The following is a summary of the TruBridge, Inc. (TBRG) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Q3 bookings increased significantly, maintaining a strong trend with more than $20 million in total bookings.

• Financial health revenue grew by 5% organically, excluding contributions from Viewgol; core CBO business grew by double-digits.

• Adjusted EBITDA margin reached 16.5%, with a sequential expansion and a notable improvement from previous quarters.

• Cash flow from operations significantly improved by roughly $9 million year-over-year to $22 million.

• Revenue for the quarter was $83.8 million, with a slight increase over the previous year, primarily bolstered by strategic acquisitions like Viewgol.

Business Progress:

• Continued integration and expansion in India, expected to double the customer base supported by the team in India to 60% by the end of 2025.

• Launched and investing in an analytics platform to leverage customer data, enhancing clinical outcomes and optimizing revenue cycles.

• Leadership changes and management restructuring to enhance operational focus and strategic execution.

Opportunities:

• Expanding the global workforce in India, aiming to significantly enhance operational efficiency and client service capabilities.

• Leveraging advanced analytics to provide deeper insights and improve service offerings.

• Continued emphasis on nTrust solutions, showing robust growth and uptake among new and existing clients.

Risks:

• Initial duplicative costs and challenges in transitioning clients to offshore support in India could temporarily affect operational efficiency.

• Market and economic shifts influencing health insurance and payment models, impacting revenue cycle management dynamics.

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