Streamline Health® Expands Presence In Texas with 400-Bed Health System for RevID
Streamline Health Solutions (NASDAQ: STRM) has secured a new contract with a 400-bed health system in Western Texas for its RevID solution, through a partnership with Oracle Health. The healthcare facility uses Oracle Health's Soarian billing platform, which integrates with RevID to automate charge reconciliation processes.
RevID's technology aims to help hospitals capture 100% of earned revenue by eliminating charge capture gaps and accelerating cash flow. The solution ensures providers can accurately capture, bill, and receive payment for all provided care through automated charge reconciliation.
Streamline Health Solutions (NASDAQ: STRM) ha ottenuto un nuovo contratto con un sistema sanitario da 400 letti nel Texas occidentale per la sua soluzione RevID, grazie a una partnership con Oracle Health. La struttura sanitaria utilizza la piattaforma di fatturazione Soarian di Oracle Health, che si integra con RevID per automatizzare i processi di riconciliazione delle fatture.
La tecnologia di RevID mira ad aiutare gli ospedali a catturare il 100% del fatturato guadagnato, eliminando le lacune nella cattura delle fatture e accelerando il flusso di cassa. La soluzione garantisce che i fornitori possano catturare, fatturare e ricevere il pagamento per tutte le prestazioni fornite attraverso la riconciliazione automatizzata delle fatture.
Streamline Health Solutions (NASDAQ: STRM) ha asegurado un nuevo contrato con un sistema de salud de 400 camas en el oeste de Texas para su solución RevID, a través de una asociación con Oracle Health. La instalación de atención médica utiliza la plataforma de facturación Soarian de Oracle Health, que se integra con RevID para automatizar los procesos de reconciliación de cargos.
La tecnología de RevID tiene como objetivo ayudar a los hospitales a capturar el 100% de los ingresos ganados al eliminar las lagunas en la captura de cargos y acelerar el flujo de efectivo. La solución asegura que los proveedores puedan capturar, facturar y recibir el pago por toda la atención prestada a través de la reconciliación automatizada de cargos.
Streamline Health Solutions (NASDAQ: STRM)는 오라클 헬스와의 파트너십을 통해 서부 텍사스의 400개 침대 보건 시스템과 RevID 솔루션에 대한 새로운 계약을 체결했습니다. 의료 기관은 RevID와 통합되어 청구 조정 프로세스를 자동화하는 Oracle Health의 Soarian 청구 플랫폼을 사용합니다.
RevID의 기술은 병원이 청구 캡처의 격차를 없애고 현금 흐름을 가속화하여 발생한 수익의 100%를 포착하도록 도와주는 것을 목표로 합니다. 이 솔루션은 제공자가 자동화된 청구 조정을 통해 제공한 모든 치료에 대해 정확하게 캡처하고 청구하며 지불을 받을 수 있도록 보장합니다.
Streamline Health Solutions (NASDAQ: STRM) a obtenu un nouveau contrat avec un système de santé de 400 lits dans l'ouest du Texas pour sa solution RevID, grâce à un partenariat avec Oracle Health. L'établissement de santé utilise la plateforme de facturation Soarian d'Oracle Health, qui s'intègre à RevID pour automatiser les processus de rapprochement des charges.
La technologie de RevID vise à aider les hôpitaux à capturer 100 % des revenus gagnés en éliminant les lacunes dans la capture des charges et en accélérant le flux de trésorerie. La solution garantit que les prestataires peuvent capturer, facturer et recevoir le paiement pour tous les soins fournis grâce à un rapprochement automatisé des charges.
Streamline Health Solutions (NASDAQ: STRM) hat einen neuen Vertrag mit einem 400-Betten-Gesundheitssystem in Westtexas für seine RevID-Lösung sichergestellt, in Partnerschaft mit Oracle Health. Die Gesundheitseinrichtung verwendet die Soarian-Abrechnungsplattform von Oracle Health, die mit RevID integriert ist, um die Prozesse der Gebührenabstimmung zu automatisieren.
Die Technologie von RevID zielt darauf ab, Krankenhäusern zu helfen, 100 % ihrer erwirtschafteten Einnahmen zu erfassen, indem sie Lücken bei der Gebührenerfassung beseitigt und den Cashflow beschleunigt. Die Lösung stellt sicher, dass die Anbieter alle erbrachten Leistungen genau erfassen, abrechnen und die Zahlung erhalten können, durch automatisierte Gebührenabstimmung.
- New contract secured with 400-bed health system in Texas
- Strategic partnership with Oracle Health expanding market reach
- Integration capability with Oracle Health's Soarian billing platform
- None.
Insights
This contract win with a 400-bed Texas health system represents a strategic expansion for Streamline Health, though its immediate financial impact is likely modest given STRM's
The Western Texas region presents significant growth opportunities, with numerous healthcare facilities that could benefit from revenue optimization solutions. However, investors should note that while such deals are positive indicators for future growth, STRM will need to demonstrate consistent execution and scalability to meaningfully impact its financial performance.
Oracle Health partnership enables 400-bed Texas-based health system to leverage RevID’s automated charge reconciliation to improve financial performance
ATLANTA, Dec. 18, 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 signed a new contract for the use of RevID with a 400-bed, Oracle Health-EHR based health system with facilities in Western Texas. The deal was closed in partnership with Oracle Health.
Streamline Health is leading an industry movement to improve hospital financial performance through pre-bill technology solutions. RevID’s automated charge reconciliation enables hospitals to capture
“Texas is home to some of the nation’s most forward-thinking healthcare providers, and is an ideal market for continued expansion,” stated Ben Stilwill, Chief Executive Officer. “Our growing partnership with Oracle Health strengthens our ability to deliver pre-bill solutions that seamlessly integrate with leading EHR platforms. We look forward to extending our footprint across Texas and beyond.”
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 new contract Streamline Health (STRM) secured in Texas?
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What EHR platform does STRM's RevID integrate with in this Texas contract?
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