Local health IT players collaborating
Posted on November 10, 2009 at 1:25 pmHealthStream and onFocus Healthcare have teamed up to jointly offer their services, which combine their learning and performance improvement software offerings. Or, in jargonese:
Using the Improvement Center, hospital leaders charged with improving outcomes can easily collaborate with their employees in real-time to effectively manage progress toward achieving their goals to improve HCAHPS scores, employee engagement, physician satisfaction, and a variety of other business and clinical outcomes.
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Shmerling adds to HealthStream stake
Posted on November 5, 2009 at 8:32 am
Nashville entrepreneur and HealthStream director Mike Shmerling this week boosted his stake in the online health educaton provider by almost 10 percent. Shmering now owns almost 0.6 percent of all HealthStream shares (Ticker: HSTM), which have risen more than 90 percent this year.
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Analyst: HealthStream should think about selling division
Posted on September 11, 2009 at 6:58 amVenture Nashville recently caught up with Noble Financial analyst Vince Colicchio to get his thoughts on HealthStream. Collichio rates the thinly traded stock (Ticker: HSTM) a ‘buy,’ but nevertheless says he would like Bobby Frist’s company a lot better as a pure education play.
“Just because I think the research business will see relatively good growth doesn’t mean that selling the business isn’t a good strategy.”
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A big Wednesday buyer for HealthStream
Posted on August 27, 2009 at 7:18 am
Shares of online health education company HealthStream (Ticker: HSTM) saw some unusual price action yesterday, jumping more than 11 percent on volume that was six times their daily average. Such movements can often signal that a strategic investor is stepping in big time.
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HealthStream ups ‘09 guidance in 2Q earnings
Posted on July 27, 2009 at 7:59 pmYesterday, health care e-learning company reported its second-quarter earnings for fiscal 2009. The company (Ticker: HSTM) more than doubled its net income turning in $1.7 million up from $739,000 in the same quarter of 2008. Revenue, too, jumped 12 percent to $14.6 million.
Guidance for the full fiscal year ’09 was also upped from between 14 and 18 cents to between 16 and 19 cents. Of the jump in guidance, the company said:
Income will increase 50 percent to 80 percent for the full year of 2009 versus our 2008 results. Net income, before the impact of any potential future realized income tax benefit resulting from reduction of our income tax valuation allowance in 2009 is expected to grow by 35 percent to 60 percent over 2008 net income before our $375,000 income tax benefit.
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In the top third
Posted on July 21, 2009 at 11:34 amHealth care learning outfit HealthStream ranked #33 on Fortune Small Business‘ precisely named “America’s 100 Fastest Growing Small Public Companies.”
According to FORTUNE Small Business: “The FSB 100 constitutes an elite group of small public companies: the best of the best, measured by revenue growth and stock performance over the past three years. But in this Great Recession, their performance is nothing short of miraculous.”
HealthStream was the only Tennessee company to make the list.
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HealthStream makes the top 100
Posted on July 14, 2009 at 10:02 amLocal health care learning company HealthStream has come in at number 54 in the Healthcare Informatics 100, climbing seven spots in this year’s ranking.
The 16 th annual listing, published in Healthcare Informatics, ranks both public and private healthcare IT companies based on the previous year’s performance. HealthStream’s 2008 revenues grew 17 percent over the previous year to $51.6 million. Concurrently in 2008, approximately 190,000 new subscribers were implemented to use the Company’s learning platform, the HealthStream Learning Center®, bringing the network of contracted users to approximately 1.9 million—or approximately 38 percent of the acute-care hospital market.
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Integrating new options
Posted on July 1, 2009 at 9:59 amHealthStream announced today that it has partnered with Lippincott Williams & Wilkins to integrate that company’s Lippincott’s Nursing Procedures and Skills as an option into its own learning platform.
Lippincott’s Nursing Procedures and Skills includes over 900 procedures for nurses formulated on recent evidence-based standards of patient care. Each of these procedures can now be offered as a course through HealthStream’s learning platform, which includes an assessment that is required to complete the course. Delivered as courses, this content can be utilized by healthcare organizations as an important component of their competency evaluation process that is required by The Joint Commission. Importantly, Lippincott’s Nursing Procedures and Skills was authored by practicing nurses for nurses and is regularly reviewed and updated to ensure currency.
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Smaller tax benefit lowers HealthStream profits
Posted on February 25, 2009 at 10:38 pmHealth care education company HealthStream (Ticker: HSTM) earned $1.4 million last quarter on revenues of $13.5 million. Those numbers are down 50 percent and up 13 percent, respectively, from the year before. The biggest factor was a drop in the company’s tax benefit, which fell from $2.0 million in late 2007 to about $300,000. Operating profits were up 29 percent.
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