Streamline Health® Adds Quality Module to Existing eValuator Relationship

Rhea-AI Summary

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.

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.

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.