In what Health Catalyst CEO Dan Burton calls a groundbreaking deal, Minneapolis-based health system Allina Health – Health Catalyst’s first client – will invest $100 million in the data warehousing company.
Allina has also committed to work with the Salt Lake City-based data warehousing company on a 10-year initiative to build a new model for improving outcomes system-wide.
The deal combines the two organizations’ analytics technology, clinical content and personnel to “turbocharge” financial, operational and clinical outcomes improvement via “living laboratory” for healthcare transformation,” Burton said.
The end goal is to improve the quality and lower the cost of care for Allina’s patients and to provide a model for outcomes improvement across the country.
The 10-year agreement marks the culmination of a relationship that began in 2008, when Allina Health became Health Catalyst’s first customer.
Penny Wheeler, MD”This agreement with Health Catalyst is unique in the industry and will accelerate outcomes improvement for those served through Allina Health as well as create a roadmap for broader outcomes transformation both here and across the country,” said Penny Wheeler, MD, president and CEO of Allina Health, said in announcing the deal. “We have made significant progress with care outcomes improvement over the last six years, and we now believe we can take our efforts to the next level by leveraging the experience and know-how of both organizations and our shared history of innovation and transformation… Click to view entire article