HealthStream Advances Talent Management Strategy with Innovative Credentialing Application through Acquisition of Sy.Med
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
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
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
"I would like to extend a warm welcome to Sy.Med's clients and employees
to HealthStream," said
Terms of the Transaction:
This press release contains forward-looking statements that involve
risks and uncertainties regarding
Associate Vice President,
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