ATLANTA, March 21, 2018 /PRNewswire/
-- Streamline Health Solutions, Inc. (NASDAQ: STRM),
provider of integrated solutions, technology-enabled services and
analytics supporting revenue cycle optimization for healthcare
enterprises, today announced it signed a contract with Washington
Regional Medical Center. The 425-bed facility located in
Fayetteville, Arkansas, contracted
for Streamline Health eValuator, our new cloud-based automated
pre-bill coding analysis technology.
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 were looking for an innovative new way to help us improve
our revenue integrity and came across Streamline Health's
eValuator," stated Ashley Moser,
RHIT, Director of Revenue Integrity, Washington Regional Medical
Center. "Our goal in deploying eValuator is to improve our
coding accuracy by analyzing every patient record before we bill
them. An analysis of some of our previously billed records
clearly showed opportunities we could improve upon, both in
capturing more revenue for the care we had provided, and in helping
us mitigate revenue risk."
"We are pleased to begin this new relationship with Washington
Regional and are committed to helping them improve their financial
performance through enhanced revenue integrity," stated
David Sides, President and Chief
Executive Officer, Streamline Health. "The potential results
we presented to them using our eValuator technology, I believe,
helped make it easy to select Streamline as their partners in this
initiative. We showed them how to view eValuator as having a
positive return on revenue as opposed to a return on investment.
When results like that are achieved, eValuator pays for itself
within a matter of months."
About Washington Regional Medical Center
Washington Regional is here for you with a comprehensive
healthcare network that includes the only not-for-profit,
community-owned and locally governed medical center in Northwest Arkansas. Washington Regional is
committed to improving the health of people in communities we serve
through compassionate, high-quality care, prevention and wellness
education. Visit www.wregional.com for more information.
About Streamline Health
Streamline Health Solutions, Inc. (NASDAQ: 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 empower providers to drive revenue
integrity 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.
Company Contact:
Randy
Salisbury
SVP, Chief Marketing Officer
(404) 229-4242
randy.salisbury@streamlinehealth.net
View original content with
multimedia:http://www.prnewswire.com/news-releases/washington-regional-medical-center-signs-new-contract-for-streamline-health-evaluator-automated-pre-bill-analysis-solution-300617820.html
SOURCE Streamline Health, Inc.