Hartford HealthCare Signs Agreement With Streamline Health® For AccessAnyWare™ Enterprise Content Management Solutions
SaaS Delivery Model Will Help the Organization Control Costs
ATLANTA, May 13, 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 Hartford HealthCare Corporation signed an agreement to replace their existing content management solution with AccessAnyWare™ within the health system.
Connecticut-based Hartford HealthCare's network includes three community hospitals and a tertiary care teaching hospital with more than 1,100 licensed beds. The system was recently named by Centers for Medicare & Medicaid Services (CMS) as one of the 106 new Accountable Care Organizations (ACOs). The healthcare network will be using AccessAnyWare with HIM workflows, CompletionWare™ and ReleaseWare™, all integrated with the EHR, in order to achieve greater efficiencies within the health information management (HIM) department. Additionally, Streamline Health's solutions, will allow Hartford's clinicians to quickly access critical patient data and complete deficiencies from a single user interface within the EHR.
By integrating the organization's paper documents, record management, and online chart completion within their EHR system, Hartford will achieve a true enterprise workflow, which will increase patient safety, improve quality of care, and reduce operating expenses. Additionally with the SaaS delivery model offered by Streamline Health, Hartford will eliminate costs for service, support, maintenance and hardware that are associated with locally installed applications.
"The reality for most healthcare organizations is that manual paper-based processes still exist, and in order to effectively communicate and improve efficiencies throughout the enterprise, the documents must be digitized and accessible from within the EHR. AccessAnyWare will help us accomplish this, " stated Luis Taveras, Senior VP and Chief Information Officer, Hartford HealthCare. "The additional cost savings that we will achieve with the SaaS delivery model will be an added benefit to the entire organization."
"We are excited to have Hartford HealthCare as a new AccessAnyWare client using our proven suite of health information management solutions," said Robert E. Watson, President and Chief Executive Officer, Streamline Health. "Once integrated with their EHR, our solutions will help facilitate communication between the disparate departments and information systems within their organization to improve coordination of care, a key performance measure for an ACO."
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 with offices in Atlanta, Cincinnati and New York. 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 http://www.streamlinehealth.net.
About Hartford Healthcare
Hartford HealthCare (HHC) is the premiere health care network in Connecticut with 15,000 employees and $2 billion in net revenue. The HHC system includes Hartford Hospital; The Hospital of Central Connecticut; MidState Medical Center; Windham Hospital; The Institute of Living psychiatric center; VNA HealthCare and VNA of Central Connecticut, which provide visiting nurse services throughout the state; Clinical Laboratory Partners with locations statewide; Hartford Medical Group; MidState Medical Group; the Doctors of Central Connecticut; Central Connecticut Senior Health Services, which includes five assisted-living and skilled nursing facilities; Eastern Rehabilitation Network; and two regional behavioral health centers, Rushford and Natchaug Hospital.
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.
SOURCE Streamline Health Solutions, Inc.
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