Parkview Health Extends Client Partnership with Streamline Health® via New Three-Year Agreement for Additional Business Analytics Solutions
Streamline Health's Next Generation Solutions to Help Parkview Consolidate Disparate Processes and Systems Throughout the Enterprise
ATLANTA, Jan. 22, 2014 /PRNewswire/ -- Streamline Health Solutions, Inc. (NASDAQ: STRM), a leading provider of knowledge management solutions for healthcare providers, today announced a new contract with existing client Parkview Health to add business analytics and denials management to the client's current suite of Streamline Health solutions. These additions will enable Parkview to improve their current reporting and analytical capabilities across the revenue cycle while consolidating the multitude of solutions currently used to gather the information required to run the business. By implementing the business analytics and denial management solutions from Streamline Health, Parkview can significantly expedite existing processes and improve the consistency of accessing critical data and information required to maximize both financial and operational performance.
Parkview Health, a 673-bed, eight-hospital health system with more than 300 physicians serving northeast Indiana and northwest Ohio, will incorporate Streamline Health's real-time analytics solution into the finance and revenue cycle departments throughout its hospitals and physician practices, including its centralized business office. Parkview has already seen improvements in accounts receivables, with the integration of historical documents into their EMR, improved scheduling processes and decreased costs associated with document storage with Streamline Health's existing suite of health information management (HIM) solutions. The addition of business analytics will enable Parkview to consistently capture relevant and actionable data from disparate sources throughout its enterprise transforming the information into valuable insights allowing Parkview to make better-informed business decisions. In addition, Streamline Health's denial management solution will allow Parkview to proactively identify at-risk accounts through advanced reporting capabilities, better understand the root causes of claim denials and work to reduce and prevent them.
"Streamline Health's enterprise content management (ECM) solution has allowed us to integrate our unstructured data within our EMR system," stated Barbara Clayton, vice president of revenue cycle at Parkview Health. "By expanding our partnership into the finance and revenue cycle areas of our operations with their business analytics and denial management solutions we believe we can maximize our organization's financial performance."
"Existing clients like Parkview, who believe that our vision and long-term partnership-oriented approach can help them gain knowledge and insight across their entire patient experience, is what our company is all about," said Robert E. Watson, president and chief executive officer of Streamline Health. "We are focused on developing solutions that will help our clients improve their efficiency, both financially and clinically."
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. The company's comprehensive suite of solutions includes: clinical and business analytics, clinical documentation improvement (CDI), computer assisted coding (CAC), enterprise content management (ECM), and integrated workflows. 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 www.streamlinehealth.net.
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 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.
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