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HealthStream Inc (NASDAQ: HSTM) is a leading provider of workforce and provider solutions designed specifically for healthcare organizations. With thousands of healthcare providers, including half of U.S. hospitals, partnering with HealthStream, the company stands at the forefront of efforts to improve clinical and business outcomes in the healthcare sector. In an era characterized by healthcare reform, meaningful use, and value-based purchasing, HealthStream is pivotal in addressing industry challenges through innovative learning and development solutions.
The company's operations are segmented into two primary categories: Workforce Solutions and Provider Solutions. Workforce Solutions encompass SaaS, subscription-based products aimed at workforce development within healthcare organizations. This segment includes online training, performance assessments, and compliance tracking, all of which are crucial for maintaining high standards of patient care.
On the other hand, Provider Solutions offer software applications that assist healthcare organizations in managing provider credentialing, privileging, call center operations, and enrollment activities. These solutions ensure that healthcare providers are properly credentialed and their activities are efficiently monitored and managed.
HealthStream's vision is clear: to improve the quality of healthcare by assessing and developing the people who deliver care. The company's commitment to this vision is reflected in its continuous efforts to innovate and expand its product offerings. Recent achievements include new partnerships with leading healthcare organizations, the launch of advanced software applications, and significant improvements in their existing product lines.
Financially, HealthStream generates the majority of its revenue from subscription services, which highlights the recurring nature and reliability of its income streams. This financial stability allows the company to reinvest in research and development, further enhancing its product portfolio and maintaining its competitive edge in the market.
As of the latest news, HealthStream is actively engaged in numerous projects aimed at enhancing healthcare outcomes through advanced technology and education. The company's efforts are not just about adaptation but also about leading the transformation in healthcare through continuous learning and development.
HealthStream (Nasdaq: HSTM) has appointed Terry Allison Rappuhn to its Board of Directors, effective immediately. Rappuhn will also serve on the Audit Committee. She brings extensive experience from her roles on six public company boards, focusing on healthcare providers, with a strong background in finance and cybersecurity governance. Rappuhn’s previous positions include serving as Chief Financial Officer at Quorum Health Group and a Certified Public Accountant at Ernst & Young. Her expertise is expected to enhance HealthStream’s financial oversight and governance.
HealthStream (NASDAQ: HSTM) has announced a significant stock contribution from CEO Robert A. Frist, Jr., amounting to approximately $2.25 million worth of shares. Frist donated 86,494 shares to benefit over 1,000 employees who have not previously participated in equity programs. This grant, effective immediately, will incur a compensation expense of about $2.25 million and an additional $185,000 for related administrative costs, impacting the company’s Q4 2021 financials. Importantly, this transaction will not dilute existing shareholders' shares, except Mr. Frist's.
HealthStream (NASDAQ: HSTM) has acquired substantially all assets of Rievent Technologies for approximately
The integration of Rievent into the hStream platform is expected to enhance data utilization across applications, benefiting users.
HealthStream (Nasdaq: HSTM) has announced a new share repurchase program, allowing for the buyback of up to $20 million of its outstanding common stock. This initiative aims to enhance shareholder value by potentially increasing earnings per share (EPS). Repurchases will be conducted in the open market, following specific regulations, and may be influenced by market conditions. The program will terminate on November 29, 2022, or when the allocated funds are fully utilized. The plan does not obligate the company to purchase any specific number of shares.
HealthStream (Nasdaq: HSTM) reported third-quarter 2021 revenues of $64.1 million, a 5% increase from $60.9 million in Q3 2020, despite a $9.2 million decline in legacy resuscitation revenues. Operating income dropped 43% to $1.8 million, while net income also decreased 43% to $1.5 million, with EPS at $0.05, down from $0.08. Adjusted EBITDA rose 12% to $12.5 million. The company updated its 2021 guidance, projecting consolidated revenues between $255.5 - $257.5 million and adjusted EBITDA of $51.0 - $53.0 million. Cash and equivalents were reported at $60.6 million.
HealthStream, Inc. (NASDAQ: HSTM) will announce its third quarter 2021 financial results on October 25, 2021, after market close. A conference call to discuss these results is scheduled for October 26, 2021, at 9:00 AM ET. Investors can listen in by dialing 877-647-2842 (U.S.) or 914-495-8564 (international). The company focuses on workforce development and solutions for healthcare organizations, emphasizing enhanced patient outcomes and employee training.
HealthStream, Inc. (Nasdaq: HSTM) reported second-quarter 2021 revenues of $64.8 million, a 7% increase from $60.6 million in the same quarter of 2020. Operating income decreased 20% to $3.4 million and net income fell 29% to $2.4 million, leading to EPS of $0.08 compared to $0.11 in Q2 2020. Despite a $9.7 million decline in legacy resuscitation revenues, growth in workforce and provider solutions offset losses. Adjusted EBITDA increased 20% to $14.5 million. The company anticipates total revenue for 2021 between $253 million and $257 million.
HealthStream, Inc. (Nasdaq: HSTM) announced a conference call to discuss its second quarter 2021 financial results on July 27, 2021, at 9:00 a.m. ET. The results will be released post-market on July 26, 2021. The call is accessible via phone at 877-647-2842 for U.S. participants and 914-495-8564 for international callers, with a live audio webcast available on their investor relations site.
HealthStream specializes in healthcare workforce solutions, aimed at enhancing patient outcomes through training and development.
HealthStream (Nasdaq: HSTM) announced a five-year agreement with Prime Healthcare to implement the American Red Cross Resuscitation Suite program across its 46 hospitals and over 300 outpatient locations. This program aims to enhance CPR training and certification for nearly 50,000 employees, promoting improved patient outcomes. The program includes adaptive learning and simulations, aligning with ILCOR guidelines. HealthStream's CEO expressed confidence in the partnership's potential to elevate healthcare quality, reaffirming the company’s commitment to workforce development.
HealthStream, Inc. (HSTM) reported Q1 2021 revenues of $63.5 million, a 3% increase from Q1 2020's $61.6 million. However, operating income fell 54% to $3.3 million, and net income dropped 68% to $2.3 million, primarily due to a $3.4 million prior year adjustment. EPS declined to $0.07 from $0.22. Adjusted EBITDA rose 14% to $13.6 million. The company completed the <$2 million> acquisition of ComplyALIGN in January 2021 and anticipates 2021 revenue guidance between $245 million and $255 million.
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