Health Catalyst addresses accountable care challenges with enterprise data warehouse platform
Health Catalyst, the leader in healthcare data warehousing, today announced it has been included as a “Cool Vendor” in the “Cool Vendors for Healthcare Providers, 2013” report by Gartner, Inc.
Gartner, widely recognized as one of the world’s leading information technology research and advisory companies, profiled five companies, including Health Catalyst. According to the report, “Each of this year’s Cool Vendors for CIOs, CMIOs and healthcare IT leaders offers an innovative way to respond to the stress that arises from wholesale changes in healthcare systems.”
Co-authored by Vi Shaffer, Gartner Research Vice President and Global Industry Services Director for Healthcare Providers, the report said of enterprise data warehouse (EDW) technology, “Treating information as a strategic asset and investing in a well-used EDW that is tightly linked to change management strategies are critical actions for HDOs [healthcare delivery organizations] in the era of accountability. These are priorities that should be attended to at the highest levels of the health system.”
Health Catalyst empowers health systems to turn information into a strategic asset with powerful “discovery applications” built on the Health Catalyst Late-Binding Data Warehouse™ platform. These analytic applications provide executives and clinicians with drill-down functionality leading to insights that inform their care improvement efforts. To achieve results, Health Catalyst provides analytic modules within the EDW specific to operational or clinical focus areas such as heart failure readmissions or central line infections. These modules provide dedicated teams with the tools and a proven, systematic approach to improve care processes in important ways that make a significant impact.
Careful consideration is required to implement an analytics strategy and EDW in healthcare due to the complexity of healthcare change management. Another key ingredient in Health Catalyst’s success, its Late-Binding Data Warehouse™ is designed specifically for complex clinical environments and provides the data flexibility hospitals need to adapt to the ever-changing requirements of health care. And unlike traditional “early binding” EDWs found in other industries, Health Catalyst’s late-binding EDW can be implemented in a matter of weeks, not months or years.
“While we agree that our late-binding data warehouse and data discovery apps are indeed ‘cool,’ nothing confirms that for us more than watching physician skepticism turn to conviction after utilizing our applications for the first time,” said Dan Burton, Chief Executive Officer of Health Catalyst. “A client physician leader recently related that while he used to regularly miss his data governance meetings, he now removes whatever conflict is in his calendar in order to attend. The difference is that in these meetings he now has the ability to access and utilize data to immediately and measurably drive improvements in the care he provides to patients. Now that is cool.”
Register to read the “Cool Vendors for Healthcare Providers, 2013” report.
Health Catalyst counts as clients some of the nation’s most advanced health systems. Recently, the company announced the creation of a 14-billion-row centralized repository of core clinical, financial and patient satisfaction information for Indiana University Health, an 18-hospital healthcare system, in an unprecedented 90 days. Such speed is important because the more quickly an EDW can be deployed, the faster an organization can use data to improve the quality of patient care while driving down its cost.
Seeing the value in Health Catalyst’s success with clients like IU Health, top investment groups including Kaiser Permanente Ventures and CHV Capital (the venture capital arm of IU Health) recently invested $41 million in the company.
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Health Catalyst
Based in Salt Lake City, Health Catalyst delivers a proven, agile data warehouse platform that actually works in today’s transforming healthcare environment. Currently 81 hospitals caring for 20 million patients utilize Health Catalyst’s Late-binding™ Data Warehousing platform and solutions. Founded by healthcare veterans who developed their solution after struggling for years to try to make non-healthcare data warehousing solutions work, the Health Catalyst data warehouse utilizes a late-binding approach designed specifically to address the complex nature of healthcare data. Health Catalyst’s proven solutions are deployed at leading health systems including Allina Health, Indiana University Health, MultiCare Health System, North Memorial Health Care, Providence Health & Services, Stanford Hospital and Clinics, and Texas Children’s Hospital. Visit www.healthcatalyst.com, and follow us on Twitter.