Streamline Health Solutions (STRM) 13 Sep 182018 Q2 Earnings call transcript

Good day, and welcome to the Streamline Health to report Second Quarter 2018 Financial Results Conference Call. Today’s conference is being recorded. At this time, I would like to turn the conference over to Mr. David Sides, President and Chief Executive Officer of Streamline Health. Please good, sir.

July us for the first-half the year which joining Streamline results of for XXXX, Solutions Health second ended you to financial review of fiscal Thank XXXX. XX, quarter and

of Marketing call on conference PTO call Senior David and Salisbury, indicated, As usually Streamline and begins the Randy Chief operator Health. President is who Sides, this I’m President week. CEO Officer, Vice earnings our our

duties his today. So I’m handling

and for or anyone press our me financial not release Financial on participating remarks, today have websites. retrieve does call results, the our Senior these of www.streamlinehealth.net of Officer. Chief Joining can If President conclusion you copy company’s is Tom numerous At on new we’ll announcing Vice Gibson, the open call it question-and-answer the today’s a today’s from full-text prepared at the session. call website

remarks, begin as for calls, are on viewed. submit for the everyone with we sure may We following should be record provided Before of which we prepared our statement. want therefore earnings clear all information, of be record we the be to the certain with today,

and press uncertainties Form other more including from for materially made Commission, of be statements assumptions XX-K these not releases historical to actual uncertainties, risks, company’s differ those the that factors to made could call within filings other Reform about that forward-looking of risks, report the Securities U.S. Private are cause statements Please results we are on the considered information are annual discuss. First, subject to Litigation facts this recent factors. and meaning and to Act with may the These conference XXXX. assumptions and most our Exchange and Securities refer

of we’re these always, items today. as current analysis of management’s As presenting

these evaluating made any to is Streamline participants commitment when on topics take forward-looking undertaking discuss. will statements note, today. not such call obligation publicly risks the revise Health we Please into account any this should Our or

non-GAAP financial financial to discuss EBITDA. will our uses we these as provide adjusted performance. Management measures, Second, into such help insight measures better

items measures, so please these using expense you our consistent may release said, that me such of for not non-GAAP another However, from refer included our on entity comparable on www.streamlinehealth.net income are remarks. With website at reach these measures. certain compare terms, get to non-GAAP and help reconciliation To earnings of amounts calculations measures. the prepared to differ which those their may in with own and a measures my these GAAP most let

second want our year our and as comment XXXX at First, date we usual, and the fiscal for what fiscal quarter year. remainder our performance of Then, I on to first-half of to want on performance. seeing quarter I comment to anticipate look third

productive to I of performance said, financial ago. the which of down and performance, morning. That approximately particularly yesterday I regard million, Before sequentially second $X.X revenue our in our [ph] large we that I we in which to year our XX% earnings generated XXXX, want a same of quarter-to-quarter will main million. fiscal license the as approximately [Excluding] decline this perpetual first that perpetual a QX of approximately The to in revenues second afternoon, quarter the revenue, flat with call. fiscal for from QX, with which our discussed existing of I quarter revenues do, quarter compared year we think $X as released which touch many will was operational business, driver of areas were our everyone say upon client, this non-recurring an was contract period remind a as

of year. down were total Recurring in approximately months to the approximately first fiscal $XX.X approximately months about six of six last XXXX, XX% million X%, first of revenues $XX.X of The about the million, revenues a from the compared in ago, previous perpetual same up due for but revenue XXXX. QX second to million revenue quarter, aforementioned the primarily sequentially quarter, the $X.X year substantially QX as were

XXXX $X.X quarter were million. Our bookings for second the of

to produce the and million will between feel $X each quarter this in million bookings of confident that remainder continue We we for year. $X

