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New Milestone Achieved: Three Million Subscribers Implemented On The HealthStream Learning Center™

Stocks in this article: HSTM

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.”

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