Health Catalyst Complete Acquisition Of HIE Technology Vendor Medicity (Healthcare Informatics)
[By Heather Landi]
Salt Lake City-based Health Catalyst, a data analytics company, has completed its acquisition of Medicity, a developer of health information exchange (HIE) technology, and the deal adds data exchange capabilities to Health Catalyst’s data, analytics and decision support solutions.
The deal was first reported by HIStalk back in May. Aetna acquired Medicity back in 2011 for a reported $500 million. The company, also based in Salt Lake City, offers products and services that enable health systems, hospitals, physician practices and HIEs to securely access and exchange healthcare information. The terms of transaction between Health Catalyst and Medicity have not been released.
According to Health Catalyst executives, Medicity’s customer base includes more than 100 clients, including 21 state and regional HIEs, large employers, health plans, 75 health systems encompassing over 1,000 hospitals and more than 185,000 providers in physician groups and extended care facilities, in support of over 75 million patients. Dan Burton, Health Catalyst CEO, says the acquisition combines Medicity’s deep clinical dataset of over 75 million patients and significant transactional capabilities with Health Catalyst’s Data Operating System, including AI-driven analytics and business intelligence, and a set of financial, cost, patient outcomes, and supply chain data from over 400 hospitals, 4,000 clinics and a data set of over 100 million patients nationwide.
“The future of healthcare will rely on the broad and more effective use of data to improve quality and costs, and with this acquisition, Health Catalyst can combine its expertise in data, analytics and decision support, including… View Full Article Here