Washington Regional Medical Center Signs New Contract For Streamline Health® eValuator™ Automated Pre-Bill Analysis Solution
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.
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SOURCE Streamline Health, Inc.