revenues increased 4% to $339.4M. Net loss applicable to common stockholders totaled $44.8M vs. income of $15.6M. Revenues reflect RCM segment increase of 8% to $193.9M, Patient engagement segment increase of 7% to $7.4M. Net loss reflects Goodwill impairment increase from $0K to $35.9M (expense), General and administrative increase of 39% to $76.2M (expense).