ATLANTA, Nov. 20, 2018 /PRNewswire/ -- Streamline Health Solutions, Inc. (NASDAQ: STRM), provider of integrated solutions, technology-enabled services and analytics supporting revenue cycle optimization for healthcare enterprises, today announced it extended its banking agreement with Wells Fargo into its fiscal year 2020. The original agreement with Wells Fargo was to expire in November of 2019.
Streamline Health is leading an industry movement to improve healthcare providers' financial performance by moving mid-to-late revenue cycle interventions upstream, optimizing coding accuracy for every patient encounter prior to bill submission. By improving coding accuracy before billing, providers can reduce lost revenue, mitigate overbill risk, and reduce denials and days in A/R. This enables providers to turn unpredictable revenue cycles into dynamic revenue streams.
"We appreciate the longstanding relationship we have with Wells Fargo and are happy to have extended our existing agreement into our fiscal year 2020," stated David Sides, President and Chief Executive Officer, Streamline Health. "We have continued to lower costs and improve operations which has positively impacted leverage. With the previously announced cost initiatives and improvements in leverage, we can focus on more investments in growth in our fiscal 2019 planning process."
About Streamline Health
Streamline Health Solutions, Inc. (NASDAQ: STRM) is a healthcare industry leader in capturing, aggregating, and translating enterprise data into knowledge – producing actionable insights that support revenue cycle optimization for healthcare enterprises. We deliver integrated solutions, technology-enabled services and analytics that empower providers to drive revenue integrity in a value-based world. We share a common calling and commitment to advance the quality of life and the quality of healthcare – for society, our clients, the communities they serve, and the individual patient. For more information, please visit our website at www.streamlinehealth.net.
Company Contact: Randy Salisbury SVP, Chief Marketing Officer (404) 229-4242 [email protected]