Boston Medical Center signs agreement with Streamline Health Solutions
Streamline Health Solutions, a developer of enterprise content management and business analytics software, announced Monday that Boston Medical Center has signed an additional five-year agreement to license the company's technology for use in its 19 physician group practices.
Officials from BMC, a 508-bed academic medical center and current Streamline Health client, said they needed a solution that could handle both ambulatory and financial data.
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This agreement extends BMC's use of Streamline Health's business analytics and patient financial services solutions from an agreement signed in May 2011, according to Streamline Health Solutions officials.
Located in Boston's historic South End neighborhood, BMC is the primary teaching affiliate for Boston University School of Medicine and employs more than 1,200 physicians and more than 1,500 nurses. It is the largest safety net hospital in New England. BMC is also a founding partner of Boston HealthNet, a network of 15 community health centers throughout Boston serving more than a quarter million people annually.
With an immediate need to consolidate five billing systems, BMC chose Streamline Health's solutions for their ability to handle disparate data to provide enterprise reporting capabilities and analysis, as well as the ability to aggregate data from multiple billing vendors, officials say.
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Andrew Appler, manager of revenue operations and business Intelligence at BMC said the center didn't want the limitations of static reporting and stand-alone data systems that wouldn't be easily accessible across the system. “It was also important for us to work with one technology partner who was receptive to our needs, and could provide flexible, innovative solutions as those needs change,” he said. We're looking forward to deploying these solutions further into our system."
"By expanding its use of OpportunityAnyWare and 835DenialWare for its ambulatory network, BMC will also have the ability to build a network-wide accounts receivable and denial management program and recover additional net revenue," said Robert E. Watson, president and CEO of Streamline Health said.