NASHVILLE, Tenn.--(BUSINESS WIRE)--
HealthStream, Inc. (NASDAQ: HSTM), a leading provider of talent
management and research solutions for healthcare organizations, today
announced that Pensacola, Florida-based Baptist Health Care has entered
into a five-year agreement to utilize HealthStream's comprehensive
talent management solution for their 7,500 employees. The agreement was
signed in conjunction with the transaction announced earlier today where
HealthStream acquired Baptist Leadership Group, a consulting practice
owned by Baptist Health Care.
"We are excited that Baptist Health Care has adopted our comprehensive
talent management platform," said Robert A. Frist, Jr., Chief Executive
Officer, HealthStream. "Our new collaboration provides an opportunity
for Baptist to pilot outcomes-driven, next generation talent management
solutions to enhance the patient experience, improve workforce knowledge
of safety practices, and reduce the cost of compliance."
HealthStream's innovative talent management solution is provided with an
underpinning of unique applications designed specifically for healthcare
organizations. Baptist Health Care will use three SaaS-based
applications: (1) a healthcare workflow-intuitive learning management
application to develop their workforce — the HealthStream Learning
Center™; (2) an interactive competency assessment & management
application to accelerate and manage competencies — the HealthStream
Competency Center™; and (3) a user-centric application to automate
performance appraisals and drive organizational productivity — the
HealthStream Performance Center™. Integrated in one, enterprise talent
management platform, Baptist Health Care will benefit from having a
single sign-on for its users and a unified, comprehensive solution to
develop their workforce and achieve specific business and clinical
outcomes.
Baptist Health Care is widely regarded as a progressive leader in the
healthcare industry, having received numerous accolades in recent years,
including the highly-respected Malcolm Baldrige National Quality Award.
Their commitment to their workforce is well known, as evidenced most
recently by their recognition in Training Magazine's 2013 ranking
of Baptist Health Care at #39 out of the top 125 corporate institutions
in the U.S. for team training and people development.
"Service excellence has long been the hallmark of Baptist Health Care—as
provided by our world class employees. HealthStream's comprehensive
talent management solution will support us in this commitment to our
patients and communities, making them an outstanding partner for Baptist
Health Care," said Brian Matson, Senior Vice President & Chief Strategy
& Business Development Officer, Baptist Health Care. "We look forward to
working collaboratively with HealthStream in a similar manner that we
have historically worked with Baptist Leadership Group. We are excited
about the opportunities that we can address together with the continued
use of our organization's Living Laboratory to road-test new
innovations."
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 3.3 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 additional offices in Laurel, Maryland,
Austin, Texas, and Brentwood, Tennessee. 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.
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