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2008 Press Releases
Marshfield Clinic SelectS Workstream to Provide Unified Talent Management Solution
Workstream’s On-Demand Talent Management Applications Help Marshfield Clinic’s 7,000 Professionals in over 40 locations Retain Top Talent while Driving Business Growth
Maitland, FL – March 28, 2008 - Workstream Inc. (NASDAQ - WSTM), a leading provider of on-demand compensation, performance and talent management solutions, today announced that Marshfield Clinic, one of the largest private specialty group-practice healthcare providers in the United States, has selected Workstream’s unified TalentCenter solution to manage compensation planning, performance, development and succession planning.
Marshfield Clinic employs over 7,000 healthcare professionals, including approximately 780 physicians in 84 specialties and subspecialties, located in over 40 centers throughout northern, central and western Wisconsin.
“Workstream’s TalentCenter solution enables us to improve our ability to retain and develop our people, letting us provide a higher quality of care to our patients,” said David Keefe, Director of Human Resources at Marshfield Clinic. “We are very excited to roll out TalentCenter because it will give us an integrated electronic performance appraisal process, an effective employee development solution, along with true pay-for-performance and succession planning solutions.”
“We are pleased to continue executing on our vision of providing our integrated talent management solutions to forward-looking employers such as Marshfield Clinic” said Steve Purello, Chief Executive Officer at Workstream. “Workstream is enabling healthcare providers like Marshfield Clinic to retain and develop their top talent as well as improve processes for maintaining compliance and accreditations by leveraging a suite of integrated, on-demand talent management solutions. We look forward to helping more healthcare organizations create efficiencies while optimizing workforce.”
Marshfield Clinic selected TalentCenter because Workstream provided a complete, integrated talent management solution enabling Marshfield to streamline their human resource processes using a single platform. Marshfield Clinic will start by automating their performance management process and providing an employee development solution to all their staff that will help them streamline compliance and improve employee performance. As Marshfield Clinic completes these initiatives, the Marshfield Clinic system will roll out the pay-for-performance solution, all on the same platform. The robust power of Workstream’s unified TalentCenter solution is delivered on-demand and includes one of the industry’s most complete set of clinical healthcare competencies.
Finally, Marshfield Clinic chose Workstream because its solutions are delivered on-demand, which ensures Marshfield Clinic can be up and running with Workstream quickly and easily, at a low cost and without the need for sophisticated technical support in-house.
About Marshfield Clinic
The Marshfield Clinic system provides patient care, research and education with more than 40 locations in northern, central and western Wisconsin, making it one of the largest comprehensive medical systems in the United States. The system includes Marshfield Clinic Research Foundation, Marshfield Clinic Education Foundation and Security Health Plan of Wisconsin, Inc. For more information about the Clinic system, go to www.marshfieldclinic.org
About Workstream
Workstream provides on-demand compensation, performance and talent management solutions and services that help companies manage the entire employee lifecycle - from recruitment to retirement. Workstream's TalentCenter provides a unified view of all Workstream products and services including Recruitment, Performance, Compensation, Development and Transition. Access to TalentCenter is offered on a monthly subscription basis under an on-demand software delivery model to help companies build high performing workforces, while controlling costs. With offices across North America, Workstream services customers including Chevron, Kaiser Permanente and Wells Fargo. For more information, visit www.workstreaminc.com, or call (407) 475-5500.
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of Workstream's management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: inability to grow our client base and revenue because of the number of competitors and the variety of sources of competition we face; client attrition; inability to offer services that are superior and cost effective when compared to the services being offered by our competitors; inability to further identify, develop and achieve success for new products, services and technologies; increased competition and its effect on pricing, spending, third-party relationships and revenues; as well as the inability to enter into successful strategic relationships and other risks detailed from time to time in filings with the Securities and Exchange Commission.
Contact:
Tammie Brown
Workstream Inc.
Tel: (407) 475-5500
Email: tammie.brown@workstreaminc.com
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