News Release
FOR IMMEDIATE RELEASE
A Joint Initiative to Improve Revenue Cycle Management Efficiencies
Cincinnati, Ohio August 9, 2006 — Streamline Health Solutions, Inc. (NASDAQ Capital Market: STRM), a leading enterprise document management and workflow solutions company, today announced a strategic alliance with HealthCare Resolution Services, Inc. (HCRS), a preferred provider in Health Information Management Services for the United States Departments of Air Force, Navy and Army and other federal agencies and commercial clients. HCRS selected Streamline Health’s Coding Workflow solution, an industry-leading coding workflow that creates operational efficiencies, delivers remote coding services to its clients, reduces costs, improves staff productivity, and enhances revenue cycle management initiatives.
The new alliance will streamline business processes for HCRS and its government healthcare clients utilizing Streamline Health’s hosting services by minimizing capital costs, while lessening the demand on HCRS support personnel, resulting in a quicker return on investment. Streamline Health’s hosting services address the challenges of healthcare service providers that may have limited resources for implementing and maintaining such a complex system. Combining Streamline Health’s Coding Workflow solution with its hosting services, HealthCare Resolution Services will have access to the document management tools and services required to optimize hospital operational efficiencies. The investment will allow HCRS to expand its services and adapt to its clients needs whose workloads or geographic locations necessitate either an on-site or remote coding solution. Streamlined coding processes will enable HCRS to improve its clients’ business plan performance, eliminate un-coded chart backlogs, enhance diagnostic and coding procedures and reduce the return of erroneous claims from private insurance companies.
According to Kathryn Feldmann, director of business development at HealthCare Resolution Services, “Streamline Health’s remote coding solution simplifies our workflow and maximizes coder efficiencies for the hospitals, which enables us to achieve our objective for maintaining high quality standards while providing world-class service to our clients. HealthCare Resolution Services will have minimal infrastructure investment using Streamline Health’s hosting services with the opportunity to streamline business processes for greater operational performance. Our new partnership is all about optimizing the quality of patient care.”
“We are extremely pleased to form this alliance with HealthCare Resolution Services to help them address critical business functions and better connect with their Department of Defense clients,” stated Joe Brown, chief information officer at Streamline Health. “With the utilization of Streamline Health’s hosting services, HCRS can focus on the essential elements of cost containment and solutions that simplify their business processes. This alliance offers exceptional outsourcing services as well as access to a fully-automated remote coding process, which reduces overhead and accelerates the revenue cycle.”
About HealthCare Resolution Services, Inc.
HealthCare Resolution Services, Inc. (HCRS) is located in Laurel, Maryland as a preferred provider for Health Information Management (HIM) Services. HCRS provides project management, data abstraction, quality assurance, business process improvement and staffing services to public and private clients in the health care industry. The company’s track record for responsiveness, customer service and working effectively with clients and contractors is proven by the fact that leading government and commercial clients have returned to HCRS to perform professional services. HCRS currently employs more than 350 full-time licensed and certified health professionals nationwide. For more information, visit www.hcrs-inc.com or call 866-599-4277.
About Streamline Health
Streamline Health is a leading supplier of 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, portal connectivity, optical character recognition and interoperability.
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 processes 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. Through the remote hosting option, Streamline Health currently manages over 14 million patient charts securely accessed by over 11,000 users.
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. These integrated solutions allow providers and administrators to link existing 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. For additional information, please visit our website at http://www.streamlinehealth.net.
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