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Streamline Health Solutions Inc (OQ:STRM)

Business Focus: Healthcare Facilities & Services

Sector:  Healthcare Industry:  Healthcare Facilities & Services
 
See Regulatory Filings on SEC
Company Contact
Address: 2400 Old Milton Parkway, Box 1353
ALPHARETTA GA 30009
Tel: N/A
Website: https://www.streamlinehealth.net
IR: See website
Key People
Wyche T. Green
Executive Chairman of the Board
Benjamin L. Stilwill
President, Chief Executive Officer, Director
Bryant B.J Reeves
Chief Financial Officer
Business Overview
Streamline Health Solutions, Inc. enables healthcare organizations to proactively address revenue leakage and improve financial performance. The Company delivers integrated solutions, technology-enabled services and analytics. It operates in one segment as a provider of health information technology solutions and associated services that improve healthcare processes and information flows within a healthcare facility. The Company sells its solutions and services in North America to hospitals and health systems through its direct sales force and its reseller partnerships. It offers solutions and services to assist its clients in revenue cycle management, including its two flagship technologies: RevIDTM and eValuatorTM. RevID offers automated, daily reconciliation of clinical event activity to patient billing charge items prior to billing. eValuator provides 100% automated coding analysis prior to billing. It offers an array of professional services, including system implementation.
Financial Overview
For the fiscal year ended 31 January 2024, Streamline Health Solutions Inc revenues decreased 9% to $22.6M. Net loss increased 64% to $18.7M. Revenues reflect Maintenance and support decrease of 4% to $4.3M. Higher net loss reflects Healthcare Information Technology Solutions segment loss increase of 81% to $19.6M. Basic Earnings per Share excluding Extraordinary Items decreased from -$0.23 to -$0.33.