Computer Programs and Systems, Inc. ( (TBRG) ) has released its Q4 earnings. Here is a breakdown of the information Computer Programs and Systems, Inc. presented to its investors.
TruBridge, Inc. is a healthcare solutions company specializing in technology-driven services that enhance the financial and clinical operations of healthcare organizations. The company operates in the healthcare technology sector, offering a suite of revenue cycle management and electronic health record solutions.
TruBridge recently reported its financial results for the fourth quarter and full year of 2024, revealing a revenue of $339.2 million for the year and $87.4 million for the fourth quarter. Despite a net loss of $23.1 million for the year, the company achieved an adjusted EBITDA of $53.1 million, indicating improved operational efficiency.
Key highlights from the report include the rebranding to TruBridge, significant debt repayment, and the divestiture of American Health Tech. The company also reported solid organic growth in its Financial Health segment, which accounted for a significant portion of the total revenue. Additionally, the transition of a portion of its client base offshore and the appointment of Amy O’Keefe to the Board of Directors were strategic moves aimed at enhancing financial expertise and operational capabilities.
Looking forward to 2025, TruBridge aims to focus on customer satisfaction, operational optimization, and sales pipeline expansion. The company anticipates generating total revenue between $345 million and $360 million, with adjusted EBITDA expected to range from $59 million to $66 million, reflecting a positive outlook for future growth and value delivery to stakeholders.
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