ATLANTA, Feb. 16, 2017 /PRNewswire/ -- Streamline Health Solutions, Inc. (NASDAQ: STRM), provider of the Looking Glass® platform of integrated solutions, technology-enabled services and analytics supporting revenue cycle optimization for healthcare enterprises, today announced the general availability of its new Looking Glass® eValuator™ coding audit technology. The Company plans to introduce the new solution at the HIMSS national trade show in Orlando, Florida. Streamline Health combined its capabilities in software development with the platform and coding expertise obtained through
its acquisition of Opportune IT in 2016 to create eValuator. The Company has actively invested in this technology to make it market ready for an official launch at HIMSS.
The Looking Glass eValuator platform can help healthcare providers identify both compliance risks and opportunities across their enterprise. Looking Glass eValuator is a cloud-based solution that provides real-time insight, advice and rationale to guide coders on potential changes in coding and/or clinical documentation. The solution uses proprietary algorithms, developed from decades of auditing experience, that identify common (and commonly overlooked) patterns in the chart. Looking Glass eValuator algorithms intelligently analyze, score and rank every chart in real time, considering both the likelihood of DRG validity and the potential financial impact of coding and/or clinical documentation errors.
Looking Glass eValuator is based on more than 750 rules, providing a comprehensive review of each case to improve a coder's efficiency and accuracy, and help the provider optimize revenue and mitigate risk across the enterprise. The technology can be leveraged both before or after the billing cycle. For pre-bill auditing, eValuator enables providers to better avoid inaccuracies that minimize reimbursement or raise compliance flags without affecting DNFB (Days Not Final Billed).Post-bill auditing can identify trends and opportunities for coding accuracy improvement. Flagged charts are returned in real time with suspected issues and supporting narratives on the recommended corrections, increasing accuracy while educating coders and improving their performance over the long term.
Streamline Health engaged several of their existing Coding Audit Services clients to gain insight into how the new Looking Glass eValuator technology could benefit healthcare providers. The Company plans to make the new solution available to its clients and reseller partners immediately following HIMSS.
About Streamline Health
Streamline Health Solutions, Inc. (NASDAQ: STRM) is a healthcare industry leader in capturing, aggregating, and translating enterprise data into knowledge—delivering actionable insights that support revenue cycle optimization for healthcare enterprises. Our Looking Glass platform delivers integrated solutions, technology-enabled services and analytics that enable providers to drive reimbursement in a value-based world. We share a common calling and commitment to advance the quality of life and the quality of healthcare—for society, our clients, the communities they serve, and the individual patient. For more information, please visit our website at www.streamlinehealth.net.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995
Statements made by Streamline Health Solutions, Inc. (the "Company") discuss upcoming Company solution offerings (or changes thereto). The benefits, costs and results of any statements regarding the launch or modification of any Company product, service or solution are subject to inherent uncertainties such as the timing of contract negotiations and execution of contracts and the related timing of the revenue recognition related thereto, the impact of competitive solutions and pricing, solution demand and market acceptance, potential changes in legislation, regulation and government funding affecting the healthcare industry, healthcare information systems budgets, availability of healthcare information systems trained
personnel for implementation of new systems and changes in economic, business and market conditions impacting the healthcare industry generally and the markets in which the Company operates. Readers are cautioned not to place undue reliance on these statements, which reflect management's analysis only as of the date hereof.
SVP, Chief Marketing Officer
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SOURCE Streamline Health Solutions, Inc.