HealthStream Among Cloud Top 500

500 11th Avenue North

Nashville, TN, 37203, United States

1 615-301-3100

https://www.healthstream.com

187

HealthStream Strengths, Domain Expertise, and Key Differentiators

HealthStream provides workforce and provider solutions for healthcare organizations, all designed to support the people that deliver patient care, which in turn, supports the improvement of business and clinical outcomes. Delivered primarily as Software-as-a-Service (SaaS), HealthStream solutions focus on some of the most significant challenges facing the healthcare workforce and healthcare organizations today, including the need to effectively manage, retain, engage, schedule, and develop healthcare workforce talent; meet rigorous compliance requirements; and efficiently manage ongoing medical staff credentialing and privileging processes.

HealthStream Recent Developments

In October 2020, HealthStream launched its Resuscitation Specialty Sims™, which are simulation-based scenarios for healthcare professionals that build off of their foundational resuscitation knowledge and allow individuals to practice cardiac arrest response within their respective specialty environment. The first specialty area, Operating Rooms (OR), is launched in partnership with the Association of periOperative Registered Nurses (AORN). Additional Resuscitation Specialty Sims will be introduced in 2021.

In January 2019, HealthStream launched the American Red Cross Resuscitation Suite, comprised of Basic Life Support (BLS), Advanced Life Support (ALS), and Pediatric Advanced Life Support (PALS) competency-development curricula.

In January 2018, HealthStream launched 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.

HealthStream Mergers and Acquisitions (M&A) Activities

As part of HealthStream overall growth strategy, HealthStream has completed seven acquisitions. They acquired Providigm in January 2019, and they acquired substantially all the assets of CredentialMyDoc in December 2019. In March 2020, HealthStream acquired NurseGrid, in October 2020, ShiftWizard, and in December 2020, ANSOS as well as substantially all of the assets of myClinicalExchange. In January 2021, HealthStream acquired ComplyALIGN.

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 Overview

Ownership: - NASDAQ: HSTM

Number of Employees: 1037

Functional Markets: ERP Financial, ERP Services and Operations, HCM,

Key Verticals: Healthcare,

HealthStream Key Enterprise and Cloud Applications

HealthStream Cloud,

HealthStream Revenues, $M:

Type/Year20192020YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

HealthStream Revenue Breakdown By Type, $M:

TypeLicenseProf. ServicesHardwareSupport & MaintenanceSaaSPaaSIaaSOther (Non Enterprise Application Revenues)Total
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

HealthStream Revenues By Region, $M

Region% of Total Revenues2020 Total Revenues, $M2020 Enterprise Applications Revenues, $M2020 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

HealthStream Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

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 customer base includes more than 4,000 healthcare organizations (predominately acute-care facilities) and in 2018, 4.93 million healthcare professionals were subscribers to HealthStream's SaaS-based solutions throughout all 50 states.

In 2015, HealthStream added approximately 345,000 newly contracted subscribers to its platform and implemented approximately 329,000 new subscribers so, at December 31, it had approximately 4.62 million “total subscribers” to its subscription-based solutions. Among its customers are Baptist Health Care, Brookdale Senior Living, Tenet Healthcare Corporation, Catholic Health Initiatives, Community Health Systems, Inc., Lifepoint Hospitals, Inc., Ardent Health Services, Saint Luke’s Health System; HCA Holdings, Inc., Community Health Systems, Inc., McLaren Health Care Corporation, Sutter Health, and Tenet Healthcare Corporation.

HealthStream Market Opportunities, M&A and Geo Expansions

In March 2020, HealthStream announced that its Board of Directors has approved a new share repurchase program for the Company’s common stock, under which the Company may repurchase up to $30 million of outstanding shares of common stock. Pursuant to this authorization, repurchases may be made from time to time in the open market through privately negotiated transactions or otherwise, including under a Rule 10b5-1 plan, which permits shares to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws in accordance with specific prearranged terms related to timing, price, and volume (among others), without further direction from the Company. In addition, any repurchases under the authorization will be subject to prevailing market conditions, liquidity and cash flow considerations, applicable securities laws requirements (including under Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934, as applicable), and other factors. The share repurchase program will terminate on the earlier of March 12, 2021 or when the maximum dollar amount has been expended. The share repurchase program does not require the Company to acquire any amount of shares and may be suspended or discontinued at any time.

In November 2019, HealthStream Launches RepDirect in Partnership with AdvaMed and AORN to Provide Healthcare Industry Representatives a Certification Program for Achieving Compliance to Access Care Environments.

In September 2019, HealthStream a provider of workforce and provider solutions for the healthcare industry, its board of directors has appointed Scott A. Roberts as Chief Financial Officer (CFO) & Senior Vice President, effective immediately. Mr. Roberts had been serving as Interim CFO & Vice President of Accounting and Finance since his appointment to that position in February 2019.

In January 2018, HealthStream introduced "Verity, a HealthStream Company," it's newly formed company that combines its Echo and Morrisey businesses.

HealthStream Risks and Challenges

HealthStream has benefited from steady increases in IT spending among healthcare organizations in order to leverage the Cloud applications in order to stay in compliance with new regulations such as the Affordable Care Act. The issue is whether HealthStream can stay ahead of the competition with a differentiated offering that covers a range of business processes including HR, patient experience management and physician relations.

HealthStream Ecosystem, Partners, Resellers and SI

In October 2019, HealthStream and Medline made a new strategic alliance that will offer a range of workforce-development and quality improvement programs to help long-term care providers, including skilled nursing facilities, assisted living, and home health and hospice organizations, meet changing regulatory requirements in their state. As part of its ecosystem, HealthStream has over 100 healthcare industry partners, which include highly regarded professional medical and nursing associations as well as best-in-class content providers that offer courseware to address regulatory, clinical, and business learning needs. Its roster of distinguished partners among others includes: Precyse, Laerdal Medical, the Association of periOperative Registered Nurses, and the American Academy of Pediatrics.

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).


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