STRM - Sector: Technology---Industry: Healthcare Information Services

[alexxxtreme]

STRM will likely report very strong earnings AH today based on comments made in the last CC.

STRM is an integral part of GE Centricity solutions to manage patient records and has signed significant contracts recently.

The only analyst covering the stock has a $10 target price. STRM's market cap is only $30M ...the float is tiny at 4M shares. This is an explosive stock known to gain $2 to $4/share after strong earnings.

The pps has been eroded lately due to general market conditions. However, the stock has turn drastically a few days ahead of earnings:

http://stockcharts.com/charts/gallery.html?strm

STRM has a strong balance sheet and no debt.

On July 17, 2007 STRM was listed on Fortune Small Business Magazine's List of America's Fastest-Growing Small Companies for 2007.

About Streamline Health

Streamline Health (NASDAQ Capital Markets: STRM) is a leading supplier of workflow and document management tools, applications and services that assist strategic business partners and healthcare organizations to improve operational efficiencies through business process optimization. The Company provides integrated technology solutions for automating document-intensive environments, including document workflow, document management, e-forms, portal connectivity, optical character recognition (OCR), and interoperability.

Streamline Health's solutions create a permanent document-based repository of historical health information that is complementary and can be seamlessly integrated with existing disparate clinical, financial and administrative information systems, providing convenient electronic access to all forms of patient information from any location, including secure web-based access

[alexxxtreme]

STRM looking really strong heading into earnings.

[setravis]

alexxxtreme,
Evidently you did not read when I ask this of you before.

Heads up on your post...
It is not necessary to use all the capital letters in the title of your topic. I did edit the title of your topic to remove all the caps! When one does that, it is as if he or she is trying to speak to loud to gain someones attention to their topic and it seems as a way to try and pump a stock pick.That is a notorious way of the Yahoo Message Boards !
This is by far a much greater site than Yahoo boards.
So please kill the caps in the title of your topic when you wish to post and make a stock pick.
Thank You...

[vonager69]

I AM LOADING UP ON STRM UNDER $3.

STRM WILL REPORT EARNINGS TOMORROW. THE 2ND HALF OF THE YEAR IS USUALLY THE STRONGEST FOR STRM.

SCOTTRADE DOE NOT ALLOW YOU TO BUY ONLINE BUT THEY WILL PLACE THE ORDER FOR YOU IF YOU CALL AT INTERNET PRICES. THEY HAVE A BUTING RESTRICTION ON IT FOR A FEW DAYS BECAUSE IT HAS A 3M SHARE FLOAT AND THEY WANT TO PREVENT MANIPULATION.

THIS ONE IS A REAL ROCKET

[WallStreetnBio]

I would stay away from this one. Management hasn't grown earnings since 3 quarters ago. Still showing red on EPS.

[vonager69]

THAT WILL CHANGE TOMORROW. I APPRECIATE YOUR CONCERN THOUGH.

[WallStreetnBio]

I doubt it. But I'll keep my eye on it. Good Luck

[vonager69]

Thank you WSB

[vonager69]

STRM REPORTED 10% REVENUE GROWTH FOR 3Q 2007 COMPARED TO 3Q 2006, AND 25% HIGHER REVENUE THAN 2Q 2007.

STRM ALSO REPORTED A SLIGHT 3Q 2007 PROFIT COMPARED TO LOSS OF 4c/SHARE IN 3Q 2006 AND A LOSS OF 12c/SHARE IN 2Q 2007.

STRM IS ENTERING 4Q 2007 WITH STRONG MOMENTUM AFTER ANNOUNCING YESTERDAY THE SIGNING OF A $5 CONTRACT WITH A LARGE MEDICAL INSTITUTION.

STRM CEO BRIAN PATSY COMMENTED TODAY:..."we are encouraged by the completion of the recent large system sale agreement early in the fourth quarter, and the prospect of eventually closing several other contracts still in negotiations."

STRM WILL HOLD A CC TOMORROW AT 10AM.

