Streamline Health Announces Joint Marketing Agreement With FTI Consulting

CINCINNATI, Feb. 2, 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 had entered into a joint marketing agreement with FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value. As part of the agreement, FTI Consulting will market the benefits of the Streamline Health business intelligence and analytic software along with patient financial services workflows, and Streamline Health will highlight the benefits of the firm's consulting services to both clients and prospects.

FTI Consulting also will utilize Streamline Health's solutions on performance improvement projects to maximize financial results for its clients. Working with Streamline Health, FTI Consulting will use the solutions along with its professional advisors to facilitate and accelerate the identification and achievement of revenue cycle performance for its clients nationwide. Streamline Health's solutions will give FTI Consulting the technology required to continue to exceed its projects' objectives and differentiate itself as the premier leader of healthcare performance improvement advisors.

"The global expertise and innovative thought leadership of FTI Consulting will help us to ensure our market is fully aware of the benefits of our solutions and how they can be used to optimize healthcare organizations' revenue cycle performance and maximize financial results," said Robert E. Watson, president and chief executive officer of Streamline Health. "Combining the expertise of FTI Consulting with our solutions will help healthcare providers make informed and actionable business decisions for more efficient revenue cycle management."

Brian Flynn, Senior Managing Director of the FTI Consulting Healthcare Solutions group, said: "Streamline Health is an industry leader in providing revenue cycle operations technology solutions, and we are pleased to be working in partnership with Streamline Health to bring innovative, cutting-edge business intelligence solutions to our healthcare clients across our practices.  In addition to strengthening our existing offering to clients, this agreement allows us to market our expertise to a larger array of companies through Streamline Health's deep network of organizations."

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 23 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 $1.4 billion in revenues during fiscal year 2010. 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, and 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 Accounting 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, 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.

Visit our website at: www.streamlinehealth.net

 

SOURCE Streamline Health Solutions, Inc.