Strong Start in First Half of Year
Reinforcing its leadership position in providing data warehouse solutions that actually work in today’s transforming healthcare environment, Health Catalyst today announced that contract bookings growth for the first half of 2012 was up by more than 1,100 percent compared to the same period in 2011. Eight contracts have been signed with US health systems since July 2011, seven of which are multi-year agreements. This totals to 60 hospitals that have committed to using Health Catalyst’s data warehousing solutions. Supporting that growth, Health Catalyst now employs 55 individuals with over 340 years of healthcare data warehousing expertise.
“As health systems increasingly need to demonstrate the ability to simultaneously improve care outcomes and wring out waste, they recognize the urgency to organize and make actionable their clinical, financial, and patient satisfaction data from disparate sources,” said David A. Burton, MD, CEO of Health Catalyst. “Because Health Catalyst’s proven solutions enable health systems to demonstrably and systematically meet these objectives, we expect to continue to rapidly expand.”
Health Catalyst’s enterprise data warehouse (EDW) solutions provide health systems with a single source of truth by aggregating data from disparate source systems. The company’s proven Adaptive Data Warehouse model, an iterative and agile approach, makes data available in a matter of weeks as opposed to the usual timeframe of years required by other data warehousing methods.
Within less than four months, Health Catalyst can help a health system implement an EDW, so it can quickly begin managing process improvements. As a part of implementation, Health Catalyst partners with the health system’s clinical, technical and financial leaders to analyze and prioritize the system’s largest opportunities for improvement. Health Catalyst’s foundational analytics platform provides clinicians with actionable information to drive continuous improvements based on clinical effectiveness guidelines, workflow optimization and patient injury prevention protocols and measures.