HERE IS TODAY'S MAJOR CONTRACT ANNOUNCEMENT:

Northeastern Healthcare System Selects Streamline Health's Enterprise Document Workflow Solutions Integrated with Clinical Information System

Monday November 26, 7:00 am ET

Streamline Health's Integrated Document Workflow Solutions to Improve the Efficiency of Healthcare Information Delivery Processes for Healthcare Organization

CINCINNATI, Nov. 26 /PRNewswire-FirstCall/ -- Streamline Health Solutions, Inc. (Nasdaq: STRM - News), a leading provider of integrated document workflow solutions, today announced that a large Northeastern healthcare system will implement Streamline Health's enterprise document workflow solutions, as another strategic step in transforming their organization's healthcare delivery processes. To enhance the flow of patient information, Streamline Health's solutions will be integrated with the hospital's current GE Healthcare Centricity® Enterprise clinical information system, enabling them to have a single point of access to critical patient data.

Patient-Focused Healthcare Delivery

A new client for Streamline Health, this not-for-profit, multi-hospital healthcare system comprised of over 1,000 beds is located in the northeastern United States that also includes an outpatient healthcare center, outpatient surgery centers, home healthcare service, and rehabilitation and nursing centers. Streamline Health's workflow solutions will provide this facility with an automated means of moving documents through various clinical, billing and administrative processes, while also providing a document-based repository of historical health information conveniently accessed from within the patient context of their clinical information system.

    The Streamline Health solutions include the following:

    Streamline Health Enterprise Suite

    AccessANYware(TM):  Provides enterprise access to a patient's medical and
    financial records to coordinate better patient care.

    Completion Workflow:  Expedites the completion of the medical record,
    including secure remote reviewing and electronic signature by physicians.

    Coding Workflow(TM):  Improves coding turnaround time by prioritizing and
    pushing work tasks to staff coders on campus or in remote locations,
    including home-based employees.

    Release of Information Workflow(TM):  Facilitates efficient compliance
    with requests for patient information from third party requestors.

    Cash Management Workflow:  Improves and enhances the cash posting,
    research and follow-up functions within the business office. Expedites the
    payment cycle by electronically capturing both paper-based and digitized
    Explanation of Benefits (EOB).

    Contract Management Workflow:  Offers healthcare Legal departments a
    systematic approach to managing the contract approval process and provides
    immediate access to completed contracts and associated documentation.

    Referral Order Workflow:  Captures and routes a referring physician's
    hand-written, faxed orders to the hospital's scheduling office to improve
    the efficiency of the patient registration process.

    RegScan(TM):  Captures insurance cards, driver's licenses and consent
    forms at the point of registration.

    eForms:  Delivers electronic forms automation by integrating information
    and electronic signatures collected during patient registration to produce
    needed forms and wristbands on demand to streamline patient access
    processes.

"Streamline Health's document workflow solutions integrated with GE Healthcare's Centricity® clinical information system will enable this large healthcare organization to achieve their goals for enhancing operational efficiencies, optimizing document workflow, and advancing the quality of patient care," according to Brian Patsy, president and CEO of Streamline Health. "Streamline Health's vision is to transform healthcare delivery by partnering with healthcare organizations to improve the flow of document centric business processes."

About Streamline Health®

Streamline Health is a leading supplier of workflow and document management tools, applications and services that assist strategic business partners and healthcare organizations to improve operational efficiencies through business process optimization. The Company provides integrated tools and technologies for automating document-intensive environments, including document workflow, document management, e-forms, portal connectivity, optical character recognition and interoperability. Through its remote hosting option, Streamline Health currently manages over 14 million patient charts securely accessed by over 11,000 users.

[videogeek]

STRM $2.2 with a tiny 4M share float will report earnings on May 20. I expect strong 1Q 2008 results based on guidance given in the 4Q 2007 earnings report:


CEO Mr. Patsy stated..."As I have stated in the past, significant quarterly fluctuations in revenues and operating profit may result from the timing of contract closings, as these contracts can be complex and often require extensive negotiations. Because our 2007 revenues were adversely impacted by these delays and not by the loss of any anticipated opportunities in the pipeline, we have revised our annual revenue growth expectations upward for fiscal 2008.