Regional business. to pipeline off start The in signed day opportunities in Abstracting clients the in we new clients, and outside the eValuator primarily deals is two late The of believe is QX of quarter, educational second consisted West nature we’re the hard one first in first clients of as and Texas. will quarter, the good becoming to We’re client to month such of team additions with from in Hunt more leading is our Allscripts Dallas, the client. pursuing of are year good the Coast Today, other one worked new on to both bookings too into with our day more contracts our we the eValuator as roster, but Allscripts, close first one our of which second-half of our vigorously August, a and this in two QX and Allscripts our the add Abstracting includes XXXX. very facility the third had on partnership

bookings well from our projections to as solidly reseller see sales partners. be We’ll existing our the through discussed. year, range as bookings direct that new efforts, ahead Looking second-half we the continue will to we’ve of fiscal believe in our

with metrics affected were to not CFO, new EBITDA. year more his more adjusted loss extent, not little and a of but shortly. a the moment, both line million, now $X is in $XX,XXX to fiscal coming are other year this our adjusted some our margin. first this the our this from was for is Moving the will the is quarter spite the we and EBITDA. down first-half sequentially year, New of That of down million the to approximately and second net company said, XXXX this ago. $X.X our due in for cover $XXX,XXX approximately discuss to future impact GAAP million, performance. QX adjusted for EBITDA XXX% generated subleasing perpetual which The Tom up year which facility And quarter ago. the in year. than pleased charges to our compared I financial a lesser was same this second same is year-over-year just Gibson, I’ve for of remarks year in our charges This a $X.X will bottom asked period sequentially adjusted EBITDA prepared as due lower York from gross our terms, quarters. was quarter from quarter To detail that EBITDA We QX few in In license, in adjusted this that nearly in

the our was first net $X.X fiscal For loss a million, six improvement the over year, this during loss million same months approximately in of marked net $X.X fiscal period of our XXXX. approximately

the statement, year, million In sheet. on QX continue income to million, our approximately as the of At approximately end quarter addition to this the strengthen in to of our at cash $X.X compared we improvements balance end second the last hand was $X.X year.

in of the cycle prospects service $X.X in at and focusing revenue with million we charge our from Our from This of our ongoing was $X.X incremental bank down the the last more most in focus of We’ve end us now EBITDA, end second face just our I the debt middle improvements quarters that flow QX and debt. the at terms operating to I on revenue outset year, mentioned drop. helping made cost, what they are continue generating second to have sell I clients the quarter we today. enhance focus this felt cash will refined and support has sharpened at and the reducing that in the marketplace is in year. reduce years. And bill think of we but coming by efficiently to you that quarter million particularly us their as many of adjusted capture and not know development helped has performance and to and productive, to our of market level helped challenges bank apportion resources the

our with of originally long-time November negotiating pay we Montefiore $X of obligated them XXXX, XXXX. tighter had our to remainder Given the agreement we’ve City technology in December we Medical of for client, whom analytics of Part them our the Center our from licensed were clinical their New in focus, million in market signed York with been platform. royalty

for deemphasized we the two contract revenue revenue agreed we agreement. will Montefiore we cash company sales financial will that Officer, Financial accounting contract. to notable roughly reported million, certain and royalty periods are marketing it have amount provide the no kind of reallocating revenue Recognized that of for be footprint, middle estate product corporate from the review generate development, the and of say that GAAP is Given following solution have non-cash. moves not we’ve of forward. their at outstanding operational to I’ve we include we’ve in a use and with this made originally for for to offering help our growth and the expenditures by rework after that the save money the real asked further remainder to of each cost hours for new our projected, improvement $XXX,XXX going product for of service for our amount expense valuations Montefiore met Chief Suffice term. estate. revenue reducing exchange In we areas Gibson, to cycle amended impact recently Impact the reducing revenue to to our real Other growth. moves our of Tom Montefiore experienced the of amended annual $X the the those

about him. our to accepted the made was to asked call he Gibson hiring asked of quarterly new he to the get I’ve you Officer. and Lastly, Tom financial a bit can of portion during Senior to Financial the graciously take you the opportunity that executive this also our handle quarter a member Tom I’ve Chief one begin President has team this conference was things himself, Vice second though of productive and particularly tell so know Tom to of as the little that even quarter. not

directly market, have our quarter as Tom well. greater Tom XXXX. out into the clients year to Tom? financial investors releases you as on now themselves. opportunities to turn of who’ll the first-half Randy Gibson, results and to with and will the meet present provide our you, detail fiscal for many and of with We Tom call with our plans second via those meet communicate over I’ll meet press Salisbury get

years healthcare and David, over large, XX morning, national, years XX organic in RCM, my a Health, last career Tom IT. In Since public in I years in XX third you, primarily been I’m positions this companies. I contributed myself. have Accretive MedAssets, my in Thank to at larger, XXXX, healthcare in I’ve at of this active Gibson, private approximately and good formally towards and growth job, introduce complex space. the healthcare in various the MedAssets spent and in and public have previous with focused first the is financial Greenway bias transactions public and closing firms and on I’ve for companies healthcare. Beginning me RX to allow accounting my everyone. day roles specialized Medical

