NASHVILLE, Tenn., Sep 29, 2010 (BUSINESS WIRE) -- HealthStream, Inc. (NASDAQ: HSTM), a leading provider of learning and research solutions for the healthcare industry, today announced that it has partnered with The Corridor Group, Inc. (TCG) to launch their home health and hospice courseware libraries on its learning platform, the HealthStream Learning Center(R) (HLC). The home health and hospice libraries each include a collection of interactive, online courses designed to address basic care regulations, case management guidelines, and infection control protocols.
Both libraries will be available to the healthcare industry's growing number of home healthcare professionals, which is now almost 1.1 million employees and, according to the Bureau of Labor Statistics, is projected to grow 46 percent by 2018. These healthcare professionals are employed in one of the nations approximately 15,000 home healthcare and hospice care agencies where approximately three million patients are provided with care each year (National Center for Health Statistics). The growth in home health management is driven, in part, by an aging population with chronic conditions that, in many cases, can be most effectively treated at home. Consequently, the need for well trained home healthcare professionals continues to increase.
"Since TCG is the nation's leading provider of consulting, executive search services, and educational resources for the home care industry, I am excited to partner with HealthStream, the nation's leading provider of learning solutions for hospitals and health systems," said Kathleen J. Dodd, chief executive officer of The Corridor Group. "Through this agreement, healthcare professionals in acute care hospitals, hospital-based physician clinics, and free-standing treatments centers can access our proprietary home care and hospice specific courses which will, in turn, benefit their patients and the care provided to them."
Through the new partnership, HealthStream will offer courseware for home care and hospice learning from TCG that includes a home health library of 19 online courses with 27 continuing education credits (CEs) that address home health regulations, infection control protocols, and OASIS (Outcome and Assessment Information Set) training--as required by the Centers for Medicare and Medicaid. Similarly, the hospice library is comprised of 16 online courses with 18 continuing education credits (CEs) that address hospice regulations, case management guidelines, best practices for differing levels of care, and infection control protocols. Upon successful completion, most of the courses from both the home health and hospice libraries provide continuing education credits issued by the American Nurses Credentialing Center. Courses from the home health and hospice libraries include, for example, "Wound Care Basics" and "Caring for Patients with Alzheimer's Disease and Related Dementia," respectively. All of the courses are delivered in an easy-to-use format that accommodates various learning styles and level of experience--from novice to expert.
"The Corridor Group's home health and hospice libraries add an important dimension to our course offerings for the growing home health sector of the healthcare industry," said Robert A. Frist, Jr., chairman and chief executive officer, HealthStream. "I look forward to a productive partnership with TCG in the coming months and years."
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 over 2.2 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 two satellite offices. For more information about HealthStream's learning and research solutions, visit www.healthstream.com or call us at 800-933-9293.
About the Corridor Group
Founded in 1989, The Corridor Group, Inc. (TCG) (www.corridorgroup.com) is an industry leader in home care, hospice and private duty services consulting, executive search, eLearning and educational products and services. With its corporate headquarters based in Overland Park, Kansas and West Coast office in San Francisco, California, TCG has gained a strong reputation through its work and understanding of issues that impact the markets it serves.
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.
Mollie Condra, Ph.D., 615-301-3237
Associate Vice President, Communications, Research, & Investor Relations
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