Avondale analyst sees HealthStream growth beyond ICD-10

Richard Close at Avondale Partners has reaffirmed his buy rating and target price of $33.50 for HealthStream, saying that the workforce development company has multiple avenues for growth in addition to its ICD-10 training products. Revenue growth excluding ICD-10 has accelerated above 20 percent, Close said, and the company's other service lines should "foster growth and ease headwind of ICD-10 roll-off."

Shares of HealthStream (Ticker: HSTM) climbed almost 20 percent Tuesday after a better-than-expected Q2 earnings report, but year to date, they're down 20 percent.

Jul 23, 2014 2:34 PM

emids hires two SVPs

New hires to oversee delivery, health care enterprise
Jul 23, 2014 2:05 PM

Legal advocacy groups file federal suit against TennCare

Agencies allege state is breaking federal law over eligibility determinations
Jul 23, 2014 11:45 AM

MDSave names executive VP

Former Stryker sales manager added to growing team
Jul 23, 2014 9:43 AM

Aegis Health Group names CIO

Former Emdeon VP to lead IT development
Jul 23, 2014 7:04 AM

Legal advocacy groups to announce federal suit against TN

The Southern Poverty Law Center, Tennessee Justice Center and National Health Law Program are holding a press conference call at 11 a.m. Wednesday to announced the filing of a federal lawsuit against the state of Tennessee.

The suit is expected to address the failures within the state's Medicaid program, TennCare. Earlier this month, officials with the Center for Medicaid and CHIP Services outlined six areas in which TennCare is noncompliant with Affordable Care Act requirements.

Following the rebuke, the Times Free Press reported that the three legal advocacy groups were closely monitoring TennCare's response, and that a lawsuit would be a last resort in solving the state-run agency's issues.

Jul 23, 2014 6:45 AM

Q2 report a tonic for HealthStream investors

At about 1 p.m. Central Tuesday, shares of HealthStream were among the market's biggest movers, climbing almost 20 percent to about $26.50 on the back of its solid second-quarter earnings. Volume was heavy, with the number of shares changing hands on track to triple the stock's daily average.

Jul 22, 2014 12:58 PM

Appeals courts differ on health insurance subsidies

Opposite rulings on whether federal exchanges can offer tax credits
Jul 22, 2014 11:10 AM

HealthStream beats by a penny

Workforce development company tops revenue expectations by $1.5M
Jul 22, 2014 6:52 AM

NHC sues SC health department over CON confusion

Murfreesboro company fighting for licenses obtained while law was suspended
Jul 21, 2014 2:18 PM