Streamline Health Solutions (NASDAQ: STRM) has formed a partnership with Deaconess Health System, a large healthcare provider located in Indiana. This collaboration revolves around the eValuator solution, aimed at enhancing pre-bill coding accuracy and improving financial outcomes.
Deaconess chose eValuator for its advanced capabilities that streamline coding and billing tasks during the mid-revenue cycle. This AI-driven technology assists healthcare providers in accurately capturing services, billing, and receiving payments, all while minimizing the chances of denials.
The Deaconess Health System is quite expansive, serving over 1.5 million people across southwestern Indiana, western Kentucky, and southeastern Illinois. They operate 19 hospitals in this Tri-State area, making them a key player in regional healthcare.
Key Points
- New contract with a major 1,200-bed health system.
- Access to a market with a population of 1.5 million.
- Partnership boosts presence with multiple hospital locations.
Expert Insights
This contract is a significant achievement for Streamline Health, positioning them well in the competitive healthcare revenue cycle management industry. Partnering with a prominent 1,200-bed health system like Deaconess is a noteworthy addition to STRM’s client list and has the potential to substantially influence their revenue.
eValuator tackles a pressing issue in healthcare finance: ensuring coding accuracy to prevent revenue loss. Hospitals often suffer revenue loss of 1-3% due to coding mistakes. With the implementation of this technology, Deaconess could save millions each year while providing a steady revenue stream for STRM. For a small company like STRM, such partnerships are vital for growth.
The choice of eValuator by Deaconess, thanks to its “unique capabilities,” indicates that STRM has a competitive edge in optimizing mid-revenue cycle processes. Success with this large system could also serve as a strong endorsement for other health systems looking for reliable pre-bill coding solutions.
About the Companies
Streamline Health Solutions focuses on helping healthcare organizations improve their financial performance. Their solutions assist in reducing revenue losses and enhancing overall operational efficiency.
Deaconess Health System provides healthcare services to a population exceeding 1.5 million residents in the Tri-State area, showcasing a commitment to quality care across its many hospital locations.
Frequently Asked Questions (FAQ)
What is the new contract between Streamline Health and Deaconess Health System?
Streamline Health has signed a contract to implement its eValuator solution for pre-bill code auditing at Deaconess Health System.
How will eValuator enhance Deaconess Health System’s operations?
The eValuator solution will improve coding accuracy, optimize billing workflows, and enhance overall financial outcomes, reducing the risk of claim denials.
What is the size of the service area for Deaconess Health System?
Deaconess Health System serves over 1.5 million people in southwestern Indiana, western Kentucky, and southeastern Illinois, with 19 hospital locations.
How does Streamline Health’s eValuator technology work?
eValuator employs AI-powered pre-bill code auditing to ensure that healthcare providers can accurately bill for services and receive payments while minimizing the risk of denials.
Check out this related article: Empowering Indiana: The Black Legislative Caucus’s 2025 Agenda for Advancing Physical and Mental Health Care
Source linkStreamline Health Solutions, STRM, eValuator, Deaconess Health System, healthcare billing technology, AI medical coding, revenue cycle management, pre-bill code auditing, hospital billing solutions, healthcare technology contracts
