Welcome to our dedicated page for Streamline Health Solutions In news (Ticker: STRM), a resource for investors and traders seeking the latest updates and insights on Streamline Health Solutions In stock.
Streamline Health Solutions Inc (STRM) provides technology-driven revenue cycle optimization for healthcare organizations through AI-enhanced platforms and enterprise analytics. This news hub offers investors and industry professionals verified updates on strategic developments impacting the company's financial and operational performance.
Access timely announcements including earnings reports, partnership agreements, product innovations, and leadership changes. Our curated collection focuses on events influencing STRM's market position in healthcare IT, such as SaaS platform enhancements, regulatory compliance updates, and health system client acquisitions.
Key coverage areas span financial results, technology deployments, executive appointments, and industry recognition. All content undergoes strict editorial review to ensure accuracy and relevance for stakeholders tracking revenue cycle management trends.
Bookmark this page for streamlined access to STRM's latest developments in coding automation, clinical documentation improvement, and healthcare data integration solutions. Check regularly for updates reflecting the company's progress in reducing revenue leakage for hospital networks nationwide.
Streamline Health Solutions reported a robust 109% year-over-year revenue increase for Q2 2022, totaling $6.0 million. The surge was driven by a 138% growth in SaaS revenue, with $4.4 million in new SaaS bookings. However, the company experienced a net loss of ($3.3 million) compared to a net loss of ($0.1 million) in Q2 2021. Recurring revenue accounted for 71% of total revenue. The company also introduced a new metric for SaaS growth, with a Booked SaaS ACV of $14.3 million as of July 31, 2022.
Streamline Health Solutions (Nasdaq: STRM) will announce its financial results for the quarter ending July 31, 2022, on September 7, 2022, after market close. A conference call is scheduled for September 8, 2022, at 9:00 AM ET to discuss these results. Interested participants can join via a live webcast or by phone at 877-407-8291. A replay will be accessible from September 8, 2022, to September 15, 2022, using conference ID 13732058. More information can be found on their website.
Streamline Health Solutions (NASDAQ: STRM) has announced a new contract with a West Georgia health system for its eValuator pre-bill coding analysis technology. Executed on July 28, this contract aims to enhance revenue integrity and financial performance by addressing coding issues before they lead to revenue leakage. This initiative aligns with Streamline Health's mission to promote pre-bill technology implementation across healthcare providers. CEO Ben Stilwill expressed pride in partnering with the new client to improve operational and financial outcomes.
Streamline Health Company (Nasdaq: STRM) announced the expansion of its relationship with a Southwest-based healthcare system, incorporating Avelead’s Compare solution in three additional facilities for EHR conversion support. This expansion aims to enhance data quality during large-scale migrations and mitigate revenue loss. President and CEO Jawad Shaikh emphasized the importance of transparency in data migration, addressing potential issues proactively to minimize operational disruptions. Avelead, supporting over 140 providers, focuses on eliminating revenue leakage and improving financial performance.
Streamline Health Solutions, Inc. (NASDAQ: STRM) announced the launch of the Pro-Fee module for its eValuator pre-bill coding analysis platform, enhancing its capabilities across inpatient, outpatient, and professional fee services. This addition enables healthcare providers to proactively address revenue leakage and optimize coding accuracy before billing. Streamline Health aims to simplify operations and improve financial performance for its clients, with a focus on integrated solutions and compliance in revenue management.
Streamline Health Solutions (NASDAQ: STRM) has signed a contract with a 50-hospital health system in the Southwest, marking the largest deal for its eValuator technology to date. This automated pre- and post-bill coding analysis aims to enhance revenue integrity across inpatient, outpatient, and professional fee services. The eValuator system addresses coding issues before they lead to revenue loss, denied claims, and compliance risks, which can significantly improve financial performance. The multi-faceted program also supports transitions to new payment models.
Streamline Health Solutions (NASDAQ: STRM) has contracted with a three-hospital health system in Missouri to implement its eValuator pre-bill coding analysis technology. This solution aims to enhance revenue integrity and financial performance by proactively addressing coding issues pre-billing to prevent revenue leakage and compliance risks. The CEO, Tee Green, emphasized the importance of optimizing revenue integrity, especially in challenging times, asserting that the technology requires no additional staffing while improving financial outcomes.
Streamline Health Solutions reported a 101% year-over-year increase in Q1 revenues, totaling $5.9 million, largely driven by the acquisition of Avelead. SaaS revenue surged 141%, contributing $2.8 million to total revenue, while total bookings reached a record $8.9 million. However, the company experienced a net loss of ($2.8 million) and an adjusted EBITDA loss of ($1.7 million). Recurring revenue decreased to 66% of total revenue.
Management expects sustained SaaS bookings between $3 million and $5 million per quarter for fiscal 2022.
Streamline Health Solutions (Nasdaq: STRM) announced the release of its financial results for the quarter ending April 30, 2022, set for June 8, 2022, after market close. The company specializes in helping healthcare providers manage revenue leakage and enhance financial performance.
A conference call is scheduled for June 9, 2022, at 9:00 AM ET to discuss these results and provide updates. Interested participants can access the call via a live webcast or by phone. Replay options will be available from June 9 to June 16, 2022.
Streamline Health Company (Nasdaq: STRM) has announced an expansion in its partnership with a major healthcare system by implementing its RevID automated charge reconciliation solution. This implementation is a significant milestone as it marks RevID's entry into its first MEDITECH electronic health record customer. The RevID solution aims to prevent revenue leakage by identifying and reconciling potential charge errors before billing, enhancing accountability and performance within revenue systems.
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