CINCINNATI, Jan. 31, 2012 /PRNewswire/ -- Streamline
Health Solutions, Inc. (NasdaqCM: STRM), a leading provider of
enterprise content management and business analytics solutions for
healthcare organizations, today announced that Riverside Medical
Group has signed an agreement to license the Company's physician
workflow management solution to manage accounts receivable and
denials.
Riverside facilities include
physician offices, outpatient centers, convalescent facilities,
retirement communities, hospitals, and other services throughout
eastern Virginia. The company has
licensed Opportunity Manager along with the accounts receivable and
denial management workflows. These solutions will provide advanced
data insight to identify areas of performance improvement across
the revenue cycle continuum, allowing the physician practices to
maximize revenues and effectively prioritize and manage outstanding
accounts receivable levels. They will also be used to help maximize
the overturn of denials through proactive follow-up.
"New clients like Riverside Medical Group expand Streamline
Health's presence in the healthcare space by providing workflow and
analytic solutions to the ambulatory side of patient care in
addition to the acute business," said Robert E. Watson, president and chief executive
officer of Streamline Health. "The sale of these solutions
demonstrates the additive value to our business of our recent
Interpoint Partners acquisition. Riverside Medical Group recognized
the value in our new business analytics solutions and the advanced
reporting capabilities they will provide. We're pleased to add them
to our list of respected healthcare organization clients."
"We chose solutions from Streamline Health because of the
ability to integrate with our practice management system, as well
as the ability to adjust the workflows to meet our specific needs,"
said Richelle Fleischer, Vice
President Revenue Cycle and Customer Relations Management,
Riverside Health System. "We were looking for a proven solution
from an established healthcare information technology vendor, and
are very happy with our choice of Streamline Health."
About Streamline Health
Streamline Health provides solutions that help hospitals and
physician groups improve efficiencies and business processes across
the enterprise to enhance and protect revenues. Our enterprise
content management solutions transform unstructured data into
digital assets that seamlessly integrate with disparate clinical,
administrative, and financial information systems. Our business
analytics solutions provide real-time access to key performance
metrics that enable healthcare organizations to identify and manage
opportunities to maximize financial performance. Our integrated
workflow systems automate and manage critical business activities
to improve organizational accountability to drive both operational
and financial performance. Across the revenue cycle, our solutions
offer a flexible, customizable way to optimize the clinical and
financial performance of any healthcare organization. For more
information visit www.streamlinehealth.net.
About Riverside Medical Group
Riverside Medical Group (RMG) is one of the largest and most
diverse multi-specialty group practices in the state of
Virginia. Currently, RMG has 450
providers delivering care in 132 locations across the Hampton Roads area. Our providers are linked
by an electronic medical record that is leading the nation.
The Electronic Medical Record provides a higher quality
documentation of patient care that can speed up healthcare
decisions, increase convenience and improve patient safety and
ultimately save lives. Through a combination of information
technology and medical knowledge RMG is positioned to be the
driving force in the health of the communities it serves.
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.
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.