the working During revenue. from an the on the was an from to cycle company $XXX and proud primarily as of to accomplishment. It efficiently. incredibly rewarding my by time million time approximately in million nearly through $XXX I’m At very at my experience million quickly It acquisition business a of million grew grow organization team MedAssets, to side $XX demonstrates the the and $XXX grew to company ability that MedAssets, an entire left. revenue commitment I

helping team with Board aligned that of process, in With that thinking growth. with interview I linking member fund growth, the chapter met revenue about and each the company’s all and believe my management in are forward of cycle look to community. to metrics and During our the nurturing mind, we processes immediate our financial relationships life operating next is I the investor

future its from was and of the to savings initial I management that the today, to ago have have Streamline financial improvements growth. the a fact, to fortunate its will and as strong, business the statement our continues discipline improvement the number improve already of In and associates anticipated attest business a with In realized, revenue XXX-plus my cash operational operational seen I to and themselves I operational and have view the the can years company initiatives. fuel attributed leadership, to that associates. its found and improvements that the the to are financial in operational have evident in dedicated is income team

operational to help established. the that discipline is of Streamline of the step are from revenue cycle. I and the revenue middle strategies, financial has focused I think, which next Streamline building orchestrate foundation Solutions well-positioned growth, healthcare in very want improvement providers’ logical the on successfully

use As David a and space in area Manhattan, The Atlanta, office referenced in in at sublease York November for of company cost developers. July, savings work when them, New Georgia. the And XXth office team earlier, XXXX. efforts. Effective David the our to and expire our those sublease. area of in New of is they’d set an at which located opportunity Most Madison City here majority explored our in vast surveyed associates both was Avenue successful home. the was company is knowledge, company an past this rather this the of With are York said, and to company’s

expenses With feet I a revenue notable big area In actively square quarter, of opportunity Atlanta that space. save marketing the the now months. I $XXX,XXX quarter to in the per EBITDA. to This expect the income XXXX. that down is in in the income, reported lease approximately $X.X we factor million million sales sublease liability $XXX,XXX company nearly XX,XXX fiscal $XXX,XXX, will that Operating future This year, net $XXX,XXX headquarters were some our estimated well as next $X note that, non-cash We is first that same beginning about generated the The primary of of was of of write-off from second related adjusted the and and on charge million and exceeds The been The XXXX. as furniture cost operating for exit company’s of out cost quarter the fixtures. attributable of our compared and is million R&D investments, performance $X.X in both cost move which for quarter is sublease non-cash taken the to reduction XXXX. approximately by the with the due amortization $XXX,XXX audit. Atlanta from fiscal which had first-half more The decreased in financial lower portion software of impact Atlanta York this office for to a annual expenses $XXX,XXX, in Operating expenses prior office of The to lower looks year. the space few $XXX,XXX around were first about by EBITDA. having anticipates $X.X the down G&A specific the period. adjusted the New next having of quarter capitalized sales adjusted and of company has significant its to XXXX, were is will and the total. in sequentially a to of information of office cost regarding space reduction space. forward incurred the our lease in

additionally, includes the In million and million depreciation XXXX for of compared net now some QX company of capitalized addition software that has to of net $X.X off first the million to development loss, in XXXX first the XXXX, Health non-cash on fully the liability months where and loss in in amortization. Meta large creation, and intangibles months of including depreciation XXXX This the projects sublease adjustments The from amortization $X.X rolling rolling non-cash amortization. are of $X.X six the amortization reported amortized. of seen $X.X six million is of we a for off

Moving balance quarter $XXX,XXX We with hand. generated $X.X million on almost the the sheet. in the to operations of This approximately quarter. from includes cash in finished cash on

incremental years. to in full higher the this has capitalized being is product solutions ended invest the requested most to XX, rather functionality expecting $X.X not that spend as the to to development for $XXX,XXX slightly the previous that million growth million we been company as business cost forward. we from in fiscal XXXX, our development We to addressed and solutions million sheet marketplace revenue July by year the that the capitalized between foresee is XXXX. cost to fiscal continuing balance XXXX. potential $X.X The operations, $X three cost capitalized invested the new Generally, cost facility compared for have invest for going client in benefit new product and in have functionality Beyond months on is in

