Skip to main navigation
  • Solutions

    Solutions

    • Learning & Performance
    • Quality & Compliance
    • Reimbursement
    • Resuscitation
    • Clinical Development
    • Credentialing
    • Scheduling & Capacity Management
    Solutions powered by

    Learning & Performance

    • Learning Management
    • Video Platform
    • Reporting & Analytics
    • Performance & Engagement
    • Leadership & Upskilling

    Learning Management

    Improve outcomes and quality of care through enhanced learning and education.

    View All Products

    Products

    • Classroom Management
    • Learning Management System
    • Content Creation
    Two physicians with mask looking at tablet - Learning Management HealthStream

    Video Platform

    Deliver engaging, company approved content, available on-demand to support organizational initiatives.

    View All Products

    Products

    • Video Platform Packages
    Male nurse looking at tablet in hospital - Video Platforms HealthStream

    Reporting & Analytics

    Make real-time strategic decisions powered by accurate data.

    View All Products

    Products

    • Learning Analytics
    • Retention Analytics
    • Learning Initiative Management
    Reporting-and-Analytics-Solution-Area-Thumbnail

    Performance & Engagement

    Engage, develop, and retain your workforce to build a high performing culture.

    View All Products

    Products

    • Performance Center
    • Social Recognition
    Happy medical professional in conversation - HealthStream Performance & Recognition

    Leadership & Upskilling

    Design personalized pathways for your leaders that meet them where they are in their personal and career development journeys.

    View All Products

    Products

    • Leadership Education
    A doctor and nurse walking up stairs - HealthStream Leadership Development

    Quality & Compliance

    • Regulatory & Compliance
    • Quality & Safety
    • Policy Management
    • Diversity, Equity & Inclusion
    • Medical Product Training

    Regulatory & Compliance

    Fulfill compliance requirements with a variety of programs and courseware designed to address critical regulatory requirements as well as educate staff to recognize and mitigate risks.

    View All Products

    Products

    • Annual Mandatory Education
    • Compliance Education
    • Conflicts of Interest
    • Phishing
    • Regulatory Monitoring
    • Workforce Monitoring & Verification
    Two females talking - HealthStream's Regulatory & Compliance Solution

    Quality & Safety

    Improve quality of care by reducing medical errors and harmful outcomes from improper technology or medication usage by giving clinical staff access to the engaging, interactive content they need to address patient safety issues.

    View All Products

    Products

    • Quality Management
    • Patient Safety Education
    • Opioid-Related Education
    Nurse performing chest compressions - HealthStream's Quality & Safety Solution

    Policy Management

    Ensure organizational policies and procedures are up-to-date and easy to access and distribute.

    View All Products

    Products

    • Policy Manager
    Female medical professional in scrubs - HealthStream's Policy Management Solution

    Diversity, Equity & Inclusion

    Address social and unconscious bias issues that may affect patient outcomes with HealthStream’s comprehensive training.

    View All Products

    Products

    • Socially Conscious Education
    • Unconscious Bias
    Diverse group of medical professionals - HealthStream's Diversity, Equity & Inclusion Solution

    Medical Product Training

    Deliver custom or industry designed product training directly to patient and resident care environments to reinforce proper use

    View All Products

    Products

      Medical Product Training

      Reimbursement

      • Revenue Cycle Education

      Revenue Cycle Education

      Patient Access, Case Management, Clinical Documentation, Medical Coding, and Billing & Reimbursements

      View All Products

      Products

      • Patient Access
      • Case Management
      • Clinical Documentation
      • ICD-10/CPT/E&M Coding
      • Insurance & Billing
      Professional man holding clipboard - Revenue Cycle Education HealthStream

      Resuscitation

      • Resuscitation Solutions
      • Clinical Deterioration

      Resuscitation Solutions

      Proven and effective resuscitation training solutions to improve clinical proficiency.

