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Streamline Health Announces New Regional Director of Sales
Jul 15, 2011 (04:07 PM EDT)
CINCINNATI, July 15, 2011 /PRNewswire/ -- Streamline Health Solutions, Inc. (NasdaqCM: STRM), a market leading provider of document workflow solutions for hospitals, announced today that Ryan Brown has been appointed Regional Director of Sales – Eastern Region. Mr. Brown's main focus will be on new sales opportunities in the Eastern United States. His hiring confirms the company's commitment to building a world-class sales team with the ability to pursue all new enterprise healthcare document management and workflow sales opportunities.
Mr. Brown brings to the Company more than 10 years of experience selling enterprise software solutions in the healthcare industry. Previously Mr. Brown was regional sales manager for the southeast region at A.D.A.M., Inc., where he also focused on international sales opportunities. Mr. Brown was also employed by McKesson Provider Technologies for more than ten years, managing enterprise software solution sales within the corporate accounts division. Mr. Brown holds a Bachelor of Mechanical Engineering degree from the Georgia Institute of Technology.
"As part of our company's commitment to continuous growth we are focused on hiring talented associates with experience and knowledge in the healthcare technology space," said Robert Watson, president and chief executive officer of Streamline Health. "As our products evolve to continue to meet the enterprise needs of today's healthcare systems, it becomes even more important to have sales associates who understand document management and workflow challenges within the entire system. The addition of Ryan Brown to our sales team reflects our belief in the company's ability to continue to be an innovative market leader in the healthcare technology space."
Mr. Brown commented, "I am excited to have the opportunity to join a company that is positively contributing to the landscape of healthcare technology through the conversion of unstructured documents and images into digital assets that help improve the healthcare experience and reduce costs. I look forward to building the new business pipeline and actively contributing to Streamline Health's future as an innovative market leader."
Mr. Brown joins Gabriel Waters, vice president, business development for Streamline Health, the company's most recent addition to its sales team. Mr. Waters stated, "Ryan Brown's hiring shows the company's dedication to growing our salesforce by adding key personnel with the background and know-how within our space. I am pleased to have him join our team."
The Company also announced that in connection with Mr. Water's earlier hiring, he received 5,000 shares of Streamline Health common stock. Mr. Waters also received an option grant for 200,000 shares of Streamline Health common stock, with an exercise price equal to the greater of $2.00 per share or the fair market value of a share of Streamline Health common stock on the date of grant, which was April 30, 2011. This option will vest during the first three years of employment. The share and option awards described in this paragraph are inducement grants, pursuant to Nasdaq Marketplace Rule 5635(c)(4).
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. For additional information, please visit our website at http://www.streamlinehealth.net.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995
Statements made by Streamline Health Solutions, Inc. that are not historical facts are forward-looking statements that are subject to risks and uncertainties and are no guarantee of future performance. The forward looking statements contained herein are subject to certain risks, uncertainties and important factors that could cause actual results to differ materially from those reflected in the forward-looking statements, included herein. These risks and uncertainties include, but are not limited to, the timing of contract negotiations and execution of contracts and the related timing of the revenue recognition related thereto, the potential cancellation of existing contracts or clients not completing projects included in the backlog, the impact of competitive products and pricing, product demand and market acceptance, new product development, key strategic alliances with vendors that resell the Company's products, the ability of the Company to control costs, availability of products obtained from third party vendors, the healthcare regulatory environment, 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, as well as maintenance of legacy systems, fluctuations in operating results, effects of critical accounting policies and judgments, changes in accounting policies or procedures as may be required by the Financial Accountings Standards Board or other similar entities, changes in economic, business and market conditions impacting the healthcare industry, the markets in which the Company operates and nationally, and the Company's ability to maintain compliance with the terms of its credit facilities, and other risks detailed from time to time in the Streamline Health Solutions, Inc. filings with the U. S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly release the results of any revision to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
SOURCE Streamline Health Solutions, Inc.