NASHVILLE, Tenn., Sep 22, 2009 (BUSINESS WIRE) -- HealthStream, Inc. (NASDAQ: HSTM), a leading provider of learning and research solutions for the healthcare industry, and Quorum Health Resources (QHR), the nation's largest hospital management company and one of the top 10 healthcare consulting firms in the United States, announced today a partnership that enables both HealthStream and QHR to deliver a wider range of best-in-class solutions to the hospital market. Through the new partnership, QHR will be able to offer hospital clients industry-leading learning and research solutions from HealthStream while, concurrently, HealthStream will be able to offer hospital clients QHR's proven consulting and innovative education and training solutions.
"The QHR - HealthStream partnership is a win-win situation all around, resulting in comprehensive, best-in-class education and operational support solutions for the hospital industry, including those hospitals already being served by each company," said QHR president and chief executive officer, James L. Horrar. "HealthStream boasts the industry's leading learning platform used by healthcare organizations, a powerful competency management solution, a top-quality catalog of educational courses, and a highly respected research division."
"QHR clients can access HealthStream's learning solutions, competency management system, and research services - not to mention seemingly countless new course offerings," said Mr. Horrar. "For HealthStream clients, the partnership means access to QHR's Learning Institute programs and QHR consulting services, which focus on addressing the financial, operational, and strategic challenges to drive overall hospital performance."
"Quorum Health Resources is one of the industry's top hospital management and consulting companies, implementing solutions that yield measurable results for clients across the country every day. We are excited to work collaboratively with them in our new partnership," said Robert A. Frist, Jr., president and chief executive officer, HealthStream. "Our respective products and solutions are highly complementary--and, in turn, this partnership will undoubtedly benefit healthcare organizations and, ultimately, the care they provide to patients."
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 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.
About Quorum Health Resources LLC
Quorum Health Resources, LLC is a leader in providing management, consulting and education services to hospitals across the country. Its product lines include Management Services, Consulting Services, Learning Institute, Intensive Resources, Equity Management Solutions, and American Health Facilities Development. Headquartered in Brentwood, Tenn., QHR's management client hospitals generate $7 Billion in annual net patient revenue with more than 60,000 hospital employees. The company also provides strategic, financial and operational services to nearly 200 additional hospitals each year through short term engagements. The QHR Learning Institute reaches an annual audience of nearly 8,000 participants for its hospital management programs, which include on-line communities, live and recorded courses, teleconferences and webinars, and regional and national conferences. QHR is a wholly-owned subsidiary of Community Health Systems (NYSE: CYH), the nation's largest public hospital operating company. For more information, visit www.qhr.com.
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.
Mollie Condra, 615-301-3237
AVP, Communications, Research, & Investor Relations
Quorum Health Resources
Laura Alabed, 615-371-4975
Copyright Business Wire 2009