Company Executes on Strategy to Add Technology to Audit Services Clients
ATLANTA, Oct. 4, 2017 /PRNewswire/ -- Streamline Health Solutions, Inc. (STRM), provider of integrated solutions, technology-enabled services and analytics supporting revenue cycle optimization for healthcare enterprises, today announced the sale of eValuator, its new cloud-based automated pre-bill code auditing technology, to one of their existing West Coast-based clients. The Company began its relationship with the hospital system in late 2016 when it chose Streamline Health to handle its audit services needs.
With eValuator, 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 revenue leakage, mitigate overbill risk, and reduce denials and days in A/R. This enables providers to turn unpredictable revenue cycles into dynamic revenue streams.
"We really appreciate the relationship we've developed with this client by handling their traditional post-bill audits. As our relationship grew, we showed them how they could further improve their coding accuracy and coder training by using eValuator for automated analysis of all cases prior to billing," stated David Sides, President and Chief Executive Officer, Streamline Health. "It's great to work with innovative healthcare providers that are truly committed to the health of the communities they serve and constantly looking for ways to improve overall financial performance as it funds their mission. With eValuator, our code auditing technology can help them further improve their financial performance by reviewing all coded patient records before they are billed."
About Streamline Health
Streamline Health Solutions, Inc. (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 enable providers to drive reimbursement 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.
Disclosure Regarding Client Relationships
This announcement may contain statements regarding the availability and sale of solution offerings from Streamline Health Solutions, Inc. Readers should understand that inherent risks in contractual relationships, such as changes in duration, scope or volume and similar unanticipated events, may come into play, and readers are cautioned to consider such factors in any reliance on these statements.
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