HealthcareSource Strengths, Domain Expertise, and Key Differentiators
HealthcareSource is a provider of talent management solutions for the healthcare industry. The HealthcareSource Quality Talent Suite helps healthcare organizations build a more Patient-Centered Workforce by selecting, aligning, continuously developing, and retaining highly-engaged people. The company’s cloud-based platform of software, content, services and analytics includes applicant tracking, reference checking, behavioral and skills-based competency assessments, compensation analysis, performance and learning management, eLearning courseware, education and advisory services.
HealthcareSource Recent Developments
In February 2019, HealthcareSource expanded its learning management suite of education and training resources to include the Resuscitation Quality Improvement program and HeartCode Basic Life Support, Advanced Cardiovascular Life Support, and Pediatric Advanced Life Support eLearning programs. The programs are co-developed by the American Heart Association and Laerdal Medical and implemented by RQI Partners LLC, a joint venture partnership between the two organizations.
In June 2018 HealthcareSource made a partnership with PayScale and choose PayScales' Compensation Data Management Platform to ensure healthcare organizations have the tools and information needed to recruit and retain the highest quality talent and to make faster and more precise talent and compensation decisions.
In May 2018 HealthcareSource launched the RN Cost-of-Vacancy Calculator, designed to enable Healthcare Organizations to measure the business impact of talent shortages.
HealthcareSource Mergers and acquisitions (M&A) Activities
In March 2017, HealthcareSource acquired Centricity Contingent Staffing, formerly API Healthcare's Clearview Staffing Software, from GE Healthcare, offering contingent staffing agencies a single solution to operate their entire business from onboarding to invoicing.
Later in November, the company acquired Vikus Corporation to meet the specific needs of senior care providers with its software-as-a-service (SaaS) solution designed to help attract, hire, and retain the best people for senior living and post-acute care.
HealthcareSource Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying HealthcareSource 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 HealthcareSource 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 HealthcareSource Quality Talent Suite, customers.
HealthcareSource Overview
Ownership: - x
Number of Employees: 230
Functional Market: Core HR, Payroll, Benefits Administration, Onboarding, Recruiting, Candidate Relationship Management, Applicant Tracking Systems, Performance and Goal Management, Learning and Development, Succession and Leadership Planning, Compensation Management,
Key Verticals: Healthcare,
HealthcareSource Key Cloud and HCM Applications
HealthcareSource Quality Talent Suite,
HealthcareSource HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2018 | 2019 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** 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.
HealthcareSource Revenue Breakdown by Type:
| Type | License | Services | Hardware | Support & Maintenance | SaaS |
|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
HealthcareSource HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % | 2019 HCM Revenues, By Sub-Functional Markets, $M | |
HealthcareSource HCM Applications Revenues By Verticals, $M:
HealthcareSource Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2019 Total Revenues, $M | 2019 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
HealthcareSource Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
HealthcareSource Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified HealthcareSource Customers
No. of HealthcareSource Customers: 3500
No. of HealthcareSource HCM Applications Customers: 3500
No. of HealthcareSource Cloud HCM Customers: 3500
No. of HealthcareSource Cloud HCM Subscribers: x
HealthcareSource provides a solution for more than 3500 clients across the country including East Tennessee Children's Hospital, CentraCare Health, Florida Hospital, Bethesda Health Group, Samaritan Health Services, Trinity Health, East Tennessee Children's Hospital, Daybreak Venture, Meadville Medical Center, Florida Presbyterian Homes, Pen Bay Healthcare, Houston Methodist, Franciscan Missionaries of Our Lady Health System, The Arbor Company Senior Living, Regency Retirement Community, Hugh Chatham Memorial Hospital, Morning Pointe Senior Living, ClearDay Healthcare Staffing, Maple Manor Christian Home, AHS PharmStat and others.
HealthcareSource Market Opportunities, M&A and Geo Expansions
In April 2020 HealthcareSource released its HealthcareSource Hiring System Express for small healthcare providers, typically under 500 employees, who need to establish an applicant tracking system quickly. HHS Express enables organizations to organize their hiring process, increase the speed of hiring, onboard new hires faster and ensure compliance.
HealthcareSource Risks and Challenges
In the past year, HealthcareSource made several changes in their leadership by appointing Michael Grossi as Chief Executive Officer, Sean Bridgeo as Chief Financial Officer and Richard Juknavorian as Chief Product Officer. This transition of leadership may lead to different strategy and goals.
HealthcareSource Ecosystem, Partners, Resellers and SI
In May 2020 HealthcareSource signed a partnership with Fusion Marketing Group, a full-service recruitment marketing agency that focuses solely on healthcare. The partnership represents two industry experts coming together to offer a first-of-its-kind solution, providing healthcare clients with recruitment marketing technology designed and managed by expert marketers. Together this offering makes their proven marketing strategies accessible to healthcare organizations across the country.
In June 2018, HealthcareSource has partnered with two of the healthcare education providers: Apex Innovations and Ed4Online Apex Innovations and Ed4Online — providing healthcare organizations premier education and training solutions that address the full continuum of care.
HealthcareSource NetLearning learning management system and the accompanying eLearning Library of online courseware are designed to engage learners throughout the entire health system, assisting organizations in addressing and monitoring compliance, certification, and licensure, as well as professional development. The expanded portfolio of learning courseware enables organizations to meet their staff's continuing education needs and improve employee retention rates through expanded career opportunities.
Ed4Online offers more than 500 online courses, covering the full continuum of care, through Ed4Training. Topic areas include post-acute, non-acute, and behavioural health. Health systems can use these courses to meet compliance requirements, upskill their staff, reduce training costs, improve retention rates, and impact the quality of care. As with all courseware in the HealthcareSource eLearning Library, these offerings will be fully integrated into the HealthcareSource NetLearning solution, allowing clients to immediately begin using their purchased content.
HealthcareSource developed business partnerships with software, services, and courseware providers in the healthcare human resources market, a preferred integration and certified integration partners such as Universal Background Screening, AccurateNow, AHIMA, American Heart Association, Apex Innovation, Ed4Online, Kronos, McKesson, Remedy eLearning, American Hospital Association, Katon Direct, Health Clix, Imprivata, Fusion Marketing Group and others.
HealthcareSource Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- HealthcareSource Public Cloud and Infrastructure (IaaS)
- HealthcareSource Platform (PaaS)
- HealthcareSource Application Delivery
- HealthcareSource 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:
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