Eskenazi Health Signs Agreement For Business Analytics And Patient Financial Solutions From Streamline Health® One of the Nation's Largest Safety Net Health Systems will Use the Market Leading Business Analytics Solutions to Measure, Predict, and Improve its Financial and Operational Performance
ATLANTA, July 28, 2014 /PRNewswire/ -- Streamline Health Solutions, Inc. (NASDAQ: STRM), a leading provider of transformational data-driven solutions to help healthcare providers reduce exposure to risk, enhance clinical, financial, and operational performance, today announced the Sidney & Lois Eskenazi Hospital, Eskenazi Health located in Indianapolis, IN, has signed an agreement with Streamline Health to deploy its Looking Glass™ suite of business analytics solutions designed to capture, aggregate, and translate much of the disparate data residing across its enterprise. By structuring and presenting this data through Streamline Health's web based analytics platform, Eskenazi Health will have real-time access to the critical information that drives decision making and ultimately revenue cycle performance such as denials, reimbursement, patient mix and other functions designed to improve the hospital's financial position.
As one of the country's five largest safety net health systems providing care to nearly one million outpatient visitors each year, Eskenazi Health plans to use the solutions from Streamline Health to turn data into predictive insights to mitigate risk and deliver improved revenue cycle processes, enhanced operational efficiencies, and optimized financial performance. The health system chose Streamline Health and its Looking Glass™ platform for its ability to provide enterprise reporting capabilities and unique analysis and strategies, aggregating data from multiple systems across all of its facilities.
Mike Edwards, Eskenazi Health's Associate Vice President of Revenue Cycle Administration, has found the Streamline Health solutions strategic initiative to be an imperative behind Eskenazi Health's focus of providing quality patient-centered care by ensuring maximized operating and financial performance. He looks forward to the partnership and subsequent administrative and financial benefits, stating, "We knew we needed a solution that could handle connecting disparate data from multiple vendor systems and present that information in a structured way to facilitate informed business decisions."
Robert E. Watson, President and Chief Executive Officer of Streamline Health, added, "As the pace and complexity of change within the healthcare industry continues to accelerate, today's healthcare providers face increasing pressure to improve the operational performance of their hospitals, while delivering both quality healthcare and sustained financial performance. Our Looking Glass™ solutions deliver superior operational efficiencies and improved patient care."
About Streamline Health
Streamline Health Solutions, Inc. (NASDAQ: STRM) is a healthcare industry leader in capturing, aggregating, and translating enterprise data into knowledge – actionable insights that reduce exposure to risk, enhance operational performance, and improve patient care. Through our Looking Glass™ Platform we provide clients with meaningful, intelligent SaaS-based solutions from patient engagement to reimbursement. We share a common calling and commitment to advance the quality of life and the quality of healthcare – for society, our industry, our clients, the communities they serve, and the individual patient. For more information, please visit our website at www.streamlinehealth.net.
About Eskenazi Health
Eskenazi Health is one of America's five largest safety net health systems, providing care to nearly 1 million outpatient visitors each year. Eskenazi Health's mission is to advocate, care, teach, and serve, with special emphasis on the vulnerable populations of Marion County, Indiana. Eskenazi Health is one of the leading providers of healthcare in Central Indiana, with physicians of the Indiana University School of Medicine providing a comprehensive range of primary and specialty care services within its 315-bed hospital and inpatient facilities as well as its 11 community health centers located throughout Indianapolis. For more information, please visit www.eskenazihealth.edu.
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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 solutions and pricing, solution demand and market acceptance, new solution development, key strategic alliances with vendors that resell the Company's solutions, the ability of the Company to control costs, availability of solutions 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 generally and 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.
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SOURCE Streamline Health Solutions, Inc.