CINCINNATI, June 3 /PRNewswire-FirstCall/ -- Streamline Health Solutions, Inc. (Nasdaq: STRM) a leading provider of document workflow solutions for hospitals, today announced an agreement with MRO Corp. of King of Prussia, Pa, a leading provider of disclosure management applications and services for healthcare organizations. The integrated solutions will provide document workflow and release-of-information (ROI) processing for healthcare organizations.
Through the mutual referral marketing agreement, MRO will refer Streamline Health's document workflow and management solutions to its hospital and healthcare customers seeking to bridge the productivity gap between paper-based processes and transaction-based healthcare information systems. Streamline Health will refer MRO to its hospital and healthcare customers looking for disclosure management applications and services, such as ROI Online™. Overall, this agreement expands penetration into new and existing markets for both organizations, and offers healthcare providers an opportunity to advance their facility's technology and processes with integrated solutions.
"This agreement brings together the unique capabilities of MRO and Streamline Health as industry leaders," said Stephen Hynes, president of MRO. "By being able to integrate Streamline Health's comprehensive document workflow and management solutions with MRO's industry leading release-of-information services, the partnership ultimately offers greater flexibility to our customers seeking access to a much broader range of services."
Streamline Health provides document workflow and management solutions via its hosted model therefore minimizing capital expenditures for a customer. Healthcare provider customers are able to capture documents, place them in a repository, access a historical view of patient records and route documents to optimize various healthcare business processes. Meanwhile, MRO offers providers the ability to import electronic documents directly into the release workflow through a combination of technology and services, ultimately giving better control of the ROI process and higher levels of oversight.
"Streamline Health's relationship with MRO began through the interactions with customers who were looking for the exact functionality that MRO offers," said Brian Patsy, president and CEO of Streamline Health. "After an extensive marketplace assessment, we selected MRO as our partner because of the breadth of their solutions and the industry reputation that our customer base demands."
About MRO Corp.
MRO specializes in all aspects of the disclosure of personal health information for healthcare providers, including release-of-information (ROI), audit tracking and document management software and services. With simple, effective and affordable solutions that integrate both paper-based and electronic record systems, MRO leverages Software as a Service (SaaS) technology to enable organizations to comply with regulatory requirements, streamline processes and reduce costs. Based in King of Prussia, Pennsylvania, MRO is a leading provider of health information disclosure management services that partners with thousands of healthcare practitioners and administrative personnel across the country. For additional information, visit www.mrocorp.com.
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, visit 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.
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SOURCE Streamline Health Solutions, Inc.