HealthStream, a supplier of workforce and supplier options for the healthcare trade, at the moment introduced that it has acquired Providigm LLC, a Denver-based firm centered on high quality assurance and efficiency enchancment in healthcare, primarily serving expert nursing amenities for about $18 million in money. HealthStream provides to its workforce improvement options with a complete high quality administration system created by Providigm, often known as “abaqis,” which is the main SaaS-based quality-improvement program adopted by U.S. expert nursing amenities.
Advantages of Acquisition
HealthStream’s acquisition of Providigm expands its market of highly effective options for the healthcare workforce on this vital phase of the care continuum. With substantial overlap amongst acute care and expert nursing amenities’ workforce competency necessities, the acquisition of Providigm and its SaaS-based merchandise offers a very related and well timed extension of HealthStream’s market-leading workforce options.
HealthStream’s dedication to bettering the standard of healthcare by means of the event of the healthcare workforce extends all through the continuum of care, together with the 15,600+ expert nursing amenities within the U.S. and the 1.66 million workers working in them. New federal necessities by CMS are driving the necessity for revolutionary options to higher handle high quality and efficiency enchancment in expert nursing amenities.
Put up-Acquisition Particulars
As a part of the acquisition, Providigm’s operations will proceed in its Denver workplace, together with the continued contributions of their roughly 45 workers. Purchasers of Providigm will proceed to expertise continuity of providers and the identical excellent customer support they’ve grown to understand through the years from Providigm.