Computer Programs And Systems To Offer Microsoft HealthVault

Get Real Health, a wholly-owned subsidiary of Computer Programs and Systems, Inc. (NASDAQ:CPSI) , announced that it has enabled migration capabilities with Microsoft (NASDAQ:MSFT) HealthVault. Lydia, Get Real Health’s multi-faceted solution, will provide users a seamless transition path in receiving a complete personal health record solution. The solution is designed for individual consumers and organizations.

This marks an important step for Computer Programs and Systems in the healthcare information technology (HCIT) space.

More about Lydia

Lydia’s application migration capabilities for HealthVault-connected applications facilitate effortless transition for HealthVault users.With a HealthVault-compatible API and a SMART on FHIR-compatible interface, Lydia is a unique development and integration platform for health apps.

Lydia is powered by Get Real Health’s flexible InstantPHR patient engagement platform and the CHBase personal health data and security platform. The platforms generate crucial and actionable data to better manage health conditions.

Former HealthVault account holders will benefit from Lydia’s state-of-the art features that include a sleek,new user experience, an increasing ecosystem of connected devices as well as Touch ID among others.The entire platform spans the healthcare spectrum and can cater to patients in a home or clinical setting.

Market prospects

Per Wolters Kluwer, the global Healthcare IT market is expected to witness a CAGR of 13.4% during the forecast period of 2015 to 2020. Hence, the development of this platform is well-timed.

Recent Developments

Lately, Computer Programs and Systems is making investments in several developments to strengthen its foothold in the HCIT space.

In April 2019, Evident LLC, another wholly-owned subsidiary of the company, announced that the Oklahoma Spine Hospital has selected the cloud-hosted Thrive EHR solution to replace their existing system through a Software-as-a-Service (SaaS) payment model. Evident is a leading provider of electronic health record (HER) systems and services.

In March, Evident announced that Jasper General Hospital has selected the cloud-hosted Thrive EHR solution for their hospital and clinic along with the TruBridge revenue cycle products and services to enhance the quality of financial and business operations.

Sunnybrook Health Sciences Centre and Evident, recently announced that they are extending their existing partnership by leveraging their respective key digital assets. This partnership will create a first, made-in-Canada, Hospital Information System (HIS) solution.

Price Performance

In the past year, the company’s shares have underperformed the industry. The stock has declined 20.9% compared with the industry’s 3.6% rise.

Zacks Rank and Key Picks

Computer Programs and Systems currently carries a Zacks Rank # 3 (Hold).

Some better-ranked stocks in the broader medical space are Cerner Corporation (NASDAQ:CERN) , Penumbra (NYSE:PEN) and Bruker Corporation (NASDAQ:BRKR) . Each of these carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1(Strong Buy) Rank stocks here.

Cerner’s long-term earnings growth rate is expected to be 13.5%.

Penumbra’s long-term earnings growth rate is projected at 21.5%.

Bruker’s long-term earnings growth rate is estimated at 11.7%.

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