New solution for Nurse Residency Programs builds confidence and
competence of newly hired recent nurse graduates, improving retention
and readiness for practice
NASHVILLE, Tenn.--(BUSINESS WIRE)--
HealthStream, Inc. (NASDAQ: HSTM), a leading provider of workforce,
patient experience, and provider solutions for the healthcare industry,
today announced the launch of its new nurse residency solution for
hospitals, "Nurse Residency Pathway." This solution is a structured, yet
flexible, 12-month blended-learning program that closes the
academic-to-practice gap, optimizing safe, quality care and nurse
retention rates. This new program is being launched today to the
healthcare industry after having achieved formal validation through its
initial pilot phase.
As an early adopter, CHRISTUS Southeast Texas Saint Elizabeth Hospital
experienced significant success with the Nurse Residency Pathway
solution. "For recent nursing school graduates entering the workforce,
the first year presents the greatest opportunity to develop their
confidence and broader clinical competence. For these purposes, we are
certainly blessed with HealthStream as we are now giving new nursing
associates an outstanding residency learning platform. The Nurse
Residency Pathway is demonstrating a best practice in understanding not
only the competence, but the confidence of our new nurses; and designing
a unique pathway for their first year of employment. We are looking
forward to our continued learning journey as we grow this most valuable
program," said Paul Guidroz, MSN, RN, Chief Nursing Executive, CHRISTUS
Southeast Texas Health System.
As Mr. Guidroz explained, building both the competence and confidence of
newly hired nurses is important. After completing the 12-month residency
program at one of his hospitals, new nurses reported a 52 percent
increase in their confidence levels. New nurses' confidence is a
particularly important factor in the early stages of their careers.
Approximately 160,000 newly graduated nurses enter the workplace each
year and, currently, the turnover rates for them are 25 percent and 34
percent in their first and second year, respectively. Given that the
average cost of replacing each nurse is now approximately $85,000 for
hospitals, the need for an impactful Nurse Residency Program has never
been greater. During the pilot phase, we have seen a reduction in
turnover by as much as 12 percent.
HealthStream's Nurse Residency Pathway is thoughtfully aligned to
industry best practices. Its uniqueness in the marketplace is derived
through its:
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Nurse Residency Performance Benchmarks™ (NRPB) - Includes 24/7
access to individual and cohort-based performance insights through
initial and periodic assessments of knowledge attainment, skills,
clinical judgment, and confidence levels. Exclusively from
HealthStream is the inclusion of national benchmarks, providing
leaders with key perspectives about their program's impact.
-
Proprietary Competency Dictionary™— Used as the foundation to
identify and address gaps in learning, develop and validate skills,
and support application of knowledge through critical thinking for
both generalist nurses and those hired into clinical specialty areas.
-
Nurse Confidence Survey™ - The industry's only tool of its kind
that focuses solely on nursing confidence across multiple domains of
practice and professional role.
-
World-Class Blended Learning Curriculum— Leverages
evidence-based content from leading associations and publishers, such
as the Association of periOperative Registered Nurses (AORN) and the
Academy of Medical-Surgical Nurses (AMSN). The 12-month pathway
progresses residents from novice to advanced beginner, using multiple
modalities, such as online learning and mobile checklists, live
facilitation guides, interactive virtual environments, and support of
high fidelity simulation.
-
Reflective Practice—Recommended reflective practice activities,
accessible through a mobile community site that also fosters peer
networking, as well as includes discussion boards, document sharing,
schedules, and announcements.
The Nurse Residency Pathway solution is sufficiently flexible to
accommodate diverse needs among hospitals. Organizations may choose to
re-brand and localize the Pathway to ensure a unique experience for
their nurse residents with the support of our Pathway coaches. We have
already seen some hospitals use this program as evidence for its Magnet®
re-designation effort. Also, one hospital that chose to use our Nurse
Residency Pathway solution achieved accreditation for their Nurse
Residency Program from the American Nurses Credentialing Center (ANCC)
Practice Transition Accreditation Program (PTAP). HealthStream is
honored to help organizations meet the criteria for this prestigious
designation through the implementation of our Nurse Residency Pathway
solution.
"Nurses are the largest segment of hospitals' staff and ensuring their
competence to practice, confidence to perform, and retention for the
long-term has never been more imperative to our national network of
hospital customers," said Robert A. Frist, Jr., Chief Executive Officer,
HealthStream. "I believe our new Nurse Residency Pathway is the perfect
response to these needs—as we've already seen from our customers that
have adopted it. We plan to add new simulation-based technologies to our
menu of options for clinical assessment and skills validation—and will
announce those as they become available."
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,
collectively, approximately 4.65 million 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. Our
research solutions provide valuable insight to healthcare providers to
meet HCAHPS requirements, improve the patient experience, engage their
workforce, and enhance physician alignment. Based in Nashville,
Tennessee, HealthStream has additional offices in Brentwood, Tennessee;
Jericho, New York; Boulder; Colorado; Chicago, Illinois; Columbia,
Maryland, and San Diego, California. For more information, visit http://www.healthstream.com
or call 800-933-9293.
This press release includes certain forward-looking statements
(statements other than solely with respect to historical fact),
including statements regarding expectations for the financial
performance for 2018, that involve risks and uncertainties regarding
HealthStream. These statements are based upon management's beliefs, as
well as assumptions made by and data currently available to management.
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. The Company cautions that forward-looking statements
involve known and unknown risks, uncertainties, and other factors that
may cause the actual results, performance, or achievements to be
materially different from future results, performance, or achievements
expressed or implied by the forward-looking statements, including,
without limitation, as the result of risks referenced in the Company's
Annual Report on Form 10-K and in the Company's other filings with the
Securities and Exchange Commission. Consequently, such forward-looking
information should not be regarded as a representation or warranty or
statement by the Company that such projections will be realized. Many of
the factors that will determine the Company's future results are beyond
the ability of the Company to control or predict. Readers should not
place undue reliance on forward-looking statements, which reflect
management's views only as of the date hereof. The Company undertakes no
obligation to update or revise any such forward-looking statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180124005361/en/
HealthStream, Inc.
Mollie Condra, Ph.D., 615-301-3237
Vice
President,
Investor Relations & Communications
Mollie.condra@healthstream.com
Source: HealthStream, Inc.
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