HealthcareSource Momentum Continues with Strong Q1 Performance
Company Reports Record Bookings and Continued Market Penetration
Woburn, MA – May 10, 2016 – HealthcareSource®, the leading provider of talent management solutions for healthcare, announced today that the first quarter of 2016 marked another quarter of continued growth and market penetration.
HealthcareSource welcomed dozens of new healthcare organizations to its client base of more than 2,500 hospitals and health systems in the U.S. Additionally, more than 200 existing clients purchased additional software, learning content, and education and advisory services from the company, continuing to reinforce the growing market need for healthcare specific talent management solutions and validating the strength of the HealthcareSource Quality Talent SuiteSM.
“The highlight of our results include the largest first quarter in the company’s history for sales bookings, invoicing and EBITDA. Our strong start to the year is attributable to the fact that we are demonstrating improved quality care and a positive patient experience at healthcare organizations as they deploy our solutions,” said J.P. Fingado, president and chief executive officer of HealthcareSource. “In the first quarter we invested in our growth by adding more than 5% to our total headcount and we expect to accelerate additional hiring in the second quarter.”
Some of the organizations that have recently selected HealthcareSource solutions include: Benchmark Senior Living (MA), Duke University Health System, Highmark/Allegheny Health Network, Kaiser Permanente Northwest Permanente (OR), North Mississippi Health Services, PeaceHealth (WA), Shepard Center (GA), Wentworth-Douglass Hospital (NH), and more.
The company’s sustained growth is 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.