ADDED
As of March 26, 2026, the registrant had outstanding 14,906,825 shares of its common stock.
Special Note Regarding Forward-Looking Statements 5 PART I 1 Business 7 Overview 7 Industry Dynamics 7 Strategy 9 Our Products and Services 10 Software Development 14 Product Strategy 14 System Implementation and Training 15 Commercial 15 Backlog 16 Competition 16 Health Information Security and Privacy Practices 17 Intellectual Property 18 Human Capital 18 Material Government Regulations 20 Executive Officers 21 Company Web Site 21 1A.
These segments contribute towards the combined focus of improving the health of the communities we serve as follows: The Financial Health reporting segm ent focuses on providing business management, consulting, and managed IT services along with its complete RCM solution for all care settings, regardless of their primary healthcare information solutions provider.
This reporting segment includes the operation of Viewgol, TruBridge Healthcare Private Limited, HRG, HHI, and Healthland.
The Patient Care segment also offers comprehensive patient engagement and empowerment technology solutions through the Get Real Health entity to improve patient outcomes and engagement strategies with care providers.
During 2025, we generated revenues of $346.8 million from the sale of our products and services.
CMS estimates that national health spending is projected to grow at an average annual rate of 5.8% through 2033 and will reach $8.6 trillion in 2033.
Hospital expenditures grew by 8.9% to approximately $1.6 trillion in 2024, dramatically slower than the 10.4% growth rate in 2023.
Medicare Advantage enrollment in rural communities has quadrupled since 2010 and reached approximately 48% of rural Medicare beneficiaries in 2024, with penetration already exceeding 50% in several states.
At the same time, recent analyses indicate that Medicare Advantage plans reimburse rural hospitals at only about 90% of traditional Medicare rates and impose increasingly demanding prior authorization and other administrative requirements, which can delay or deny payment and further strain already fragile rural providers.
REMOVED
As of March 12, 2025, the registrant had outstanding 14,870,198 shares of its common stock.
Special Note Regarding Forward-Looking Statements 4 PART I 1 Business 6 Overview 6 Industry Dynamics 6 Strategy 8 Our Products and Services 9 Software Development 12 Product Strategy 13 System Implementation and Training 13 Clients, Sales and Marketing 13 Backlog 15 Competition 15 Health Information Security and Privacy Practices 16 Intellectual Property 16 Material Government Regulations 18 Human Capital 17 Executive Officers 19 Company Web Site 20 1A.
These segments contribute towards the combined focus of improving the health of the communities we serve as follows: The Financial Health reporting segm ent focuses on providing a complete RCM solution for all care settings, regardless of their primary healthcare information solutions provider, along with business management, consulting, managed IT services, analytics and business intelligence.
The Patient Care segment also offers comprehensive patient engagement and empowerment technology solutions to improve patient outcomes and engagement strategies with care providers.
During 2024, we generated revenues of $342.6 million from the sale of our products and services.
CMS estimates that national health spending is projected to grow at an average annual rate of 5.6% through 2032 and will reach $7.2 trillion in 2031.
Hospital expenditures grew by 10.4% to approximately $1.5 trillion in 2023, dramatically faster than the 3.2% growth rate in 2022.
Medicare Advantage enrollment in rural communities has grown by nearly 50% from 2019 through 2023.
These objectives are all in support of our corporate strategy, centered around the following components: Core Growth Our core growth initiatives include cross-selling Financial Health solutions and services into our existing sizeable Patient Care client base and expanding our Financial Health market share with sales to new community hospitals with less than 400 beds.
We are active members of 8 TRAIN (Trustworthy and Responsible AI Network), representing our customers alongside large Integrated Delivery Networks ( IDN ) and health systems to help shape the governance and controls to implement AI safely, as well as allowing us a broad view of what is happening in the arena of healthcare in order to keep pace with the developments.