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HealthStream Climbs the Ranks of the "Healthcare Informatics 100"
NASHVILLE, Tenn., Jul 14, 2009 (BUSINESS WIRE) -- HealthStream, Inc. (NASDAQ: HSTM), a leading provider of learning and research solutions for the healthcare industry, today announced that it has been named to the 2009 "Healthcare Informatics 100," a list of the 100 leading global healthcare IT providers. HealthStream moved ahead seven spots from 2008 to rank #54 on the 2009 list.
The 16th annual listing, published in Healthcare Informatics, ranks both public and private healthcare IT companies based on the previous year's performance. HealthStream's 2008 revenues grew 17 percent over the previous year to $51.6 million. Concurrently in 2008, approximately 190,000 new subscribers were implemented to use the Company's learning platform, the HealthStream Learning Center(R), bringing the network of contracted users to approximately 1.9 million--or approximately 38 percent of the acute-care hospital market.
"Healthcare organizations continue to respond enthusiastically to HealthStream's learning and research solutions," said Robert A. Frist, Jr., chief executive officer, HealthStream. "Increasingly, our commitment to support the people that deliver care is resulting in positive outcomes for healthcare organizations and, most importantly, patients. We are very proud to be included in the Healthcare Informatics' annual listing for a second year."
About HealthStream
HealthStream (NASDAQ: HSTM) is a leading provider of learning and research solutions for the healthcare industry, transforming insight into action to deliver outcomes-based results for healthcare organizations. Through HealthStream's learning solutions--which have been contracted by approximately 1.9 million hospital-based healthcare professionals--healthcare organizations create safer environments for patients, increase clinical competencies of their workforces, and facilitate the rapid transfer of the latest knowledge and technologies. Through our research products, executives from healthcare organizations gain valuable insight about patients' experiences, workforce challenges, physician relations, and community perceptions of their services. Based in Nashville, Tennessee, HealthStream has three satellite offices. For more information about HealthStream's learning and research solutions, visit www.healthstream.com or call us at 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.
SOURCE: HealthStream, Inc.
HealthStream, Inc.
Mollie Condra, 615-301-3237
AVP, Communications,
Research, & Investor Relations
Mollie.condra@healthstream.com
Copyright Business Wire 2009