Computer Programs and Systems

In 1979, the healthcare technology company Computer Programs and Systems, Inc. (CPSI) was founded in Mobile, Alabama, by Michael Muscat. The company set out to provide technology solutions specifically for small and rural hospitals, a niche often overlooked by larger tech firms. CPSI developed electronic health record (EHR) systems designed to manage patient data and streamline operations for these smaller healthcare facilities. A pivotal moment in the company's journey was its Initial Public Offering (IPO) in 2002, which allowed it to raise capital and expand its reach within the community healthcare market. The company also grew through a series of strategic acquisitions. In 2015, CPSI acquired Healthland and its affiliates for $250 million, significantly strengthening its market position. This was followed by the acquisition of Healthcare Resource Group in 2022 and Viewgol in 2023, further expanding its revenue cycle management (RCM) capabilities. As the company evolved, it began to expand its services beyond just EHRs, moving into the growing field of revenue cycle management. This led to the creation of its subsidiary, TruBridge, which provided financial and consulting services. In a significant strategic shift, CPSI announced in February 2024 that it would rebrand the entire company as TruBridge, Inc. This change, which took effect in March 2024 with a new NASDAQ ticker symbol, TBRG, consolidated its diverse offerings under a single, unified identity, marking a new chapter in its four-decade history.