TruBridge initiated with an Outperform at RBC Capital

RBC Capital analyst Sean Dodge initiated coverage of TruBridge with an Outperform rating and $13 price target. The analyst says the company’s realignment around revenue cycle management, where it now offers a more complete set of outsourced billing and collecting capabilities to smaller sized hospitals, provides it with a “much larger and attractive” growth opportunity versus the clinical software space it has historically focused on. The firm does not think investors are fully appreciating the significance of TruBridge’s transformation nor the magnitude of the growth opportunity that lies ahead.