67 WALL STREET, New York - October 25, 2012 - The Wall Street Transcript has just published its Health Care IT Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Electronic Health Record Adoption - HIT Consolidation Activity - Platform Interoperability and Data Analytics - Analytics for Evidence-Based Care Protocols - Electronic Health Records Implementation - HITECH Act Incentives - Affordable Care Act
Companies include: Streamline Health Solutions (STRM) and many others.
In the following excerpt from the Health Care IT Report, the President and CEO of Streamline Health discusses the outlook for his company for investors:
TWST: Would you begin with a brief historical sketch of the company and a picture of the things you are doing at the present time?
Mr. Watson: Streamline Health Solutions, Inc., was founded 23 years ago as a document-management solutions provider for hospitals. The company went public in 1996. In 2011, the board of directors made a change in the leadership of the company, bringing in a new management team, represented by myself and others, in an effort to grow the business. The core business of the company is enterprise content management. That solution, AccessAnyWare, today is deployed across 45 clients representing about 180 hospitals.
In December of 2011, the company acquired Interpoint Partners, LLC, a provider of business analytics and business intelligence solutions, which today, comprises our OpportunityAnyWare solution suite. At the time of the acquisition, they had 14 clients representing approximately 60 hospitals.
On August 16, the company acquired Meta Health Technology, Inc. The solutions acquired from Meta are primarily focused around clinical documentation improvement, or CDI, and computer-assisted coding, or CAC. That company had, at the time of acquisition, 31 clients representing about 225 facilities. So in total, we have approximately 100 clients representing 450 facilities.
TWST: How would you describe the outlook for the industry, in general, and for Streamline, in particular, at the moment?
Mr. Watson: The health care information technology space has had a bit of an uplift over the last couple of years driven somewhat by the HITECH Act, embedded in the American Recovery and Reinvestment Act of 2008. In addition, there is strong positive movement in the marketplace that requires providers to continue to improve patient care and improve financial outcomes. In order to do so, providers need the assistance of innovative technology solutions. In general, we think the market remains strong for HCIT solutions.
At Streamline Health, we've had excellent year-to-date sales progress including very significant cross-selling opportunities among our three client bases, but also, in terms of net new sales, primarily driven by an enhanced sales team and our relationship with FTI Consulting.
TWST: What's the competitive landscape like for Streamline, and what do you see as the company's competitive advantages?
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.