Business Services Industry
HealthStream Selected to Provide Enterprise Learning Solutions for Resurrection Health Care
Business Wire, Oct 11, 2006
NASHVILLE, Tenn. -- HealthStream, Inc. (NASDAQ: HSTM), a leading provider of learning solutions for the healthcare industry, today announced that it has been selected by Chicago-based Resurrection Health Care to deliver online training through HealthStream's Internet-based learning system to their 15,000 employees over a four-year period. The HealthStream Learning Center[TM], HealthStream's online learning platform, is expected to be rolled out during the fourth quarter of this year to Resurrection Health's eight hospitals. HealthStream's Authoring Center[TM] will also be provided, empowering Resurrection Health Care managers to author online courses.
Recognized as a premier health care system in the Chicago-area, Resurrection Health Care's launch of online learning further supports their commitment to educational excellence and professional development for their personnel. Along with the HealthStream Learning Center[TM], Resurrection Health Care also purchased an AccessPass[TM] packageCowhich enables the distribution of additional clinical and professional courseware to their hospital facilities as they are needed over the four-year agreement.
"Our rigorous evaluation required us to choose a learning partner that has an extensive knowledge of the hospital environment, the professional training needs of our employees, and the breadth of experience to provide system-wide service. Without question, HealthStream was our first choice," commented George Chessum, senior vice president and chief information officer, Resurrection Health Care.
Resurrection Health Care has an expansive and long-standing commitment to education. The Resurrection Learning Institute offers a basic Certified Nurse Assistant Program, a variety of residency programs, a wide range of continuing education offerings, and an active community education service. In addition, the West Suburban College of Nursing and the Saint Francis School of Radiography are educational institutions within Resurrection Health Care.
"We welcome Resurrection Health Care to HealthStream's nationwide community of hospital customers," said Robert A. Frist, Jr., chief executive officer, HealthStream. "It is gratifying to have a healthcare system with such a firm commitment to the professional development of its employees select us as their learning partner."
About HealthStream
HealthStream (NASDAQ: HSTM) is a leading provider of learning solutions for the healthcare industry. Approximately 1,377,000 contracted healthcare professionals have selected the Internet-based HealthStream Learning Center[TM], HealthStream's learning platform. The Company's learning products and services are used by healthcare organizations to meet the full range of their training needs, including training and assessment. Once subscribed to the HealthStream Learning Center[TM], customers benefit from increased compliance, reduced risks, and improved learning effectiveness. In addition, HealthStream has pioneered a new collaboration with pharmaceutical and medical device companies to assist them in product launch and market education initiatives within the Company's nationwide network of hospital customers. (www.healthstream.com)
This press release contains forward-looking statements that involve risks and uncertainties regarding HealthStream. Investors are cautioned that such results or events predicted in these statements may differ materially from actual future events or results. This information has been, or in the future may be, 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. The Company's preliminary financial results, while presented with numerical specificity, are forward-looking statements which are based on a variety of assumptions regarding the Company's operating performance that may not be realized, and which are subject to significant uncertainties and potential contingencies associated with the Company's financial and accounting procedures and other matters referenced from time to time in the Company's filings with the Securities and Exchange Commission. Consequently, such forward-looking information should not be regarded as a representation or warranty by the Company that such projections will be realized.
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