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TheStreet Open House

Cornerstone OnDemand Expands Momentum In Healthcare As Leading Providers Shift To The Cloud

Stock quotes in this article: CSOD

Cornerstone OnDemand (NASDAQ: CSOD), a global leader in cloud-based talent management software solutions, today announced expanded presence in the healthcare industry, adding new clients such as UMass Memorial Health Care to a growing list of leading healthcare organizations such as Mount Sinai Hospital, New York Presbyterian Hospital, Sanford Health and WellSpan Health to help them address key workforce challenges.

For healthcare organizations, practitioners and administrative staff play critical roles in providing quality, consistent patient care, and ensuring patient safety and satisfaction. Faced with looming talent shortages in areas such as nursing and IT, coupled with increasingly stringent competency requirements and new governmental reimbursements based on patient surveys, more institutions are turning to Cornerstone to help them reengineer their strategies for recruiting, training and managing a highly skilled and compliant workforce.

“It’s not enough to hire skilled practitioners anymore. Creating an aligned employee experience is key to effectively responding to the rapid shifts in healthcare best practices, compliance and validation standards,” said Jason Corsello, vice president of corporate strategy and marketing for Cornerstone OnDemand. “The right approach to talent management can help healthcare organizations gain better insight into competency levels across the organization and ensure employees have access to the right training and resources for providing the very best patient care.”

The largest healthcare system in Central and Western Massachusetts and a clinical partner of the University of Massachusetts Medical School, UMass Memorial Health Care includes five hospitals as well as other health and community-based physician practices. The organization recently chose Cornerstone’s Learning Cloud and Performance Cloud in an effort to migrate from an outdated learning management system and manual, paper-based performance management processes.

“Through our investment in the Cornerstone system, we hope to significantly streamline our performance and development process, enabling our 13,500 employees to focus on providing the best care for our patients,” said Tod Wiesman, senior director of organizational and people development for UMass Memorial Health Care. “Not only are we confident that we have the right technology solution that will allow us to further our organizational goals, we also appreciate how Cornerstone is truly partnering with us to deliver solutions that address changing industry requirements and practitioner needs.”

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