TruBridge, Inc. (NASDAQ:TBRG) Q1 2024 Earnings Call Transcript

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Chris Fowler: Well, it’s a good question. First of all, we have several customers that are already using Nuance. So that was the first kind of proof point for us. I do think you bring a good question that we have to continue to create optionality for our customers and make sure that we have — it’s not a 1 size fits all. And while we are focused on the smaller end of the market, we have hospitals that are 5 beds. We have hospitals that are 75 beds and the needs and the demands may be a little bit different. So we’ll continue to evaluate with the larger customer base, how Nuance fits in as a solution both from a functionality and from a pricing standpoint and see if there’s additional opportunities for us to be able to bring other partners in.

Stephanie Davis: Super helpful. Thank you guys.

Chris Fowler: Thanks Stephanie.

Operator: Thank you. We’re showing time for one last question today. Today’s last question is coming from Sarah James of Cantor Fitzgerald. Please go ahead.

Sarah James: Thank you. So I just wanted to clarify if there’s…

Vinay Bassi: Sorry, Sarah. Sarah, can you hear us? Operator, can you hear us?

Operator: Yes, I can hear you. Sarah, please make sure your phone did not go on to mute. Sarah, can you please respond? It seems like she is having some phone difficulties. We will now take our last question from George Hill of Deutsche Bank. Please go ahead.

George Hill: Hey guys. Thanks for taking the question. Chris, two quick ones for you, I guess, and Vinay, welcome to the call. First is I know that you guys didn’t have a lot of direct exposure to the change hack, but I was wondering if it created incremental sales opportunities for you guys and what drove that? And then, Chris, you made an interesting comment in your prepared commentary around how the turnaround and the changes that you guys are trying to affect are difficult to achieve in the public view. I think we’ve all kind of observed the performance of the stock price. I’m going to ask a question that you probably can’t answer too directly, but I guess can you talk about how the company thinks about optionality for creating shareholder value given all the changes that you guys are trying to enact and kind of the performance of the stock price over the last year or so? Thanks.

Chris Fowler: Yes, absolutely. Thanks, George. So first, on the change question, Yes. We have definitely seen some opportunity come out of that. We were able to very quickly stand up what we call a fast track conversion for hospitals, providers that we’re looking for a clearing house that was able to kind of mitigate the cash flow challenge that they were facing. And so we did see a nice uptick in that. Obviously, we’ll continue to monitor opportunities there as people are evaluating who they’re using for their clearing house and be mindful of the situation and ready to take on new business as it comes. I do think that we’ll continue to see opportunities over the next 12 months coming in from that from that. On the second, I’ll answer it this way.

Before we think about anything else, we’ve got to execute. We’ve got to continue to execute, and that’s what we are maniacally focused on and making sure that we are doing the right things for the company to make sure that we are, one, hitting the numbers that we said we’re going to hit, but also making sure that we’re continuing to build and capture the opportunity that we believe is in this market, both in the EHR and from the RCM standpoint. So we’re — we continue to be optimistic about this year and the future. And again, for us, it’s about — let’s continue to see the quarter stack out, let’s continue to bear the fruit of the work that we’ve done on the transformation. And I do believe that the shareholder — the value of the stock will be represented in that.

George Hill: Thanks for the comments.

Chris Fowler: Thanks, George.

Operator: Thank you. At this time, I’d like to turn it back to management for any closing comments.

Chris Fowler: Thanks, Donna, and thanks again for everybody for an early morning start to this Friday, and thanks for your continued interest in TruBridge. Have a wonderful weekend.

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