NASHVILLE, Tenn.--(BUSINESS WIRE)--
HealthStream (NASDAQ: HSTM) announced today the introduction of
"Verity™, a HealthStream Company," its newly formed company that
combines its Echo and Morrisey businesses. Echo had formed in September
2015 as a combination of HealthStream's previous acquisitions of
HealthLine Systems and SyMed Development, and Morrisey Associates was
acquired in August 2016.
Echo and Morrisey bring together over 75 years of industry experience,
innovation, and unparalleled solutions resulting in Verity™ becoming the
leading credentialing, enrollment, and privileging company in the United
States. Today, Verity™ serves over 2,400 hospitals and over 1,000
"As we introduce Verity™, we are simultaneously launching our SaaS-based
provider credentialing, privileging, and enrollment solution, Verity,"
said Michael J. Sousa, President, Echo. "More than just software, Verity
combines the best platform, content, data, services, and community to
deliver a foundational source of truth for healthcare organizations."
Verity includes an intuitive, modern user experience; embedded,
validated provider data; evidence-based and best practice content;
unmatched, instantly-deployable automation; on-demand services from
experts including our NCQA-accredited Verity CVO; and a robust customer
community. Our comprehensive solution includes:
Verity, a single infrastructure driving the entire provider
lifecycle, powered by Bolt, an intuitive, AI-enabled automation
engine and reporting tool. Verity includes VerityHub, a
one-stop shop for providers and reviewers and Credentialing Insights,
a dashboard with national, proprietary benchmarks related to
hStream for Verity, an exclusive repository of pre-validated
data, embedded content, and pre-built integrations.
Recruit, an integrated and simple-to-use physician recruiting
Apply, a simplified application and reappointment
processes for providers with an intuitive, online experience.
Validate, an automated primary source verification to
validate credentials, licenses, certifications, sanctions, and
Privilege, a solution to delineate, grant, monitor, and
evaluate privileges, powered by a continuously-updated library of
privileges mapped to ICD-10/CPT codes.
Appoint, a centralized, virtual place for chairs,
chiefs, and other decision makers to review, discuss, and document all
appointment decisions at any time.
Enroll, built with pre-formatted payer forms, integrations with
online enrollment sites, payer grid functionality, and Enrollment
Insights, a dashboard with national, proprietary benchmarks
related to enrollment activities.
Contract, a single-source, electronic repository of
contracts to automate the contract lifecycle, powerful for stand-alone
and health system-specific health plans.
Onboard, an online concierge to guide all stakeholders
during the onboarding process, enabling them to view, complete, and
report on all required tasks including malpractice underwriting,
billing set up, and marketing requirements. Onboard also seamlessly
integrates with the HealthStream Learning CenterTM,
simplifying the notification and completion of required training.
Evaluate, a holistic view of provider performance--for
activities related to privileging, OPPE, FPPE, specialty-specific case
reviews, national benchmarks, MACRA scores, CAHPS ratings, and social
media--powered by an exclusive library of evidence-based,
specialty-specific performance indicators.
These solutions will be complemented by our "Plugged into Verity"
network, an expanding ecosystem of partners that each plug into Verity
to provide exclusive solutions for the Verity community. We will share
more information on these partners in the coming months.
"Because every patient deserves the best possible caregiver, our new
SaaS-based platform, Verity—with its integrated data sets—is there to
deliver health systems the best possible validation toolset for
credentialing processes," said Robert A. Frist, Jr., Chief Executive
You can learn more about Verity and its solutions by visiting its
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. Our
research solutions provide valuable insight to healthcare providers to
meet HCAHPS requirements, improve the patient experience, engage their
workforce, and enhance physician alignment. Based in Nashville,
Tennessee, HealthStream has additional offices in Brentwood, Tennessee;
Jericho, New York; Boulder; Colorado; San Diego, California; Chicago,
Illinois; and Columbia, Maryland. 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. 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. Investors are cautioned that
such results or events predicted in these statements may differ
materially from actual future events or results. These
forward-looking statements are based on a variety of assumptions that
may not be realized, and which are subject to significant risks and
uncertainties, including that the acquisition may not be consummated and
that the anticipated financial and strategic benefits of the acquisition
may not be realized, as well as risks and uncertainties referenced from
time to time in the Company's filings with the Securities and Exchange
View source version on businesswire.com: http://www.businesswire.com/news/home/20180109005524/en/
Mollie Condra, Ph.D., 615-301-3237
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