Streamline Company profile
About Streamline Health Solutions Inc.
Streamline Health Solutions, Inc. is a provider of health information technology solutions and associated services. The Company offers computer software-based solutions and auditing services, which capture, aggregate, and translate structured and unstructured data to deliver organized, easily accessible predictive insights to its customers. It consists of solutions and services to assist its customers in revenue cycle management, including Coding and Clinical Documentation Improvement (CDI), Financial Management and eValuator, flagship cloud-based solution, which delivers automated coding analysis prior to billing. The Company’s software solutions are delivered to customers either by access to the Company’s data center systems through a secure connection in a software as a service (SaaS) delivery method or by a fixed-term or perpetual license. The software is installed locally in the customer’s data center. The Company operates throughout the United States and Canada.
Financial summary
BRIEF: For the nine months ended 31 October 2021, Streamline Health Solutions Inc. revenues increased 35% to $11.3M. Net loss before extraordinary items increased from $3.2M to $6.9M. Revenues reflect Software as a service increase from $2.5M to $5.3M, Professional services increase of 95% to $1.1M, Software licenses increase of 22% to $285K. Higher net loss reflects General and administrative expenses increase of 23% to $5.7M (expense).
Equity composition
Common Stock $.01 Par, 04/11, 25M auth., 9,866,517 issd. Insiders own 40.01%. IPO: 4/96, 2,912,500 shares @ $13.00 by Jefferies & Company, Inc. 07/06, Name changed from LanVision Systems, Inc.
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