Streamline Health® and Patientco Announce Strategic Partnership
Agreement Will Provide Clients with Revenue Cycle Benefits Through Integrated Solutions
ATLANTA, June 4, 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, announced today that it has entered into a joint marketing agreement with Patientco, the industry's most innovative provider of patient financial engagement solutions, with the intention to increase net revenue for healthcare providers by accelerating patient payments.
Through the agreement, Streamline Health's business analytics solution, OpportunityAnyWare, will integrate with Patientco's cloud-based platform. OpportunityAnyWare aggregates data from disparate systems giving healthcare providers a real-time snapshot of their financial and operational performance. The integration with Patientco will allow for additional robust data mining and further root cause analyses around patient payment behavior. Users of the integrated solutions will be able to increase operational efficiency, reduce bad debt through a more effective patient liability collection process, and ultimately reduce overall costs to each client organization.
"Patientco empowers healthcare providers to engage patients in the financial aspects of their healthcare experience. By providing patients with their choice of convenient ways to pay from one consolidated, secure location, we give them control over the management of their own healthcare expenses and simplify something that's usually too complex," explains Bird Blitch, Chief Executive Officer of Patientco. "This agreement will help users of Streamline Health improve the emerging retail aspects of patient interaction related to patient liability collections."
"Our joint marketing agreement with Patientco will enable us to give our provider clients more transparency into their patient population and payment patterns," added Robert E. Watson, President and Chief Executive Officer of Streamline Health. "It will also provide them with a more effective means of patient engagement to maximize cash collections in a consumer-driven healthcare environment."
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: 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.
Patientco's suite of proprietary technology tools helps providers communicate effectively with their patients to give them a better understanding of their healthcare expenses. Patientco's Software as a Service (SaaS) application produces easy-to-understand statements, facilitates direct provider-to-patient communication and offers patients their choice of secure payment options, thereby decreasing provider accounts receivables. Patients can uniquely manage, track and pay their healthcare expenses for all their providers in one location. Patientco's technology ensures that provider systems can easily reconcile patient information securely and accurately into their Electronic Health Record (EHR) systems in an efficient and easy way. To earn more, call 888-747-2455 or visit www.patientco.com/providers.
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.
BPC Financial Marketing
SOURCE Streamline Health Solutions, Inc.
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