      View All Products

      Products

      • BLS, ALS & PALS
      • Workplace Safety
      • Resuscitation Specialty Sims
      • ALS OB
      • Team Leader VR
      Female nurse student with manikin - Resuscitation Solutions HealthStream

      Clinical Deterioration

      Specialized programs for recognizing deterioration and improving outcomes

      View All Products

      Products

      • S.T.A.B.L.E.
      • ART of Preventable Death
      Infant in hospital - Clinical Deterioation HealthStream

      Clinical Development

      • Competency
      • Onboarding & Placement
      • Skills & Decision Support
      • Professional Development
      • Clinical Quality

      Competency

      Objectively validate ongoing competence, improving care outcomes and renewing staff confidence.

      View All Products

      Products

      • Competency Development
      • Preceptor Development
      • Clinical Analytics
      Young smiling medical professional - HealthStream Clinical Development

      Onboarding & Placement

      Develop a more confident, competent staff from day one and engage your nursing talent.

      View All Products

      Products

      • Clinical Placement
      • Nurse Residency
      • Specialty Orientation
      • Medical Assistant Orientation
      Happy medical professional looking at a computer - HealthStream Clinical Development

      Skills & Decision Support

      Provide a blended solution at the point of care, with access to evidence-based information where and when your staff needs it most.

      View All Products

      Products

      • Checklist
      • Dynamic Health
      Happy medical professional in conversation - HealthStream Clinical Development

      Professional Development

      Identify, develop, and promote the right leaders for your organization while providing stellar care.

      View All Products

      Products

      • CE Unlimited
      • Post-Acute Programs
      • Ambulatory Programs
      • Nurse Leadership Development
      Medical professionals chatting - HealthStream's Professional Development Solution

      Clinical Quality

      Address your facility’s most devastating and costly clinical risks while empowering clinical staff.

      View All Products

      Products

      • Quality Obstetrics Care
      • Quality Emergency Care
      • Clinical Initiative Programs
      Nurse in full scrubs with patient in hospital bed - HealthStream Clinical Development Solution

      Credentialing

      • Provider Credentialing

      Provider Credentialing

      View All Products

      Products

      • CredentialStream

      Scheduling & Capacity Management

      • Workforce Engagement
      • Workforce Scheduling
      • Operational Intelligence

      Workforce Engagement

      Empower nurses to take control of their schedules, enhance their well-being, and beat burnout.

      View All Products

      Products

      • NurseGrid
      • Keener
      Workforce-Engagment-Solution-Area-Thumbnail

      Workforce Scheduling

      Optimize enterprise staffing efficiency with nurse-centric technology

      View All Products

      Products

      • ANSOS Staff Scheduling
      • ShiftWizard
      • NurseGrid Manager
      Workforce-Scheduling-Solution-Area-Thumbnail

      Operational Intelligence

      Align staffing and needed resources to enable efficient patient flow and high-quality, cost effective patient care.

      View All Products

      Products

      • Capacity & Resource Advisor
      • Enterprise Visibility
      Operational-Intelligence-Solution-Area-Thumbnail
    • Care Settings
      • Ambulatory Surgery Centers
      • Assisted Living & Senior Care Facilities
      • Behavioral Health
      • Community Health
      • Home Health
      • Hospice & Palliative Care
      • Physicians Groups & Clinics
      • Skilled Nursing & Long-Term Care
      • Urgent Care & Emergency Service
      • Acute Care
      • QAPI
      • Embracing Quality Awards
      abaqis for Skilled Nursing

      abaqis®

      Mitigate risk and elevate your quality of care. Improving both clinical and business outcomes starts with a smarter, more integrated approach to regulatory training, continuing education and quality management.

      Learn More
    • Store
      • Free COVID-19 Support
      • Business Operations Courses
      • Patient Care & Experience Courses
      • Courses By Disciplines
      • Courses By Care Settings

      FEATURED COURSES

      The S.T.A.B.L.E. Program Online Course

      Improve quality of care for well and sick infants. Learn how it can transform your ability to accurately monitor and care for infants, improving their quality of life.