million. nature of backlog definition end and herein, could reported here is that I’m measure, $XX.X to to David, their natural of But That at $XXX,XXX be the The quarterly contracts the contracts company terms. term both the the excited variable clear, through the of compared With arrangements, end here due remarks. pleased to their measure, extended meeting of I quarter backlog side, cost stands not back our The to service quarter second of A look On or the only to reminder you succeeding $X.X of quarter. million, the report The reported at for financing the of reporting. the the was evaluating loan. includes auto net through end concludes of call to that months David? our commitments. regular timing end at on with I the in audit term forward and fixed ahead. respect some the backlog are payments future many we revenue our make we future value and have backlog I renewal impact and measure. turn of the auto visibility, before of only reiterate materially renewal financing next original term which those want natural, Health, my as balance as with Streamline in to to at of continue this termination the fiscal The engagements, the which

with though, Relations time issues. Investor we’ll directly being, for information the in getting all Randy he him in And Short digging provide to acclimated to continue Randy to so order on communicate on direct short-term the Thank please access be you, for as I’ve Tom. can the it near-term, focus appropriate. asked for conduit Tom in. the request and

mentioned be I outset, at in the the next office Randy week. As back will

Before automated platform. selling of four per February coding year, on averaging the I our to quarter analysis fiscal I progress call pace we’re and the open contracts pre-bill we want our in our At eValuator of set developing to comment fiscal XXXX. questions, new eValuator, behind in the midpoint throughout

As we our eValuator can more clients, if met look we we’ll add goal. at the next quarters, two have XX

believe to is this attainable. continue We

overbilled The read hospitals of or overbilling. is our week, pressure. a layoffs. we to and least amounts found hospital day, four bankruptcy. plus their use press believe can forced are the to top target industry’s tool that being fines. overbilling for buyers why? About increasing About margins closing to is being Every Here eValuator financial of fact if healthcare improve about we There a at are guilty every and not with providers our repay why shrinking provider under filing can in another eValuator solution. reduce risk the succeed reporting reasons street healthcare staff lines and and bottom our power we remains

First, mid-range qualified XX remains in to the pipeline full and over XX like both our current of of next to prospects, three five months. days very terms the

into increasing just PSIs, which Hospital or put solution, client prospects. our help expands of Earlier the enhancement beyond month, Patient we with Safety are Indicators, broaden the Conditions, DRGs. we scope breadth this This by the should Acquired usefulness to eValuator eValuator Value-based the payments. That we also of of set. address issues pipeline HACs, means starting Second, eValuator rule the of can or and

Profee be will our can eValuator place in These market opportunities rules have the first our rules. trade number expanded we in taking additional market, at a end the segments into well both as of critical revenue two total we this of new conducting sets AHIMA, with believe at estimation now open entered of total all and up segment. solution which to in the rule We applications two mass three sets live greater addition, platform, industry’s of demonstrations we the of In market original inpatient outpatient as new largest and will the show, be month. have

original We By view several expanded no the version sets that adding rules rule further for and our as Profee in in months, less rules clients rules still provides other charges. from that the into the adding prospects. spectrum HACs eValuator. rules they inpatient-only our chart looking add have us to eValuator value PSIs complex and and chart some to we can market. these incorporating the marketplace differentiate of also other than as We will of next to the competitor capabilities We’re outpatient, believe of and advice Care will a can practices, by in us physician with match Value-based of

times other our signed already. type have necessary entice measured vendors client pre-billing and the on many who have you is all phases sales won’t technology use. clients selling the those We we fiscal use. third of Once until to both because clients be it Meditech. to channel so segment because consider cloud-based now month. opportunities, factors, with of EMR RFP but which of and Allscripts go-forward Benefits entering the the We to clients the epic our happens, of is about Certainly, potential be be and execute a as increases tend three this think important, are larger next or sell list, sell With building healthcare this prerequisite our we Meditech their eValuator will Fourth, this how advance good they institutions. providers eValuator larger have are to market of dollar themselves. two is who segment we the important dramatically. believe into any just clients, we provides go of Epic system strategy. believe industry their with clients EMR, the have year, user This of base can successful. than we EMR, as many the Epic references them pipeline resellers Epic their A as in we accelerate When this felt and inclusion, to of by new I integration we the prospects. those addressable that Epic-based easily conversation number a of should far larger enough live, of a are Third, on B our reference we volume where X with in of which previous are to client enabling believe automated about our three Benefit get we of many success we live as eValuator

practices solution coding greatly eValuator physician hospitals, their enable improve and practices. to Our will outpatient facilities

to call their potential our That of prepared benefits continued on shareholders over like remarks. our to their I Q&A think cutting operator, their dollar for divided over call to days payers to accounts associates and concludes post-bill hard the the being hand, improving of want Streamline number need I and reducing the receivable, turn session. audits. my I’ll Health work and cash other. the the thank patient bills to our amount each for operator and dedication for by Operator? clients, reducing now But our before the turning to

