CPSI Announces the Refinancing of Credit Facilities to Create Flexibility for More Opportunistic Future Uses of Capital and Provides Update on Current Market Conditions - Seite 2

• Cash on-hand is currently more than $13 million, compared to approximately $8 million of cash on-hand at May 5, 2020. No additional borrowings under our revolving credit facility have been made since March 31, 2020.
• On June 15, 2020, trailing 10-day and 20-day cash collections increased 38% and 2%, respectively, compared to the same periods in 2019. On May 5, 2020, trailing 10-day and 20-day cash collections were up 24% and 3%, respectively, year-over-year.
• As of the May 5, 2020, quarterly earnings call, TruBridge volumes were roughly 40% below benchmark (pre-COVID-19 levels), having stabilized at that level for multiple weeks. TruBridge Revenue Cycle Management (RCM) volumes have since improved to 20% below benchmark, Medical Coding volumes have improved to nearly even with benchmark, and volumes for our Accounts Receivable Management Services have improved to roughly 30% below benchmark.”

“CPSI’s performance across each of these metrics is either in line with or surpassing our expectations for this point in time given the current situation,” said Boyd Douglas, president and chief executive officer of CPSI. “The improvement we are seeing boldly underlines the fact that this refinancing is a proactive measure, made possible by the strength of CPSI’s business and our valuable lending relationships, to better position CPSI to execute on its long-term growth initiatives and take advantage of the opportunities that the current economic turmoil may present.”

About CPSI
CPSI is a leading provider of healthcare solutions and services for community hospitals, their clinics and post-acute care facilities. Founded in 1979, CPSI is the parent of four companies – Evident, LLC, American HealthTech, Inc., TruBridge, LLC, and iNetXperts, Corp. d/b/a Get Real Health. Our combined companies are focused on helping improve the health of the communities we serve, connecting communities for a better patient care experience, and improving the financial operations of our customers. Evident provides comprehensive EHR solutions for community hospitals and their affiliated clinics. American HealthTech is one of the nation’s largest providers of EHR solutions and services for post-acute care facilities. TruBridge focuses on providing business, consulting and an end-to-end RCM solution, for all care settings. Get Real Health focuses on solutions aimed at improving patient engagement for individuals and healthcare providers. For more information, visit www.cpsi.com.