STOCK TITAN

West Coast Academic Medical Center Signs New Contract for Streamline Health® eValuator™

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

Streamline Health Solutions (NASDAQ: STRM) has partnered with a California academic medical center to implement its eValuator technology for automated pre- and post-bill coding analysis. This initiative aims to enhance revenue integrity and improve financial performance by addressing coding issues before they lead to revenue leaks and denied claims. The company is promoting pre-bill technology across hospitals, combining it with expert auditing services for a comprehensive Revenue Integrity Program. This technology is expected to aid in optimizing coding accuracy and transitioning to new payment models.

Positive
  • Partnership with a significant 630-bed academic medical center.
  • Implementation of eValuator technology expected to enhance revenue integrity.
  • Focus on addressing coding issues proactively to prevent revenue leakage.
  • Combination of technology with expert auditing services enhances service offering.
Negative
  • None.

Chooses Automated Pre-Bill Coding Analysis to
Improve Financial Performance

Atlanta, GA, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Streamline Health Solutions, Inc. (NASDAQ: STRM), a leading provider of solutions that enable healthcare providers to proactively address revenue leakage and improve financial performance, announced today it has signed a contract with a 630-bed, Epic-EHR based academic medical center in California. The organization will use eValuator’s automated pre- and post-bill coding analysis technology to help improve revenue integrity and financial performance.

Streamline Health is leading an industry movement to enable every hospital in the country to use pre-bill technology to improve financial performance. With eValuator, providers are identifying and addressing coding issues before they contribute to revenue leakage, denied claims and non-compliance exposure. The company combines this new technology with expert auditing services & support to deliver a complete Revenue Integrity Program to its clients. The eValuator program helps users optimize coding and documentation accuracy for every patient encounter prior to billing, substantially improving current financial performance while also assisting in the transition to new payment models.

“We are pleased to partner with another academic medical center to help ensure revenue integrity prior to billing,” stated Ben Stilwill, President, Streamline Health. “Using pre-bill automation to assess coding accuracy and prioritize potential issues will enable their staff to focus on the areas requiring their expertise, allowing for maximum impact in terms of compliant financial performance.”

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

To Learn More

Media
David Kosloski
Vice President, Marketing & Communications
651.308.1395
david.kosloski@streamlinehealth.net

Investors
Jacob Goldberger
Director, Investor Relations and FP&A
303.887.9625
jacob.goldberger@streamlinehealth.net


FAQ

What recent partnership did Streamline Health Solutions announce?

Streamline Health Solutions announced a partnership with a 630-bed academic medical center in California to implement its eValuator technology for billing coding analysis.

How does eValuator technology improve financial performance for hospitals?

eValuator technology enhances financial performance by identifying coding issues before billing, preventing revenue leakage and denied claims.

What is the purpose of the Revenue Integrity Program offered by Streamline Health?

The Revenue Integrity Program aims to optimize coding accuracy and documentation for patients, improving overall financial performance.

When was the partnership with the California academic medical center announced?

The partnership was announced on November 22, 2022.

What is the stock symbol for Streamline Health Solutions?

The stock symbol for Streamline Health Solutions is STRM.

Streamline Health Solutions, Inc.

NASDAQ:STRM

STRM Rankings

STRM Latest News

STRM Stock Data

13.80M
3.48M
24.22%
20.37%
0.44%
Health Information Services
Services-computer Integrated Systems Design
Link
United States of America
ALPHARETTA