Services-Computer Programming ServicesIFRS · EUR

TruBridge, Inc.

TruBridge, Inc. provides healthcare technology and outsourced revenue cycle management services for rural and community hospitals, their clinics, and other healthcare systems in the United States. The company’s offerings center on electronic health record software, patient care applications, and financial health services that help providers manage clinical workflows and patient billing operations.

Liikevaihto347milj. EUR
+1,2 %v/v
Liikevoitto (EBIT)20,8milj. EUR
+227,0 %v/v
EBIT-marginaali6,0%
+4,1 %-yks.v/v
Nettotulos4,4milj. EUR
+120,8 %v/v
Vapaa kassavirta35,6milj. EUR
+16,9 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−1000100200300400milj. EUR2020: 264 milj. EUR2020: EBIT 21 milj. EUR20202021: 281 milj. EUR2021: EBIT 25 milj. EUR20212022: 327 milj. EUR2022: EBIT 23 milj. EUR20222023: 339 milj. EUR2023: EBIT −43 milj. EUR20232024: 343 milj. EUR2024: EBIT 6,4 milj. EUR20242025: 347 milj. EUR2025: EBIT 21 milj. EUR202534721
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Financial Health64 %

Outsourced revenue cycle management and related financial services for healthcare providers.

Patient Care36 %

EHR, clinical workflow, and patient care software used by hospitals and clinics.

Asiakkaat

TruBridge sells primarily to rural and community hospitals, along with their affiliated clinics and other healthcare systems. Its customers buy software and services to support clinical documentation, patient access, billing, collections, and broader financial operations. The company’s installed base also creates opportunities to cross-sell outsourced financial services into existing healthcare software accounts.

Rural and community hospitals

Buy EHR, patient care, and financial health solutions to run core clinical and billing operations.

Hospital clinics and affiliated practices

Use patient care applications and interoperability tools for documentation and care coordination.

Healthcare systems

Purchase outsourced RCM and related services to improve financial operations at scale.

Existing Patient Care customers

A key cross-sell base for Financial Health services and recurring subscriptions.

Strategia

TruBridge is focused on expanding Financial Health by cross-selling services into its existing Patient Care customer base and by winning new hospital and health system accounts. It also seeks to protect and grow recurring revenue through customer retention, subscription adoption, and continued modernization of its healthcare technology stack.

Cross-sell Financial Health servicesLyhyt aikaväli

The installed software base is the main channel for expanding outsourced RCM revenue.

Grow recurring revenueKeskipitkä aikaväli

Recurring subscriptions and services stabilize revenue and support customer lifetime value.

Modernize Patient Care offeringsKeskipitkä aikaväli

SaaS and updated workflows improve competitiveness versus legacy EHR alternatives.

Win competitive takeawaysKeskipitkä aikaväli

Replacing incumbent systems can expand market share in acute care markets.

Maantiede

TruBridge is a U.S.-based company and its business is centered on domestic healthcare providers. The available disclosures do not provide a country revenue split, but the customer base and operating footprint are described in terms of U.S. rural and community hospitals and related healthcare systems.

Riskit

TruBridge faces demand and execution risk tied to healthcare IT spending, hospital consolidation, and regulatory change in the U.S. healthcare system. Its business also depends on retaining existing customers, successfully migrating them to subscription and SaaS models, and competing against larger vendors with greater resources.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Healthcare regulatory uncertainty1Customer retention and migration risk2
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Healthcare regulatory uncertaintyVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Changes in reimbursement, payment programs, and IT rules can affect hospital budgets and buying decisions.

    Kohdistuu: U.S. hospital clients

  2. Customer retention and migration riskVaikutus: KorkeaTodennäköisyys: Matala

    The model depends on keeping production customers and moving them toward recurring subscriptions.

    Kohdistuu: Patient Care installed base

  3. Competition from larger vendorsVaikutus: Korkea

    Competitors with greater financial and technical resources can win replacements or displace products.

    Kohdistuu: EHR and RCM markets

  4. Market saturation and hospital consolidationVaikutus: Keskitaso

    A smaller target market and fewer independent hospitals can limit new sales opportunities.

    Kohdistuu: Rural and community hospitals

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition across mixed contract types

The company sells installations, subscriptions, and services with different timing patterns, affecting quarterly revenue comparability.

Vaikutus: Can shift revenue between periods depending on contract structure and delivery

Annual Contract Value (ACV) bookings

Bookings reporting changed to ACV for Patient Care, which affects how investors interpret pipeline and growth trends.

Vaikutus: Improves comparability but may differ from prior TCV-style reporting

Allowance for credit losses

Healthcare provider customers may pay over extended cycles, requiring judgment on collectability.

Vaikutus: Affects receivables and bad debt expense

Software development costs and intangible assets

Capitalization, amortization, and valuation assumptions can materially affect operating results.

Vaikutus: Influences expense recognition and balance sheet carrying values

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

TruBridge, Inc. – Services-Computer Programming Services | Analyysi – Clarifo