      AACN ECCO Essentials of Critical Care Orientation

      Essentials of Critical Care Orientation (ECCO), from the American Association of Critical-Care Nurses (AACN), is an interactive, case-based course designed to orient nurses on critical care basics.

      COVID-19 Support Courses

      These courses are designed to educate staff on current guidelines for infection control across various care settings and precautions for airborne pathogens.
    • Resources
      • Articles
      • Blogs
      • Case Studies
      • eBooks
      • Webinars
      • White Papers

      LATEST & POPULAR

      BLOG

      Tactics to Improve Nurse Engagement

      BLOG

      The Importance of Effective Communication in Nursing

      BLOG

      Webinar - Survey Shows Privileging for Telehealth a Big Issue in 2020 and Beyond

      ARTICLE

      Top Ten Trends: How Healthcare Moves Forward in 2021

    • About
      • About Us
      • Careers
      • Partners
      • Executive Leadership
      • Board of Directors
      • Investor Relations
      • Press Releases
    • Contact
      • Looking to buy?
      • Need Support?
      • Investor Relations
    • Login Help

    Solutions

    • Learning & Performance

      Learning & Performance

      • Learning Management

        Learning Management

        Improve outcomes and quality of care through enhanced learning and education.

        View All Products

        Products

        • Classroom Management
        • Learning Management System
        • Content Creation
        Two physicians with mask looking at tablet - Learning Management HealthStream
      • Video Platform

        Video Platform

        Deliver engaging, company approved content, available on-demand to support organizational initiatives.

        View All Products

        Products

        • Video Platform Packages
        Male nurse looking at tablet in hospital - Video Platforms HealthStream
      • Reporting & Analytics

        Reporting & Analytics

        Make real-time strategic decisions powered by accurate data.

        View All Products

        Products

        • Learning Analytics
        • Retention Analytics
        • Learning Initiative Management
        Reporting-and-Analytics-Solution-Area-Thumbnail
      • Performance & Engagement

        Performance & Engagement

        Engage, develop, and retain your workforce to build a high performing culture.

        View All Products

        Products

        • Performance Center
        • Social Recognition
        Happy medical professional in conversation - HealthStream Performance & Recognition
      • Leadership & Upskilling

        Leadership & Upskilling

        Design personalized pathways for your leaders that meet them where they are in their personal and career development journeys.

        View All Products

        Products

        • Leadership Education
        A doctor and nurse walking up stairs - HealthStream Leadership Development
    • Quality & Compliance

      Quality & Compliance

      • Regulatory & Compliance

        Regulatory & Compliance

        Fulfill compliance requirements with a variety of programs and courseware designed to address critical regulatory requirements as well as educate staff to recognize and mitigate risks.

        View All Products

        Products

        • Annual Mandatory Education
        • Compliance Education
        • Conflicts of Interest
        • Phishing
        • Regulatory Monitoring
        • Workforce Monitoring & Verification
        Two females talking - HealthStream's Regulatory & Compliance Solution
      • Quality & Safety

        Quality & Safety

        Improve quality of care by reducing medical errors and harmful outcomes from improper technology or medication usage by giving clinical staff access to the engaging, interactive content they need to address patient safety issues.

        View All Products

        Products

        • Quality Management
        • Patient Safety Education
        • Opioid-Related Education
        Nurse performing chest compressions - HealthStream's Quality & Safety Solution
      • Policy Management

        Policy Management

        Ensure organizational policies and procedures are up-to-date and easy to access and distribute.

        View All Products

        Products

        • Policy Manager
        Female medical professional in scrubs - HealthStream's Policy Management Solution
      • Diversity, Equity & Inclusion

        Diversity, Equity & Inclusion

        Address social and unconscious bias issues that may affect patient outcomes with HealthStream’s comprehensive training.

