HealthStream Announces Three Innovations for Privileging, Health Plan Credentialing, and Provider Data Management
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 (Nasdaq: HSTM) ha presentato nuove innovazioni per la sua soluzione CredentialStream® durante la Conferenza NAMSS 2024. Gli annunci principali includono:
1. Un brevetto per la Soluzione Privilegi di CredentialStream, che presenta una libreria di privilegi curata e logica intelligente per automatizzare le valutazioni delle qualifiche.
2. Network by HealthStream™, una soluzione fluida per i dati per i piani sanitari, che automatizza il processo di accreditamento dei pagatori e processi correlati.
3. OneClick Verisys, un servizio di Organizzazione di Verifica Credenziali (CVO) abilitato dalla tecnologia in collaborazione con Verisys.
4. Nuovi vantaggi per il pacchetto hStream per l'accreditamento, inclusi integrazione del Portafoglio dei Fornitori e MyLearning.
Queste innovazioni mirano ad accelerare il tempo per il ricavo, validare rapidamente le credenziali e migliorare l'esperienza del fornitore in vari processi sanitari.
HealthStream (Nasdaq: HSTM) presentó nuevas innovaciones para su solución CredentialStream® en la Conferencia NAMSS 2024. Los anuncios clave incluyen:
1. Una patente para la Solución de Privilegios de CredentialStream, que cuenta con una biblioteca de privilegios seleccionada y lógica inteligente para automatizar las evaluaciones de calificación.
2. Network by HealthStream™, una solución orientada a datos para planes de salud, que automatiza el proceso de acreditación de pagadores y procesos relacionados.
3. OneClick Verisys, un servicio de Organización de Verificación de Credenciales (CVO) habilitado por tecnología en colaboración con Verisys.
4. Nuevos beneficios para el paquete hStream para la acreditación, que incluyen la integración del Portafolio de Proveedores y MyLearning.
Estas innovaciones buscan acelerar el tiempo para generar ingresos, validar credenciales rápidamente y mejorar la experiencia del proveedor en varios procesos de atención médica.
HealthStream (Nasdaq: HSTM)는 NAMSS 2024 회의에서 CredentialStream® 솔루션에 대한 새로운 혁신을 발표했습니다. 주요 발표 내용은 다음과 같습니다:
1. 자격 평가 자동화를 위한 큐레이션된 권한 라이브러리와 스마트 로직을 특징으로 하는 CredentialStream의 권한 솔루션에 대한 특허.
2. HealthStream™의 Network, 지불자 자격 인증 및 관련 프로세스를 자동화하는 데이터 중심 솔루션.
3. Verisys와 협력하여 제공되는 기술 기반 자격 확인 기관(CVO) 서비스 OneClick Verisys.
4. 제공자 포트폴리오 및 MyLearning 통합을 포함한 Credentialing 패키지의 hStream에 대한 새로운 혜택.
이러한 혁신은 수익 창출 시간을 단축하고 자격을 신속하게 검증하며 다양한 의료 프로세스에서 제공자 경험을 향상시키는 것을 목표로 합니다.
HealthStream (Nasdaq: HSTM) a dévoilé de nouvelles innovations pour sa solution CredentialStream® lors de la Conférence NAMSS 2024. Les annonces clés incluent :
1. Un brevet pour la Solution de Privilèges de CredentialStream, comprenant une bibliothèque de privilèges soigneusement sélectionnée et une logique intelligente pour automatiser les évaluations de qualification.
2. Network by HealthStream™, une solution orientée sur les données pour les régimes de santé, automatisant l'accréditation des payeurs et les processus connexes.
3. OneClick Verisys, un service de Organisation de Vérification de Certificats (CVO) soutenu par la technologie en partenariat avec Verisys.
4. De nouveaux avantages pour le package hStream pour l'accréditation, y compris l'intégration du Portefeuille des Fournisseurs et de MyLearning.
Ces innovations visent à accélérer le temps nécessaire pour générer des revenus, valider rapidement les certifications et améliorer l'expérience des fournisseurs à travers divers processus de soins de santé.
HealthStream (Nasdaq: HSTM) hat auf der NAMSS 2024 Konferenz neue Innovationen für seine Lösung CredentialStream® vorgestellt. Zu den wichtigsten Ankündigungen gehören:
1. Ein Patent für die Berechtigungs-Lösung von CredentialStream, das eine kuratierte Berechtigungsbibliothek und intelligente Logik zur Automatisierung der Qualifikationsbewertungen bietet.
2. Network by HealthStream™, eine datengestützte Lösung für Krankenversicherungen, die das Credentialing der Zahlenden und verwandte Prozesse automatisiert.
3. OneClick Verisys, ein technikgestützter Dienst einer Credentials Verification Organization (CVO) in Partnerschaft mit Verisys.
4. Neue Vorteile für das hStream-Paket für Credentialing, einschließlich der Integration von Provider Portfolio und MyLearning.
Diese Innovationen zielen darauf ab, die Zeit bis zum Umsatz zu verkürzen, die Qualifikationen schnell zu validieren und die Erfahrung der Anbieter in verschiedenen Gesundheitsprozessen zu verbessern.
- Patent granted for CredentialStream's Privilege Solution, enhancing market position
- Launch of Network by HealthStream™ for health plans, potentially expanding market reach
- Partnership with Verisys for OneClick Verisys CVO service
- Introduction of Provider Portfolio for pre-validated credentials
- Integration of MyLearning with CredentialStream, streamlining provider onboarding
- None.
Insights
HealthStream's latest innovations in credentialing and privileging solutions demonstrate a significant leap forward in healthcare workforce management. The patent for CredentialStream's Privilege Solution highlights its unique position in the market, offering automated evaluation of qualifications and online review functionality. This could potentially streamline the often complex and time-consuming privileging process for healthcare organizations.
