Streamline Health Solutions Inc. (STRM) this week entered into an agreement with a large health system. The Mid-Atlantic region-based health system provider agreed with STRM to use its eValuator Revenue Integrity Program. The cloud-based automated pre- and post-bill coding analysis technology helps healthcare providers to tackle with revenue leakage and compliance exposure with a proactive approach.
The health system will use that technology in its inpatient and outpatient services to improve its revenue integrity. Streamline Health is leading an industry-wide strategy of helping hospitals improving their financial performance. By making use of that pre-bill technology, providers can detect and correct any coding issues before they become effective. Those include leakage of revenue, claim denials and provider’s exposure to the financial non-compliance. The company provides eValuator technology equipped with expert auditing services. That enables it to provide its clients with complete solution for Revenue Integrity Program.
The technology ensures optimization in accuracy and coding of documents for every patient before he or she has been billed. This not only significantly improves users’ current financial performance but also assists them to adopt new payment methods.
President and Chief Executive Officer of Streamline Health said that the company is excited to have that customer aboard. The client showed hits trust in Streamline Health by signing a collaboration to drive its pre-bill revenue integrity strategy. The new client’s operates an Academic Medical Center as its leading facility. It is also involved in providing primary healthcare services to communities across the Mid-Atlantic region. Streamline Health feels pride in helping that client in its goal of providing quality health services during this difficult time.
Streamline Health also announced its financial results this week for the second quarter and first half of fiscal 2020, which ended July 31, 2020. Total quarterly revenues grew 16% to $2.9 million from $2.5 million in the same quarter a year ago.