CINCINNATI, Nov. 4, 2010 /PRNewswire / -- Streamline Health Solutions, Inc. (Nasdaq: STRM), a leading provider of document workflow solutions for hospitals, today announced that one of the largest faith-based, nonprofit health care delivery systems in the United States, will implement Streamline Health's Referral Order Workflow Solution across their multiple facilities. The solution provides an automated means of capturing referring physician orders while routing to the hospital's scheduling office, and linking the orders to the patient's medical record within Streamline Health's enterprise document management repository. The total value of the contract is estimated to exceed $400,000 excluding maintenance services and it is expected that the Referral Order Workflow Solution will be installed and operational in the first calendar quarter of 2011.
The healthcare system currently utilizes Streamline Health's accessANYware™ solution that provides enterprise access to a patient's document-based medical and financial records. The nonprofit organization seeks to enhance the quality of patient care by expanding Streamline Health's flexible document workflow solutions and optimizing business processes for improved operational efficiencies across the enterprise.
"Streamline Health's document workflow solutions offer functionality and flexibility to help drive higher levels of productivity and accountability for critical business processes," said J. Brian Patsy, president and chief executive officer of Streamline Health. "We understand the organization's specific needs to streamline the referral order process across multiple facilities by providing a customizable document workflow solution that integrates with the patient's medical record and helps improve patient care, provider satisfaction and operating efficiencies. We are pleased to be working with one of the premier healthcare institutions in the state of Texas."
Mr. Patsy continued, "This order represents our 10th transaction for the fiscal year, which is substantially ahead of the number of transactions at the same time last year. The investments we made in our sales and marketing infrastructure this year are clearly translating into enhanced sales performance. We are very comfortable with the mix of license sales and hosted recurring revenue transactions. We expect to complete fiscal year 2010 on a strong note and look forward to fiscal 2011 with great enthusiasm."
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, LLCMelissa Vincent
Joe Diaz, Robert Blum, Joe DorameMarketing Communications
(602) 889-9700(513) 794-7100
|SOURCE Streamline Health Solutions, Inc.|
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