                                                                Exhibit 99.1

Computer Programs and Systems, Inc. Announces Fourth Quarter and
Year-End Results; Company Increases Quarterly Dividend to $0.12 Per
Share

    MOBILE, Ala.--(BUSINESS WIRE)--Feb. 3, 2004--Computer Programs and
Systems, Inc. (NASDAQ/NM:CPSI):

    Highlights:

    --  Revenues increased 10.2% to $81.3 million for the year;

    --  Cash collections of $82.1 million for the year on sales of
        $81.3 million;

    --  Signed 12 new contracts in the fourth quarter, bringing total
        contracts for the year to 48;

    --  Implementation of new PACS, ImageLink(TM) at three hospitals;
        and

    --  Increased quarterly dividend to $0.12 per share.

    Computer Programs and Systems, Inc. (NASDAQ/NM:CPSI), a leading
provider of healthcare information solutions, today announced results
for the fourth quarter and year ended December 31, 2003.
    The Company also announced that its Board of Directors has
declared a quarterly cash dividend of $0.12 (twelve cents) per share,
an increase from the quarterly dividend of $0.085 (eight and 1/2
cents) per share paid in 2003. The dividend will be paid on February
27, 2004, to shareholders of record as of the close of business on
February 13, 2004.
    David Dye, chief executive officer and president of CPSI, stated,
"We are proud of our company's performance in 2003, particularly in
light of the difficult environment we faced during the year due to the
overall poor financial condition of our target market, community
hospitals. Our positive free cash flow of $6.0 million (before the
payment of dividends) for the year is a testament to the quality of
the products and support we provide to our customers. The CPSI Board
of Directors believes that the best use of the Company's cash, in
excess of what we need to continue to grow our business long-term, is
to distribute it to our shareholders through dividends. CPSI has no
current intention to pursue acquisitions, and we remain committed to
the development of our product suite, as evidenced by the recent
announcement of the release of our PACS product, ImageLink(TM)."
    Total revenues for the fourth quarter ended December 31, 2003,
increased 6.4% to $21.7 million compared with total revenues of $20.4
million for the prior year. Net income for the quarter ended December
31, 2003, was $2.2 million, or $0.21 per diluted share, compared with
net income of $2.4 million, or $0.23 per diluted share, for the prior
year.
    Total revenues for the year ended December 31, 2003, increased
10.2% to $81.3 million compared with total revenues of $73.7 million
for the prior year. Net income for the year was $7.9 million, or $0.75
per diluted share, compared with pro forma net income of $8.0 million,
or $0.80 per diluted share, for the prior year. The IPO in May 2002
resulted in a lower average diluted share count for 2002, and,
therefore, higher fully diluted earnings per share on comparable net
income. Pro forma adjustments reflect the provision for income taxes
as if the Company had been taxed as a C corporation for all periods
presented. Excluding pro forma adjustments, income before taxes for
the year ended December 31, 2003 and 2002, was $12.9 million and $12.6
million, respectively. During the fourth quarter, we completed the
filings of all S corporation and C corporation returns for the year
ended 2002. Based on these final 2002 tax returns, we recorded an
additional expense of $170,000 in the current period, which increased
our effective tax rate for 2003 to 39.0%.
    Mr. Dye continued, "During the fourth quarter, we added 12 new
facilities to our client base, bringing the total number of new
clients in 2003 to 48 and increasing our customer base to 490 clients
as of the end of the year. The 12 new hospital clients ranged in size
from 15 to 130 total beds, and the average contract size was $0.5
million."
    Commenting on the projected first quarter operations, Mr. Dye
stated, "We are anticipating a comparably difficult first quarter due
to the timing of new customer installations, the low average total
deal size of new contracts, and a lack of major add-on product
installations by our current customers. Our 12-month backlog as of
December 31, 2003, was $60.7 million, consisting of $15.8 million in
non-recurring system purchases and $44.9 million in recurring payments
for support, outsourcing, ASP and ISP contracts, compared with a
12-month backlog of $58.3 million as of December 31, 2002. For the
first quarter of 2004, we anticipate total revenues of $17 to $18
million and net income of approximately $0.4 to $0.7 million, or $0.04
to $0.06 per diluted share."
    In closing, Mr. Dye added, "Despite current market conditions, we
are extremely optimistic about the long term growth prospects for CPSI
based on several factors. Most importantly, we believe that the
Medicare Prescription Drug Bill passed late last year will have a
significant positive impact on the financial health of community
hospitals due to the increased reimbursement provisions in the bill
for rural hospitals. This anticipated increase in spending capacity,
combined with the well documented under-utilization of information
technology in the healthcare industry today and the growing focus on
the need for information technology in our market, should lead to a
dramatically improved marketplace for hospital information system
vendors by the end of 2004. We are confident that CPSI is well
positioned competitively to take advantage of the opportunities that
lie ahead of us."
    A listen-only simulcast and replay of CPSI's fourth quarter and
year-end conference call will be available on-line at www.cpsinet.com
and www.fulldisclosure.com on February 4, 2004, beginning at 9:00 a.m.
Eastern Time.

