Large Mid-Atlantic Health System Signs New Contract for Streamline Health® eValuator™

Rhea-AI Summary

Streamline Health Solutions (NASDAQ: STRM) has announced a new contract with a major health system in the Mid-Atlantic, set to utilize its eValuator™ Revenue Integrity Program. This cloud-based solution aims to enhance revenue integrity by identifying coding issues before billing, consequently mitigating revenue leakage and compliance risks. The partnership signifies a growing trend in healthcare towards pre-bill technology, aiming to optimize financial performance amidst evolving payment models. CEO Tee Green highlights the significance of supporting quality care delivery through this collaboration.

Positive

• Contract signed with a large health system in the Mid-Atlantic, enhancing revenue integrity.
• eValuator technology helps reduce coding errors and revenue leakage prior to billing.
• Partnership supports financial performance improvement and compliance.
• Focus on pre-bill technology indicates a strategic industry shift.

Negative

• None.

Automated Coding Analysis for Inpatient and Outpatient Care

Atlanta, GA, Sept. 08, 2020 (GLOBE NEWSWIRE) -- Streamline Health Solutions, Inc. (NASDAQ: STRM), provider of the eValuator™ Revenue Integrity Program to help healthcare providers proactively address revenue leakage and compliance exposure, today announced it has signed a contract with a large health system in the Mid-Atlantic region. The health system will use eValuator’s cloud-based automated pre- and post-bill coding analysis technology to help improve revenue integrity for their inpatient and outpatient services.

Streamline Health is leading an industry movement to enable every hospital in the country to use pre-bill technology to improve financial performance. With eValuator, providers are identifying and addressing coding issues before they contribute to revenue leakage, denied claims and non-compliance exposure. The company combines this new technology with expert auditing services to deliver a complete Revenue Integrity Program to its clients. The eValuator program helps users optimize coding and documentation accuracy for every patient encounter prior to billing, substantially improving current financial performance while also assisting in the transition to new payment models.

“We’re very excited that this client has entrusted Streamline Health to be their partner in driving pre-bill revenue integrity,” stated Tee Green, President and Chief Executive Officer, Streamline Health. “This client’s flagship facility is an Academic Medical Center and the primary care provider for its surrounding communities, and we’re proud to help support their mission of delivering quality care during these trying times.”

About Streamline Health

Streamline Health Solutions, Inc. (NASDAQ: STRM) is a leader in pre-bill revenue integrity solutions for healthcare providers. Our eValuator™ Revenue Integrity Program includes integrated solutions, technology-enabled services and analytics that drive compliant revenue across the enterprise. We share a common calling and commitment to advance the quality of life and the quality of healthcare - for society, our clients, the communities they serve, and the individual patient. For more information, please visit our website at www.streamlinehealth.net.

Disclosure Regarding Client Relationships

This announcement may contain statements regarding the availability and sale of solution offerings from Streamline Health Solutions, Inc. Readers should understand that inherent risks in contractual relationships, such as changes in duration, scope or volume and similar unanticipated events, may come into play, and readers are cautioned to consider such factors in any reliance on these statements.

Company Contact:
Randy Salisbury
SVP, Chief Sales & Marketing Officer
(404) 229-4242
randy.salisbury@streamlinehealth.net

FAQ

What recent contract did Streamline Health Solutions announce?

Streamline Health Solutions announced a contract with a large health system in the Mid-Atlantic to use its eValuator™ Revenue Integrity Program.

How does the eValuator™ program benefit healthcare providers?

The eValuator™ program helps healthcare providers identify coding issues before billing, reducing revenue leakage and compliance risks.

What is the significance of Streamline Health's partnership with the health system?

The partnership emphasizes the growing trend of using pre-bill technology in healthcare to improve financial performance and support quality care.

When was the announcement regarding Streamline Health Solutions made?

The announcement was made on September 8, 2020.

What stock symbol is associated with Streamline Health Solutions?

The stock symbol for Streamline Health Solutions is STRM.