Courtesy of Crain Business Insurance – Financial Content
ATLANTA, GA / ACCESSWIRE / January 15, 2019 / 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 Methodist Hospitals in Northwest Indiana for Streamline Health® eValuator™, its cloud-based automated pre-bill coding analysis technology. Methodist Hospitals will use eValuator at their Northlake and Southlake campuses.
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 lost revenue, mitigate overbill risk, and reduce denials and days in A/R. This enables providers to turn unpredictable revenue cycles into dynamic revenue streams.
“As a community-based not-for-profit health system, it is incumbent on us to provide the highest quality care for the communities we serve while at the same time ensuring we provide accurate billing to the various payors who cover our patients,” stated Dawn Smith, HIM Director, Methodist Hospitals. “With Epic as our EMR system it was important that we use technology that easily integrates with their system and Streamline Health’s eValuator does that. We plan to use eValuator at both our Northlake and Southlake campuses, and based on the results we saw from the initial analysis that Streamline ran on our previous billing data, we anticipate a positive return on our investment in this new technology.”
“Our Chicago area eValuator client base continues to grow with the addition of Methodist Hospitals in Northwest Indiana. We are especially pleased to add another new Epic-based client as well,” stated David Sides, President and Chief Executive Officer, Streamline Health. “Healthcare providers today, whether for-profit or not-for-profit, need to make sure they are getting fully and fairly reimbursed for all care delivery under today’s increasingly complex payment guidelines. Our cloud-based, pre-bill coding analysis technology enables Methodist Hospitals to check each and every patient bill before it is billed, ensuring that they don’t under bill or over bill payors. We know for a fact that our clients achieve better financial results through improved coding accuracy with eValuator.”
About Methodist Hospitals
Methodist Hospitals is a community-based, not-for-profit health system with two full-service acute care facilities in Gary and Merrillville, Indiana, that has been leading the way to better health for residents of Northwest Indiana for almost 100 years. Methodist Hospitals offers a number of award-winning programs, including its Neuroscience, Oncology, Heart and Vascular Institutes and Breast Care Center. Its range of services also includes Women & Children’s Services, Bariatric Surgery services, Emergency & Trauma services, Immediate Care Centers, an Orthopedic & Spine Care Center, Sports medicine, comprehensive Rehabilitation services, Behavioral Health and Home Health Services. It has earned Magnet® designation by the American Nurses Credentialing Center and the Joint Commission’s Gold Seal of Approval for Hospital Accreditation. Methodist’s Northlake Campus is a Verified Level III Trauma Center.
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 Solutions, Inc.