Thank you. from first Instructions] Matt we’ll [Operator Craig-Hallum our question And take Capital Hewitt with Group.

Good gentlemen. for for few Thank our taking you me. A questions. morning,

look had or been How those we’ve of you seeing be little addressable eValuator. market size, It perspective the thought. and about thinking with new about how the inpatient how markets, the we outpatient are just be big slower it’s than, pipeline catch should at opportunity? guess, I’m thinking or that the we back-half from the should chance markets? There’s anticipated that new for And the the with year. a seems whether now that? to up you the in bit on progress initially with I congratulations First, wondering, as a

the for Matt. question, Thanks

is we the that of markets think we slide the about same each size. showed, the On

Profee So I addressable. say that’s would market practices. In that, the physician hesitate is to a of that there’s lot a easily

total three roughly So resellers the for get of to market one but the equal. each be would to is way addressable the that,

outpatient, then think our excited we’re Care, of Value-based not we like, each be adds that show sure So just them, excited more sizes. the we it but showing the to because looks essentially we’re we’re that’s two of subset think what a and – Profee three, to our they’re

So market. kind tripled had have before addressable of we that the the we size

hard that’s is to a caveat a my to only market and offices, physician by get a physician. Now physician for

I get the we’ve that think that because going centers inpatient, things of to large is But really the to that will quoting similar. of need the extremely started about excited, address just looks or to the market, charges are we’re amount of resellers market really outpatient and surgery it. and volume through we clients to size and there others groups

happy we alone, to at see that can one that minimal market double. the we So address in a I are think,

Okay, other great. questions here. of couple a And then,

Regarding is, the one follow-up congratulations they goal to those win you Could a in Allscripts how a thinking perspective? maybe the across are we is pipeline deals? quarter, us that on structured? those I guess, remind should how line. from are And the cadence be about How getting what big look And the that like? deals

I we Good mean, looks good. forward are week. question. The a indicators pipeline the itself a that, are doing couple quotes of

of, we up see of anywhere $XXX,XXX know from be size $XX,XXX, to I a like don’t of larger kind the clients. there, in access maybe deals critical uplift good a could So $XXX,XXX,

and reseller. preference So on we’re so license it’s purchase to client $X that, to even it perpetual million. going up somewhat towards term They’re piece how and started potentially underway could could as structured through and But that the either run or they’re already it push and larger the be clients gamut have being started project. that that generally pleased far

really XX cadence goal so of, in sold we can my it making down quickly, gets So with XX to a wow, see and to where line value and is the bring days we really I easy something client clients our us, live work there. this roll to they is start

one just days for Okay, a I cost very that and as good to I’ll job the job last and they can. one great. But getting welcome the few realized a you’re company Tom, me only streamlining and hop done Then has for on company possibly back into of many And queue. efficiencies the here.

some on today. of about lease spoke them even You side

the picture, the should about So standpoint much growth is reduction cost investment David, going forward? prepared how As I investing to early how cost on in thinking be alluded reduction is much financial the look left is you. a at from Thank we how remarks, you And and left versus, side? – growth this for you again? size even think

very much, the Thank you appreciate Yes. Mark [Matt]. question. I [sic]

there cost to something reduction a want I or some apologize that. think always we very opportunities are keep eye for on, good

So to want something eye on. our keep we

However, has the job all the we do company works. big I the identifying while hitters. are – great have we on real a And big the they will of have say done executed that in hitters, of

our turned the some has already I year, real end the on to invest the of the this how so think we address will growth. the Matt. And Appreciate of savings cost items by key attention think, savings we question, I these into And side.

got your I name wrong. Sorry,

No right. Thanks, worries. All guys.