        View All Products

        Products

        • Socially Conscious Education
        • Unconscious Bias
        Diverse group of medical professionals - HealthStream's Diversity, Equity & Inclusion Solution
      • Medical Product Training

        Medical Product Training

        Deliver custom or industry designed product training directly to patient and resident care environments to reinforce proper use

        View All Products

        Products

          Medical Product Training
      • Reimbursement

        Reimbursement

        • Revenue Cycle Education

          Revenue Cycle Education

          Patient Access, Case Management, Clinical Documentation, Medical Coding, and Billing & Reimbursements

          View All Products

          Products

          • Patient Access
          • Case Management
          • Clinical Documentation
          • ICD-10/CPT/E&M Coding
          • Insurance & Billing
          Professional man holding clipboard - Revenue Cycle Education HealthStream
      • Resuscitation

        Resuscitation

        • Resuscitation Solutions

          Resuscitation Solutions

          Proven and effective resuscitation training solutions to improve clinical proficiency.

          View All Products

          Products

          • BLS, ALS & PALS
          • Workplace Safety
          • Resuscitation Specialty Sims
          • ALS OB
          • Team Leader VR
          Female nurse student with manikin - Resuscitation Solutions HealthStream
        • Clinical Deterioration

          Clinical Deterioration

          Specialized programs for recognizing deterioration and improving outcomes

          View All Products

          Products

          • S.T.A.B.L.E.
          • ART of Preventable Death
          Infant in hospital - Clinical Deterioation HealthStream
      • Clinical Development

        Clinical Development

        • Competency

          Competency

          Objectively validate ongoing competence, improving care outcomes and renewing staff confidence.

          View All Products

          Products

          • Competency Development
          • Preceptor Development
          • Clinical Analytics
          Young smiling medical professional - HealthStream Clinical Development
        • Onboarding & Placement

          Onboarding & Placement

          Develop a more confident, competent staff from day one and engage your nursing talent.

          View All Products

          Products

          • Clinical Placement
          • Nurse Residency
          • Specialty Orientation
          • Medical Assistant Orientation
          Happy medical professional looking at a computer - HealthStream Clinical Development
        • Skills & Decision Support

          Skills & Decision Support

          Provide a blended solution at the point of care, with access to evidence-based information where and when your staff needs it most.

          View All Products

          Products

          • Checklist
          • Dynamic Health
          Happy medical professional in conversation - HealthStream Clinical Development
        • Professional Development

          Professional Development

          Identify, develop, and promote the right leaders for your organization while providing stellar care.

          View All Products

          Products

          • CE Unlimited
          • Post-Acute Programs
          • Ambulatory Programs
          • Nurse Leadership Development
          Medical professionals chatting - HealthStream's Professional Development Solution
        • Clinical Quality

          Clinical Quality

          Address your facility’s most devastating and costly clinical risks while empowering clinical staff.

          View All Products

          Products

          • Quality Obstetrics Care
          • Quality Emergency Care
          • Clinical Initiative Programs
          Nurse in full scrubs with patient in hospital bed - HealthStream Clinical Development Solution
      • Credentialing

        Credentialing

        • Provider Credentialing

          Provider Credentialing

          View All Products

          Products

          • CredentialStream
      • Scheduling & Capacity Management

        Scheduling & Capacity Management

        • Workforce Engagement

          Workforce Engagement

          Empower nurses to take control of their schedules, enhance their well-being, and beat burnout.

          View All Products

          Products

          • NurseGrid
          • Keener
          Workforce-Engagment-Solution-Area-Thumbnail
        • Workforce Scheduling

          Workforce Scheduling

          Optimize enterprise staffing efficiency with nurse-centric technology

          View All Products

          Products

          • ANSOS Staff Scheduling
          • ShiftWizard
          • NurseGrid Manager
          Workforce-Scheduling-Solution-Area-Thumbnail
        • Operational Intelligence

          Operational Intelligence

          Align staffing and needed resources to enable efficient patient flow and high-quality, cost effective patient care.

