VerityStream, a HealthStream Subsidiary, Acquires CredentialMyDoc to Expand Ambulatory Care Credentials Platform

VCBeat (WeChat ID: vcbeat) has learned that on December 16, 2019, local time, VerityStream, a wholly-owned subsidiary of healthcare service provider HealthStream (Nasdaq: HSTM), announced the acquisition of CredentialMyDoc, a subsidiary of Covenant Technology Group based in Savannah, Georgia. VerityStream is dedicated to providing enterprise-level solutions and offering credentialing and enrollment services to healthcare institutions across the United States. Through this transaction, VerityStream has added more than 300 clients, thereby expanding its customer base among multi-specialty medical groups, ambulatory surgery centers, clinics, and Federally Qualified Health Centers (FQHCs).

CredentialMyDoc offers intuitive, user-friendly, and easy-to-implement software service solutions, particularly in ambulatory care settings. Its solutions are used by providers, payers, and registrants for credentialing, reimbursement, and rights maintenance. The acquisition of CredentialMyDoc solidifies VerityStream’s leadership in the ambulatory facility market, which is especially significant as patients increasingly seek medical services from a diverse and growing array of same-day service providers.

“Integrating CredentialMyDoc into VerityStream enables our customers to benefit from the scale of a larger ecosystem and its network effects,” said Michael J. Sousa, President of VerityStream. “We are delighted to welcome CredentialMyDoc’s customers and employees to VerityStream, as well as to HealthStream. CredentialMyDoc customers can expect the same high-quality, long-term service support and exceptional staff.”

VerityStream, a wholly owned subsidiary of HealthStream, provides enterprise-grade solutions and is transforming the credentialing, enrollment, and assessment processes for healthcare organizations across the United States. VerityStream currently serves more than 2,500 hospitals and 1,300 ambulatory facilities, including ambulatory surgery centers, urgent care facilities, clinics, and medical groups. Its solutions stem from the merger of Echo and Morrisey, which together bring over 75 years of industry experience.

HealthStream (Nasdaq: HSTM) is dedicated to improving patient outcomes by maximizing the mobilization and development of healthcare institutions’ assets. HealthStream’s unified suite of solutions is contracted by healthcare organizations across the United States for human resource development, training, learning management, talent management, credentialing, provider enrollment, performance evaluation, and managed education programs. Headquartered in Nashville, Tennessee, HealthStream maintains additional offices in Jericho, New York; Denver, Colorado; San Diego, California; and Chicago, Illinois.

(Compiled by Ning Chen)