Mr. Patsy continued, "It has been a difficult and challenging year with the inordinately long delays in the negotiations of contracts and the inability to recognize revenues on the expansion of our solutions at an existing client because of an integration requirement. However, our plans call for the release of 4 to 6 new workflows this year, which will have a positive impact on 2008 revenues. Accordingly, we anticipate a very strong first half of fiscal 2008, and as a result, we expect significant revenue growth for the entire year."

[vivaviagra]

STRM will likely break $3 after earnings

[ntwktoten]

Big 3Q earnings/guidance 12/8/2010.....Could double after earnings

STRM Highlights:

- On the verge of sustained profitability thanks to Federal stimulus funds aimed at encouraging providers to digitize electronic health records (EHR) and other functions.
- 4.5 million share float
- Market cap of only $13 million
- Trading at 0.5 times sales
- Low debt

STRM, a software company specialized in the development and implementation of EHR tools/systems throughout US and Canada, along with its partner GE Healthcare Centricity Enterprise have won many contracts in the last 6 months. The contract wins have accelerated significantly recently and continue to gain strong momentum. This trend is expected to continue for several years.

STRM was on of the pioneers in the healthcare IT industry to offer hosted services using cloud computing or SaaS. This has enabled the company to build a strong and growing revenue stream due to many wins in hospital systems and medical networks in the last few years. Those implementations bring in corresponding lucrative and high-margin maintenance and service contracts. Any license sales recognized in a quarter can now increase net income substantially because of the strong recurrent revenue streams.

The company has reaffirmed its ambitious 10% revenue growth to $20 million last quarter despite a very week 1Q 2010. In order to meet the $20 million target, STRM has to average $6Million in revenue in 3Q and 4Q. 3Q results will be announced on December 8, 2010. The current break-even point is $4.8 million. This means that 3Q and 4Q could be highly profitable.

But the accelerated pace of contract wins will likely turn STRM from a one-quarter wonder (usually 4Q of every year and reported in April....see spikes in volume and pps) to a highly profitable...with sustained and growing profitability going forward. If you couple that with a low float and low debt you have a recipe for a significant gain from the current very depressed pps.

On a recent contract win CEO Bryan Patsy commented:

..."This order represents our 10th transaction for the fiscal year, which is substantially ahead of the number of transactions at the same time last year. The investments we made in our sales and marketing infrastructure this year are clearly translating into enhanced sales performance. We are very comfortable with the mix of license sales and hosted recurring revenue transactions..."

.." We expect to complete fiscal year 2010 on a strong note and look forward to fiscal 2011 with great enthusiasm."

On a previous contract win CEO Mr. Patsy continued, "We are particularly pleased with the traction that we are gaining in our sales and marketing efforts to this point in the fiscal year. We are approaching the lower end of our sales goal for the entire year while still operating in our third fiscal quarter. We hope to finish the year on a strong note."

CEO Patsy also made this important observation about the recent trends:

..."We believe that the increased recent activity is primarily due to hospital organizations positioning for the potential availability of stimulus dollars earmarked for IT expenditures associated with meeting the criteria around meaningful use or physician adoption of electronic health records. Specifically, the high-tech provision in the American Recovery and Reinvestment Act (ARRA) offers healthcare organizations and physicians an opportunity to earn funding for meaningful use of EHRs...."

.." Because of the opportunity to qualify for funding decreases over time, healthcare organizations are now busy how additional qualified IT investments can position them to meet requirements and earn reinvestment or reimbursement for their investments in EHRs..."


STRM has been rumored to be GE Healthcare's Buyout candidate. GE has more incentive than ever to consumate this DEAL before STRM gets a lot more expensive IMO.


