HealthStream acquires CloudCME, a Nashville-based health technology company
HealthStream, a leading provider of workforce solutions and vendors for the healthcare industry, announced the completion of its acquisition of the remaining stake of CloudCME, a Nashville-based healthcare technology company with national customers. HealthStream originally invested in CloudCME in March 2019 when it bought around 20% stake in the company. With its acquisition of the remaining stake in CloudCME, HealthStream obtains a best-in-class SaaS application to manage all aspects of continuing education within a healthcare organization.
In all healthcare organizations where patient care is provided, extensive hours of CME/CE (“continuing medical education/continuing education”) for physicians and clinical staff are mandatory, with the amount and frequency required depending on state requirements and particular area of practice. The CloudCME application supports CME, CNE, CPE, joint accreditation, and many other types of credits, including those designated through supplier statuses or earned through approving bodies. With this acquisition, HealthStream adds an essential application to its ecosystem for all critical workforce needs of healthcare organizations associated with CME/CE management.
“As the founder of CloudCME, I am excited about this next level of growth for the company under HealthStream, with their ability to further support our customers with resources, excellent customer service and innovation,” said said Karl Wilkens, CEO. , CloudCME. “Our commitment to excellence in technology and customer service is strongly shared by HealthStream and so I am delighted that our customers continue to receive the same exceptional service that they have come to expect from us over the years. I am also excited about the opportunity to join HealthStream in pursuit of our shared vision to ultimately improve the quality of healthcare.
Its user-friendliness, intuitive design, and powerful capabilities have made CloudCME a leading application among healthcare organizations for managing and delivering CME/CE. Healthcare organizations using CloudCME have a branded web portal for all of their CME/CE operations, as well as a branded mobile app for all of their users. A faculty portal provides quick access to all facets of faculty management, as well as robust content management functionality for lesson plans, faculty-uploaded presentation slides, PDFs, or videos. Pre-testing, post-testing, as well as extensive reporting capabilities are some of its many features and capabilities. An attendee portal for live CME/CE events streamlines administration and use for both the healthcare organization and the participating healthcare professional.
“I warmly welcome all CloudCME customers, users and employees to HealthStream as we work together to continue to support the delivery and management of quality CME and CE,” said Kevin O’Hara, Vice President Principal and Managing Director, Platform Solutions, HealthStream. “The addition of CloudCME, coupled with our acquisition of Rievent Technologies in late 2021, establishes HealthStream as a market leader in CME and CE management and delivery applications for healthcare organizations and their staff.”
HealthStream is dedicated to improving patient outcomes through the development of healthcare organizations’ greatest asset: their people. Our unified suite of solutions are outsourced to healthcare organizations across the United States for workforce development, training and learning management, nurse and personnel, clinical training, accreditation, privileges, provider registration, performance evaluation and management of simulation-based training programs. HealthStream’s headquarters are in Nashville, Tennessee. For more information, visit http://www.healthstream.com or call 800-521-0574.