Streamline Health® Announces New eValuator™ Contract With Texas-Based Health System
Rhea-AI Summary
Streamline Health Solutions (NASDAQ: STRM) has secured a new contract for its eValuator solution with a 900-bed health system in northern Texas. The healthcare facility, which uses Altera EHR, becomes the fourth Texas health system to adopt eValuator's pre-bill code audit technology. The AI-enhanced solution helps healthcare providers improve financial performance by ensuring accurate medical coding, billing, and payment capture while preventing denials.
Positive
- Expansion of client base with fourth Texas health system contract
- Strategic growth in important healthcare market
- Contract with large-scale 900-bed facility indicates product appeal to major healthcare providers
Negative
- None.
News Market Reaction – STRM
In the trading session that priced this news, STRM gained 21.62%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
900-bed Texas-based health system selected eValuator’s pre-bill code audit technology to improve coding accuracy
ATLANTA, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Streamline Health Solutions, Inc. (NASDAQ: STRM), a leading provider of solutions that enable healthcare providers to improve financial performance, announced that is has signed a new contract for the use of eValuator with a 900-bed, Altera EHR-based health system serving northern Texas. This marks the fourth Texas health system to adopt eValuator, reinforcing Streamline Health’s growing presence in the region.
Streamline Health is leading an industry movement to improve hospital financial performance through pre-bill technology solutions. eValuator’s AI-enhance pre-bill code auditing ensures that providers can accurately capture, bill and ultimately be paid for all the care they provide while avoiding denials.
“Texas plays a pivotal role in our nation’s healthcare landscape and we are proud to expand our footprint there,” stated Ben Stilwill, Chief Executive Officer. “Our team is excited to help another of our nation’s health systems ensure they are accurately paid for the care they’ve provided.”
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.