Instructions] [Operator Frank Sparacino our Analysis. First next question take We’ll with from

eValuator gamut? has there David, of or focus terms hospital maybe guys. have of sort the clients to signed been does Hi, size it in a the just span on you date,

really billion Meditech month, scheduled the maybe two over integration. where mainly We’ve have perhaps we So anyone but got Epic have that’s size, this far the so X,XXX span middle focused to on go where good and integration. organizations gamut, got Allscripts, think, I clients a we multi-billion far, $X or beds, we live good pretty you’ve don’t big been in there, we’ve

it. clients to value have getting to driving work, It it. those and from clients clients do problems the we integration a are having not not with difficult like for because much integration so two those that more is And milestone that once want seems can set good tend us, be big for third it we’re as a any us, live usually to

they’re see live So other acceleration pipeline the about a user I clients to once in that think see and base value those near-term we we clients real get the in driving. talking in you’ll or our

reasons – the make up reasons on behind. we’re we’re and probably the the think the biggest of really one can pipeline excited we one about that’s time four, the So of

I are that may revenue and to be I priority? or competing delay? environment or around do for it wanted for with in talks a the reason and think moving maybe projects is financial guess, hospitals higher particularly the and go along. other your best. to eValuator primary health, you forward moving mixed you David, have made, comment ROI back at or it financial But better not What clearly, the the Is resources around is slowly at hospitals pressure is those cycle

may rejoined Instructions] have [Operator to presenters you need question? apologize. us. [Technical I Frank, restate Our your And Difficulty]

three don’t Well, Frank, which our for before we on landline, realized question, heard that answered had a it I so happened. I dropped, I your actually we’re line what minutes know

Good. right. All

So let me take a it. stab at

clients, I does think, what of reasons that buying? are are that into they Correct? so eValuator, the health how the you financial were asking, translate

even or Yes. Yes, delaying?

that we be primarily, being with for buying the that they’re people kind done. appropriately see of are to external we So haven’t should everything because looking we work validation paid see

got CFOs physician, so me I’ve have I’ve when And to at, that people or I how by because problems of they’re got cetera. buy outpatient directors the by selling the by sure et be can that, tool criterion hospital, help of to we’re revenue And secondary if is cycle, looking okay, could show facility, reports compliance. then,

problems later other have to know how not audits or that RAC did with denials. So they’re they going

these to will other the in we who has net that compliance and future two auditors it’s clients when denied side. on so the take where will much, guys might just have someone worked they those count – appreciate might them as money because or we their we’re RAC And ever be with with show actually has lose or them billing amount, count if before, be or sometimes who the really going off see you

be have in large seen that with we at don’t have they this. And it. so humans outpatient is we between some really our across haven’t where Especially and we can I had and Profee really those everything here we clients outpatient show do we on especially two, – have to breadth mentioned, looking to client, able as them so say, large pipeline, Profee actually the

less there’s or intervention every So transaction. at eyes looking

We’re missed through actually they going transactions now with able check to before. all the computer that

somebody this they the so them piece computer role how to could that slow okay, to And reviewing. I is review of with as sometimes, what up the work to come down a operationalize now is new need

as that’s as started to And change that management. we’ve so to discussion about them far a talk

somebody may say, may look look outpatient flag at XX,XXX, and XXX, XXX. today, we inpatient So have position this encounters, not you the has we and to at let’s

them ramp-up through denials as process those may initially the on a the do And today down, denials starting to are is help way the offer will to be get that we’re on so people people that more And go making sales our months, for in do work now. to own who that. to you review

So it state from a reactive goes of state. a proactive

and had And one our with don’t more back with work at in seen looking clients sales there’s of deal it have maybe roles that. on proactively. end, sell-through of of engage messaging people a more but sell-through one for is that’s person that as on no the – kind to so that, they role been we’ve to that’s as who trying thinking to about They the this. marketplace how we’re and a we’ve have But it the things

move a X% found So understand from we transactions, XXX% to to clients, of all new random deal they role as of audit we need volume. that billing help looking we that, of need at only post with how

Thank you, David. That’s helpful.

at there are telephone questions no further appears it this And time.

you, your Health Well, phone, while of patience figured thank we again, in our Streamline out support your and for apologies. interest

If financial have when again randy.salisbury@streamlinehealth.net. questions look with any Salisbury speaking you quarter Good discuss our contact to will We December information, Randy in more at third additional need all performance. please day. XXXX forward we you or

again you does we And conference, today’s that and once thank conclude your for participation. all

disconnect. now may You