NASHVILLE, Tenn.--(BUSINESS WIRE)--HealthStream (NASDAQ: HSTM), a leading provider of workforce and provider solutions for the healthcare industry, today announced a new, long-term agreement with the American Red Cross. HealthStream and the Red Cross will work together to improve resuscitation outcomes.
As a part of the collaborative relationship, HealthStream has participated as an inaugural member of the American Red Cross multi-disciplinary-based “Innovation Council on Resuscitation,” which holds its next meeting on January 16, 2019 in Washington D.C. Immediately following this meeting, the Red Cross will launch its new resuscitation suite with HealthStream.
“According to JAMA Cardiology, the median survival rate after in-hospital cardiac arrests is 23.8%, with a wide variance among hospitals,” said David Markenson, MD, Chair of the Red Cross Scientific Advisory Council, First Aid Task Force member of the International Liaison Committee on Resuscitation (ILCOR), and Medical Director at the New York Medical College Center for Disaster Medicine. “We believe the survival rates should be higher—across all of the nation’s hospitals and health systems. To that end, we are collaborating with industry, including HealthStream, who shares our vision to improve the quality of healthcare and save lives.”
“The American Red Cross has a long history of making robust contributions to the global science of resuscitation,” said Robert A. Frist, Jr., Chief Executive Officer, HealthStream. “Like the American Red Cross, we are committed to professional development in healthcare—as we are confident that, together, we can improve resuscitation outcomes.”
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 approximately 4.9 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. Based in Nashville, Tennessee, HealthStream has additional offices in Brentwood, Tennessee; Jericho, New York; Boulder; Colorado; San Diego, California; and Chicago, Illinois. 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.