Hospitals Invest in, Do Business with Health Catalyst (Modern Healthcare)

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[By Rachel Arndt]

When UPMC wanted to commercialize its cost-management system, it turned to Health Catalyst, a company known for data warehousing.Not only would Health Catalyst create a commercial-grade version, but it would also be able to sell and market it, something UPMC couldn’t easily do on its own.“They had the technology and data warehousing to create something for our own use that was much better than what we created ourselves,” said Rob DeMichiei, chief financial officer at the UPMC health system, which also is an investor in the company.Not only would Health Catalyst create a commercial-grade version, but it would also be able to sell and market it, something UPMC couldn’t easily do on its own.Health Catalyst, which had estimated revenue of $66.7 million in 2016, has attracted more… View Full Article Here

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