31 Aug, 2017, 13:39 ET
ATLANTA, Aug. 31, 2017 /PRNewswire/ -- Streamline Health Solutions, Inc. (NASDAQ: STRM) and South Shore Hospital today announced the sale of Streamline's new cloud-based automated pre-bill code auditing technology, Streamline Health® eValuator™ to Chicago-based South Shore Hospital. In addition, the new contract also includes pre- and post-bill DRG auditing services.
With eValuator, Streamline Health is leading an industry movement to improve healthcare providers' financial performance by moving mid-to-late revenue cycle interventions upstream, optimizing coding accuracy for every patient encounter prior to bill submission. By improving coding accuracy before billing, providers can reduce revenue leakage, mitigate overbill risk, and reduce denials and days in A/R. This enables providers to turn unpredictable revenue cycles into dynamic revenue streams.
"When Streamline Health approached us with this idea to analyze all our patient records after coding but before billing, we were intrigued, to say the least," stated Donald McGruder, Chief Information and Revenue Integrity Officer, South Shore Hospital. "Whether doing coding in-house or outsourcing, we felt we needed to adopt Streamline Health's workflow for the assurance it would provide. The idea of using eValuator to screen every coded record for potential errors in real-time before billing made perfect sense. We are pleased to be a 'Charter' member client for eValuator. I don't think it will be long before every hospital will look to improve their coding accuracy by checking their work before billing instead of long afterwards."
"We are targeting a handful of early adopters of new technology to join our 'Charter' member program to get our new eValuator technology off the ground and Donald McGruder and South Shore Hospital represents the kind of forward-thinking organization that sees the benefits of reviewing all coded patient records before they are billed," stated David Sides, President and Chief Executive Officer, Streamline Health. "We really appreciate South Shore stepping up to be one of our 'Charter' members and look forward to a long and mutually beneficial relationship with this new client."
About South Shore Hospital
South Shore Hospital is a non-profit organization dedicated to providing the highest quality of healthcare to the South Shore community. We are committed to providing appropriate care to each individual patient, regardless of race, color, creed, and financial status. We recognize the contribution each employee makes to create an atmosphere of mutual respect and compassion for our patients and fellow employees. Cooperation is essential to achieve our philosophy of excellence in Healthcare. For more information, visit www.southshorehospital.com
About Streamline Health
Streamline Health Solutions, Inc. (NASDAQ: STRM) is a healthcare industry leader in capturing, aggregating, and translating enterprise data into knowledge – producing actionable insights that support revenue cycle optimization for healthcare enterprises. We deliver integrated solutions, technology-enabled services and analytics that enable providers to drive reimbursement in a value-based world. We share a common calling and commitment to advance the quality of life and the quality of healthcare – for society, our clients, the communities they serve, and the individual patient. For more information, please visit our website at www.streamlinehealth.net.
Disclosure Regarding Client Relationships
This announcement may contain statements regarding the availability and sale of solution offerings from Streamline Health Solutions, Inc. Readers should understand that inherent risks in contractual relationships, such as changes in duration, scope or volume and similar unanticipated events, may come into play, and readers are cautioned to consider such factors in any reliance on these statements.
Streamline Health Company Contact:
SVP, Chief Marketing Officer
South Shore Hospital Company Contact:
Leslie M. Rogers, CHE
Assistant Administrator, Professional and Community Affairs
SOURCE Streamline Health Solutions, Inc.
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