HealthcareSource Momentum Continues with Record Performance in 2015
Company Reports Record Annual Revenue, EBITDA Results, and Continued Product Advancements
Woburn, MA – February 10, 2016 – HealthcareSource®, the leading provider of talent management solutions for healthcare, announced today that 2015 marked another year of significant growth and market penetration.
HealthcareSource added more than 120 new healthcare organizations to its client list of 2,500 hospitals and health systems while existing clients continued to purchase additional products from the company. The company achieved record revenues and EBITDA in 2015, results which continue to reinforce the growing market need for healthcare specific talent management software solutions and validate the strength of the HealthcareSource Quality Talent Suite®.
“As the healthcare industry evolves, there is increasing pressure on healthcare organizations to select, align and develop a patient-centered workforce – caregivers, staff and leaders who are both passionate about delivering a positive patient experience and maintain the appropriate skills and experience for quality care,” said J.P. Fingado, president and chief executive officer of HealthcareSource. “The continued adoption of HealthcareSource talent management solutions demonstrates that organizations understand the impact that software designed for the healthcare environment has on attracting and retaining the right people who are committed to providing the best experience for patients and families.”
Leading U.S. acute and post-acute care organizations that chose HealthcareSource solutions in 2015 include: Advocate Healthcare (IL), Baltimore Washington Medical Center, Deaconess Health System (IN), Forrest General Hospital (MS), Hartford Healthcare, Houston Methodist, Presbyterian SeniorCare (PA), Summit Health (PA), University of New Mexico Hospital, VNA Community Healthcare, Williamson Medical Center and more.
HealthcareSource significantly expanded its product capabilities in 2015 by implementing a continuous development process that provided for new, advanced features for all products regularly during the year, including the launch of a mobile search and apply functionality for recruitment, eCommerce and streaming video capabilities for learning, and 360 reviews for performance. In addition, HealthcareSource launched a number of new products - HealthcareSource Pay Data and Survey Management compensation data analysis and survey management software and HealthcareSource Recruitment Optimization recruitment analysis, education, and consulting services.
The company was named by Becker’s Healthcare as one of the top ‘150 Great Places to Work in Healthcare’ for the second year in a row, and one of the top five ‘Boston Companies with the Best Perks for Women’ by Career Contessa. It was also named one of the world’s 150 largest cloud application vendors by Apps Run the World.
In October, the company hosted another successful annual user conference and in November named J.P. Fingado as new president and CEO. In December, KLAS Research issued its “Talent Management 2015: Does Anyone Deliver a Developed, Broad, Integrated Suite?” report which says, “HealthcareSource delivers a full suite of TM modules and is the only vendor in this report with validated, widespread use of all of their offerings.”
The company’s sustained growth is further validated by the continued adoption of HealthcareSource Position Manager®, Recruitment OptimizationSM, Staff AssessmentSM, Leadership AssessmentSM Reference AssessmentSM, Performance Manager®, Pay DataSM, Survey ManagementSM, NetLearning®, NetCompetency®, and the eLearning LibrarySM to attract and retain a patient-centered workforce at hospitals, health systems, post-acute care, and specialty care organizations throughout the United States.
With more than 2,500 healthcare clients, HealthcareSource is the leading provider of talent management solutions for the healthcare industry. The HealthcareSource Quality Talent SuiteSM helps healthcare organizations build a Patient-Centered WorkforceTM by selecting, aligning, developing and continuously retaining highly-engaged people. The company’s cloud-based talent management solutions include applicant tracking, behavioral assessments, reference checking, employee performance, compensation, competency and learning management, and eLearning courseware. A private company focused exclusively on the healthcare industry, HealthcareSource consistently earns high marks for client satisfaction and retention. HealthcareSource has been regularly ranked as a leader by KLAS Research for Talent Management, in addition to recognition in Healthcare Informatics 100, Modern Healthcare’s “Healthcare’s Hottest,” Inc. 500|5000, Deloitte Technology Fast 500, and Becker’s “150 Great Places to Work in Healthcare” list.To learn more about HealthcareSource visit: www.healthcaresource.com.