United Hospital System Chooses Streamline Health for Business Analytics and Patient Financial Services Solutions Major Wisconsin Health System Also Extends License of Streamline Health's Enterprise Content Management Solution for an Additional Six Years

CINCINNATI, July 31, 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 United Hospital System of Kenosha, Wisconsin has expanded its relationship with Streamline Health for an additional six years by licensing the company's business analytics and patient financial services solutions and by upgrading and extending their license for the company's enterprise content management solution.

As part of the agreement, United Hospital System will license Streamline Health's business analytics solution, OpportunityAnyWare with the 835DenialWare integration for both their hospital and physician clinics, along with the company's AuditWare workflow management solution for the hospital business. These solutions will deliver actionable information and provide better insight into the areas of financial opportunity across both their acute and ambulatory revenue cycle. The audit workflow management solution will help facilitate the management of all third party audits and ensure timelines are not missed and revenue is protected. The advanced analytics will help United Hospital System improve cash flow, resulting in balance sheet improvement and lower accounts receivable levels and provide better insight into the root cause of denials resulting in the improvement of net revenue and cash yield.

The health system will also extend its license for AccessAnyWare, Streamline Health's enterprise content management solution that United Hospital System has licensed since 2009, and will upgrade and serve as beta partner for the company's newest release of the product.

"Streamline Health is very excited about expanding our partnership with United Hospital System," said Robert E. Watson, president and chief executive officer of Streamline Health. "We are confident that with the deployment of our business analytics, denial management, and audit workflow solutions that both the hospital and physician practices will be well armed to protect revenues and maximize revenue cycle and operational performance. We also appreciate their desire to upgrade their content management system to tap into the benefits associated with our newest technology platform."

"We have had great success with Streamline Health's AccessAnyWare solution and are confident in the value that we will get by installing the business analytics, denial management, and audit workflow solutions," said Thomas Kelley, Vice President and Chief Financial Officer of United Hospital System. "We believe that these solutions will provide more transparency into the processes to assist us improve net revenue, accelerate cash flow and determine root cause issues around denials and other avoidable write-off's for both our hospital and physician clinics. Streamline Health has a proven track record of delivering value added healthcare information technology solutions that we will continue to rely upon to help our organization improve our revenue cycle in the years to come."

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. For more information visit www.streamlinehealth.net.

About United Hospital System
United Hospital System is a comprehensive regional healthcare system that has served southeastern Wisconsin and northern Illinois communities for more than 100 years. United Hospital System employs approximately 2,300 healthcare workers and has approximately 300 physicians on its medical staff, making it the largest private employer in Kenosha County.  United Hospital System provides services primarily through the Kenosha Medical Center Campus and the St. Catherine's Medical Center Campus along with several clinics located in Kenosha County, Wisconsin and Lake County, Illinois.

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.

Visit our website at: www.streamlinehealth.net

Company Contact:

Investor Contact:


Streamline Health Solutions

BPC Financial Marketing


Rick Leach

John Baldissera


Senior Vice President, Solutions Marketing

(800) 368-1217


(404) 446-2058



rick.leach@streamlinehealth.net  






SOURCE Streamline Health Solutions, Inc.



RELATED LINKS
http://www.streamlinehealth.net

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.