NASHVILLE, Tenn.--(BUSINESS WIRE)--
HealthStream (NASDAQ: HSTM), a leading platform in healthcare for
workforce development, today announced that it has entered into a
seven-year agreement with Press Ganey Associates, a leading provider of
performance improvement solutions for healthcare organizations across
the continuum of care. Press Ganey's transformational platform offers an
integrated approach to improving safety, quality, patient experience,
and caregiver engagement. Press Ganey's curriculum, courses, and
certificate programs will be exclusively available on HealthStream's
platform, including the HealthStream Learning Center™.
"HealthStream's Learning Center is the premier platform for workforce
training and education in our industry," said Patrick T. Ryan, Chief
Executive Officer, Press Ganey Associates. "Through this innovative
partnership, we can further accelerate our clients' goals to advance
safe, high quality, patient-centered care through learning and
development content on HealthStream's workforce platform."
The full range of Press Ganey's newly acquired Patient Experience
Improvement and Engagement libraries, as well as, for example, their
"NDNQI Pressure Injury Training courses," will be available to
HealthStream's customers. Both companies will market and sell Press
Ganey's content, which may be received by customers through a variety of
HealthStream powered applications, including the HealthStream Learning
Center™.
Creating continuous, sustainable improvement with regard to patients'
experiences is a goal long shared by clients of both companies. Research
has shown that "excellent" patient experience ratings are positively
associated with an array of better clinical outcomes for patients.
Moreover, hospitals with higher patient experience ratings financially
outperform lower-rated hospitals with more than double levels of
profitability. Given these facts, it is not surprising that improving
patients' experiences has been among the top three goals listed as most
important by hospital CEOs over the last five years.
"HealthStream is pleased to add Press Ganey to its growing network of
outstanding healthcare content providers—the industry's broadest
selection of thought-leading content from among leading healthcare
associations, medical publishers, and nursing associations," said Robert
A. Frist, Jr., Chief Executive Officer, HealthStream. "I look forward to
working collaboratively to help healthcare organizations develop their
staff with highly effective training that helps to directly improve
patients' experiences and workforce engagement."
About HealthStream
HealthStream (NASDAQ: HSTM) is dedicated to improving patient outcomes
through the development of healthcare organizations' greatest asset:
their people. Our unified suite of solutions is contracted by,
collectively, approximately 4.65 million healthcare employees in the
U.S. for workforce development, training & learning management, talent
management, credentialing, privileging, provider enrollment, performance
assessment, and managing simulation-based education programs. Based in
Nashville, Tennessee, HealthStream has additional offices in Brentwood,
Tennessee; Jericho, New York; Boulder; Colorado; San Diego, California;
and Chicago, Illinois. For more information, visit http://www.healthstream.com
or call 800-933-9293.
This press release contains forward-looking statements that involve
risks and uncertainties regarding HealthStream, including with respect
to the anticipated benefits of the agreement noted above with Press
Ganey. Investors are cautioned that such results or events predicted in
these statements may differ materially from actual future events or
results. This information has been included in reliance on the "safe
harbor" provisions of the Private Securities Litigation Reform Act of
1995. The Company cautions that forward-looking statements involve known
and unknown risks, uncertainties, and other factors that may cause
actual results, performance, or achievements to be materially different
from future results, performance, or achievements, including, without
limitation, the risk that the agreement with Press Ganey does not
achieve the benefits that are currently anticipated, as well the risks
referenced in the Company's Annual Report on Form 10-K for the year
ended December 31, 2016, filed on February 27, 2017, and in the
Company's other filings with the Securities and Exchange Commission from
time to time. The Company undertakes no obligation to update or revise
any forward-looking statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180212006154/en/
HealthStream
Mollie Condra, Ph.D., 615-301-3237
mollie.condra@healthstream.com
Source: HealthStream
News Provided by Acquire Media
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