HealthStream (Nasdaq: HSTM) is dedicated to improving patient outcomes through the development of healthcare organizations’ greatest asset: their people.
for approximately $32.0 million in cash, subject to working capital and other customary purchase price adjustments. These capabilities are particularly important in the current COVID-19 environment with hospitals’ heavy patient loads-where the ability to effectively reallocate staff across the organization is critical in meeting patient-care demands.” Using ShiftWizard, healthcare organizations can make informed, data-driven staffing decisions to effortlessly maximize resources. “We are excited to add ShiftWizard’s impressive scheduling application to our workforce solutions. Frist, Jr., Chief Executive Officer, HealthStream. “I would like to extend a warm welcome to ShiftWizard’s customers and employees,” said Robert A. Moreover, we believe the complementary positioning of ShiftWizard and NurseGrid will enable integrations that will yield even smarter schedule management and enhanced nurse engagement. Adding ShiftWizard to HealthStream’s offerings affords HealthStream even greater reach to the healthcare workforce-across both the organizational and individual levels. As the #1-rated app for nurses, NurseGrid helps hundreds of thousands of nurses coordinate their work schedule and non-work activities. HealthStream’s addition of ShiftWizard expands its growing portfolio of solutions for nurse and staff scheduling, which began earlier in 2020 with the acquisition of NurseGrid. “This is a great development for both companies healthcare organizations that use their solutions will benefit.” “Healthcare companies that combine the best in innovation, leadership, and quality to customers tend to rise to the top and perform the best-and those are all qualities well demonstrated by both HealthStream and ShiftWizard,” said Landon Gibbs, Managing Partner of Altitude Ventures, lead investor of ShiftWizard. Our customers will benefit from expanded opportunities as part of HealthStream while continuing to receive outstanding support and service from the same ShiftWizard team.”
Contributing to this selection was ShiftWizard’s emphasis on its highly rated user experience for nurses and staff.ĭeb Woods, Chief Executive Officer, ShiftWizard, commented, “The ShiftWizard solution helps healthcare organizations ensure that the appropriate level of staffing with the right skillsets to address patient needs is achieved, while saving time in developing schedules and reducing costs to the healthcare provider.
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Based on these core capabilities, KLAS named ShiftWizard its Category Leader among scheduling applications in its acclaimed “2020 Best in KLAS Software and Services” report. “Our success in doing that is reflected in a 97 percent retention rate among our customers that includes a staff buy-in and adoption rate of over 85 percent, the highest in the industry according to KLAS.”Īs a leading nurse and staff scheduling solution, ShiftWizard helps healthcare organizations maximize staff availability, minimize cost, and ensure that caregivers are properly matched to patient needs. “Since ShiftWizard’s launch in 2007 as the first 100% web-based, healthcare-focused scheduling solution in the market, our mission has remained on revolutionizing the way healthcare organizations manage and communicate with their workforce,” said Christian Pardue, RN, Co-founder & Chief Product Officer, ShiftWizard. HealthStream adds to an emerging area of its workforce solutions that supports healthcare professionals and their management in effective staff scheduling-where administrative work is reduced, cost-savings are gained, and productivity data is made readily accessible to managers.
NASHVILLE, Tenn.-( BUSINESS WIRE)-HealthStream (Nasdaq: HSTM) today announced that it has acquired ShiftWizard, Inc., a Raleigh, North Carolina-based company focused on providing a SaaS-based solution that integrates key workforce management capabilities, including scheduling, productivity, and forecasting.
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