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

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Streamline Health Solutions (NASDAQ: STRM) has secured a contract with a 1,400-bed health system in the Mid-Atlantic to utilize its eValuator automated pre- and post-bill coding analysis technology. This initiative aims to enhance revenue integrity and financial performance from both inpatient and outpatient encounters. The eValuator platform will enable healthcare providers to identify coding issues early, thereby reducing revenue leakage, denied claims, and compliance risks. This strategic partnership aligns with Streamline Health's broader objective to standardize pre-bill technology across hospitals nationwide.

Positive
  • Secured contract with a major 1,400-bed health system, indicating strong demand for eValuator technology.
  • eValuator technology aims to reduce revenue leakage and improve financial performance, which could lead to higher client satisfaction and retention.
  • The initiative supports the transition to new payment models, enhancing financial stability for clients.
Negative
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Chooses Automated Pre-Bill Coding Analysis for
Inpatient and Outpatient Care

Atlanta, GA, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Streamline Health Solutions, Inc. (NASDAQ: STRM), a leading provider of solutions that enable healthcare providers to proactively address revenue leakage and improve financial performance, announced today it has signed a contract with a 1,400-bed, Oracle Cerner-EHR based health system in the Mid-Atlantic region. The system will use eValuator’s automated pre- and post-bill coding analysis technology to help improve revenue integrity and financial performance from inpatient and outpatient encounters.

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 & support 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 are pleased to help yet another health system get paid for the care they provide by optimizing revenue integrity prior to billing,” stated Ben Stilwill, President and Chief Executive Officer, eValuator Solutions. “eValuator’s automated analysis will enable them to easily identify and quantify potential coding issues, ensuring all reviews can be focused on the cases with the greatest impact on financial performance.”

About Streamline Health
Streamline Health Solutions, Inc. (Nasdaq: STRM) enables healthcare organizations to proactively address revenue leakage and improve financial performance. We deliver integrated solutions, technology-enabled services and analytics that drive compliant revenue leading to improved financial performance across the enterprise. For more information, visit www.streamlinehealth.net

To Learn More

Media
David Kosloski
Sr. Director, Marketing & Communications
651.308.1395
david.kosloski@streamlinehealth.net

Investors
Jacob Goldberger
Director, Investor Relations and FP&A
303.887.9625
jacob.goldberger@streamlinehealth.net


FAQ

What is the significance of the new contract signed by Streamline Health Solutions?

The contract with a 1,400-bed health system allows Streamline Health to implement its eValuator technology, aiming to improve revenue integrity and financial performance.

How does eValuator technology benefit healthcare providers?

eValuator technology helps providers identify coding issues before billing, reducing revenue leakage and denied claims.

What is the stock symbol for Streamline Health Solutions?

The stock symbol for Streamline Health Solutions is STRM.

When was the contract with the health system announced?

The contract was announced on October 6, 2022.

How large is the health system that Streamline Health partnered with?

The health system is a 1,400-bed facility located in the Mid-Atlantic region.

Streamline Health Solutions, Inc.

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