HealthStream Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

HealthStream Strengths, Domain Expertise, and Key Differentiators

HealthStream offers workforce and provider solutions tailored for healthcare organizations, aimed at bolstering the individuals delivering patient care, thereby enhancing both business and clinical outcomes. Delivered predominantly via Software-as-a-Service (SaaS), HealthStream solutions address critical challenges confronting the healthcare workforce and organizations, including talent management, compliance, credentialing, and privileging processes for medical staff.

HealthStream Recent Developments

In February 2023, HealthStream disclosed a series of updates. Formerly structured into two distinct business segments—Workforce Solutions and Provider Solutions—the company transitioned to a unified approach as of January 1, 2023. Under this new framework, all products and solutions are consolidated within a single segment, hStream. This strategic shift aims to enhance operational efficiency, streamline branding, and simplify the management structure.

In November 2022, HealthStream unveiled the hStream Developer Portal, providing access to a modern and scalable architecture through APIs. These APIs offer smaller, reusable services that can be seamlessly integrated into HealthStream applications, as well as third-party applications from customers and partners.

HealthStream Mergers and Acquisitions (M&A) Activities

In 2022, HealthStream completed two significant acquisitions: CloudCME in May and eeds (Electronic Education Documentation System) in December. These acquisitions, coupled with the purchase of Rievent Technology in December 2021, have fortified our portfolio with essential workforce solutions for CE/CME management. These strategic moves not only broaden our offerings but also enhance market share and extend our reach through expanded customer channels and networks.

HealthStream Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying HealthStream applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of HealthStream and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified HealthStream Cloud customers.

HealthStream Key Enterprise and Cloud Applications

HealthStream Cloud

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HealthStream Direct vs Indirect sales

HealthStream Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified HealthStream Customers

No. of HealthStream Customers: 4000

No. of HealthStream Enterprise Applications Customers: 4000

No. of HealthStream Cloud Customers: x

No. of HealthStream Cloud Subscribers: x

HealthStream serves a diverse clientele of over 4,000 healthcare organizations, primarily comprising acute-care facilities.

In February 2023, Ardent Health Services chose several of HealthStream's key solutions, including the HealthStream Learning Center (HLC) application, hStream platform, SafetyQ compliance program, and HealthStream Video application. This selection, part of a multi-year agreement, aims to support Ardent's extensive workforce of 23,000 employees across 30 hospitals and over 200 care sites enterprise-wide.

HealthStream Market Opportunities, M&A and Geo Expansions

The company maintains its dedication to investing in new product development while integrating and improving existing product capabilities across our three application suites: Credentialing, Scheduling, and Learning.

In March 2020, HealthStream's Board of Directors approved a new share repurchase program for the Company’s common stock, authorizing the repurchase of up to $30 million of outstanding shares. Repurchases may occur through open market transactions, privately negotiated deals, or under a Rule 10b5-1 plan. The timing, price, and volume of repurchases will adhere to predetermined terms. The program will be subject to prevailing market conditions, liquidity, cash flow, securities laws requirements, and other factors. It will conclude on March 12, 2021, or when the maximum dollar amount is reached. The program is discretionary and may be halted or terminated at any time.

HealthStream Risks and Challenges

HealthStream experienced growth due to rising IT investments by healthcare organizations, particularly in cloud-based applications to ensure compliance with regulations like the Affordable Care Act. The question remains whether HealthStream can maintain its competitive edge with a unique offering that addresses various business processes such as HR, patient experience management, and physician relations.

HealthStream Ecosystem, Partners, Resellers and SI

The company's extensive partnership network comprises over 75 courseware, application, and content partners. These partners entrust us to assist in the marketing, sales, and distribution of their content. Notable partners include the American Health Information Management Association, American Red Cross, American Association of Critical-Care Nurses, Wolters Kluwer Health, EBSCO, Task to Touch, Emergency Nurses Association, zeroedin, WILL Interactive, SkillSoft, Press Ganey, Juice Analytics, CommonSpirit, ELC Information Security, Kaltura, and many more.

In November 2022, HealthStream unveiled a strategic collaboration with CAE, a renowned leader in simulation-based education. This partnership enables healthcare organizations leveraging the American Red Cross Resuscitation Suite™ curriculum through HealthStream to certify their resuscitation training using the latest CAE Healthcare manikin, certified for compatibility with the hStream platform. By harnessing the capabilities of the hStream platform, this alliance introduces interoperability, offering healthcare organizations the flexibility to select their preferred manikins for completing resuscitation training—a significant advancement in the field.

HealthStream Cloud Infrastructure Insights

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• HealthStream Public Cloud and Infrastructure (IaaS)
• HealthStream Platform (PaaS)
• HealthStream Application Delivery
• HealthStream Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: