Streamline Health Expands Client Base With Software as a Service Agreement with Riverside Medical Group

Tue Jan 31, 2012 7:01am EST

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Streamline Health Expands Client Base With Software as a Service Agreement with Riverside Medical Group

Riverside Medical Group to License the Company's Business Analytics Solutions to Maximize Operational Efficiencies and Drive Financial Performance

PR Newswire

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:

Investor Contact:

 

Streamline Health Solutions

BPC Financial Marketing

 

Erica Ryan

John Baldissera

 

Director of Marketing Communications

(800) 368-1217

 

(513) 794-7100

 

 

erica.ryan@streamlinehealth.net

 

 

 

 

 

 

SOURCE Streamline Health Solutions, Inc.

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