SOURCE: HealthcareSource

HealthcareSource

May 23, 2016 10:00 ET

HealthcareSource Acquires Lean Human Capital

Industry Leading Talent Management Technology and Advisory Services Companies Join Forces to Provide More Comprehensive Solution to the Healthcare Market

WOBURN, MA--(Marketwired - May 23, 2016) -  HealthcareSource®, the leading provider of talent management solutions for the healthcare industry, announced today that it has acquired Lean Human Capital. Lean Human Capital became a partner of HealthcareSource in March 2015, resulting in numerous successful engagements and a growing list of shared clients. With this acquisition, Lean Human Capital advisory services and the company's renowned Recruiter Academy will be more directly integrated into HealthcareSource product and services solutions, providing the foundation for a new portfolio of consultative services and educational offerings.

With this acquisition, HealthcareSource has strengthened its existing market leadership in the healthcare space. The combined company now has over 3,000 healthcare clients, including more than 50% of the hospitals in the U.S. Through its Quality Talent Suite(SM), HealthcareSource processes, on an annual basis, 10 million job applications, 380,000 performance reviews, and nearly 41 million course completions.

Lean Human Capital brings a similar depth of expertise. Since 1997, Lean Human Capital has advised 850 healthcare organizations and educated more than 10,000 recruiters and talent management professionals worldwide. The combination of Lean Human Capital and HealthcareSource brings an unprecedented level of automation, experience, analytics, benchmarks, and best practices together into one shared solution, which will provide unique insights and value to clients and the market overall.

Lean Human Capital will continue to publish its Annual Healthcare Recruitment Metrics Benchmark Study. This industry-wide study will remain vendor agnostic, as will Lean Human Capital itself. The company will be run as a business unit within HealthcareSource and will continue to provide services to organizations nationwide, including organizations who have an industry focus outside of the core healthcare market. 

"This is a natural fit and a great opportunity for our company," said David Szary, founder of Lean Human Capital and The Recruiter Academy. "We will benefit from the extended reach, client base and market position of HealthcareSource. We fully expect to significantly expand our Healthcare Recruitment Community, which will increase the depth and breadth of our Annual Healthcare Recruitment Metrics Benchmark Study, resulting in more nuanced insights, more targeted business intelligence offerings, and more comprehensive process improvement and best practice recommendations."

"The addition of the Lean Human Capital team and David Szary, a recognized authority in healthcare talent management process optimization and founder of Lean Human Capital and The Recruiter Academy, means that clients at more than 3,000 healthcare organizations will immediately benefit from centralized access to industry-leading technology, education, and advisory services," said J.P. Fingado, president and chief executive officer of HealthcareSource. "We're excited to work with the entire Lean Human Capital team to drive a healthcare talent management strategy that incorporates products and services that are informed by business intelligence and market demand to achieve our collective goal of helping clients build a Patient-Centered Workforce."

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(SM) helps healthcare organizations build a Patient-Centered Workforce™ by selecting, aligning, continuously developing, and retaining highly-engaged people. The company's cloud-based platform of software, content, services and analytics includes applicant tracking, reference checking, behavioral and skills-based competency assessments, compensation analysis, performance and learning management, eLearning courseware, education, and advisory services. 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.

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