Here is a brief description of the deep GE/STRM relationship:

http://www.streamlinehealth.net/pdf/2007/GE_integration.pdf

ABOUT STRM:

Streamline Health Solutions, Inc. (NASDAQ: STRM) operates as a healthcare information technology company in the United States. It focuses on developing and licensing software solutions that enhance document-centric information flows and transaction-centric hospital information systems. The company’s systems enable medical and administrative personnel to capture, store, manage, route, retrieve, and process clinical, financial, and patient information. Its solutions include accessANYware, a patient-centric document management-based repository solution, which allows authorized users to perform document searching, retrieval, viewing, processing, printing, and faxing, as well as report generation; and access to images, such as digitized slides, videos, and photographs, as well as provides the ability to store and retrieve document images. The company also offers FolderView that provides capture/indexing of non-patient centric documents, storage in a historical repository, document search/viewing, reporting, auditing, and optional modules for patient financial services or administrative services applications; and Workflow Solutions that provides solutions in the health information management and revenue cycle, which enables users to access and utilize workflow applications to process information. Its Workflow Solutions comprise cash management, referral order, chart completion, coding, release of information, chart tracking, financial screening, pre-operative, family medical leave and leave of absence, and contract and contractor management workflows. The company also provides health information management suites, and professional services and business process management consulting services. It sells its products through its direct sales force and reseller partnerships, as well as to direct remarketers, hospitals, clinical, and ambulatory services. The company was formerly known as LanVision Systems, Inc. Streamline Health Solutions was founded in 1989 and is based in Cincinnati, Ohio.

[strmaster]

STRM's chart is looking good but it is likely to look even better after earnings today December 8, 2010 AH. Earnings/guidance are expected to be strong/bullish:

http://stockcharts.com/charts/gallery.html?s=strm

The company announced another contract win today. This is the 13th win compared to 8 the entire 2009, and STRM is just starting 4Q. 4Q is usually the strongest Quarter for STRM as hospitals and medical institutions spend most their budgeted funds at this time of the year. This time is different for STRM because the Federal stimulus programs are encouraging healthcare providers to spend money as soon as they can justify "meaningful use" of IT upgrades/uses to manage their businesses more efficiently. This "bonanza" for software providers in this sector will last for several years benefiting companies like Cerner, GE Healthcare (STRM's ally), STRM, and others.

Here are the numerous contract announcements this year. Keep in mind that not every contract signed is announced:

http://www.streamlinehealth.net/pressrelease.shtml

STRM Highlights:

- STRM is on the verge of attaining sustained profitability thanks to Federal stimulus funds aimed at encouraging providers to digitize electronic health records (EHR) and other functions.
- 4.5 million share float
- Market cap of only $13 million
- Trading at 0.5 times sales
- Low debt

STRM is a software company specialized in the development and implementation of tools and systems  to manage electronic health records (EHR). STRM and its partners including GE Healthcare Centricity Enterprise and others have won many contracts in the last 6 months.

The contract wins have accelerated significantly recently and continue to gain strong momentum. This trend is expected to continue for several years.

The company has reaffirmed last quarter (2Q 2010) its guidance of 10% revenue growth for the year despite a very week 1Q 2010. In order to meet the $20 million target, STRM has to average $6 Million in revenue in 3Q and 4Q. 3Q results will be announced on December 8, 2010. The current break-even point is $4.8 million. This means that 3Q and 4Q could be highly profitable.

The accelerated pace of contract wins inevitably turn STRM from a one-quarter wonder (usually 4Q of every year and reported in April....see spikes in volume and pps) to a consistently profitable company going forward. If you couple that with a low float and low debt you have a recipe for significant gains from the current very depressed pps. This makes STRM a great short and long-term investment.

STRM was on of the pioneers in the healthcare IT industry to offer hosted services using cloud computing or SaaS, or hosted services. Hosted contracts provide steady and predictable income for the life of the contract which is usually 5 years thus enabling the company to weather recessions and periods of weak economic activity. The accelerated pace of contract wins has increased its % of hosted revenues to about 85% of break-even. A few more quarters at this rate and revenues will exceed expenses. About 20 to 30% of all STRM's contract wins are license-based. Those licenses can add significantly to the bottom line as recurrent revenues equal expenses.

On a recent contract win CEO Bryan Patsy commented:

..."This order represents our 10th transaction for the fiscal year, which is substantially ahead of the number of transactions at the same time last year. The investments we made in our sales and marketing infrastructure this year are clearly translating into enhanced sales performance. "

.." We expect to complete fiscal year 2010 on a strong note and look forward to fiscal 2011 with great enthusiasm."

