STOCK TITAN

Streamline Health® Adds Quality Module to Existing eValuator Relationship

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Streamline Health Solutions (NASDAQ: STRM) has expanded its relationship with an existing eValuator client by adding the new eValuator Quality Module. This addition is expected to increase SaaS revenues from this client by 25%. The Quality Module enables real-time risk scoring and quality measurement impact, allowing healthcare providers to assess claim risk scores and their effect on quality measurements instantly. The AI-powered system analyzes 100% of encounters in real-time, helping providers accurately capture and bill for care while avoiding denials.

Streamline Health Solutions (NASDAQ: STRM) ha ampliato la sua relazione con un cliente esistente di eValuator aggiungendo il nuovo Modulo di Qualità eValuator. Si prevede che questa aggiunta aumenti i ricavi SaaS da questo cliente del 25%. Il Modulo di Qualità consente una valutazione del rischio in tempo reale e un impatto sulla misurazione della qualità, permettendo ai fornitori di assistenza sanitaria di valutare istantaneamente i punteggi di rischio delle richieste e il loro effetto sulle misurazioni di qualità. Il sistema alimentato dall'IA analizza il 100% degli incontri in tempo reale, aiutando i fornitori a catturare accuratamente e fatturare per le cure evitando dinieghi.

Streamline Health Solutions (NASDAQ: STRM) ha ampliado su relación con un cliente existente de eValuator añadiendo el nuevo Módulo de Calidad de eValuator. Se espera que esta adición aumente los ingresos de SaaS de este cliente en un 25%. El Módulo de Calidad permite la puntuación de riesgo en tiempo real y el impacto en la medición de la calidad, lo que permite a los proveedores de atención médica evaluar instantáneamente los puntajes de riesgo de reclamaciones y su efecto en las mediciones de calidad. El sistema impulsado por IA analiza el 100% de las interacciones en tiempo real, ayudando a los proveedores a capturar y facturar con precisión los cuidados mientras evitan denegaciones.

Streamline Health Solutions (NASDAQ: STRM)는 기존의 eValuator 고객과의 관계를 확대하여 새로운 eValuator 품질 모듈을 추가했습니다. 이 추가로 인해 해당 고객의 SaaS 수익이 25% 증가할 것으로 예상됩니다. 품질 모듈은 실시간 위험 점수 및 품질 측정의 영향을 가능하게 하여, 의료 제공자들이 청구 위험 점수와 그들의 품질 측정에 대한 영향을 즉시 평가할 수 있도록 합니다. AI 기반 시스템은 실시간으로 100%의 만남을 분석하여 제공자들이 치료를 정확하게 포착하고 청구하면서 거부를 피할 수 있도록 돕습니다.

Streamline Health Solutions (NASDAQ: STRM) a élargi sa relation avec un client existant d'eValuator en ajoutant le nouveau module de qualité eValuator. Cette addition devrait augmenter les revenus SaaS de ce client de 25%. Le module de qualité permet d'évaluer les risques et l'impact des mesures de qualité en temps réel, permettant ainsi aux prestataires de soins de santé d'évaluer instantanément les scores de risque des réclamations et leur effet sur les mesures de qualité. Le système alimenté par l'IA analyse 100 % des rencontres en temps réel, aidant ainsi les prestataires à capturer et à facturer avec précision les soins tout en évitant les refus.

Streamline Health Solutions (NASDAQ: STRM) hat seine Beziehung zu einem bestehenden eValuator-Kunden erweitert, indem das neue eValuator-Qualitätsmodul hinzugefügt wurde. Es wird erwartet, dass diese Ergänzung die SaaS-Einnahmen dieses Kunden um 25% steigert. Das Qualitätsmodul ermöglicht die Risikoauswertung in Echtzeit und den Einfluss auf die Qualitätsmessung, sodass Gesundheitsdienstleister sofort die Risikoauswertungen von Ansprüchen und deren Auswirkungen auf die Qualitätsmessungen bewerten können. Das KI-gesteuerte System analysiert 100% der Begegnungen in Echtzeit und hilft den Anbietern, die Versorgung genau zu erfassen und abzurechnen, während Ablehnungen vermieden werden.

Positive
  • Expected 25% increase in SaaS revenue from existing client
  • Expansion of existing client relationship with new module implementation
  • Enhancement of product offering with real-time AI-powered analysis capabilities
Negative
  • None.

Insights

This contract expansion demonstrates positive business momentum for Streamline Health, with a projected 25% increase in SaaS revenue from this specific client relationship. The addition of the Quality Module to their eValuator platform represents a strategic upsell opportunity that could be replicated across their client base. The AI-powered pre-bill auditing technology addresses two critical healthcare revenue cycle pain points: accurate billing and quality measurement compliance.

The real-time risk scoring capability differentiates their offering from traditional post-billing solutions, potentially reducing denial rates and improving cash flow for healthcare providers. This enhanced functionality could strengthen Streamline's competitive position in the healthcare revenue cycle management market and drive higher customer retention rates.

eValuator Quality Module provides real-time risk scoring and quality measurement impact

ATLANTA, Oct. 23, 2024 (GLOBE NEWSWIRE) --  Streamline Health Solutions, Inc. (NASDAQ: STRM), a leading provider of solutions that enable healthcare providers to improve financial performance, announced that it has expanded its relationship with an existing eValuator client include the recently released eValuator Quality Module. Streamline expects that this module will increase the SaaS revenues from its eValuator relationship with this client by 25%.

Streamline Health is leading an industry movement to improve hospital financial performance through pre-bill technology solutions. eValuator’s AI-powered pre-bill code auditing analyzes 100% of encounters in real-time, ensuring that providers can accurately capture, bill and ultimately be paid for all the care they provide while avoiding denials. The eValuator quality module enables health systems to prospectively assess the risk score of individual claims and their estimated impact on overall quality measurement in real time. By eliminating manual, post-hoc risk scoring practices, the quality module introduces an industry-leading workflow that allows for correction of coding errors signaled by risk scores.

“We are thrilled to provide additional value to our existing eValuator client by supporting their efforts to better understand the quality of care they’ve provided,” stated Ben Stilwill, President and Chief Executive Officer, Streamline.

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



FAQ

What is the expected revenue increase from Streamline Health's (STRM) new Quality Module implementation?

Streamline Health expects a 25% increase in SaaS revenues from the client implementing the eValuator Quality Module.

What does Streamline Health's (STRM) eValuator Quality Module do?

The eValuator Quality Module provides real-time risk scoring and quality measurement impact, analyzing claims and allowing healthcare providers to assess risk scores and their effect on quality measurements instantly.

How does Streamline Health's (STRM) eValuator system analyze healthcare encounters?

The eValuator system uses AI-powered pre-bill code auditing to analyze 100% of encounters in real-time, ensuring accurate capture and billing while helping avoid denials.

Streamline Health Solutions, Inc.

NASDAQ:STRM

STRM Rankings

STRM Latest News

STRM Stock Data

9.71M
4.22M
24.07%
27.99%
0.49%
Health Information Services
Services-computer Integrated Systems Design
Link
United States of America
ALPHARETTA