Streamline Health Solutions, Inc. (NASDAQ:STRM) Q1 2023 Earnings Call Transcript

Brooks O’Neil: That makes sense to me. Just following up on Matt’s question on the disappointment, would you guys say that the confidence you have in the outlook is more based on work you’re doing to simplify and streamline implementations, or is it more based on your expectation that the external environment is going to improve in the back half of the year?

Wyche Green: I think a bit of both. Our growth teams are engaged in just some really exciting opportunities on the booking side, and then from the implementation side, our teams have–one innovation has gotten so much stronger obviously on the eValuator and RevID, which enables our service teams to be able to implement these systems much more efficiently.

Brooks O’Neil: That makes sense. The last question I had was I think I understand your thinking about dialing back on the service part of the business to favor the SaaS side of the business, but can you just confirm that the non-renewal of the contract you called out in the press release is consistent with your planning, your expectations, and not a move that maybe the client made to your dismay?

Wyche Green: Yes – Tom, go ahead.

Tom Gibson : Thank you Wyche. I had to get off of mute. We had put no investment in the professional services side of our business and so we knew that contract would come to an end, and we have not been pursuing new contracts. I think the answer to your question, Brooks, and thank you for the question, is that we had–that was part of our plan.

Brooks O’Neil: Cool, got it. Thank you very much. I’m looking forward to the second half of the year.

Operator: Thank you. At this time, we have reached the end of our question and answer session, and we also thank you for joining our conference today. You may disconnect your lines at this time. Thank you for your participation and have a wonderful day.