News Release
FOR IMMEDIATE RELEASE
CINCINNATI, Ohio July 5, 2006 — LanVision Systems, Inc. (NASDAQ Capital Market: LANV), a leading enterprise workflow and document management firm for the healthcare industry, today announced that the Company has completed its name change to Streamline Health Solutions, Inc., and has changed its symbol on the NASDAQ Capital Market: STRM, effective immediately. The Company's shareholders approved the name change on May 24, 2006 at their annual meeting.
"This evolution is much more than just the name change," commented J. Brian Patsy, President and CEO of Streamline Health. "We have strategically invested in growing our capabilities and the breadth of the solutions we provide to enable healthcare providers to streamline their document-centric business and clinical processes. Our clients, strategic business partners, employees and stakeholders have embraced the name change as a better description of the value we bring to them."
Established since 1989, LanVision began doing business as Streamline Health on February 5, 2005, to better represent the company's vision of eliminating friction points to streamline healthcare providers' document-intensive business processes. The new name is symbolic of the company's evolution from a leading developer of document management solutions to a leading provider of enterprise solutions for integrated document workflow.
Streamline Health has positioned itself to meet the challenges of today's healthcare environments by enabling its customers to meet compliance issues by facilitating access to the complete medical record, enhancing the flow of information among various departments, and most importantly, improving patient care.
The change of the Company's name will not affect, in any way, the validity of currently outstanding stock certificates, nor will it be necessary for the Company's stockholders to surrender or exchange any stock certificates that they currently hold as a result of the name change.
About Streamline Health
Streamline Health is a leading supplier of document workflow and document management tools, applications and services that assist strategic business partners, healthcare organizations, and customers to create and improve operational efficiencies through business process re-engineering and automating demanding document-intensive environments. The company's workflow-based services offer solutions to inefficient and labor-intensive healthcare business processes throughout the revenue cycle, such as chart coding, abstracting and completion, remote physician order processing, pre-admission registration scanning and signature capture, insurance verification, secondary billing services, explanation of benefits processing and release of information processing. The company's solutions also address the document workflow needs of the Human Resource and Supply Chain Management departments of the healthcare enterprise. All solutions are available for purchase or through a remote hosting services model that better matches customers' capital or operating budget needs.
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 access using a web-browser through the Intranet/Internet. These integrated systems allow providers and administrators to link systems with documents, which can dramatically improve the availability of patient information while decreasing direct costs associated with document retrieval, work-in-process, chart processing, document retention, and archiving.
Streamline Health provides remote hosting services to various healthcare providers including University Hospital, a member of The Health Alliance of Greater Cincinnati, and Children's Medical Center of Columbus, OH. In addition, the Company has installed its workflow and document imaging solutions at leading healthcare providers including Stanford Hospital and Clinics, Albert Einstein Healthcare Network, Beth Israel Medical Centers, University of Pittsburgh Medical Center, Medical University Hospital Authority of South Carolina, and Memorial Sloan-Kettering Cancer Center.
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