Needham Securities analyst Scott Berg is suggesting investors take a breath on HealthStream after the company's second-quarter earnings report and conference call. He has downgraded the stock (Ticker: HSTM) to 'hold' from 'buy' and wants to see a clearer growth narrative for parts of the business.
While the company's 2Q call detailed a core business that remains strong, potential early ICD-10 customer loss, the continued lack of visibility of declining ICD-10 related revenues, and an underperforming Patient Experience segment give us less confidence that the company can drive meaningful upside to our current growth estimates.
Columbia State Community College has hired Terri Kinloch to be the new executive director of its Center for Workforce Development. Formerly with the University of Tennessee County Technical Assistance Service, she will coordinate the job training efforts in the Columbia State system.
“I want to strengthen Workforce Development so we can help corporations retool their employees,” Kinloch explained. “I hope to establish a larger presence throughout our service area, particularly in Williamson County where the greatest number of job openings often challenges employers to find workers to fill their needs.”
The Nashville Technology Council has been awarded an $850,000 state grant to team up with Nashville State Community College on post-secondary degree and certificate programs in the area. The Labor Education Alignment Program money will help the Tech Council team deliver more skilled IT professionals to the market. Also winning a LEAP grant was the North Tennessee Workforce Board, which includes Sumner and Williamson counties as well as nine others to the west of Nashville.
Gov. Bill Haslam on Tuesday said the Tennessee Higher Education Commission is now taking applications from various groups looking to set up new workforce development programs in specific communities around the state. The Labor Education Alignment Program will hand out grants of up to $1 million each to ECD agencies, chambers of commerce, community colleges, school districts and/or companies that can show they are suffering from a shortage of skilled workers.
“Our goal with the Drive to 55 is to encourage more Tennesseans to obtain a certificate or degree beyond high school, so that they can ultimately get better jobs and create better lives,” Haslam said. “The LEAP competition will create partnerships between employers and higher education institutions that will be an important step in making this goal a reality.”
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Nashville Mayor Karl Dean (left) and Gov. Bill Haslam (right) kicked off the week at Nashville State’s southeast campus launching a program aimed at giving every public school student a free ride to community college or technology center.
Here are three things to take away:
1.) Under the program — named nashvilleAchieves — every single high school student who can’t afford to pay for college can get the tab picked up, although the program is focused on first-generation, low-income students. The idea is an extension of the tnAchieves program now live in 26 other counties. The move is an attempt to move the needle on both Dean’s and Haslam’s goals to increase college graduation rates. Fewer than a third of Tennessee adults have a post-secondary degree, according to Haslam. And in Davidson County, some 34 percent of adults have a bachelor’s degree or higher, and just over 50 percent have at least an Associate’s Degree, according to the mayor’s office.
2.) The program is a public-private partnership and Mayor Karl Dean is calling on the business community and philanthropists to pitch in. Supporters have raised some $1 million to launch the program and Dean said the city would plug in $750,000 over the next two years. The price tag is estimated at $745,000 for year one, and $1.25 million for year two. Dean is asking for donations to the effort, but is pushing hard for metro employees and the business community to volunteer as mentors to high school seniors to keep students on track.
3.) This program has the fingerprints of Randy Boyd all over it. Boyd is a Knoxville businessman behind Radio Systems, a company headquartered in Knoxville that produces technology-based pet products including the Invisible Fence. Boyd founded knoxAchieves in 2008 and helped launch tnAchieves a year later. Haslam tapped him in January to work as a special advisor for higher education, an unpaid position. According to the mayor’s office, Boyd is covering the overhead program costs privately.
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