CINCINNATI, Dec. 14, 2010 /PRNewswire/ -- Streamline Health
Solutions, Inc. (Nasdaq: STRM), a leading provider of document
workflow solutions for hospitals, today announced that a
Florida-based medical institution
will implement Streamline Health's Audit Compliance for the
Enterprise Solution (AuditACEā¢) and Financial Screening Workflow
Solution. The addition of these workflow solutions dramatically
enhances the institution's ability to successfully address federal
and state government reimbursement audits and charity care
assessments. The two new workflows represent an expansion of the
institution's existing suite of Streamline Health solutions. The
two new workflow solutions are expected to be installed and
operational in early 2011.
"Going forward we believe that audit compliance will become a
highly important component in a hospital's day-to-day operations,"
said J. Brian Patsy, president and
chief executive officer of Streamline Health Solutions, Inc. "It
will have a direct impact on the ability of medical institutions to
manage their cash flow by retaining federal reimbursement income
that is rightfully theirs. AuditACE is designed to permit medical
institutions to justify reimbursement claims to the appropriate
agencies of federal and state governments, as well as private
payers in a very comprehensive and timely basis. As the
payers become increasingly active in auditing healthcare providers
to justify reimbursement claims, we believe our solutions will
prove to be extremely valuable."
Mr. Patsy continued, "We are pleased to provide these
mission-critical solutions to the hospital market. Our Florida-based customer has taken an important
step in proactive audit compliance and charity care assessment to
increase efficiency across the spectrum of care. We are confident
these integrated workflow solutions will enhance efficiencies and
improve business performance, while generating a measureable return
on investment."
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.