Norman Regional Renews contract for business analytics solutions With Streamline Health Long Time Streamline Health Business Analytics User Finds Company's Solution Optimization Services Invaluable As They Renew For An Additional Three Years
ATLANTA, March 3, 2014 /PRNewswire/ -- Streamline Health Solutions, Inc. (NASDAQ: STRM), a leading provider of transformational data-driven solutions that help healthcare providers reduce exposure to risk, enhance clinical, financial and operational performance and improve patient care, today announced Norman Regional Health System, a client of Streamline Health for the last five years, has renewed its contract for Streamline Health's suite of business analytics solutions as well as its Solution Optimization Services.
The 324-bed, Norman, Oklahoma healthcare organization will continue to use Streamline Health's data analysis and reporting system and accounts receivable and denials management solutions for the next three years. The organization says the solutions package gives it a complete global view of its financial performance.
In addition to the technology, Norman Regional was the first user of Streamline Health's Solution Optimization Services (SOS), which became available to all Streamline clients last year. SOS gives healthcare providers access to subject matter experts for help with both tactical issues and long-term strategic planning. Services include revenue optimization, business process improvement, data-based employee performance incentives, and data monitoring.
Meegan Carter, Vice President of Revenue Cycle at Norman Regional, said she's found SOS extremely beneficial. "For healthcare organizations like ours that don't have a deep well of analysts and need better insights into cash flow, SOS is invaluable," said Carter. "The combination of sophisticated technology with Streamline Health's subject matter experts has helped us to develop additional metrics to manage the AR and cash flow of our organization."
Carter and her team considered other vendors before making the decision to renew. Ultimately, they renewed with Streamline Health because its solutions easily incorporate both clinical and financial data.
Robert E. Watson, President and Chief Executive Officer of Streamline Health, said he is gratified by Norman Regional's renewal and excited to see the benefits SOS will bring to other Streamline customers in 2014. "We are committed to providing advanced solutions and optimized services to healthcare organizations around the country to help them face the numerous challenges of today's changing healthcare environment," he said.
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 and the communities they serve, and the individual patient.
For more information, please visit our website at www.streamlinehealth.net.
About Norman Regional Health System
About Norman Regional Health System Norman Regional Health System is a multi-campus system that serves the healthcare needs of south central Oklahoma. It is currently comprised of an acute-care facility, Norman Regional Hospital, on Porter Avenue, and the Norman Regional HealthPlex, located on Interstate 35 and Tecumseh Road in Norman, OK. Norman Regional Hospital is licensed for 324 beds and offers a full range of services including emergency care, oncology, an intensive care unit, surgery and more. The Norman Regional HealthPlex campus is licensed for 136 beds. It features the services of cardiovascular, spine and orthopedics, women's and children's and more. The Norman Regional HealthPlex is also the home of the Chest Pain Center and the HealthPlex Heart Hospital. In Spring of 2014, the Health System is scheduled to break ground on a new facility in Moore, Oklahoma.
Norman Regional Health System also provides outpatient diagnostic centers, medical transport services, physician services, centers of excellence, durable medical equipment supplies, a primary care network, community wellness service and employer health services. It has grown to employ more than 2,700 people and have 356 physicians credentialed on the Medical Staff.
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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.
SOURCE Streamline Health Solutions, Inc.