    About Computer Programs and Systems, Inc.

    CPSI is a leading provider of healthcare information solutions for
community hospitals with 490 client hospitals in 45 states. Founded in
1979, the Company is a single-source vendor providing comprehensive
software and hardware products, complemented by complete installation
services and extensive support. Its fully integrated, enterprise-wide
system automates clinical and financial data management in each of the
primary functional areas of a hospital. CPSI's staff of over 650
technical, healthcare, and medical professionals provide system
implementation and continuing support services as part of a
comprehensive program designed to respond to clients' information
needs in a constantly changing healthcare environment. For more
information, visit www.cpsinet.com.

    This press release contains forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be
identified generally by the use of forward-looking terminology and
words such as "expects," "anticipates," "estimates," "believes,"
"predicts," "intends," "plans," "potential," "may," "continue,"
"should," "will" and words of comparable meaning. Without limiting the
generality of the preceding statement, all statements in this press
release relating to estimated and projected earnings, margins, costs,
expenditures, cash flows, growth rates and future financial results
are forward-looking statements. We caution investors that any such
forward-looking statements are only predictions and are not guarantees
of future performance. Certain risks, uncertainties and other factors
may cause actual results to differ materially from those projected in
the forward-looking statements. Such factors may include: overall
business and economic conditions affecting the healthcare industry;
saturation of our target market and hospital consolidations; changes
in customer purchasing priorities and demand for information
technology systems; competition with companies that have greater
financial, technical and marketing resources than we have; failure to
develop new technology and products in response to market demands;
fluctuations in quarterly financial performance due to, among other
factors, timing of customer installations; failure of our products to
function properly resulting in claims for medical losses; government
regulation of our products and customers; interruptions in our power
supply and/or telecommunications capabilities and other risk factors
described from time to time in our public releases and reports filed
with the Securities and Exchange Commission, including, but not
limited to, our Annual Report on Form 10-K. We also caution investors
that the forward-looking information described herein represents our
outlook only as of this date, and we undertake no obligation to update
or revise any forward-looking statements to reflect events or
developments after the date of this press release.


                  COMPUTER PROGRAMS AND SYSTEMS, INC.
             Unaudited Condensed Statements of Operations
                 (in thousands, except per share data)

                                  Three Months Ended    Year Ended
                                     December 31,      December 31,
                                   ----------------  ----------------
                                    2003     2002     2003     2002
                                   -------  -------  -------  -------
Sales revenues:
 System sales                      $10,886  $10,659  $39,708  $38,309
 Support and maintenance             9,100    8,163   34,567   30,246
 Outsourcing                         1,743    1,594    7,028    5,189
                                   -------  -------  -------  -------
   Total sales revenues             21,729   20,416   81,303   73,744