On a previous contract win CEO Mr. Patsy continued, "We are particularly pleased with the traction that we are gaining in our sales and marketing efforts to this point in the fiscal year. We are approaching the lower end of our sales goal for the entire year while still operating in our third fiscal quarter. We will finish the year on a strong note."

CEO Patsy also made this important observation about the recent trends:

..."We believe that the increased recent activity is primarily due to hospital organizations positioning for the potential availability of stimulus dollars earmarked for IT expenditures associated with meeting the criteria around meaningful use or physician adoption of electronic health records. Specifically, the high-tech provision in the American Recovery and Reinvestment Act (ARRA) offers healthcare organizations and physicians an opportunity to earn funding for meaningful use of EHRs"

.." Because of the opportunity to qualify for funding decreases over time, healthcare organizations are now busy how additional qualified IT investments can position them to meet requirements and earn reinvestment or reimbursement for their investments in EHRs..."


Here is an example of how GE/STRM work together:

http://www.streamlinehealth.net/pdf/2007/GE_integration.pdf

[strmaster]

STRM announced its second contract win this week!!! ....and it's only Wednesday..

This is STRM 14th contract win so far this year or 40% higher than the total wins in 2009.

Streamline Health Announces Contract win with Texas-Based Healthcare Provider

CINCINNATI, Dec. 8, 2010 /PRNewswire/ -- Streamline Health Solutions, Inc. (Nasdaq: STRM), a leading provider of document workflow solutions for hospitals, today announced that one of the largest faith-based, nonprofit healthcare delivery systems in the United States, will implement Streamline Health's Suite of Health Information Management document workflow solutions at one of its affiliate acute-care hospitals that has served Texas for more than 20 years.

The hospital will integrate Streamline Health solutions into its EpicCare® medical record management system with an eye toward enhancing business processes, improving employee productivity, and promoting improved patient outcomes.

The total value of the contract is estimated to exceed $370,000, excluding maintenance services; with the installation and implementation of the health information management document workflows expected to take place in late calendar 2011.

The addition of Streamline Health's Suite of Health Information Management document workflow solutions will result in an efficient, secure and timelier method to access historical, and real-time, patient health records. The Texas-based institution seeks to advance patient care by creating more operational and financial efficiencies across the entire enterprise via the robust capabilities of Streamline Health's document workflow solutions.

J. Brian Patsy, president and chief executive officer of Streamline Health, said,

"We are pleased to be able to serve such a prestigious healthcare institution in the state of Texas. We recognize the beneficial financial impact of bridging the gaps between the various software systems utilized by the numerous departments of such a large medical institution. The medical staff will now be able to offer well-informed decisions based on patients' historical health information on a real-time basis. We are pleased to be the solutions provider that delivers this critical value proposition."

About Streamline Health

Streamline Health is a leading supplier of document workflow and document management tools, applications and services that assist strategic business partners and healthcare organizations to improve operational efficiencies through business process optimization. The Company provides integrated tools and technologies for automating document-intensive environments, including document workflow, document management, e-forms, connectivity, optical character recognition (OCR) and business process integration.

Streamline Health's solutions create a permanent document-based repository of historical health information that is complementary and can be seamlessly integrated with existing disparate clinical, financial and administrative information systems, providing convenient electronic access to all forms of patient information from any location, including secure web-based access.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995


These guys are signing contracts right and left thanks to Federal stimulus money encouraging providers to optimize their operations through the use os IT tools.

STRM is right in the middle of that. The 14 contracts announced this year amount to about $2 million in licenses and $4 million in hosted services SaaS. By focusing in the SaaS delivery method 3 years ago they have increased their recurrent revenue to about $4 million now. The break-even point is $4.8 Million. Any license deals could turn a quater profitable. Even better is the fact that at this rate STRM's recurrent revenues will exceed expenses in 3Q 2011. From then on any license deals will trickle down directly to the bottom line.

I see STRM delivering 30 - 40c net income in 2011.

The beauty of growing hosted services is that those contracts last 5 years and renewal rates are almost 100%. Having predictable and recurrent revenues will insulate STRM from any recessions or bad economic climate in the future.