ATLANTA, Oct. 26, 2012 /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 Mountain States Health Alliance has selected OpportunityAnyWare™, its business analytics and automated workflow solution suite, to bring automation and performance management to key areas of their acute and ambulatory revenue cycles.
Mountain States Health Alliance is a 13-hospital system across Northwest Tennessee and Southwest Virginia with over 10,000 team members, including 407 physicians. The health system plans to implement Streamline Health's solutions throughout the enterprise, including OpportunityAnyWare, 835DenialWare, AuditWare and ARWare in order to achieve greater transparency, ownership and accountability. The solutions will be integrated with their existing scheduling, contract management, patient accounting, practice management, and electronic billing systems.
"Streamline Health is excited to enter into this new partnership with Mountain States Health Alliance. With our solutions, both the hospitals and physician practices will be well-equipped to protect their revenues," said Robert E. Watson, President and Chief Executive Officer of Streamline Health. "Knowing the complexities of receivable management faced by a multiple hospital system, we are confident that our automated workflow management solution and market-leading analytics will drive operational and financial performance for the organization."
The health system seeks to gain better insight into areas of financial opportunity with the business intelligence and data-mining capabilities. In addition, the automated workflow management system will keep the cost-to-collect minimized and improve cash flow, resulting in reduction of outstanding accounts receivable, maximum denial overturn rates and an increase in net revenue and cash yield.
"With their focus on providing enterprise-wide solutions, Streamline Health has a proven track record of helping large healthcare organizations, like ours, improve business processes and overall financial performance," said Marvin Eichorn, Senior Vice President and Chief Financial Officer, of Mountain States Health Alliance. "We look forward to gaining better visibility into areas in our revenue cycle where we will make adjustments in order to improve operations."
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 Cincinnati, Atlanta 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 Mountain States Mountain States Health Alliance, a not-for-profit health care organization based in Johnson City, Tenn., operates a family of hospitals serving a 29-county, four-state region (Northeast Tennessee, Southwest Virginia, Southeastern Kentucky and Western North Carolina). MSHA offers a large tertiary hospital, several community hospitals, two critical access hospitals, rehabilitation, a children's hospital, a behavioral health hospital, home care and hospice services as well as a comprehensive medical management corporation. Its 13,500 team members, associated physicians and volunteers are committed to its mission of bringing loving care to health care. For more information, visit www.msha.com.
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.
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SOURCE Streamline Health Solutions, Inc.