          View All Products

          Products

          • Capacity & Resource Advisor
          • Enterprise Visibility
          Operational-Intelligence-Solution-Area-Thumbnail
      Solutions powered by
      • Ambulatory Surgery Centers
      • Assisted Living & Senior Care Facilities
      • Behavioral Health
      • Community Health
      • Home Health
      • Hospice & Palliative Care
      • Physicians Groups & Clinics
      • Skilled Nursing & Long-Term Care
      • Urgent Care & Emergency Service
      • Acute Care
      • QAPI
      • Embracing Quality Awards
      abaqis for Skilled Nursing

      abaqis®

      Mitigate risk and elevate your quality of care. Improving both clinical and business outcomes starts with a smarter, more integrated approach to regulatory training, continuing education and quality management.

      Learn More
      • Free COVID-19 Support
      • Business Operations Courses
      • Patient Care & Experience Courses
      • Courses By Disciplines
      • Courses By Care Settings

      FEATURED COURSES

      The S.T.A.B.L.E. Program Online Course

      Improve quality of care for well and sick infants. Learn how it can transform your ability to accurately monitor and care for infants, improving their quality of life.

      AACN ECCO Essentials of Critical Care Orientation

      Essentials of Critical Care Orientation (ECCO), from the American Association of Critical-Care Nurses (AACN), is an interactive, case-based course designed to orient nurses on critical care basics.

      COVID-19 Support Courses

      These courses are designed to educate staff on current guidelines for infection control across various care settings and precautions for airborne pathogens.

      Press Release Details

      • Overview
      • Press Releases
      • Events & Presentations
      • Corporate Governance
        Documents & Charters Management Board of Directors Committee Composition Contact the Board
      • Financial Information
        Overview SEC Filings Annual Reports and Proxies Quarterly Results Key Ratios
      • Stock Information
        Stock Quote & Chart Historic Stock Lookup Investment Calculator Analyst Coverage Ownership Profile
      • Contact Us

      HealthStream Advances Talent Management Strategy with Innovative Credentialing Application through Acquisition of Sy.Med

      Oct 22, 2012
      HealthStream Advances Talent Management Strategy with Innovative Credentialing Application through Acquisition of Sy.Med 53.6 KB

      NASHVILLE, Tenn.--(BUSINESS WIRE)-- HealthStream, Inc. (NASDAQ: HSTM), a leading provider of learning, research, and talent management solutions for the healthcare industry, today announced that its talent management strategy has been advanced with an innovative credentialing application gained through the acquisition of Sy.Med Development, Inc. ("Sy.Med"). As a leading developer of credentialing related software products, Sy.Med serves a broad set of healthcare clients, which includes over 115 hospitals and integrated delivery networks — their fastest growing market segment.

      Sy.Med OneApp™, Sy.Med's credentialing application, centralizes data and automates the paper-intensive, time-consuming credentialing management processes for hospitals, physician practices, clinics, and other healthcare organizations. Hospitals and health systems are required to manage and track all credentialing applications and enrollment forms for physicians, nurse practitioners, physical therapists, and other professional healthcare providers practicing in their organizations. By adding Sy.Med OneApp™ to HealthStream's talent management product suite, a powerful credentialing application is provided to hospitals to reduce credentialing paperwork and manual processes by up to 70 percent.

      "HealthStream's innovative, fresh approach to talent management is rapidly evolving into the healthcare industry's premier talent ecosystem, of which I am excited to now be a part," said Jim Aylward, chief executive officer, Sy.Med. "I believe our credentialing application has saved tremendous resources for our clients — and I am, therefore, pleased that it will reach a wider audience as part of HealthStream. Moreover, I know that our clients will benefit from expanded opportunities as part of HealthStream's growing customer base while continuing to receive outstanding support and service from the same Sy.Med team."

      Credentialing is a particularly important component of talent management in healthcare organizations. HealthStream's approach to talent management begins with evaluating a healthcare organization's workforce along five dimensions: qualifications, competency, engagement, performance, and development. Credentialing is, necessarily, an important starting point as it is essential that healthcare professionals' qualifications to deliver patient care be verified. As such, Sy.Med's credentialing application provides a requisite tool to automate this process — particularly for the credentialing of physicians who comprise about 80 percent of Sy.Med's client data — and who are increasingly employed by hospitals.

