Streamline Health Solutions has contracted with a Kentucky health system to implement its RevID technology for improved financial performance.
Quiver AI Summary
Streamline Health Solutions, Inc. has announced a new contract to implement its RevID solution with a 120-bed health system in Kentucky that utilizes the Oracle Health EHR. This partnership, facilitated with Oracle Health, marks Streamline Health’s fourth client using the CommunityWorks Oracle EHR, highlighting the increasing adoption of their pre-bill technology. RevID automates charge reconciliation, helping hospitals capture all earned revenue and improving cash flow by ensuring accurate billing for care provided. The integration with Oracle Health’s EHR will enhance financial operations for health systems by optimizing these processes. CEO Ben Stilwill expressed satisfaction in expanding their services to Kentucky, furthering the partnership with Oracle Health to deliver effective pre-bill solutions.
Potential Positives
- Streamline Health Solutions has secured a significant contract with a 120-bed health system, expanding its market presence and client base.
- This agreement represents the fourth CommunityWorks Oracle EHR client, highlighting the increasing adoption of Streamline Health's pre-bill technology solution.
- The integration of RevID with Oracle Health's CommunityWorks EHR enhances financial operations for healthcare providers, potentially increasing cash flow and revenue capture.
- The partnership with Oracle Health reinforces Streamline Health’s position as a leader in providing solutions that improve hospital financial performance.
Potential Negatives
- While the new contract with a health system is a positive development, it highlights the fact that Streamline Health is still reliant on third-party partnerships, such as with Oracle Health, which may raise concerns about the company's independence and ability to secure contracts independently.
- The announcement of the fourth Oracle EHR client could imply slow growth, suggesting that the adoption of their pre-bill technology solution is gradual, which may not meet investor expectations for rapid expansion in a competitive market.
- The press release does not disclose any financial details related to the new contract, which may lead to questions about the potential revenue impact and overall financial health of the company.
FAQ
What is RevID by Streamline Health Solutions?
RevID is a pre-bill technology solution that automates charge reconciliation for healthcare providers, enhancing financial performance.
How does RevID benefit healthcare providers?
It helps capture 100% of earned revenue, eliminating charge capture gaps and accelerating cash flow for hospitals.
Which healthcare system recently signed a contract with Streamline Health?
A 120-bed health system in Kentucky, utilizing Oracle Health’s EHR, signed the latest contract for RevID.
What is the significance of this new contract for Streamline Health?
This contract marks Streamline Health’s fourth CommunityWorks Oracle EHR client, highlighting the growing adoption of its technology.
Who is the CEO of Streamline Health Solutions?
Ben Stilwill is the Chief Executive Officer of Streamline Health Solutions, emphasizing the company’s expansion and partnerships.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$STRM Insider Trading Activity
$STRM insiders have traded $STRM stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $STRM stock by insiders over the last 6 months:
- BENJAMIN LOUIS STILWILL (President and CEO) purchased 6,300 shares for an estimated $1,008
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$STRM Hedge Fund Activity
We have seen 11 institutional investors add shares of $STRM stock to their portfolio, and 13 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HARBERT FUND ADVISORS, INC. added 4,502,598 shares (+1400.0%) to their portfolio in Q3 2024, for an estimated $15,540,716
- UBS GROUP AG added 170,412 shares (+5509.6%) to their portfolio in Q3 2024, for an estimated $588,177
- PERKINS CAPITAL MANAGEMENT INC removed 131,027 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $452,239
- HERALD INVESTMENT MANAGEMENT LTD removed 55,698 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $192,241
- MORGAN STANLEY added 23,333 shares (+1399.7%) to their portfolio in Q3 2024, for an estimated $80,533
- TWO SIGMA SECURITIES, LLC added 9,726 shares (+1096.5%) to their portfolio in Q3 2024, for an estimated $33,569
- HIGHTOWER ADVISORS, LLC removed 8,333 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $28,761
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
ATLANTA, Jan. 22, 2025 (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 signed a new contract for the use of RevID with a 120-bed, Oracle Health-EHR based health system with facilities in Kentucky. Closed in partnership with Oracle Health, this agreement marks Streamline Health’s fourth CommunityWorks Oracle EHR client—an important milestone underscoring the growing adoption of its pre-bill technology solution.
Streamline Health is leading an industry movement to improve hospital financial performance through pre-bill technology solutions. RevID’s automated charge reconciliation enables hospitals to capture 100% of earned revenue by eliminating charge capture gaps and accelerates cash flow by ensuring that providers can accurately capture, bill and ultimately be paid for all the care they provide. Enabled by seamless integration with Oracle Health’s CommunityWorks EHR, RevID positions health systems to enhance financial operations by automating and optimizing charge reconciliation processes for greater accuracy and efficiency.
“We are pleased to expand RevID’s footprint and serve communities in Kentucky,” stated Ben Stilwill, Chief Executive Officer. “Our growing partnership with Oracle Health strengthens our ability to deliver pre-bill solutions that seamlessly integrate with leading EHR platforms.”
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
To Learn More
Jacob Goldberger
Vice President, Finance
303.887.9625
jacob.goldberger@streamlinehealth.net
Source: Streamline Health Solutions, Inc.
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