The introduction of Network by HealthStream™ for health plans is particularly noteworthy. By automating payer credentialing and offering continuous data updates, it addresses critical pain points in network management and regulatory compliance. The partnership with Verisys for OneClick Verisys CVO service adds another layer of efficiency, potentially reducing administrative burdens for health plans.
The enhancements to the hStream platform, including the Provider Portfolio and MyLearning features, show HealthStream's focus on creating an integrated ecosystem for healthcare workforce management. These additions could significantly improve provider onboarding and ongoing compliance management, which are important for healthcare organizations to maintain quality standards and regulatory adherence.
While these innovations position HealthStream well in the competitive healthcare technology market, their actual impact will depend on adoption rates and successful implementation by healthcare organizations and health plans. Investors should monitor customer acquisition and retention metrics in the coming quarters to gauge the market reception of these new offerings.
Patent earned for leading privilege solution while Network by HealthStream™ for health plans and expanded capabilities in the hStream platform are introduced
“We are proud to announce these new credentialing, privileging, and enrollment innovations,” said Michael J. Sousa, Executive Vice President of Enterprise Applications at HealthStream. “Collectively, these new capabilities will enable our clients to accelerate time to revenue, rapidly validate credentials, and boost the provider experience.”
Key announcements include:
- CredentialStream's Privilege Solution Receives Patent: HealthStream’s innovative solution for healthcare provider privileging earned a patent in August 2024. This solution is unique in the industry with its curated privileging library; smart logic that automates the evaluation of qualifications, credentials, and competencies; online reviewers’ functionality to analyze, discuss, and grant privileges; and national, proprietary benchmarks—among other differentiating capabilities and features.
- Network by HealthStream™ and Verisys Partnership: Designed and built specifically for health plans, Network by HealthStream delivers a data-fluent solution to stream continuously updated practitioner data across the health plan enterprise. Network by HealthStream automates payer credentialing, regulatory compliance, network adequacy checks, provider directory updates, and contract management. These unique capabilities enable clients to streamline operations, accelerate network growth, and enhance the member experience. In collaboration with Verisys Corporation, HealthStream is also introducing OneClick Verisys, the first tech-enabled Credentials Verification Organization (CVO) service. For health plans that adopt Network by HealthStream, they can now fully or partially outsource CVO processing with a single click, providing both the convenience of an outsourced service and the power of a digital practitioner record.
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New Benefits to HealthStream’s hStream for Credentialing Package: Clients’ selection of HealthStream’s CredentialStream application is provided to them via the hStream platform through an hStream for Credentialing package. Many benefits accompany this package—including the following two new benefits.
- Provider Portfolio: This unique solution offers a pre-validated, mobile wallet of credentials for every licensed provider in the nation. When implemented in the coming months, a provider will be able to submit a claimed Provider Portfolio to any CredentialStream client during the application process. Further, Provider Portfolio will automatically receive updates from other HealthStream applications, including the HealthStream Learning Center (HLC), CME applications, and more. CME Alerts will be generated based on the provider’s license(s) when a state has mandated a specific course. Providers will then be able to elect to purchase and complete the required course with completion data and the applicable certificate instantly populating the Provider Portfolio.
- MyLearning: For organizations utilizing CredentialStream and the HLC, assigned courses for providers can automatically appear within the CredentialStream Hub. For example, HealthStream now offers two premier compliance courses for providers: (1) Onboarding for New Providers and (2) Annual Training for Providers. These courses are curated to fulfill virtually all compliance requirements in a single “Rapid Regulatory” course. Upon assignment in the HLC, these courses are automatically presented to the provider along with other onboarding tasks, such as credentialing, privileging, and enrollment. Completion data and the applicable certificate will automatically populate CredentialStream and the Provider Portfolio. Similarly, EMR training can be assigned in the HLC, appear in CredentialStream, and streamline the EMR provisioning process.
“We’re excited to showcase these industry-leading capabilities at NAMSS 2024,” said Sousa. “We believe that accelerating the onboarding process for providers—including a myriad of tasks across medical staff credentialing, privileging, enrollment, health plan credentialing, compliance training, EMR provisioning, CME management, and provider evaluation—can best be achieved with a single application that automates all of these tasks and delivers a one-stop for providers.”
HealthStream is presenting these groundbreaking innovations alongside its other premier products at NAMSS24 in
About HealthStream
HealthStream (Nasdaq: HSTM) is the healthcare industry’s largest ecosystem of platform-delivered workforce solutions that empowers healthcare professionals to do what they do best: deliver excellence in patient care. For more information, visit http://www.healthstream.com or call 800-521-0574.
This press release contains forward-looking statements that involve risks and uncertainties regarding HealthStream. This information has been included in reliance on the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such results or events predicted in these statements may differ materially from actual future events or results. These forward-looking statements are based on a variety of assumptions that may not be realized, and which are subject to significant risks and uncertainties, including that the anticipated financial and strategic benefits of the acquisition may not be realized, as well as risks and uncertainties referenced from time to time in the Company’s filings with the Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240930228220/en/
Mollie Condra, Ph.D.
Vice President,
Investor Relations &
Communications
HealthStream
(615)-301-3237
mollie.condra@healthstream.com
Source: HealthStream
FAQ
What new innovations did HealthStream (HSTM) announce at NAMSS 2024?
How does HealthStream's (HSTM) new Provider Portfolio benefit healthcare providers?
What is Network by HealthStream™ and how does it benefit health plans?
What is the significance of HealthStream (HSTM) receiving a patent for its CredentialStream Privilege Solution?
