HealthcareSource Continues Strong Momentum: Solidifying Its Position as Healthcare Talent Management Leader

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Sales surge through new client wins and expanded customer deployments drives another successful quarter

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The first quarter of 2011 continues our ongoing track record of solid revenue and growth

HealthcareSource®, the leader in talent management software for the healthcare industry, today announced that in the first quarter of 2011 it saw strong results in new revenues driven by growing adoption and deployments of its software-as-a-service products including HealthcareSource Position Manager®, Performance Manager®, TestSource® behavioral assessment solutions, Physician Recruitment Manager® and Interview ManagerSM. As a private company, HealthcareSource does not publicly report its sales and earnings.

"The first quarter of 2011 continues our ongoing track record of solid revenue and growth," said Peter Segall, President and CEO of HealthcareSource. "Building on our 2010 momentum, we continue to add a large number of new customers, as well as follow-on purchases by legacy customers integrating additional HealthcareSource solutions with their prior investments."

Healthcare organizations demonstrated their interest to invest in talent acquisition and retention through a significant uptick in their purchase and implementation of HealthcareSource's talent management solutions for applicant tracking, onboarding, performance management, physician recruiting, video interviewing, and its industry-leading healthcare Internet job board.

In April 2011, the Company announced the appointment of Mr. Bryce Chicoyne as Chief Financial Officer. A veteran financial and business leader who was previously an executive at Salary.com, Harvard Bioscience, and other technology companies, Mr. Chicoyne brings strong financial expertise and experience with leading vendors in the human capital (SaaS) market. With his appointment, Chicoyne joins a large group of new employees hired by HealthcareSource during the first quarter to meet the future needs demands of the company's growing customer base and expanded product line.

HealthcareSource has added a number of new hospital clients, including regional health centers and large enterprise health delivery systems. Clients who purchased or expanded their HealthcareSource systems during in Q1-2011 include:

Alamance Regional Medical Center, Alexander Youth Network, Ashtabula County Medical Center, Bigfork Valley, Braintree Rehabilitation Hospital, Bronson Healthcare Group, Casa Colina Center for Rehabilitation, Cass County Memorial Hospital, Clark Retirement Community, CoxHealth, Doctors Community Healthcare Corporate, Eastern Connecticut Health Network, Emanuel Medical Center, Fisher-Titus Medical Center, Good Shepherd Medical Center, Gundersen Lutheran Health System, Health Essentials, Holzer Medical Center, Hugh Chatham Memorial Hospital, Jackson Purchase Medical Associates, Jefferson Radiology, Lehigh Valley Health Network, Los Robles Hospital & Medical Center, Madison County Hospital, Mary Free Bed Rehabilitation Hospital, Medical Facilities of America, Melmark Mercy Medical, Meritus Health, Methodist Hospital of Southern California, Methodist Rehabilitation Center, Middlesex Hospital, Munroe Regional Medical Center, Ohana Pacific - Hale Kupuna Heritage, Riverside Community Hospital, Saints Medical Center, Spectrum Medical Group, St. John's Medical Center, Trinity Health, Trinity Mother Frances Health System, Tufts Medical Center & Floating Hospital for Children, University Health Care System, University of Mississippi Medical Center, West Hills Hospital & Medical Center, Willow Valley Retirement Communities, and Wishard Health Services.

What HealthcareSource Clients Are Saying:

Increasingly, hospitals are purchasing and integrating multiple HealthcareSource solutions for improved HR productivity throughout the talent management cycle. CoxHealth and University Health Care System are two examples:

CoxHealth is a three-hospital regional health organization with more than 60 physician clinics in 20 communities serving more than 900,000 people in a 25-county service area in southwest Missouri and northwest Arkansas. CoxHealth is accredited by The Joint Commission and distinguished as one of the nation's Top 100 Integrated Healthcare Systems (2006-2010) for proven excellence in its provision of primary and specialty care. "Hiring and managing a staff of more than 7,500 employees is a major human capital challenge," said Eric Maxwell, Director of Compensation/HRIS, Human Resources, CoxHealth (Springfield, MO). "We plan on leveraging the features of HealthcareSource Position Manager to better manage over 3,000 applications we receive monthly and to significantly improve our reporting capabilities which is essential now that we are under an affirmative action program. We also purchased HealthcareSource Performance
Manager to eliminate our current paper based process and improve the timeliness of all evaluations."

University Health Care System (which includes University Hospital, Georgia's second largest acute care hospital) is one of the largest, most comprehensive healthcare providers in the southeastern United States. Accredited by The Joint Commission and winner of the National Research Corporation's Consumer Choice Award 12 years in a row, University Health employs more than 3,000 healthcare professionals including nearly 600 independent, private physicians on active, consulting, courtesy and associate staff. "University Health Care System will leverage the features of HealthcareSource Performance Manager to eliminate our current paper based performance review process, provide extensive reporting and metrics for our leadership team, as well as totally redefine the review process so that it is efficient and meaningful for employees and leaders," said Melissa Brandt, PHR, Total Rewards Manager at University Hospital (Augusta, GA). "In addition, we purchased HealthcareSource Position Manager to better manage more than 3,000 applications received monthly and provide a better onboarding experience for new employees joining the University team."

About HealthcareSource

With over 1,500 healthcare facilities as clients, HealthcareSource® is the leading provider of talent management software for the healthcare industry. Through its software-as-a-service solutions, HealthcareSource helps hospitals acquire, develop, and retain the best workforce possible in order to maximize the quality and efficiency of patient care. The company's talent management solutions} include applicant tracking, onboarding, performance management, physician recruiting, video interviewing, and the leading healthcare Internet job board. A private corporation, HealthcareSource focuses exclusively on the healthcare industry and consistently earns high marks for client satisfaction and retention. For more information visit http://www.healthcaresource.com, call 800.869.5200, or email:
solutions(at)healthcaresource.comThis press release was distributed through PR Web by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.###

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