      Credentialing is also a financial imperative. Managed care organizations — including Medicare and Medicaid — require comprehensive credentialing processes to ensure that physicians and other professional healthcare providers meet all of the necessary requirements and are appropriately qualified to practice medicine and deliver patient care. This process typically starts with verification of education and residency or fellowships; appropriate state licensure; employment history; malpractice carriers' check; a criminal and financial background check; and reference checks. This data is collected via primary source verification services (which is not part of Sy.Med) and is then sent to healthcare providers (e.g. hospital, physician practice, or clinic) who are responsible for all tasks associated with data management, enrollment, tracking, privileging, and credentialing. Sy.Med OneApp™, Sy.Med's application, dramatically reduces the administrative burden of these tasks — and has added capabilities to centralize provider data, set automatic expiration alerts, produce a wide variety of reports on-demand, manage documents, and utilize a large population of letters and forms.

      Sy.Med OneApp™ is available as an installed product and as a software-as-a-service (SaaS) product delivered through the Internet. While the majority of Sy.Med clients currently utilize the installed product, HealthStream will bring a renewed emphasis on integrating, developing, and deploying the SaaS-based application. Sy.Med OneApp™ enables healthcare organizations to meet NCQA (National Committee for Quality Assurance), the Joint Commission, and URAC (Utilization Review Accreditation Commission) accrediting standards for provider information management in credentialing activities.

      "I would like to extend a warm welcome to Sy.Med's clients and employees to HealthStream," said Robert A. Frist, Jr., chief executive officer, HealthStream. "We look forward to offering this important credentialing application to healthcare organizations as we continue to add products and capabilities to our innovative talent management suite."

      Terms of the Transaction:

      HealthStream purchased all of the shares of Sy.Med for approximately $7,050,000 in cash consideration and 34,060 shares of HealthStream's common stock. Up to an additional $1,500,000 in cash will be paid over a two-year period following closing, subject to the achievement of certain milestones post-closing.

      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 software-as-a-service (SaaS) solutions are used by, collectively, approximately 2.9 million healthcare employees in the U.S. for training & learning management, talent management, performance assessment, and managing simulation-based education programs. Our research solutions provide valuable insight to healthcare providers to meet HCAHPS requirements, engage their workforce, and enhance physician alignment. Based in Nashville, Tennessee, HealthStream has an additional office in Laurel, 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, or in the future may be, 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. The Company's preliminary financial results, while presented with numerical specificity, are forward-looking statements which are based on a variety of assumptions regarding the Company's operating performance that may not be realized, and which are subject to significant uncertainties and potential contingencies associated with the Company's financial and accounting procedures and other matters referenced from time to time in the Company's filings with the Securities and Exchange Commission. Consequently, such forward-looking information should not be regarded as a representation or warranty by the Company that such projections will be realized.

      HealthStream, Inc.
      Mollie Condra, Ph.D., 615-301-3237
      Associate Vice President,
      Investor Relations & Communications
      Mollie.condra@healthstream.com

      Source: HealthStream, Inc.

      News Provided by Acquire Media

      • Printed Materials
      • Email Alerts
      • Downloads
      • RSS
      • Print
      • Share

      • Facebook
      • LinkedIn
      • Twitter
      • RSS

      Search

      Quick Links

      • About
      • Careers
      • Investors
      • Press
      • Store
      • Webinars
      • Blog
      • Contact

      Connect

      Contact us

      800.521.0574

      Email Us

      Investors
      • Overview
      • Press Releases
      • Events & Presentations
      • Corporate Governance
        Corporate Governance
        • Documents & Charters
        • Management
        • Board of Directors
        • Committee Composition
        • Contact the Board
      • Financial Information
        Financial Information
        • Overview
        • SEC Filings
        • Annual Reports and Proxies
        • Quarterly Results
        • Key Ratios
      • Stock Information
        Stock Information
        • Stock Quote & Chart
        • Historic Stock Lookup
        • Investment Calculator
        • Analyst Coverage
        • Ownership Profile
      • Contact Us
      • Back to HealthStream.com