Cost of sales:
 System sales                        7,240    6,933   28,045   25,838
 Support and maintenance             4,162    3,821   16,100   13,905
 Outsourcing                         1,104      966    4,259    3,182
                                   -------  -------  -------  -------
   Total cost of sales              12,506   11,720   48,404   42,925
                                   -------  -------  -------  -------
   Gross profit                      9,223    8,696   32,899   30,819

Operating expenses:
 Sales and marketing                 1,610    1,600    6,126    5,933
 General and administrative          3,878    3,630   14,227   12,817
                                   -------  -------  -------  -------
   Total operating expenses          5,488    5,230   20,353   18,750
                                   -------  -------  -------  -------

   Operating income                  3,735    3,466   12,546   12,069
Interest income, net                    63       56      216      190
Other                                   61      136      121      362
                                   -------  -------  -------  -------
   Income before taxes               3,859    3,658   12,883   12,621
Provision for income taxes           1,637    1,273    5,017    1,971
                                   -------  -------  -------  -------
   Net income                       $2,222   $2,385   $7,866  $10,650
                                   =======  =======  =======  =======

Basic earnings per share             $0.21    $0.23    $0.75    $1.06
                                   =======  =======  =======  =======
Diluted earnings per share           $0.21    $0.23    $0.75    $1.06
                                   =======  =======  =======  =======

Pro Forma Income Data:
Income before taxes
 as reported                                                  $12,621
Pro forma provision
 for income taxes                                               4,577
                                                              -------
Pro forma net income                                           $8,044
                                                              =======
Pro forma basic earnings
 per share                                                      $0.80
                                                              =======
Pro forma diluted earnings
 per share                                                      $0.80
                                                              =======
Weighted average
 shares outstanding:
  Basic                             10,488   10,488   10,488   10,024
  Diluted                           10,511   10,563   10,537   10,061


                  COMPUTER PROGRAMS AND SYSTEMS, INC.
                  Unaudited Condensed Balance Sheets
                            (in thousands)

                                                     Dec. 31, Dec. 31,
                                                      2003      2002
                                                     -------  -------

                                ASSETS

Current assets:
 Cash and cash equivalents                            $9,473   $6,352
 Accounts receivable, net of allowance for
  doubtful accounts of $904 and $768 respectively     11,917   12,599
 Financing receivables, current portion                1,113    1,341
 Inventory                                             1,102    1,615
 Deferred tax assets                                     973    1,006
 Prepaid expenses                                        364      328
 Prepaid income taxes                                    120       --
                                                     -------  -------
   Total current assets                               25,062   23,241

Financing receivables, long-term                         794      841
Property and equipment                                 9,909    8,216
Accumulated depreciation                              (4,561)  (3,389)
                                                     -------  -------

   Total assets                                      $31,204  $28,909
                                                     =======  =======

                 LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
 Accounts payable                                     $1,126   $2,094
 Deferred revenue                                      1,634    2,348
 Sales and use taxes payable                              39    1,258
 Accrued vacation                                      1,562    1,317
 Other accrued liabilities                             1,091    1,219
 Income taxes payable                                     --      194
                                                     -------  -------
   Total current liabilities                           5,452    8,430


Stockholders' equity:
 Common stock, par value $0.001 per share,
  30,000,000 shares authorized, 10,489,849
  and 10,488,000 shares issued and
  outstanding, respectively                               10       10
 Additional paid-in capital                           17,290   17,259
 Deferred compensation                                  (174)    (225)
 Retained earnings                                     8,626    3,435
                                                     -------  -------
   Total stockholders' equity                         25,752   20,479
                                                     -------  -------

   Total liabilities and stockholders' equity        $31,204  $28,909
                                                     =======  =======

    CONTACT: Computer Programs and Systems, Inc., Mobile
             M. Stephen Walker, 251-639-8100




