Streamline Health Announces Joint Marketing Agreement With nTelagent
CINCINNATI, July 17, 2012 /PRNewswire/ -- Streamline Health Solutions, Inc. (NasdaqCM: STRM), a leading provider of enterprise content management and business analytics solutions for healthcare organizations, today announced that it has entered into a joint marketing agreement with nTelagent, Inc., a leading provider of point-of-service solutions to support revenue cycle improvements within healthcare organizations' patient access departments. As part of the agreement, nTelagent will market the benefits of the Streamline Health business intelligence solutions and patient financial services workflows, and Streamline Health will promote the benefits of nTelagent's point-of-service solution to clients and prospects.
nTelagent's automated point-of-service solution provides patient access specialists with the information they need to maximize cash collections and handle the various situations that occur at point of registration. The nTelagent system enables providers to settle all accounts on the front end by guiding patient access staff through each patient encounter via real-time, customized scripts.
Streamline Health's business intelligence solution, OpportunityAnyWare, along with the company's ARWare and AuditWare workflows, help healthcare providers to achieve optimal financial performance while providing exceptional patient service and satisfaction. These solutions help healthcare organizations understand complex financial information that is often stored in disparate data repositories and structures data in a way that helps users make informed and actionable business decisions. Combined with nTelagent's retail point-of-service solutions, hospitals are able to create a complete process from point of service to patient billing that helps maximize overall cash collections and minimizes the cost to collect.
"We believe that combining OpportunityAnyWare and our patient financial services solutions with nTelagent's solutions will provide our mutual clients a broader capability to increase cash collections while using analytics to identify and address areas for improvement," said Robert E. Watson, president and chief executive officer of Streamline Health. "We are pleased to be adding another distribution channel partner who can strategically offer our solutions to their clients, while we have gained the opportunity to offer a new set of solutions to our clients."
"In the current healthcare market, having effective systems in place is critical for providers to maintain financial viability, and to continue giving patients exceptional care and service," explained Earl Winter, nTelagent CEO. "Partnering with Streamline Health, a proven leader in revenue cycle technology, allows nTelagent to strengthen our existing offerings to clients. In addition, our own expertise in helping hospitals increase upfront and overall collections will now be marketed to a larger number of companies, thanks to Streamline's network of clients."
About Streamline Health
Streamline Health provides solutions that help hospitals and physician groups improve efficiencies and business processes across the enterprise to enhance and protect revenues. Our enterprise content management solutions transform unstructured data into digital assets that seamlessly integrate with disparate clinical, administrative, and financial information systems. Our business analytics solutions provide real-time access to key performance metrics that enable healthcare organizations to identify and manage opportunities to maximize financial performance. Our integrated workflow systems automate and manage critical business activities to improve organizational accountability to drive both operational and financial performance. Across the revenue cycle, our solutions offer a flexible, customizable way to optimize the clinical and financial performance of any healthcare organization. Visit www.streamlinehealth.net for more information.
nTelagent's fully integrated point-of-service solution for managing accounts receivable revolutionizes how healthcare providers interact with patients. The system enables providers to settle all accounts on the front end by guiding patient access staff through each patient encounter via real-time, customized scripts. From insurance verification to payment processing, registration is fast, simple and accurate for all patients: insured, uninsured and those qualifying for financial assistance. In addition to increasing upfront cash and cash on hand, nTelagent clients reduce AR days and bad debt, follow consistent practices on all registrations, identify accounts needing financial assistance, and provide dynamic reports for real-time end-user monitoring. Visit www.ntelagent.com for more information. For a video overview of nTelagent, visit www.ntelagent.com/Video_and_Demo.html.
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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