HealthStream Inc. Strengths, Domain Expertise, and Key Differentiators
HealthStream provides Internet-based learning, talent management, and research solutions for healthcare organizations to meet their complex human capital management requirements. In addition to HR offerings, HealthStream packages data on patients’ experiences, workforce engagement, physician relations, and community perceptions of their healthcare providers.
HealthStream Inc. Recent Developments
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 Inc. Mergers and acquisitions (M&A) Activities
VerityStream, a subsidiary of HealthStream, acquired CredentialMyDoc, a Savannah, Georgia-based business owned by Covenant Technology Group, LLC. VerityStream adds more than 300 clients through the transaction, boosting its client base of multi-specialty medical groups, ambulatory surgery centers, clinics, and federally qualified health centers (FQHCs), among others.
In January 2019, HealthStream acquired Providigm LLC, a Denver-based company focused on quality assurance and performance improvement in healthcare, primarily serving skilled nursing facilities. HealthStream adds to its workforce development solutions with a comprehensive quality management system created by Providigm, known as “abaqis,” which is the leading SaaS-based quality-improvement program adopted by U.S. skilled nursing facilities.
HealthStream Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying HealthStream Inc. 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 Inc. 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 Inc. Overview
Ownership: - NASDAQ: HSTM
Number of Employees: 930
Key Verticals: Healthcare,
HealthStream Inc. Key Cloud and HCM Applications
HealthStream Inc. HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2018||2019||YoY Growth, %|
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|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.
HealthStream Inc. Revenue Breakdown by Type:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
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HealthStream Inc. HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2019 HCM Revenues, By Sub-Functional Markets, $M
HealthStream Inc. HCM Applications Revenues By Verticals, $M:
HealthStream Inc. Total and HCM Applications Revenues by Region:
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HealthStream Inc. Direct vs Indirect sales
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HealthStream Inc. Customers - Breakdown by Geo, Size, Vertical and Product
No. of HealthStream Inc. Customers: 4000
No. of HealthStream Inc. HCM Applications Customers: x
No. of HealthStream Inc. Cloud HCM Customers: x
No. of HealthStream Inc. Cloud HCM Subscribers: 4930000
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 Inc. Market Opportunities, M&A and Geo Expansions
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 Inc. 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 Inc. 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 Inc. Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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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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