Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Newton Juhng - BB&T Capital.
Newton Juhng - BB&T Capital Markets
After the last call we talked a lot about CFO concerns within the hospitals and I was just wondering if you could give us an idea as to what has gone on with your interaction with them that has caused you to believe that you are going to see the up tick in the back half of the year.
Rob Seim
CFOs are definitely a concern. We don’t want to give the impression that we don’t still see that. We talked about the credit markets the last time just causing a lot of angst amongst the financial management at hospitals. That’s still there and I think it’s going to take some time for that to go away. On top of that we’re, as I said in the call, we have learned that a lot of hospitals have less interest income, less cash flow, even though their admissions are the same, their reimbursements may be the same, they just have a lot of less cash flowing through their systems and their operating costs are up with so many of the things that they purchase being based in petroleum or just the freight in on it.
We still see that kind of environment. We have been working though, over the last six months to, of course make sure that we’re as competitive as we can possibly be. The SinglePointe product in the market place now is definitely gaining a lot of interest. There are just a lot of followings for it.
There are always large hospital organizations that are in the process and as I said, Randy said, we see several large hospital organizations in our pipeline and moving through their process now where they had been at the beginning of last quarter more stalled. We have additional leasing partners on in case there are any concerns with financing with our customers; we have more lease capacity available to us.
So, all of that gives us some visibility to what is coming. It is still a little bit unclear to us exactly how fast or how slow the market is moving, but we are 90-days smarter now from last quarter and we can see what is coming in front of us.
Newton Juhng - BB&T Capital Markets
One of the things I was just wondering about was just with the share buyback here. You said that you had $25 million done at the end of the quarter. Can you give us an update as to where you are right now, is there still some room left there, because we are just trying to figure out what level of share count would be appropriate for the third quarter.
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