Health Catalyst Shows Midas Touch (Healthcare IT News)
[Written January 28, 2014 by Bernie Monegain]
Six-year-old Health Catalyst has not only landed $41 million in a third round of funding, but also has lured two of the big-name health systems in the country to implement its data warehousing and analytics technology.
The new clients are on the West Coast and the East Coast – Kaiser Permanente and Partners HealthCare. At Kaiser the technology rollout will be across the system, all 38 hospitals. The implementation at Partners, among the most prestigious health systems in the country, will also be across the system.
The investment comes from existing investors Sequoia Capital, Norwest Venture Partners, Kaiser Permanente Ventures, Sorenson Capital, CHV Capital, and Partners HealthCare. The funding will make it possible for Health Catalyst to build out its healthcare analytics platform. The company plans to invest $50 million in product development over the next 24 months, including production of the next 200 advanced content-driven clinical applications on its roadmap… View Full Article Here