Einstein Healthcare Network Licenses Streamline Health's Business Analytics and Patient Financial Services Solutions Leading Philadelphia Area Healthcare Network Expands Use of Streamline Health Solutions for Its Ambulatory Care Business

CINCINNATI, April 3, 2012 /PRNewswire/ -- Streamline Health Solutions, Inc. (NasdaqCM: STRM), a leading provider of enterprise content management and business analytics solutions for healthcare organizations, today announced that Einstein Healthcare Network has licensed the Company's Business Analytics solution, OpportunityAnyWare, in addition to ARWare and 835DenialWare. These solutions will be used in the healthcare network's ambulatory care business comprised of more than 1,000 physicians to more effectively monitor and drive revenue cycle performance from accounts receivable management to denial recovery.

Einstein Healthcare Network has successfully used Streamline Health's AccessAnyWare® content management solution since 1995, and also utilizes the Company's CodingWare and CompletionWare workflows. This agreement adds the Company's advanced analytics and workflow management solutions designed to reduce the cost to collect receivables and maximize cash flow resulting in balance sheet improvement. The solutions will also give the network better insight into the root cause of denials and allow it to leverage the workflow system to maximize overturn rates and protect net revenue.

"This commitment from Einstein Healthcare Network substantiates its confidence in the value that Streamline Health provides," said Robert E. Watson, President and Chief Executive Officer of Streamline Health. "This agreement further expands Streamline Health's footprint of working with some of the best academic medical centers in the country. We're pleased with the opportunity to expand our partnership with Einstein Healthcare Network to include our newest offerings, which were a part of the Interpoint Partners transaction in December, 2011."

"These solutions will provide us with better insight into the areas of financial opportunity across our ambulatory revenue cycle," said LuAnn Trainer, Vice President, Physician Services, Einstein Healthcare Network. "We chose these solutions because of their flexibility and because they were designed by revenue cycle experts who understand the challenges we face every day to protect revenues. We chose Streamline Health because of the level of knowledge and experience of its team, and the prior success we've had using the Company's solutions in our facilities."


About Streamline Health
Streamline Health provides solutions that help hospitals and physician groups improve efficiencies and business processes across the enterprise to enhance and protect revenues. Our enterprise content management solutions transform unstructured data into digital assets that seamlessly integrate with disparate clinical, administrative, and financial information systems. Our business analytics solutions provide real-time access to key performance metrics that enable healthcare organizations to identify and manage opportunities to maximize financial performance. Our integrated workflow systems automate and manage critical business activities to improve organizational accountability to drive both operational and financial performance. Across the revenue cycle, our solutions offer a flexible, customizable way to optimize the clinical and financial performance of any healthcare organization. For more information visit www.streamlinehealth.net.

About Einstein Healthcare Network
Einstein Healthcare Network is a 1,234-bed integrated delivery network with more than 8,500 employees serving the communities of Philadelphia and Montgomery County, Pa.  The network's primary location, Einstein Medical Center Philadelphia, is one of the largest academic medical centers in the Delaware Valley, providing training and education for more than 400 residents and fellows each year. The network also provides a comprehensive range of healthcare services through Einstein Medical Center Elkins Park, MossRehab, Montgomery Hospital Medical Center, Belmont Behavioral Health, Willowcrest (a center for subacute care), outpatient facilities such as Einstein at Germantown and Einstein Center One, and a network of more than 500 primary care physicians and specialists employed through Einstein Physicians and Fornance Physician Services, Inc. Construction is in progress for Einstein Medical Center Montgomery, a fourth full-service, acute care campus located in East Norriton, Pa., scheduled to open in September, 2012. For more information, visit www.einstein.edu or call 1-800-EINSTEIN.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995
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.

Company Contact:

Investor Contact:


Streamline Health Solutions

BPC Financial Marketing


Erica Ryan

John Baldissera


Director of Marketing Communications

(800) 368-1217


(513) 794-7100



erica.ryan@streamlinehealth.net




 

SOURCE Streamline Health Solutions, Inc.



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