Streamline Acquires Exclusive Rights to Montefiore’s Breakthrough
Population-Based Quality Health Management Solution
ATLANTA and NEW YORK (October 29, 2013) – Streamline Health Solutions, Inc. (NASDAQ: STRM) and Montefiore Medical Center today announced an exclusive 15-year licensing agreement enabling Streamline Health to commercialize Montefiore’s unique clinical analytics platform, successfully in use at Montefiore since 2002. Through this agreement, Streamline Health will acquire from Montefiore the existing contract with the Bronx RHIO, a Health Information Exchange (HIE) that uses the analytics platform to enable providers throughout the borough to securely query and analyze patient information. The platform, in conjunction with Bronx RHIO’s HIE platform, allows healthcare providers to assemble all of the clinical data available within their system from disparate sources, including lab results, ambulatory encounters and prior visits, and draw actionable conclusions on demand to improve patient care and safety.
Montefiore developed the robust clinical analytics platform to facilitate research and quality improvement efforts within Montefiore Medical Center and the Albert Einstein College of Medicine. With more than 400 active users within the health system, the platform has become an integral part of Montefiore's strategic focus on creating a data-driven culture to improve the quality of health for the community it serves and advance medical knowledge through research. The solution was uniquely designed to enable the construction of patient cohorts, which empowers clinicians to evaluate groups of patients based on historical data and compare similar attributes to predict clinical outcomes and adjust treatment, when necessary.
“We are excited that the clinical analytics platform Montefiore developed more than a decade ago will be widely available and can positively impact the quality of care and safety of patients, just as it has at Montefiore,” said Andrew D. Racine, M.D., Ph.D., senior vice president and chief medical officer at Montefiore. “The platform has played a critical role in shaping Montefiore into the successful accountable care organization it is today – providing new insights and long-term intelligence to improve the care we provide and outcomes for our patients. It has empowered clinicians to ask the right questions and use the platform to establish best practices that will deliver the most effective, highest quality care – always putting patients’ safety first.”
“We believe clinical analytics can help our clients address a whole list of clinical challenges, from population management to spiking readmission rates, that are ultimately going to be critically important to reimbursement,” said Robert E. Watson, president and chief executive officer, Streamline Health. “The key differentiator with this solution is the access to cohort data empowering clinicians to see the group when one patient is in front of them, allowing them to engage with their patients more effectively, and fostering significant culture change as needed.
All of our solutions are designed to act like a looking glass for our clients, to help them see around the corner, or view a patient with eyes that see all of the potential outcomes, from admission to treatment to discharge all the way through billing, collection and audit.”
As healthcare reform takes shape and 21st-century healthcare delivery matures, physicians and leadership work to stay ahead of the curve. Current accountable care organization models depend on data to better align financial incentives with care coordination and clinical outcomes. This analytics platform supports these efforts and helps practices become higher performing.
The solution was designed to facilitate clinical research and continuously drive quality improvement. In the past it has taken months and years to accumulate data and draw conclusions for research projects, but those tasks can now be performed in minutes. The solution encourages provider organizations to tap into the creative and intellectual energy of their clinicians by placing knowledge at their fingertips through real-time access to a self-service research platform.