LARGE MIDWEST ACADEMIC MEDICAL CENTER SIGNS NEW CONTRACT FOR STREAMLINE HEALTH® eVALUATOR™

Rhea-AI Summary

Streamline Health Solutions (NASDAQ: STRM) has secured a contract with a large academic medical center in the Midwest to implement its eValuator™ Revenue Integrity Program. This technology assists in pre- and post-bill coding analysis to enhance revenue integrity for both inpatient and outpatient services. By identifying coding issues before submission, it aims to reduce revenue leakage and compliance risks. The contract reflects a growing trend among healthcare providers to adopt pre-bill technology to improve financial outcomes amid complex payment guidelines.

Positive

• New contract with a major academic medical center will enhance revenue integrity.
• eValuator technology enables pre-bill coding analysis, reducing revenue leakage and compliance risks.
• Aligns with industry trend towards financial performance improvement through advanced technology.

Negative

• None.

Automated Coding Analysis for Inpatient and Outpatient Billing

Atlanta, GA, June 23, 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, announced it signed a contract last week with another academic medical center in the Midwest. This large hospital 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 financial performance while also assisting in the transition to new payment models.

“We’re committed to helping all providers leverage pre-bill technology to drive revenue integrity, and this signing is further validation that providers are ready for it as well,” stated Tee Green, President and Chief Executive Officer, Streamline Health. “Today’s payment guidelines are incredibly complex, and any number of coding or documentation issues can negatively impact reimbursement at a time when providers need it most. By helping to identify and address these issues prior to billing, eValuator will help ensure they’re getting fully and fairly reimbursed for all encounters.”

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 Marketing Officer
(404) 229-4242
randy.salisbury@streamlinehealth.net

FAQ

What is the recent contract signed by Streamline Health Solutions (STRM)?

Streamline Health Solutions signed a contract with an academic medical center in the Midwest to implement its eValuator Revenue Integrity Program.

How does eValuator technology benefit healthcare providers?

The eValuator technology helps healthcare providers by identifying coding issues before billing, reducing revenue leakage and compliance exposure.

When was the contract with the academic medical center announced by STRM?

The contract was announced on June 23, 2020.

What does the eValuator Revenue Integrity Program aim to achieve?

The program aims to optimize coding and documentation accuracy, thereby improving financial performance for healthcare providers.

How does the contract impact Streamline Health Solutions' market position?

This contract strengthens Streamline Health Solutions' position in the market as a leader in pre-bill revenue integrity solutions.