Streamline Health® Adds Quality Module to Third eValuator™ Client

Rhea-AI Summary

Streamline Health Solutions has expanded its relationship with a Florida academic medical center by implementing the new eValuator Quality Module. This addition is expected to increase SaaS revenues from this client by 20%. The module provides real-time AI-powered pre-bill code auditing and analyzes 100% of encounters, enabling healthcare providers to assess risk scores and quality measurement impact in real-time. The technology aims to improve hospital financial performance by ensuring accurate billing, preventing denials, and eliminating manual post-hoc risk scoring practices.

Positive

• Expected 20% increase in SaaS revenue from existing client
• Expansion of service offering with existing client through new module implementation
• Real-time analysis capability for 100% of encounters

Negative

• None.

eValuator Quality Module provides real-time risk scoring and quality measurement impact

ATLANTA, Oct. 29, 2024 (GLOBE NEWSWIRE) --  – Streamline Health Solutions, Inc. (NASDAQ: STRM), a leading provider of solutions that enable healthcare providers to improve financial performance, announced that it has expanded its relationship with a leading academic medical center in Florida to include the recently released eValuator Quality Module. Streamline expects that this module will increase the SaaS revenues from its eValuator relationship with this client by 20%.

Streamline Health is leading an industry movement to improve hospital financial performance through pre-bill technology solutions. eValuator’s AI-powered pre-bill code auditing analyzes 100% of encounters in real-time, ensuring that providers can accurately capture, bill and ultimately be paid for all the care they provide while avoiding denials. The eValuator quality module enables health systems to prospectively assess the risk score of individual claims and their estimated impact on overall quality measurement in real time. By eliminating manual, post-hoc risk scoring practices, the quality module introduces an industry-leading workflow that allows for correction of coding errors signaled by risk scores.

“We are thrilled to see our new eValuator Quality Module being adopted by leading healthcare organizations, and expect these expansions to continue,” stated Ben Stilwill, President and Chief Executive Officer, Streamline. “By providing real-time insights into risk scoring and quality metrics, , we are empowering our clients to enhance patient care while ensuring accurate reimbursement.”

About Streamline Health

Streamline Health Solutions, Inc. (Nasdaq: STRM) enables healthcare organizations to proactively address revenue leakage and improve financial performance. We deliver integrated solutions, technology-enabled services and analytics that drive compliant revenue leading to improved financial performance across the enterprise. For more information, visit www.streamlinehealth.net

Source: Streamline Health Solutions, Inc.

FAQ

What is the expected revenue increase from the new eValuator Quality Module for Streamline Health (STRM)?

Streamline Health expects a 20% increase in SaaS revenues from this specific client relationship following the implementation of the eValuator Quality Module.

What does the new eValuator Quality Module by Streamline Health (STRM) do?

The eValuator Quality Module provides real-time risk scoring and quality measurement impact assessment, analyzing 100% of encounters and enabling healthcare providers to correct coding errors signaled by risk scores.

Which healthcare facility has implemented Streamline Health's (STRM) new Quality Module?

A leading academic medical center in Florida has expanded its relationship with Streamline Health to include the eValuator Quality Module.