Community Health Network Selects Business Analytics Solutions from Streamline Health® Large Health System Serving Central Indiana Signs Three-Year Agreement for OpportunityAnyWare™ to Gain Visibility into Data Collected by Disparate Financial Systems
ATLANTA, June 18, 2013 /PRNewswire/-- Streamline Health Solutions, Inc. (NASDAQ: STRM), a leading provider of SaaS-based enterprise content management, business analytics, computer assisted coding (CAC), and clinical documentation improvement (CDI) solutions for healthcare providers, today announced that Community Health Network will deploy the Company's OpportunityAnyWare suite of business analytics solutions throughout its network.
Community Health Network (CHN) is a non-profit health system with over 200 sites of care and affiliates throughout Central Indiana. The organization required a robust solution to help them create corporate transparency across all financial systems, including those that may be added through future partnerships with new hospitals and physician practices. With Streamline Health's OpportunityAnyWare, the organization will have the ability to manage multiple feeds from many disparate revenue cycle management and financial systems.
Beyond simply collecting information, OpportunityAnyWare will normalize and standardize the data in both the employed physician and hospital billing settings and organize it into executive level dashboards for easy monitoring of key performance indicators (KPIs). In addition, Community Health Network will be implementing the Company's 835DenialWare™ solution for advanced root cause denial reporting and analysis.
"For a large, integrated health delivery system, OpportunityAnyWare offers all of the features that we were looking for in a revenue cycle analytics solution. Most importantly, the solution gives us the ability to look at relevant and actionable data aggregated across all of the disparate systems we have in place," explained Charles B. Meadows, Network Vice President of Revenue Cycle, Community Health Network. "It certainly helped that Streamline Health has such a great reputation for client satisfaction and a proven track record of on-time in budget implementations."
"In today's healthcare environment, business analytics solutions have become a necessity to help providers take a proactive approach for meeting challenges such as Meaningful Use, ICD-10 and Accountable Care, which are likely to have a significant impact on their reimbursements," said Robert E. Watson, President and Chief Executive Officer of Streamline Health. "Our solutions allow complex healthcare provider systems, like Community Health Network, to easily sort through the abundance of data they collect. By bringing relevant information to the forefront, and providing them with knowledge to enable more informed decision-making, we help our clients improve operational and financial performance."
About Streamline Health
Streamline Health Solutions, Inc. (NASDAQ: STRM) is a leading provider of SaaS-based healthcare information technology (HCIT) solutions for hospitals and physician groups. The company's comprehensive suite of solutions includes: enterprise content management (ECM), business analytics, integrated workflow systems, clinical documentation improvement (CDI), and computer assisted coding (CAC). Across the revenue cycle, these solutions offer healthcare enterprises a flexible, customizable way to communicate between disparate departments and information systems to improve processes, boost productivity, and optimize clinical, administrative and financial performance. For more information, please visit our website at www.streamlinehealth.net.
About Community Health Network
Ranked among the nation's most integrated healthcare systems, Community Health Network is Central Indiana's leader in providing convenient access to exceptional healthcare services, where and when patients need them—in hospitals, health pavilions and doctor's offices, as well as workplaces, schools and homes. As a non-profit health system with over 200 sites of care and affiliates throughout Central Indiana, Community's full continuum of care integrates hundreds of physicians, specialty and acute care hospitals, surgery centers, home care services, MedChecks, behavioral health and employer health services. To learn more, visit eCommunity.com or call 800-777-7775.
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Statements made by Streamline Health Solutions, Inc. that are not historical facts are forward-looking statements that are subject to risks and uncertainties and are no guarantee of future performance. The forward looking statements contained herein are subject to certain risks, uncertainties and important factors that could cause actual results to differ materially from those reflected in the forward-looking statements, included herein. These risks and uncertainties include, but are not limited to, the timing of contract negotiations and execution of contracts and the related timing of the revenue recognition related thereto, the potential cancellation of existing contracts or clients not completing projects included in the backlog, the impact of competitive products and pricing, product demand and market acceptance, new product development, key strategic alliances with vendors that resell the Company's products, the ability of the Company to control costs, availability of products obtained from third party vendors, the healthcare regulatory environment, potential changes in legislation, regulation and government funding affecting the healthcare industry, healthcare information systems budgets, availability of healthcare information systems trained personnel for implementation of new systems, as well as maintenance of legacy systems, fluctuations in operating results, effects of critical accounting policies and judgments, changes in accounting policies or procedures as may be required by the Financial Accountings Standards Board or other similar entities, changes in economic, business and market conditions impacting the healthcare industry, the markets in which the Company operates and nationally, and the Company's ability to maintain compliance with the terms of its credit facilities, and other risks detailed from time to time in the Streamline Health Solutions, Inc. filings with the U. S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly release the results of any revision to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
SOURCE Streamline Health Solutions, Inc.