Streamline Health® Expands RevID™ Agreement With 400-Bed Children’s Health System
Rhea-AI Summary
Streamline Health Solutions, Inc. (NASDAQ: STRM) has expanded its contract for RevID with a 425-bed, Oracle-EHR based children's health system, extending the term for an additional 5 years. RevID's automated charge reconciliation aims to accelerate cash flow by ensuring accurate capture, billing, and payment for all provided care.
The expansion demonstrates the client's continued trust in Streamline's products and team. Streamline Health is leading an industry movement to improve hospital financial performance through pre-bill technology solutions. The company's CEO, Ben Stilwill, expressed enthusiasm for supporting the client's goal of accurate payment and sharing their experience with future clients.
Positive
- Contract expansion with a 425-bed children's health system
- Extension of contract term for 5 additional years
- Demonstration of client trust in Streamline's products and team
Negative
- None.
News Market Reaction – STRM
In the trading session that priced this news, STRM declined 1.98%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DC-based Children’s health system expands utilization of RevID to improve charge capture and financial performance, extends to 5-year term
ATLANTA, July 16, 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 contract for the use of RevID with a 425-bed, Oracle-EHR based health system and extended the term for an additional 5 years.
Streamline Health is leading an industry movement to improve hospital financial performance through pre-bill technology solutions. RevID’s automated charge reconciliation accelerates cash flow by ensuring that providers can accurately capture, bill and ultimately be paid for all the care they provide.
“We are pleased with the continued trust our client places in our products and our team,” stated Ben Stilwill, President and Chief Executive Officer, Streamline. “We look forward to supporting their quest to be accurately paid for all of the care they’ve provided and sharing their experience with future clients.”
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
