CPSI revenue dips 1% in Q1: 3 notes
Health information technology company CPSI reported $69 million in revenue for the first quarter of 2019, down 1 percent year over year.
CPSI also serves as a parent to EHR vendor Evident.
Three notes on the company's financial performance:
1. The company posted a net income of $3.4 million for the first quarter, a 25 percent decrease from $4 million during the first quarter of 2018.
2. Systems sales and support totaled $43 million of the company's revenue, down 6 percent year over year.
3. CPSI anticipates that its recent acquisition of Get Real Health, a remote patient care and planning platform, will help increase the company's position in the patient engagement market and fuel cost savings, CPSI President and CEO Boyd Douglas said in a news release.
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