HealthStream (Nasdaq: HSTM) is a leading provider of workforce and provider solutions for the healthcare industry. The company offers a unified suite of applications and platform services to support workforce development, training, learning management, nurse and staff scheduling, clinical education, credentialing, privileging, provider enrollment, and performance assessment. HealthStream's solutions empower healthcare organizations to develop and engage their workforce, leading to improved patient outcomes.
The hStream platform is HealthStream's emerging technology platform that powers integration and activity across the company's ecosystem. It provides a collection of shared services, applications, and APIs that enable connectivity and interoperability between HealthStream solutions and third-party applications. In November 2022, HealthStream launched the hStream Developer Portal, allowing customers and partners to access the platform's modern, scalable architecture through APIs.
HealthStream's offerings include the HealthStream Learning Center, a web-based learning management system for regulatory compliance training and workforce education. The company also provides applications for credentialing, privileging, and provider enrollment, as well as solutions for simulation-based education programs. In January 2023, HealthStream acquired eeds, a continuing education management system for healthcare organizations, expanding its ecosystem in this specialty area.
HealthStream generates revenue through subscription-based and professional services models. The company reported revenues of USD 279.1 million in 2023, a 5% increase from the previous year. As of December 2023, HealthStream had approximately 5.79 million contracted subscriptions to its hStream platform.
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