CINCINNATI, Oct. 26 /PRNewswire/ -- Streamline Health Solutions, Inc. (Nasdaq: STRM) a leading provider of document workflow solutions for hospitals, today announced that one of the country's leading healthcare organizations expects to open a new facility utilizing Streamline Health's Suite of Health Information Management document workflow solutions. This new premier outpatient heart and vascular clinic will integrate Streamline Health solutions into its EpicCare® medical record management system from Epic Systems Corporation. The clinic will deploy the integrated solutions to enhance business processes, boost productivity, and help promote transition of care beyond the hospital setting in order to provide the highest quality of care for heart failure patients. The total value of the contract is estimated to exceed $330,000 excluding maintenance services with implementation expected to be completed in the first half of 2011.
Streamline Health will help this nonprofit health care delivery system, one of the largest faith-based in the United States, to promote excellent cardiac services and facilitate better care for all patients by improving operational efficiencies through business process optimization. The implementation of Streamline Health's document workflow solutions at the cardiovascular outpatient clinic will automate vital workflows and provide physicians immediate access to critical patient data. The result will be accelerated clinical decisions based on comprehensive electronic health records.
"We are particularly pleased to provide the new heart and vascular outpatient clinic with document workflow solutions that link the quality of care to better patient outcomes," stated J. Brian Patsy, president and CEO of Streamline Health. "Our HIM Suite of document workflow solutions look to generate a more efficient and streamlined approach to view the patient's entire health record. By eliminating business process delays, the hospital organization can better serve its patients and the community with quick, accurate, and leading-edge cardiac care services."
"This transaction represents another important step on the way to achieving our sales goals for the fiscal year," continued Mr. Patsy. "Our highly focused sales and marketing efforts are being rewarded with new contracts that are driving our backlog and increasing our recurring revenue stream for the coming years. We are pleased with the progress being made as we move into our fiscal fourth quarter."
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.