CINCINNATI, Jan. 10, 2012 /PRNewswire/ -- Streamline Health
Solutions, Inc. (NasdaqCM: STRM), a leading provider of enterprise
document management and revenue cycle solutions for healthcare
organizations, today announced the addition of Michael K. Kaplan, founder and managing director
of Altos Health Management, to its Board of Directors.
Mr. Kaplan brings more than twenty years of healthcare
experience as an operator, acquirer, venture investor, board
member, consultant, and investment banker. Prior to founding Altos
Health Management, Mr. Kaplan was a partner at Three Arch Partners,
a venture capital firm focused on healthcare. He was involved with
18 portfolio companies during nearly a decade at Three Arch. Before
joining Three Arch Partners, Mr. Kaplan was an operating executive
at Blue Shield of California where
he had a variety of roles, including vice president of corporate
development and strategic planning, regional chief executive for
Northern California, and vice
president of business transformation. Earlier in his career, Mr.
Kaplan was a senior manager in consulting for APM Incorporated/CSC
Healthcare and a financial analyst at Kidder, Peabody & Co.
Incorporated.
"The addition of Mr. Kaplan to our Board of Directors is further
indication of our Company's forward momentum," said Robert E. Watson, president and chief executive
officer of Streamline Health. "He brings to Streamline Health a
wealth of healthcare experience and we are confident he will
support our Company as it continues on its path of strategic
growth."
"I am pleased to be joining the Streamline Health Board of
Directors and for the opportunity to work with this team," said
Michael K. Kaplan. "It is an
exciting time for the field of healthcare information technology,
and for companies like Streamline Health. I look forward to
offering my knowledge and experience to assist with the Company's
future."
About Streamline Health
Streamline Health provides leading-edge technology solutions
that help healthcare provider organizations improve the quality of
patient care, reduce operating expense, and optimize revenue. Our
Software as a Service solutions simplify and facilitate improved
patient access, transition paper-based content to electronic
records, and provide increased transparency to key financial
metrics. For more information please visit our website at
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.
Visit our website at: www.streamlinehealth.net
Company
Contact:
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Investor
Contact:
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Streamline
Health Solutions
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BPC
Financial Marketing
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Erica
Ryan
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John
Baldissera
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Director
of Marketing Communications
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(800)
368-1217
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(513)
794-7100
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erica.ryan@streamlinehealth.net
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SOURCE Streamline Health Solutions, Inc.