HealthStream Introduces “Verity™, a HealthStream Company,” and Its New SaaS-Based Platform Also Named “Verity”
January 09 2018 - 9:25AM
Business Wire
HealthStream (NASDAQ: HSTM) announced today the introduction of
“Verity™, a HealthStream Company,” its newly formed company that
combines its Echo and Morrisey businesses. Echo had formed in
September 2015 as a combination of HealthStream’s previous
acquisitions of HealthLine Systems and SyMed Development, and
Morrisey Associates was acquired in August 2016.
Echo and Morrisey bring together over 75 years of industry
experience, innovation, and unparalleled solutions resulting in
Verity™ becoming the leading credentialing, enrollment, and
privileging company in the United States. Today, Verity™ serves
over 2,400 hospitals and over 1,000 medical groups.
“As we introduce Verity™, we are simultaneously launching our
SaaS-based provider credentialing, privileging, and enrollment
solution, Verity,” said Michael J. Sousa, President, Echo. “More
than just software, Verity combines the best platform, content,
data, services, and community to deliver a foundational source of
truth for healthcare organizations.”
Verity includes an intuitive, modern user experience; embedded,
validated provider data; evidence-based and best practice content;
unmatched, instantly-deployable automation; on-demand services from
experts including our NCQA-accredited Verity CVO; and a robust
customer community. Our comprehensive solution includes:
- Verity, a single infrastructure
driving the entire provider lifecycle, powered by Bolt, an
intuitive, AI-enabled automation engine and reporting tool. Verity
includes VerityHub, a one-stop shop for providers and reviewers and
Credentialing Insights, a dashboard with national, proprietary
benchmarks related to credentialing activities.
- hStream for Verity, an exclusive
repository of pre-validated data, embedded content, and pre-built
integrations.
- Recruit, an integrated and
simple-to-use physician recruiting solution.
- Apply, a simplified application
and reappointment processes for providers with an intuitive, online
experience.
- Validate, an automated primary
source verification to validate credentials, licenses,
certifications, sanctions, and exclusions.
- Privilege, a solution to
delineate, grant, monitor, and evaluate privileges, powered by a
continuously-updated library of privileges mapped to ICD-10/CPT
codes.
- Appoint, a centralized, virtual
place for chairs, chiefs, and other decision makers to review,
discuss, and document all appointment decisions at any time.
- Enroll, built with pre-formatted
payer forms, integrations with online enrollment sites, payer grid
functionality, and Enrollment Insights, a dashboard with national,
proprietary benchmarks related to enrollment activities.
- Contract, a single-source,
electronic repository of contracts to automate the contract
lifecycle, powerful for stand-alone and health system-specific
health plans.
- Onboard, an online concierge to
guide all stakeholders during the onboarding process, enabling them
to view, complete, and report on all required tasks including
malpractice underwriting, billing set up, and marketing
requirements. Onboard also seamlessly integrates with the
HealthStream Learning CenterTM, simplifying the notification and
completion of required training.
- Evaluate, a holistic view of
provider performance--for activities related to privileging, OPPE,
FPPE, specialty-specific case reviews, national benchmarks, MACRA
scores, CAHPS ratings, and social media--powered by an exclusive
library of evidence-based, specialty-specific performance
indicators.
These solutions will be complemented by our “Plugged into
Verity” network, an expanding ecosystem of partners that each plug
into Verity to provide exclusive solutions for the Verity
community. We will share more information on these partners in the
coming months.
“Because every patient deserves the best possible caregiver, our
new SaaS-based platform, Verity—with its integrated data sets—is
there to deliver health systems the best possible validation
toolset for credentialing processes,” said Robert A. Frist, Jr.,
Chief Executive Officer, HealthStream.
You can learn more about Verity and its solutions by visiting
its website: www.verityhealthstream.com.
About HealthStream
HealthStream (NASDAQ: HSTM) is dedicated to improving patient
outcomes through the development of healthcare organizations'
greatest asset: their people. Our unified suite of solutions is
contracted by, collectively, approximately 4.65 million healthcare
employees in the U.S. for workforce development, training &
learning management, talent management, credentialing, privileging,
provider enrollment, performance assessment, and managing
simulation-based education programs. Our research solutions provide
valuable insight to healthcare providers to meet HCAHPS
requirements, improve the patient experience, engage their
workforce, and enhance physician alignment. Based in Nashville,
Tennessee, HealthStream has additional offices in Brentwood,
Tennessee; Jericho, New York; Boulder; Colorado; San Diego,
California; Chicago, Illinois; and Columbia, Maryland. For more
information, visit http://www.healthstream.com or call
800-933-9293.
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 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. These forward-looking statements
are based on a variety of assumptions that may not be realized, and
which are subject to significant risks and uncertainties, including
that the acquisition may not be consummated and that the
anticipated financial and strategic benefits of the acquisition may
not be realized, as well as risks and uncertainties referenced from
time to time in the Company’s filings with the Securities and
Exchange Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20180109005524/en/
HealthStreamMollie Condra, Ph.D.,
615-301-3237mollie.condra@healthstream.com
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