Streamline Health Announces Five-Year Licensing Agreement With FTI Consulting

CINCINNATI, July 25, 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 it has entered into a five-year licensing agreement with global business advisory firm, FTI Consulting, Inc. (NYSE: FCN). This new Software as a Service license follows a recently announced joint marketing agreement between the two companies. To address clients' complex revenue cycle challenges, FTI Consulting will utilize Streamline Health's OpportunityAnyWare business intelligence and analytics and patient financial services automated workflow solutions for accounts receivable, denials, and audits.

FTI Consulting business advisors will now have access to powerful business intelligence through OpportunityAnyWare, Streamline Health's web-based solution that aggregates data from disparate sources and provides a real-time view of an organization's financial key performance indicators. Consultants can perform advanced data mining and opportunity analysis and conduct in-depth root cause analyses. Combined with the ARWare and AuditWare workflow solutions and 835DenialWare data import solution, organizations can increase cash flow, improve net revenue, optimize the audit process, and understand the root causes of denials for successful appeals. The full suite helps organizations gain a full understanding of their financial performance with access to consistent, updated, and reliable data for sophisticated workflows.

"Today's healthcare organizations are faced with declining reimbursements, complex audits, and denials from both private payors and the government," said Robert E. Watson, president and chief executive officer of Streamline Health. "By combining our business intelligence and analytics solution as well as our automated workflow suite with FTI Consulting's knowledgeable advisors, we can help hospitals, physicians groups, and other healthcare organizations identify their most impactful financial issues and take the steps needed to allow their organizations to make truly informed business decisions to maximize revenues."

Brian Flynn, senior managing director of the FTI Consulting Healthcare Solutions group, said:  "FTI Consulting is dedicated to helping our clients protect and enhance enterprise value. By licensing Streamline Health's full suite of business intelligence, analytics, and workflow solutions, our advisors will now be able to access and analyze massive amounts of complex financial data that would otherwise be too cumbersome for our clients. This maximizes the ability to collect reimbursements and deal with complex audits and denials and other issues across the revenue cycle on all of our engagements."

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 FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 3,800 employees located in 24 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management, strategic communications and restructuring. The company generated $1.56 billion in revenues during fiscal year 2011. More information can be found at www.fticonsulting.com.

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.