HealthStream CFO Announces Resignation

After more than a decade on the job, HealthSteam CFO Gerard Hayden announced plans to retire early next year.

Hayden has led the company’s finance team since May 2008. He plans to retire in March after filing HealthStream’s 2018 annual report with the Securities and Exchange Commission.

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The Nashville Post said his departure is not due to disagreements with his peers, and that he plans to stay involved with HealthStream as an advisor. He will be succeeded by Scott Roberts, the company’s vice president of accounting and finance.

“As our CFO for the last decade and as a board member for two years prior to that, Gerry Hayden has served the company extraordinarily well and his leadership has been instrumental in the company’s growth,” HealthStream CEO Bobby Frist said in a statement. “Gerry has been and will continue for the next several months to be a valuable member of our executive team. The standard he has set is one of the utmost integrity and commitment. We are grateful for his service and wish him success in whatever future endeavors he chooses to pursue.”

HealthStream works with hospitals and healthcare organizations to implement and oversee healthcare education and workforce training programs. They also offer online healthcare compliance programs, help organizations manage talent and assist with the credentialing process.

Among past projects, HealthStream worked with Hartford HealthCare to consolidate their learning management system, and ultimately boosted monthly course completions from 3,000 per month to over 45,000 per month. HealthStream’s platform addressed Hartford HealthCare’s growing pains, letting the team track 30,000 course assignments across multiple facilities almost instantaneously.

HealthStream also worked with St. Dominic Hospital to integrate software that automates document skill checklists. The software eliminated the skills checklist paper trail and made it easier for the hospital to keep and store compliance records. HealthStream implemented its Checklist Management software quickly, eliminating the need for long launch times or complicated tech roll-outs.

The company posted revenues of $59.9 million in Q3 2018, up 9% from the same time last year. HealthStream is headquartered in Nashville, Tennessee.