HealthStream gets lift from new ICD-10 deadline

Shares of health care learning services company HealthStream got a 3 percent boost Thursday after the Centers for Medicare and Medicaid Services said the new deadline for providers to comply with the ICD-10 coding regulations will be Oct. 1, 2015. Uncertainty around the deadline had given skittish investors a reason to sell HealthStream, which got about 10 percent of its 2013 revenues from ICD-10 products. But Avondale Partners analyst Richard Close says the company "will begin to see additional sales for its ICD-10 offering sooner rather than later now that the deadline has been definitively established." He still expects the stock (Ticker: HSTM) to climb back to $33.50 from its current levels of about $23.