NASHVILLE, Tenn.--(BUSINESS WIRE)--
HealthStream (NASDAQ: HSTM), a leading provider of learning, research,
and talent management solutions for the healthcare industry, announced
today that it has implemented over three million subscribers to its
learning management, SaaS-based application, the HealthStream Learning
Center™ (HLC). The milestone was reached on February 4, 2013 as San
Diego-based Sharp HealthCare and their approximately 15,000 employees
were implemented on HealthStream's platform to use the HLC.
Our three million implemented subscribers have been provided access to
the HLC and its solutions through the healthcare organizations where
they are employed, who typically contract with HealthStream in
multi-year agreements for subscriptions, enterprise-wide. Approximately
3,000 healthcare organizations—primarily acute-care hospitals—are
contracted with HealthStream to provide our solutions in their
organizations, making the HLC the most adopted Internet-based learning
management application in the healthcare industry.
Through HealthStream's learning and talent management solutions,
healthcare organizations are creating safer environments for patients
and increasing the clinical competencies of their workforces.
HealthStream offers solutions for some of the most urgent issues facing
healthcare organizations today, including the need to improve patient
safety, fulfill government compliance requirements, facilitate workforce
onboarding processes, effectively train employees on the new ICD-10
coding system, and improve clinical skills—like those that improve
resuscitation rates.
HealthStream offers a healthcare-specific range of innovative
SaaS-based solutions to meet the unique workforce development needs of
healthcare organizations through its emerging eco-system. Approximately
130 industry-leading partners and their content, our robust platform
with a diverse array of healthcare-specific workforce development and
talent management applications, and the collective data emanating from
three million subscribers comprise HealthStream's eco-system—an
innovative approach that, we believe, is unmatched in the industry in
its ability to meet these business and clinical needs.
"We are grateful to our customers for helping us to reach the milestone
of three million implemented subscribers," said Robert A. Frist, Jr.,
chief executive officer, HealthStream. "Our vision has always been to
improve the quality of healthcare by assessing and developing the people
who deliver care—and it is an honor to do that for the dedicated
healthcare professionals who use our solutions to improve patient care."
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 software-as-a-service (SaaS)
solutions are used by, collectively, approximately three million
healthcare employees in the U.S. for training & learning management,
talent management, performance assessment, and managing simulation-based
education programs. Our research solutions provide valuable insight to
healthcare providers to meet HCAHPS requirements, engage their
workforce, and enhance physician alignment. Based in Nashville,
Tennessee, HealthStream has additional offices in Laurel, Maryland,
Austin, Texas, and Brentwood, Tennessee. 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, 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.
HealthStream
Mollie Condra, Ph.D., 615-301-3237
mollie.condra@healthstream.com
Source: HealthStream
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