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Streamline Health Solutions, Inc. Is A Massive Medical SaaS Opportunity

John Gibson, CFA profile picture
John Gibson, CFA


  • Streamline Health Solutions, Inc. is a relatively unknown, high-growth investment opportunity in the medical billing space trading at a ~ $68 million market cap.
  • Streamline’s acquisition of Avelead will double current sales immediately and create an opportunity for cross-selling solutions to hospitals.
  • Streamline’s (together with Avelead) core business is a $900M recurring sales opportunity which implies 45x sales growth.
  • Even though the COVID pandemic has been an obstacle for sales, the core business still grew 56% over the last 12 months.

smart doctor hand working with modern laptop computer in modern office with virtual icon diagram

everythingpossible/iStock via Getty Images

Here's the problem for acute-care hospitals with over 200 beds: managing billing with the thousands of International Classification of Diseases codes (ICD-10). There are now over 130,000 unique billing codes. Hospitals lose millions of dollars by under-billing with the wrong

This article was written by

John Gibson, CFA profile picture
CFA Charterholder, investor, husband and father. Follow me on twitter @jpg256 for updates and thoughts on economy, investing, etc. Portfolio Manager at BrightHaven Capital Management, LLC.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of STRM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (2)

Rammeld723 profile picture
Streamline has a great product and is finally reaching the point of critical mass where it will grow rapidly due to focus of Senior Healthcare Finance & revenue management personnel. One way for healthcare orgs to optimize revenue and ultimately be able for payers to better understand what they are paying for. Will be critical to healthcare planning and benefit reform.
willpetty profile picture
Great product - less certain about the product - revenues seemed to be declining for several years till recently.
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