Leading NYC Healthcare System Extends Licensing Agreement With Streamline Health

May 15, 2012, 07:00 ET from Streamline Health Solutions, Inc.

CINCINNATI, May 15, 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 Bronx-Lebanon Hospital Center has extended its existing agreement relative to Streamline Health's Software as a Service (SaaS) model for an additional five years through a direct licensing agreement with the Company. Bronx-Lebanon is the largest voluntary, not-for-profit healthcare system serving the South and Central Bronx.  As part of the agreement, the system will continue to license Streamline Health's AccessAnyWare® content management system along with the Company's Health Information Management (HIM) workflows:  CodingWare, ReleaseWare, and CompletionWare.

"Our clients' continued success using our solutions is paramount to our organization," said Robert E. Watson, President and Chief Executive Officer of Streamline Health. "Our HIM solutions are an integral part in ensuring that the patient record is accessible, accurate, and complete, and we are pleased that Bronx-Lebanon continues to see their value."

"We look forward to continuing our partnership with Streamline Health," stated Seif Rehim, Vice President, Procurement & Materials Management at Bronx-Lebanon.  "AccessAnyWare and the HIM workflows are helping us move away from a paper-based environment to one that is electronically enabled."

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 Bronx-Lebanon Hospital Center Bronx-Lebanon Hospital Center is a 972 bed teaching and healthcare system, with two hospital divisions; a comprehensive psychiatric program; two long term care facilities; and an extensive "BronxCare" Network of medical practices. 

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.

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SOURCE Streamline Health Solutions, Inc.