WASHINGTON, D.C. – The American Health Care Association (AHCA) has announced today that a leading electronic health record (EHR) provider for the long term care and post-acute care sector has joined as a new partner of the Long Term Care Data Cooperative.
American HealthTech joins Brown University, Exponent Inc. and MatrixCare as partners in developing the largest and most comprehensive health records system and study of nursing home residents nationwide.
“We are excited to have American HealthTech join us on this effort,” said Mark Parkinson, president and CEO of AHCA. “Together with our partners we plan to transform the delivery of care for vulnerable residents in nursing homes to improve and save lives.”
Funded by the National Institute on Aging and led by AHCA, the Cooperative will collect and use nursing home residents’ electronic medical records and associated data, including lab results, to create comprehensive resident electronic health records to help providers monitor their residents’ needs and outcomes. The health records system will support public health reporting as well as allow academic researchers to generate real-world evidence on different treatments and care practices for the elderly and individuals with disabilities in nursing homes.
“We are pleased to partner with AHCA in development of the Long Term Care Data Cooperative. By lending our insight and expertise to this important initiative, we continue to do our part to support community heath by better understanding and utilizing resident data which will aid future prevention measures for COVID-19 or an equivalent health crisis,” said Claire Stephens, senior vice president of American HealthTech.
This multi-year initiative will translate data collected into information that is accessible and actionable for long term care, and will allow for nursing homes, to undertake public health surveillance, examine changes in the use of clinical treatments, and evaluate the impact policies have on resident outcomes.
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ABOUT AHCA/NCAL
The American Health Care Association and National Center for Assisted Living (AHCA/NCAL) represents more than 14,000 non-profit and proprietary skilled nursing centers, assisted living communities, sub-acute centers, and homes for individuals with intellectual and development disabilities. By delivering solutions for quality care, AHCA/NCAL aims to improve the lives of the millions of frail, elderly and individuals with disabilities who receive long term or post-acute care in our member facilities each day. For more information, please visit www.ahcancal.org.
ABOUT AMERICAN HEALTHTECH
American HealthTech, Inc. (AHT), a member of the CPSI family of companies, offers services and solutions created specifically for skilled nursing and senior living organizations. As a leading EHR provider to post‐acute care and senior living organizations of all sizes, the AHT solution delivers a seamless flow of information between care settings, resulting in better coordinated care and improved financial and clinical outcomes. For more information, visit www.healthtech.net.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act 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,” “projects,” “targets,” “predicts,” “intends,” “plans,” “potential,” “may,” “continue,” “should,” “will” and words of comparable meaning. Without limiting the generality of the preceding statement, all statements in this press release relating to the ability of American HealthTech to successfully partner with AHCA and others in developing the Long Term Care Data Cooperative 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: risks related to AHT’s and its partners’ ability to develop the Long Term Care Data Cooperative and the ability of this new system to track COVID-19 and future public health threats facing nursing homes; the continuing and future impact of the COVID-19 pandemic and related economic disruptions which have materially affected CPSI’s revenue and could materially affect CPSI’s gross margin and income, as well as CPSI’s financial position and/or liquidity; actions to be taken by CPSI in response to the pandemic; the legal, regulatory and administrative developments that occur at the federal, state and local levels; CPSI’s potential inability to attract and retain qualified client service and support personnel, as well as the disruptive effect of sales force restructurings; exposure to numerous laws, regulations and other requirements through CPSI’s international business activities; potential failure to develop or enhance products in response to market demands, as well as undetected errors or problems in new products or enhancements; potential disruptions, breaches, or other incidents affecting the proper operation, availability, or security of CPSI’s or its partners’ information systems, including unauthorized access to or theft of patient, business associate, or other sensitive information or inability to provide patient care because of system unavailability; dependence on licenses of rights, products and services from third parties; service interruptions resulting from loss of power and/or telecommunications capabilities; changes in revenues due to declining hospital demand and deteriorating macroeconomic conditions (including increases in uninsured and underinsured patients); potential increased expenses related to labor or other expenditures; the impact of our substantial indebtedness and the ability to refinance such indebtedness on acceptable terms or at all, as well as risks associated with disruptions in the financial markets and the business of financial institutions as the result of the COVID-19 pandemic which could impact us from a financial perspective; and other risk factors described from time to time in CPSI’s public releases and reports filed with the Securities and Exchange Commission, including but not limited to, CPSI’s most recent Annual Report on Form 10-K. We also caution investors that the forward-looking information described herein represents CPSI’s outlook only as of this date, and CPSI undertakes no obligation to update or revise any forward-looking statements to reflect events or development after the date of this press release.