CINCINNATI, Dec. 14, 2010 /PRNewswire/ -- Streamline Health Solutions, Inc. (Nasdaq: STRM), a leading provider of document workflow solutions for hospitals, today announced that a Florida-based medical institution will implement Streamline Health's Audit Compliance for the Enterprise Solution (AuditACE™) and Financial Screening Workflow Solution. The addition of these workflow solutions dramatically enhances the institution's ability to successfully address federal and state government reimbursement audits and charity care assessments. The two new workflows represent an expansion of the institution's existing suite of Streamline Health solutions. The two new workflow solutions are expected to be installed and operational in early 2011.
"Going forward we believe that audit compliance will become a highly important component in a hospital's day-to-day operations," said J. Brian Patsy, president and chief executive officer of Streamline Health Solutions, Inc. "It will have a direct impact on the ability of medical institutions to manage their cash flow by retaining federal reimbursement income that is rightfully theirs. AuditACE is designed to permit medical institutions to justify reimbursement claims to the appropriate agencies of federal and state governments, as well as private payers in a very comprehensive and timely basis. As the payers become increasingly active in auditing healthcare providers to justify reimbursement claims, we believe our solutions will prove to be extremely valuable."
Mr. Patsy continued, "We are pleased to provide these mission-critical solutions to the hospital market. Our Florida-based customer has taken an important step in proactive audit compliance and charity care assessment to increase efficiency across the spectrum of care. We are confident these integrated workflow solutions will enhance efficiencies and improve business performance, while generating a measureable return on investment."
About Streamline Health
Streamline Health is a leading supplier of document workflow and document management tools, applications and services that assist strategic business partners and healthcare organizations to improve operational efficiencies through business process optimization. The Company provides integrated tools and technologies for automating document-intensive environments, including document workflow, document management, e-forms, connectivity, optical character recognition (OCR) and business process integration.
Streamline Health's solutions create a permanent document-based repository of historical health information that is complementary and can be seamlessly integrated with existing disparate clinical, financial and administrative information systems, providing convenient electronic access to all forms of patient information from any location, including secure web-based access. For additional information, please visit our website at http://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 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.