Fresh out of college, Robert Frist Jr., nephew of HCA founder Thomas Frist Jr., teams with classmate Jeffrey McLaren to create a multimedia consulting firm called NewOrder Media. It’s one of the first local health care companies to embrace the World Wide Web,
Six years later, the company changes its name to HealthStream. When HealthStream launches its first IPO in 2000, its business model will revolve around providing Internet-based educational resources to health care companies across the country. Former PhyCor exec Thompson Dent will serve as a director of the company.
The organization can claim more than half the nation’s hospitals — totalling more than 4.1 million health care professionals — as clients.