CINCINNATI, Oct. 28 /PRNewswire/ -- Streamline Health Solutions, Inc. (Nasdaq: STRM) a leading provider of document workflow solutions for hospitals, today announced that a medical facility located in the Midwestern region of the U.S. has entered into a seven (7) year contract for Streamline Health's accessANYware™ hosted document workflow solutions integrated with the enterprise electronic medical record (EMR) system of Streamline Health's largest remarketing partner. The total value of the contract is estimated to exceed $800,000 with implementation expected to be complete in the third calendar quarter of 2011.
Through this integrated solution, the medical facility looks to improve operational efficiencies, redefine patient care and provide a complete view of the electronic record across the continuum of care. Streamline Health will assist the acute care facility by providing convenient electronic access, including secure web-based access, to all forms of patient information anytime, anywhere. The use of Streamline Health's enterprise solutions will lead to improvements in regulatory compliance, reduction in operating costs, as well as enhancements in the coordination of care.
"We are pleased to deliver integrated solutions offering improvements in operational efficiencies to enhance patient care," said J. Brian Patsy, president and CEO of Streamline Health. "The seamless integrated workflow solutions will offer the medical facility a flexible, automated process that increases productivity and reduces costs."
Mr. Patsy continued, "We are particularly pleased with the traction that we are gaining in our sales and marketing efforts to this point in the fiscal year. We are approaching the lower end of our sales goal for the entire year while still operating in our third fiscal quarter. We hope to finish the year on a strong note."
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.
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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.