Streamline Health Solutions In Stock Price, News & Analysis

Streamline Health Solutions (NASDAQ: STRM) announced findings from a KLAS Research report on its eValuator revenue integrity program. The report highlights that 100% of surveyed customers saw positive outcomes within six months, with a third experiencing immediate benefits. Customers praised eValuator's coding accuracy and its impact on financial performance. The automated system reduces coding overhead and improves claim clean rates, leading to quicker revenue collection. Overall, the eValuator received high marks in customer satisfaction, with clients expressing willingness to repurchase.

Streamline Health Solutions (Nasdaq: STRM) has been invited to the 12th Annual Craig-Hallum Alpha Select Conference, scheduled for November 16, 2021. The conference will be held virtually, allowing healthcare providers to engage in discussions on revenue integrity. Streamline's eValuator Revenue Integrity Program aims to help healthcare institutions improve financial performance by addressing revenue leakage. For inquiries or to schedule meetings, attendees can contact their Craig-Hallum representative or Streamline's investor relations.

Streamline Health Solutions (NASDAQ: STRM) is set to present at the Fall Harvest – Best Ideas from the Buy-Side conference on October 6, 2021, at 10:30 AM ET. This virtual conference runs from October 5-8, 2021, focusing on the top 35 investment ideas from qualified institutional investors. Streamline, renowned for its eValuator™ Revenue Integrity Program, aims to tackle revenue leakage in healthcare. Management will also conduct one-on-one meetings during the event. For more information, visit Streamline Health's website.

Streamline Health Solutions, Inc. (NASDAQ: STRM) reported second quarter fiscal 2021 revenues of $2.9 million, matching the prior year. SaaS revenue surged by 59% year-over-year, representing 84% of total revenue. The net loss narrowed to ($0.1 million) from ($1.1 million) in Q2 2020, aided by $2.3 million in loan forgiveness. Adjusted EBITDA loss grew to ($0.8 million) from ($0.4 million) the previous year. Total bookings were $1.6 million. The company continues to focus on enhancing sales and support amid challenges posed by the COVID Delta variant.

Streamline Health Solutions (NASDAQ: STRM) has announced a new contract with a Cerner EHR-based health system in Eastern North Carolina. The nearly 300-bed medical center will utilize the eValuator™ Revenue Integrity Program to enhance revenue integrity and financial performance across inpatient and outpatient services. This technology enables the identification of coding issues before billing, reducing revenue leakage and compliance risks. Streamline Health aims to lead the industry towards pre-bill technology for improved financial outcomes.

Streamline Health Solutions (NASDAQ: STRM) announced its financial results release for the quarter ending July 31, 2021, on September 8, 2021, post-market close. A conference call is scheduled for September 9, 2021, at 9:00 AM ET, to discuss these results and the recent acquisition of Avelead. Interested parties can join via a live webcast or by phone at 877-407-8291.

Streamline Health Solutions, Inc. (NASDAQ: STRM) has successfully acquired Avelead Consulting, LLC for a total transaction value of $35 million, which includes $20 million in cash and stock, plus a performance-based earnout of $15 million. This strategic acquisition aims to enhance Streamline's capabilities in improving revenue integrity for healthcare providers, especially in the current challenging economic environment. The deal will be financed through a mix of cash and restricted stock, reinforcing Streamline's commitment to revenue cycle optimization.

Streamline Health Solutions (NASDAQ: STRM) announced its acquisition of Avelead Consulting for $20 million, which includes cash and stock performance-based earnouts worth an additional $15 million. This acquisition aims to enhance Streamline's revenue cycle capabilities, improve healthcare providers' financial performance, and foster the generation of positive EBITDA. Avelead brings in an annual recurring revenue run rate of $5.7 million and its SaaS solutions complement Streamline's existing offerings. The acquisition is expected to strengthen Streamline's market position.

Streamline Health Solutions (NASDAQ: STRM) has secured a contract with a 200-bed hospital in Missouri, utilizing its eValuator™ Revenue Integrity Program. This program aims to enhance revenue integrity and compliance by providing automated coding analysis for inpatient care. The eValuator technology focuses on pre- and post-bill coding to prevent revenue leakage and denied claims, optimizing coding accuracy before billing. Streamline Health emphasizes the importance of financial performance for all healthcare providers, supporting the transition to new payment models.