Computer Programs and Systems, Inc. Signs Nine New Contracts.Business Editors/Health/Medical Writers MOBILE, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .--(BUSINESS WIRE)--Oct. 9, 2003 Computer Programs and Systems, Inc. (NASDAQ/NM:CPSI CPSI Computer Programs & Systems, Inc. (Mobile, Alabama) CPSI Creative Problem Solving Institute CPSI Certified Playground Safety Inspector CPSI cells per square inch CPSI Configurable PostScript Interpreter ), a leading provider of healthcare information solutions, announced today that it added nine healthcare facilities to its customer base during the third quarter, bringing the total number of hospital clients to 479 as of September 30, 2003. All of the facilities, which are located in nine different states across the country, will install CPSI's financial and patient accounting modules. In addition, five of the hospitals contracted to implement the Company's clinical applications such as nursing order entry, lab, and pharmacy, and four facilities signed on to install major patient care applications including nursing point-of-care and Chartlink, CPSI's physician chart review and order entry system. The average contract for software, hardware, conversion, and installation and training was $460,000, and the hospitals varied in size from 20 to 119 acute care beds. In addition to the new customer contracts, the Company announced that Arkansas Methodist Medical Center, a 129-bed facility located in Paragould, Arkansas Paragould is a city in Greene County, Arkansas, United States. According to 2006 Census Bureau estimates, the population of the city is 23,775. ranking it as the state's 17th largest city, behind Russellville. , and a CPSI customer since 1989, will implement the nursing point-of-care, pharmacy, bedside medication verification, enterprise wide scheduling, operating room management Operating Room Management is the science of how to run an Operating Room Suite. Operational Operating Room Management focuses on maximizing operational efficiency at the facility, i.e. , and Chartlink applications during the fourth quarter of 2003 and the first quarter of 2004. Commenting on the facilities' decision to expand its clinical information technology investment, Harry Hutchison, the hospital's vice president of finance, stated, "Hospitals are approaching a time where, in order to remain competitive, it is imperative to allow clinicians real-time access to their patients' clinical information via an electronic medical record. We believe that installing CPSI's patient care applications will allow our facility to continue to attract quality nurses and physicians in the years to come. Most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , through the use of wireless bedside medication verification and computerized physician order entry, we will improve the quality of care that we provide to the patients in our community." About Computer Programs and Systems, Inc. CPSI is a leading provider of healthcare information solutions for community hospitals with more than 479 client hospitals in 45 states. Founded in 1979, the Company is a single-source vendor providing comprehensive software and hardware products, complemented by complete installation services and extensive support. Its fully integrated, enterprise-wide system automates clinical and financial data management in each of the primary functional areas of a hospital. CPSI's staff of over 650 technical, healthcare, and medical professionals provide system implementation and continuing support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services as part of a comprehensive program designed to respond to clients' information needs in a constantly changing healthcare environment. For more information, visit www.cpsinet.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements can be identified generally by the use of forward-looking terminology and words such as "expects," "anticipates," "estimates," "believes," "predicts," "intends," "plans," "potential," "may," "continue," "should," "will" and words of comparable meaning. Without limiting the generality gen·er·al·i·ty n. pl. gen·er·al·i·ties 1. The state or quality of being general. 2. An observation or principle having general application; a generalization. 3. of the preceding statement, all statements in this press release relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. and future financial results are forward-looking statements. We caution investors that any such forward-looking statements are only predictions and are not guarantees of future performance. Certain risks, uncertainties and other factors may cause actual results to differ materially from those projected in the forward-looking statements. Such factors may include: overall business and economic conditions affecting the healthcare industry; saturation of our target market and hospital consolidations; changes in customer purchasing priorities and demand for information technology systems; competition with companies that have greater financial, technical and marketing resources than the Company; failure to develop new technology and products in response to market demands; fluctuations in quarterly financial performance due to, among other factors, timing of customer installations; failure of our products to function properly resulting in claims for medical losses; government regulation of our products and customers; interruptions in our power supply and/or telecommunications capabilities and other risk factors described from time to time in our public releases and reports filed with the Securities and Exchange Commission, including, but not limited to, our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . We also caution investors that the forward-looking information described herein represents our outlook only as of this date, and we undertake no obligation to update or revise any forward-looking statements to reflect events or developments after the date of this press release. |
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