CINCINNATI, Aug. 3, 2011 /PRNewswire/ -- Streamline Health Solutions, Inc. (Nasdaq: STRM), a market leading provider of document workflow solutions for hospitals, announced today that St. Vincent's Medical Center has extended its agreement to utilize Streamline Health products and services through an agreement with Streamline Health's strategic partner, GE Healthcare. Under the terms of the seven-year agreement, the healthcare system will be converting from a licensing model to Streamline Health's software as a service (SaaS) model, and will upgrade to a new accessANYware version with additional HIM workflows.
St. Vincent's Medical Center is a 473-bed community teaching and referral hospital with a Level II trauma center. St. Vincent's provides a full range of inpatient and outpatient services with regional centers of excellence in cardiology, surgery, cancer care, orthopedics, diagnostics, women's and family services, behavioral health, senior health, and an array of specialized services.
By migrating to accessANYware v1.9, the medical center will move closer to their goal of ICD-10 compliance. accessANYware v1.9 provides key benefits in the final elimination of legacy hardware and provides multi-entity benefits allowing a medical center to manage facilities separately with unique governance. The upgrade will also provide the medical center with GE Inbox integration – allowing physicians to complete their charts from one location.
As part of the new agreement, the medical center will also deploy several additional Streamline Health products: Chart Completion Workflow, Coding Workflow, and Release of Information Workflow. The suite of workflows will improve the efficiency and effectiveness of the HIM department by automating the routing of documents and allowing remote employees access to documents online.
Moving to the SaaS model gives the organization access to an already established, fully redundant, and fault tolerant computing environment where records are secure from unauthorized access through encrypted data transfers. Hardware and software are maintained and upgraded off-site, minimizing maintenance costs and reducing reliance on IT staff and resources. It also gives the medical center access to a fully trained IT staff dedicated to the 24/7 operation and administration of the system.
"We are pleased to be able to provide St. Vincent's with not only the products and workflows that will help their staff work in a more electronic environment, but to also offer an outsourced option that meets their needs," said Robert Watson, president and chief executive officer of Streamline Health. "By utilizing our HIM workflows, St. Vincent's Medical Center will be able to drive additional operational efficiencies that will lead to a real return on investment. Like many of our clients, migrating to our SaaS model will help the organization reduce infrastructure costs, upgrade their document storage system without incurring the costs associated with additional servers and hardware, and free up their information technology staff to focus on managing other programs."
"We have successfully used Streamline Health's document management solutions in our hospital for more than five years, and see the migration to their SaaS model along with the implementation of their HIM workflows as the next step in our journey to the complete online patient record," said Betsy Thornquist, chief information officer at St. Vincent's Medical Center. "We believe these programs will help our medical center reduce costs, optimize our online capabilities, and provide an even better patient experience."
About St. Vincent's Medical CenterSt. Vincent's Medical Center is a subsidiary of St. Vincent's Health Services, which include St. Vincent's Behavioral Health Services, Westport Campus, Hall-Brooke Behavioral Health Services, St. Vincent's College, St. Vincent's Special Needs Services, St. Vincent's Medical Center Foundation and St. Vincent's Immediate Health Care Centers. It is a member of Ascension Health, the nation's largest Catholic healthcare system. St. Vincent's is a teaching affiliate of the University of Connecticut School of Medicine and of New York Medical College. The Medical Center is also sponsor of SWIM Across the Sound, one of the nation's largest hospital-based cancer prevention and patient support programs. For referral to a St. Vincent's physician or more information on programs and services, call the toll-free Care Line at 1-877-255-SVHS (7847) or visit www.stvincents.org.
About GE HealthcareGE Healthcare provides transformational medical technologies and services that are shaping a new age of patient care. Our broad expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance improvement and performance solutions services help our customers to deliver better care to more people around the world at a lower cost. In addition, we partner with healthcare leaders, striving to leverage the global policy change necessary to implement a successful shift to sustainable healthcare systems.
Our "healthymagination" vision for the future invites the world to join us on our journey as we continuously develop innovations focused on reducing costs, increasing access and improving quality around the world. Headquartered in the United Kingdom, GE Healthcare is a unit of General Electric Company (NYSE: GE). Worldwide, GE Healthcare employees are committed to serving healthcare professionals and their patients in more than 100 countries. For more information about GE Healthcare, visit our website at www.gehealthcare.com.
About Streamline HealthStreamline Health is a leading supplier of document workflow and document management tools, applications and services that assist strategic business partners and healthcare organizations to improve operational efficiencies through business process optimization. The Company provides integrated tools and technologies for automating document-intensive environments, including document workflow, document management, e-forms, connectivity, optical character recognition (OCR) and business process integration.
Streamline Health's solutions create a permanent document-based repository of historical health information that is complementary and can be seamlessly integrated with existing disparate clinical, financial and administrative information systems, providing convenient electronic access to all forms of patient information from any location, including secure web-based access. For additional information, please visit our website at http://www.streamlinehealth.net.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995Statements made by Streamline Health Solutions, Inc. that are not historical facts are forward-looking statements that are subject to risks and uncertainties and are no guarantee of future performance. The forward looking statements contained herein are subject to certain risks, uncertainties and important factors that could cause actual results to differ materially from those reflected in the forward-looking statements, included herein. These risks and uncertainties include, but are not limited to, the timing of contract negotiations and execution of contracts and the related timing of the revenue recognition related thereto, the potential cancellation of existing contracts or clients not completing projects included in the backlog, the impact of competitive products and pricing, product demand and market acceptance, new product development, key strategic alliances with vendors that resell the Company's products, the ability of the Company to control costs, availability of products obtained from third party vendors, the healthcare regulatory environment, potential changes in legislation, regulation and government funding affecting the healthcare industry, healthcare information systems budgets, availability of healthcare information systems trained personnel for implementation of new systems, as well as maintenance of legacy systems, fluctuations in operating results, effects of critical accounting policies and judgments, changes in accounting policies or procedures as may be required by the Financial Accountings Standards Board or other similar entities, changes in economic, business and market conditions impacting the healthcare industry, the markets in which the Company operates and nationally, and the Company's ability to maintain compliance with the terms of its credit facilities, and other risks detailed from time to time in the Streamline Health Solutions, Inc. filings with the U. S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly release the results of any revision to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.Company Contact:
Investor Contact:Streamline Health Solutions
Lytham Partners, LLCErica Ryan
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|SOURCE Streamline Health Solutions, Inc.|
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