CINCINNATI, Dec. 8, 2010 /PRNewswire/ -- Streamline Health
Solutions, Inc. (Nasdaq: STRM), a leading provider of document
workflow solutions for hospitals, today announced that one of the
largest faith-based, nonprofit healthcare delivery systems in
the United States, will implement
Streamline Health's Suite of Health Information Management document
workflow solutions at one of its affiliate acute-care hospitals
that has served Texas for more
than 20 years. The hospital will integrate Streamline Health
solutions into its EpicCare® medical record management system with
an eye toward enhancing business processes, improving employee
productivity, and promoting improved patient outcomes. The total
value of the contract is estimated to exceed $370,000, excluding maintenance services; with
the installation and implementation of the health information
management document workflows expected to take place in late
calendar 2011.
The addition of Streamline Health's Suite of Health Information
Management document workflow solutions will result in an efficient,
secure and timelier method to access historical, and real-time,
patient health records. The Texas-based institution seeks to advance
patient care by creating more operational and financial
efficiencies across the entire enterprise via the robust
capabilities of Streamline Health's document workflow solutions.
J. Brian Patsy, president and
chief executive officer of Streamline Health, said, "We are pleased
to be able to serve such a prestigious healthcare institution in
the state of Texas. We
recognize the beneficial financial impact of bridging the gaps
between the various software systems utilized by the numerous
departments of such a large medical institution. The medical staff
will now be able to offer well-informed decisions based on
patients' historical health information on a real-time basis. We
are pleased to be the solutions provider that delivers this
critical value proposition."
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.
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,
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.
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Company Contact:
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Investor Contact:
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Streamline Health
Solutions
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Lytham Partners, LLC
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Melissa Vincent
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Joe Diaz, Robert Blum, Joe
Dorame
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Marketing
Communications
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(602) 889-9700
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(513) 794-7100
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STRM@lythampartners.com
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Melissa.Vincent@streamlinehealth.net
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SOURCE Streamline Health Solutions, Inc.