Business StrategyHealthStream has a subscription-based business targeting a large total addressable market, which includes services for acute care employees, skilled nursing care employees, home healthcare employees, ambulatory surgery care employees, and nursing students in the U.S.
Product ExpansionHealthStream has integrated AI into its offerings, with the new HLX product launched and a large health system client using it with 47,000 users, indicating optimism for future profitability.
Revenue GrowthThe company's core solutions continued to generate solid year-over-year subscription revenue growth, led by CredentialStream, ShiftWizard, and Competency Suite revenue growth of 26%, 21%, and 18% respectively.