SOURCE: HealthcareSource

HealthcareSource

August 18, 2016 09:00 ET

HealthcareSource Accelerates Growth, Expands Client Base to Include More Than 50 Percent of U.S. Hospitals

Second Quarter Milestones Include Record-Setting Growth, Inc. 5000 Listing, Launch of New Product Features, Acquisition of Lean Human Capital, Expansion of Leadership Team

WOBURN, MA--(Marketwired - Aug 18, 2016) -  HealthcareSource®, the leading provider of talent management solutions for the healthcare industry, today announced the achievement of multiple milestones, reflecting record-breaking growth in the first half of 2016. In recognition of this continued and consistent growth, Inc. magazine listed HealthcareSource on its annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies.

"We are extremely proud of the milestones we've achieved over the past few months," said J.P. Fingado, president and chief executive officer of HealthcareSource. "These accomplishments set the stage for our strongest year of growth thus far and strengthen our ability to help our clients develop a highly engaged Patient-Centered Workforce™, a leading driver of higher patient satisfaction, lower employee turnover, and higher employee engagement."

Just in the past quarter, the company added dozens of new clients, representing both acute and post-acute care organizations, including U.S. Department of Health and Human Services, CareOregon, LifePoint Health, Inc. (TN), Main Line Health System (PA), Memorial Healthcare System (FL), University of Wisconsin Hospital & Clinics, and West Branch Regional Medical Center (MI), among many others, while also cross-selling complimentary solutions from the HealthcareSource Quality Talent Suite(SM) to hundreds of existing clients.

The company now has more than 3,000 healthcare clients, including 50 percent of the hospitals in the U.S. Through its Quality Talent Suite, HealthcareSource processes, on an annual basis, 10 million job applications, 380,000 performance reviews, and approximately 41 million eLearning course completions.

HealthcareSource's strong financial and sales performance was buoyed by a robust pipeline of product enhancements which included dozens of new features to improve user experiences delivered through more than 137 product releases across the Quality Talent Suite since the beginning of 2016. This continuous improvement release methodology is a design approach that enables HealthcareSource to develop and release software features, updates, and fixes, in short, targeted cycles, to provide valuable improvements to clients on a weekly basis.

In May, HealthcareSource acquired Lean Human Capital. With this acquisition, HealthcareSource is more directly integrating Lean Human Capital advisory services and its renowned Recruiter Academy into HealthcareSource product and services solutions, providing the foundation for a new portfolio of consultative services and educational offerings. 

In April, the company expanded its leadership team with the appointment of four seasoned executives, all with exceptional track records of success in their respective fields. The newly appointed leaders include Steve Mahoney as senior vice president of client operations; David Szary as senior vice president and general manager of recruiting services; Russ Wakelin as vice president of product management; and David Wilkins as chief marketing officer. 

About HealthcareSource
With more than 3,000 healthcare clients, HealthcareSource is the leading provider of talent management solutions for the healthcare industry. The HealthcareSource Quality Talent Suite helps healthcare organizations build a Patient-Centered Workforce 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 visit: www.healthcaresource.com.

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