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Streamline Health® Adds Quality Module to Third eValuator™ Client

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Streamline Health Solutions has expanded its relationship with a Florida academic medical center by implementing the new eValuator Quality Module. This addition is expected to increase SaaS revenues from this client by 20%. The module provides real-time AI-powered pre-bill code auditing and analyzes 100% of encounters, enabling healthcare providers to assess risk scores and quality measurement impact in real-time. The technology aims to improve hospital financial performance by ensuring accurate billing, preventing denials, and eliminating manual post-hoc risk scoring practices.

Streamline Health Solutions ha ampliato la sua collaborazione con un centro medico accademico in Florida implementando il nuovo Modulo di Qualità eValuator. Si prevede che questa aggiunta aumenterà i ricavi SaaS di questo cliente del 20%. Il modulo offre un auditing dei codici pre-fattura alimentato da AI in tempo reale e analizza il 100% degli incontri, consentendo ai fornitori di assistenza sanitaria di valutare i punteggi di rischio e l'impatto delle misurazioni della qualità in tempo reale. La tecnologia mira a migliorare le prestazioni finanziarie degli ospedali garantendo fatturazioni accurate, prevenendo le negazioni e eliminando le pratiche manuali di scoring del rischio post-hoc.

Streamline Health Solutions ha ampliado su relación con un centro médico académico de Florida al implementar el nuevo Módulo de Calidad eValuator. Se espera que esta adición aumente los ingresos de SaaS de este cliente en un 20%. El módulo proporciona auditoría de códigos pre-facturación impulsada por IA en tiempo real y analiza el 100% de los encuentros, permitiendo a los proveedores de salud evaluar los puntajes de riesgo y el impacto de las mediciones de calidad en tiempo real. La tecnología tiene como objetivo mejorar el rendimiento financiero del hospital asegurando una facturación precisa, previniendo negaciones y eliminando las prácticas manuales de puntuación de riesgos post-hoc.

Streamline Health Solutions는 플로리다의 한 학술 의료 센터와의 관계를 확대하여 새로운 eValuator 품질 모듈을 구현했습니다. 이 추가로 인해 해당 고객의 SaaS 수익이 20% 증가할 것으로 예상됩니다. 이 모듈은 실시간 AI 기반의 사전 청구 코드 감사 기능을 제공하고 100%의 만남을 분석하여 의료 제공자가 위험 점수와 품질 측정의 영향을 실시간으로 평가할 수 있도록 합니다. 이 기술은 정확한 청구를 보장하고 거부를 방지하며 수동 후행 위험 점수 매기기 관행을 제거하여 병원 재무 성과를 개선하는 것을 목표로 합니다.

Streamline Health Solutions a élargi sa collaboration avec un centre médical académique de Floride en mettant en œuvre le nouveau Module de Qualité eValuator. Cette addition devrait augmenter les revenus SaaS de ce client de 20%. Le module fournit un audit en temps réel des codes pré-facturation, alimenté par l'IA, et analyse 100% des interactions, permettant aux prestataires de santé d'évaluer les scores de risque et l'impact des mesures de qualité en temps réel. La technologie vise à améliorer la performance financière des hôpitaux en garantissant une facturation précise, en prévenant les refus et en éliminant les pratiques manuelles de scoring de risque post-hoc.

Streamline Health Solutions hat seine Beziehung zu einem akademischen medizinischen Zentrum in Florida erweitert, indem das neue eValuator-Qualitätsmodul implementiert wurde. Es wird erwartet, dass diese Ergänzung die SaaS-Einnahmen dieses Kunden um 20% steigern wird. Das Modul bietet eine KI-gestützte Echtzeit-Auditorierung von Vorabrechnungs-Codes und analysiert 100% der Begegnungen, sodass Gesundheitsdienstleister Risikowerte und den Einfluss der Qualitätsmessung in Echtzeit bewerten können. Die Technologie zielt darauf ab, die finanzielle Leistung von Krankenhäusern zu verbessern, indem sie eine genaue Abrechnung sichert, Ablehnungen verhindert und manuelle nachträgliche Risikobewertungspraktiken eliminiert.

Positive
  • Expected 20% increase in SaaS revenue from existing client
  • Expansion of service offering with existing client through new module implementation
  • Real-time analysis capability for 100% of encounters
Negative
  • None.

Insights

The expansion of eValuator to include the Quality Module represents a meaningful revenue growth opportunity for Streamline Health. The 20% increase in SaaS revenue from this single client relationship demonstrates strong upsell potential within the existing customer base. For a micro-cap company with a market cap of just $8.3M, such expansions are significant for top-line growth.

The pre-bill technology solution addresses a critical pain point in healthcare revenue cycle management by preventing denials and ensuring accurate reimbursement. The new Quality Module's real-time risk scoring capability could drive wider adoption among healthcare providers looking to optimize both revenue capture and quality metrics. However, the company's small size and concentrated customer base present execution risks.

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

ATLANTA, Oct. 29, 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 a leading academic medical center in Florida to 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 20%.

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 see our new eValuator Quality Module being adopted by leading healthcare organizations, and expect these expansions to continue,” stated Ben Stilwill, President and Chief Executive Officer, Streamline. “By providing real-time insights into risk scoring and quality metrics, , we are empowering our clients to enhance patient care while ensuring accurate reimbursement.”

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

Source: Streamline Health Solutions, Inc.


FAQ

What is the expected revenue increase from the new eValuator Quality Module for Streamline Health (STRM)?

Streamline Health expects a 20% increase in SaaS revenues from this specific client relationship following the implementation of the eValuator Quality Module.

What does the new eValuator Quality Module by Streamline Health (STRM) do?

The eValuator Quality Module provides real-time risk scoring and quality measurement impact assessment, analyzing 100% of encounters and enabling healthcare providers to correct coding errors signaled by risk scores.

Which healthcare facility has implemented Streamline Health's (STRM) new Quality Module?

A leading academic medical center in Florida has expanded its relationship with Streamline Health to include the eValuator Quality Module.

Streamline Health Solutions, Inc.

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