HealthStreamInc. expects full-year 2016 consolidated revenues to grow 8% to 12%compared to 2015.
Revenues are expected to grow 2% to 6% for the company'sworkforce solutions segment, 6% to 8% for the patient experience solutionssegment and 80% to 84% for the provider solutions segment in 2016 on ayear-over-year basis.
Revenues from ICD-10 readiness training were approximately$26.8 million in 2015 and are expected to decrease by about $18 million to $19million in 2016. The 2016 guidance for the workforce solutions segment reflectsthis decrease.
Full-year 2016 operating income is expected to increase 10%to 14% year over year. Capital expenditures are projected to be between $14million and $16 million, and annual effective income tax rate is expected to bebetween 39% and 41% for 2016.
The 2016 guidance includes the projected financial impact ofHealthStream's acquisitions of and Nursing RegistryConsulting Corp., but does not include the impact of any otherdeals the company may complete during 2016.
For the second quarter, HealthStream reported net income of$1.4 million, or 4 cents per share, compared to $1.5 million, or 5 cents pershare, in the year-ago period.
TheS&P Capital IQ consensus GAAP EPS estimate for the quarter was 7 cents.