ATLANTA – Streamline Health Solutions, Inc. (NASDAQ: STRM), a provider of healthcare financial performance solutions, has broadened its contract with a central Florida academic medical center to include more facilities. The expansion follows the initial adoption of Streamline’s eValuator, an AI-enhanced pre-bill code auditing system, which the healthcare provider implemented across its 1,250-bed, Epic-based network.
The medical center, which recently completed the eValuator’s implementation, has decided to extend the platform’s use to additional facilities it has acquired. This decision was made after observing a significant return on investment shortly after the system went live. According to Ben Stilwill, President and CEO of Streamline, the quick expansion by the client was partly driven by new AI-generated rules that have proven effective.
Streamline Health is at the forefront of an industry trend that focuses on enhancing hospital financial performance through pre-bill technology solutions. The eValuator system aims to ensure accurate capture and billing of healthcare services provided, which is intended to reduce denials and secure appropriate payments for care delivered.
The company emphasizes that the eValuator’s AI capabilities are designed to support healthcare providers in their billing processes, ensuring compliance and enhancing revenue integrity. Streamline Health offers a suite of integrated solutions and services, along with analytics, to tackle revenue leakage and bolster financial outcomes for healthcare organizations.
This expansion signifies the healthcare provider’s trust in Streamline Health’s technology and team, as they work to maintain a unified platform across their growing system. The financial details of the contract expansion were not disclosed.
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The information in this article is based on a press release from Streamline Health Solutions, Inc.
InvestingPro Insights
As Streamline Health Solutions, Inc. (NASDAQ: STRM) continues to expand its footprint with the eValuator’s system across healthcare facilities, investors and stakeholders are closely monitoring the company’s financial health. According to recent data from InvestingPro, Streamline Health Solutions holds a market cap of approximately $18.25 million.
Despite the company’s strategic moves in the healthcare technology sector, the data suggests some challenges. The P/E Ratio…
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