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HealthStream, Inc. (HSTM) delivers essential workforce development solutions and provider management tools for healthcare organizations through its SaaS platforms. This page consolidates official announcements and strategic updates impacting clinical training programs and administrative efficiency in the healthcare sector.
Investors and healthcare administrators will find timely updates on product enhancements, regulatory compliance features, and partnership developments. Key areas covered: quarterly earnings insights, credentialing automation advancements, learning management system updates, and leadership changes affecting healthcare operations.
Bookmark this resource for structured access to HealthStream's evolving solutions that address critical needs in healthcare education and provider management. Regular updates ensure you stay informed about technologies shaping workforce competency and administrative workflows in medical institutions.
HealthStream (HSTM) has launched its new HealthStream Learning Experience™ (HLX) application, a modern healthcare-specific learning platform that offers personalized, self-directed learning pathways. The platform integrates with HealthStream's Learning Center® and Competency Suite™, utilizing AI and large language models to create engaging learning experiences and smart content recommendations.
Three large healthcare organizations have already chosen HLX as their employee development platform. The application supports various learning modalities including online blogs, articles, videos, social learning, virtual reality, and podcasts, while maintaining necessary compliance in healthcare's regulated environment.
The platform aims to enhance employee engagement, retention, and workforce upskilling, particularly supporting strategic initiatives like cross-training medical-surgical nurses to critical care roles. HLX leverages the company's hStream platform to aggregate user accomplishments and interactions for personalized learning experiences.
HealthStream (HSTM) has acquired two clinical rotation management businesses: Total Clinical Placement System (TCPS) and The Clinical Hub for up to $1.65 million and $600,000 in cash respectively, subject to earnout achievements. Combined with HealthStream's existing myClinicalExchange™ platform, these acquisitions expand the company's capabilities in managing clinical rotations for nursing and allied healthcare students. The myClinicalExchange application has already facilitated over 285,000 clinical rotations this year. These acquisitions will enhance HealthStream's geographic coverage in Tennessee, surrounding states, and Oklahoma, improving clinical placement options for hospitals, schools, and students.
HealthStream (Nasdaq: HSTM) announced strong financial results for Q3 2024. Key highlights include:
- Revenues increased 3.9% to $73.1 million
- Operating income up 33.6% to $6.5 million
- Net income grew 48% to $5.7 million
- EPS rose to $0.19 per share
- Adjusted EBITDA increased 9% to $17.7 million
The company updated its 2024 guidance, projecting revenue of $290-$292 million and net income of $18.5-$19.5 million. HealthStream's CEO highlighted the benefits of their innovative platform strategy, which is driving increased value for customers and shareholders. The Board declared a quarterly cash dividend of $0.028 per share, payable on November 15, 2024.
HealthStream, Inc. (Nasdaq: HSTM), a leading healthcare technology platform for workforce solutions, has announced its upcoming third quarter 2024 earnings conference call. The call is scheduled for Tuesday, October 22, 2024, at 9:00 a.m. Eastern Time. Financial results for the quarter ending September 30, 2024, will be released after market close on Monday, October 21, 2024.
Participants can join the conference call via webcast or telephone. Those opting for telephone participation must register in advance and will receive confirmation details, including a unique passcode and registrant ID. All participants are advised to dial in 15 minutes before the start time. A replay of the call and webcast will be available on the company's website for at least 30 days following the event.
HealthStream (Nasdaq: HSTM) unveiled new innovations for its CredentialStream® solution at the NAMSS 2024 Conference. Key announcements include:
1. A patent for CredentialStream's Privilege Solution, featuring a curated privileging library and smart logic for automating qualification evaluations.
2. Network by HealthStream™, a data-fluent solution for health plans, automating payer credentialing and related processes.
3. OneClick Verisys, a tech-enabled Credentials Verification Organization (CVO) service in partnership with Verisys
4. New benefits to the hStream for Credentialing package, including Provider Portfolio and MyLearning integration.
These innovations aim to accelerate time to revenue, validate credentials rapidly, and enhance the provider experience across various healthcare processes.
HealthStream (HSTM) reported Q2 2024 results with revenues of $71.6 million, up 3.4% year-over-year. Operating income increased 10.1% to $4.4 million, while net income rose 0.8% to $4.2 million. Earnings per share improved to $0.14 from $0.13 in Q2 2023. Adjusted EBITDA grew 3.3% to $15.8 million.
The company faced a $1.0 million charge due to a customer bankruptcy, impacting various financial metrics. HealthStream declared a quarterly dividend of $0.028 per share. For the full year 2024, the company projects revenue between $292.0-$296.0 million and adjusted EBITDA of $64.5-$67.5 million.
HealthStream (Nasdaq: HSTM), a leading healthcare technology platform for workforce solutions, has announced its upcoming second quarter 2024 earnings conference call. The call is scheduled for Tuesday, July 23rd, 2024, at 9:00 a.m. Eastern Time. Financial results for the quarter ending June 30th, 2024, will be released after market close on Monday, July 22nd, 2024.
Participants can join the conference call via webcast or telephone. Those opting for telephone access must register in advance and will receive confirmation details including a unique passcode and registrant ID. All participants are advised to dial in 15 minutes before the start time. A replay of the conference call and webcast will be available on the company's website for at least 30 days after the event.
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