CPSI Names Wes Cronkite as New Chief Innovation Officer
11 May 2021 - 12:00AM
Business Wire
Key Role to Help Company Reach Adjacent Markets Through
Innovation
CPSI (NASDAQ: CPSI), a community healthcare solutions company,
today announced that Wes Cronkite has been named the Company’s new
Chief Innovation Officer, effective May 3, 2021. In this new senior
position for CPSI, Cronkite will play a significant role in the
Company’s three-year strategic plan that includes further
developing and supporting a culture of innovation. Leveraging the
strength of CPSI’s single solution strategy, his leadership will
accelerate the push for innovation necessary to thrive in the
dynamic markets served by CPSI. Key areas of focus will be on
digital health growth and patient experience solutions in both the
United States and international markets.
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CPSI Names Wes Cronkite Chief Innovation
Officer (Photo: Business Wire)
Cronkite has over 10 years’ experience working as a senior
technology leader with leading healthcare providers and technology
companies. He most recently served as Senior Vice President,
Innovation & Strategy for BrightSpring Health Services, the
leading provider of comprehensive home and community-based health
services to complex populations in need of specialized care. His
career in healthcare technology included previous senior positions
with nThrive, IBM and WebMD. Cronkite has a bachelor’s degree and
MBA from Seton Hall University and is currently a candidate for a
Master of Liberal Arts, Information Management Systems, from
Harvard University.
Commenting on the announcement, Boyd Douglas, president and
chief executive officer of CPSI, said, “We are delighted to welcome
Wes Cronkite to our senior management team in this important new
role for CPSI. Our commitment to innovation has always been a
driving force behind the success of CPSI, and we are excited about
our renewed focus for the next stage of our growth. To support our
innovation efforts, we have also moved our corporate headquarters
to downtown Mobile that will also help create a strong culture of
collaboration and innovation across our family of companies. Wes
will be an integral part of this transformation, and we look
forward to his valuable insight and contributions as we continue to
execute our growth strategy.”
Cronkite added, “I am excited to take on this new role with
CPSI. I believe my previous experience in driving digital
transformation in an agile manner and launching new products in the
healthcare technology sector are commensurate with the Company’s
strategic objectives, which will ultimately have a considerable
impact on the industry at a time where technology innovation is
imperative. I look forward to the opportunities ahead for CPSI and
our customers.”
About CPSI
CPSI is a leading provider of healthcare solutions and services
for community hospitals, their clinics and post-acute care
facilities. Founded in 1979, CPSI is the parent of four companies –
Evident, LLC, American HealthTech, Inc., TruBridge, LLC and
iNetXperts, Corp. d/b/a Get Real Health. Our combined companies are
focused on helping improve the health of the communities we serve,
connecting communities for a better patient care experience, and
improving the financial operations of our customers. Evident
provides comprehensive EHR solutions for community hospitals and
their affiliated clinics. American HealthTech is one of the
nation’s largest providers of EHR solutions and services for
post-acute care facilities. TruBridge focuses on providing
business, consulting and managed IT services, along with its
complete RCM solution, for all care settings. Get Real Health
focuses on solutions aimed at improving patient engagement for
individuals and healthcare providers. For more information, visit
www.cpsi.com.
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,” “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 Company’s execution of its growth strategy and impact on the
community hospital industry, including through innovation, 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: the impact of the ongoing 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 taken by
CPSI in response to the pandemic; the legal, regulatory and
administrative developments that occur at the federal, state and
local levels; changes in revenues due to declining community
hospital demand and deteriorating macroeconomic conditions
(including increases in uninsured and underinsured patients);
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; 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 our public
releases and reports filed with the Securities and Exchange
Commission, including, but not limited to, our most recent Annual
Report on Form 10-K and Quarterly Report on Form 10-Q. 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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version on businesswire.com: https://www.businesswire.com/news/home/20210510005196/en/
Tracey Schroeder Chief Marketing Officer
Tracey.schroeder@cpsi.com (251) 639-8100
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