NASHVILLE, Tenn.--(BUSINESS WIRE)--Apr. 4, 2019--
HealthStream (NASDAQ: HSTM), a leading provider of workforce development
and provider solutions for the healthcare industry, announced today the
first cohort of companies integrating their solutions with hStream™:
Innosonian America, NurseGrid, Perception Health, and CloudCME. Each of
these companies has developed innovative healthcare solutions and will
benefit from greater exposure, easier connectivity, and more rapid
implementation with the nation’s healthcare workforce via hStream,
HealthStream’s new platform-as-a-service (PaaS) technology.
hStream was launched to facilitate innovation and growth of the
HealthStream ecosystem. To that end, Scott McQuigg joined HealthStream
in January 2019 as Senior Vice President, hStream Solutions to identify,
grow, and develop new hStream applications, content, and partnerships.
Since its launch, healthcare organizations representing over 1.5 million
subscriptions have upgraded to hStream.
For companies integrating with hStream, HealthStream will provide
mentorship and access to its unparalleled network of customers,
partners, and healthcare experts, bringing insights and support to help
them accelerate their growth. Additionally, each of these companies will
become hStream certified, ensuring that they meet the standards for
security and privacy of hStream. As part of supporting innovation and
growth of these companies, HealthStream also chose to make a minority
equity investment in NurseGrid, Perception Health, and CloudCME.
“Without a doubt, healthcare organizations on HealthStream’s hStream
platform are primary beneficiaries of these innovative new offerings,”
said Scott McQuigg, Senior Vice President, hStream Solutions,
HealthStream. “The seamless integration of new solutions from these
companies makes connectivity, adoption, and utilization easy for the
healthcare workforce. The network effect is well demonstrated, as
hStream creates value for healthcare organizations, their workforce, and
these four companies.”
- Innosonian America is a global manikin company, whose Brayden
Pro manikins have won numerous awards. Innosonian is the first company
to achieve interoperability of its manikins and be designated as
hStream-certified, making it a perfect complement to the new American
Red Cross Resuscitation Suite recently launched in collaboration with
HealthStream.
- NurseGrid is the #1 app for nurses in the Apple and Android app
stores. With over one million downloads, nurses and nurse leaders use
NurseGrid to communicate, collaborate, and manage their schedules.
HealthStream is working with NurseGrid to extend the value and
adoption of their viral technology among nurses, helping health
systems bring transparency and efficiency to managing schedules for
their nursing teams.
- Perception Health has aggregated one of the largest medical
claims databases in the country—with over 20 billion claims
records—creating a powerful market intelligence offering for
healthcare organizations. Already, Perception Health has integrated
elements of its geographic physician referral display data via its
TEAM API into HealthStream’s Verity Referring Provider Validation™
solution, demonstrating integration to benefit customers.
- CloudCME provides a cloud-based software-as-a-service (SaaS)
application for managing all aspects of the continuing education (CE)
department in leading academic medical centers and acute care
hospitals. With over 50 percent of CloudCME’s customers already
customers of HealthStream, CloudCME and HealthStream are bringing new
levels of integration to CE departments in U.S. hospitals.
“hStream is rapidly gaining traction among our customer base of
thousands of healthcare organizations, which employ millions of
healthcare professionals,” said Robert A. Frist, Jr., Chief Executive
Officer, HealthStream. “The addition of our first cohort of four,
outstanding companies that are integrating with hStream is a great start
to the unique, powerful solutions that our PaaS approach can bring to
customers. Strategically, everyone wins: customers get more choice and
services; companies gain greater visibility with the nation’s largest
network of healthcare professionals; and HealthStream facilitates the
most expansive marketplace of workforce options for the healthcare
industry.”
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 millions of 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; Denver, 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.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
Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190404005123/en/
Source: HealthStream
Mollie Condra, Ph.D.
HealthStream
(615)-301-3100
mollie.condra@healthstream.com
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