Media and Analyst Coverage

Covid As an Accelerant: On Value-based Care (Yes), On Telemedicine (Partly), on AI (Not So Much) (Managed Healthcare Executive)

Read Full Article By Peter Wehrwein and Briana Contreras | Sept 5, 2020 Improved medical management of acute respiratory disease and a shift toward value-based care will be two of the last effects of COVID-19 pandemic, according to Brent James, M.D., M.Stat. “We are seeing the financial model shift,” James said in a video interview this past week with Managed Healthcare Executive®. “And if anything, Covid has accelerated the shift to provider-at-risk, pay for value, population health — all names for the same thing.” James has been a leader in taking a systems approach to healthcare quality and patient safety t and became well known for his work in that area at Intermountain Healthcare…

Balance Lacking in the COVID-19 Response (Managed Healthcare)

Read Full Article By Peter Wehrwein and Briana Contreras | Sept 3, 2020 Brent James, M.D., M.Stat., doesn’t want to be misunderstood. COVID-19 is a big deal. But… “How do I nuance this? Covid is a very important disease, it has had a major impact,” James said in video interview with Managed Healthcare Executive® this week. “But not to the extent that some of the news media and some of our political leaders have pumped it. This is well within our scale as it turns out.” James, an international leader in quality improvement and patient safety who became well known for his work at Intermountain Healthcare in Salt Lake City, said the initial reaction…

Plasma should not be considered standard care for coronavirus, NIH panel says (CNN)

Read Full Article By Maggie Fox | Sept 2, 2020

(CNN)A National Institutes of Health panel said there's no evidence backing the use of convalescent plasma to treat coronavirus patients and that doctors should not treat it as a standard of care until more study has been done.

"There are insufficient data to recommend either for or against the use of convalescent plasma for the treatment of COVID-19," the panel of more than three dozen experts said in a statement posted on the NIH website Tuesday. The statement, which was posted quietly, contradicts the Trump Administration's characterization of the treatment as "historic" and a "major advance" and directly refers to…

Real-World Data: US FDA Gets 2 Out Of 10 In Abernethy’s Self-Assessment Of COVID Usage (Pink Sheet)

Read Full Article By Sue Sutter | Sept 2, 2020 Executive Summary But principal deputy commissioner gives FDA an ‘8 or 9 on vision’ of how to use RWD to address the pandemic and other challenges. The low ‘execution’ score is due to the large amount of effort needed to understand what datasets are available, how they can be used with confidence and what questions they can answer, Abernethy says... View Full Article Read Full Article

3 Ways Artificial Intelligence Will Change Healthcare (Forbes)

READ FULL ARTICLE By Konstantine Buhler | Aug 4, 2020 It’s no secret that healthcare costs have risen faster than inflation for decades. Some experts estimate that healthcare will account for over 20% of the US GDP by 2025. Meanwhile, doctors are working harder than ever before to treat patients as the U.S. physician shortage continues to grow. Many medical professionals have their schedules packed so tightly that much of the human element which motivated their pursuit of medicine in the first place is reduced. In healthcare, artificial intelligence (AI) can seem intimidating. At the birthday party of a radiologist friend, she gently expressed how she… View Full Article

Allina Health Works to Fix Implicit Biases After Health Care Disparity Found Among Black Patients (KSTP News)

Read Full Article By Ben Henry | Jul 26, 2020 Minneapolis-based Allina Health has been working toward health care equality after finding a disparity with its Black patients. In 2018, Allina Health’s Health Equity Program received a disparity review from Health Catalyst, a healthcare data and analytics company. The data revealed that the number of Black patients enrolling for hospice care was lower than other populations. Allina then looked further at the issue and considered what was happening implicit bias — its staff were simply... View Full Article Read Full Article

Three Ways To Have Kinder Workplaces, And Why It Matters (Forbes)

Read Full Article Forbes | May 19, 2020 If you haven't had a bad boss, you've probably seen one on TV. The fearsome boss is a staple of American pop culture, from tyrannical media moguls and greedy masters of the finance universe. Does the on-screen prevalence of bad bosses appeal to viewers by mirroring their own experiences? Sadly, the answer seems to be yes. In a Psychologist-Manager Journal survey, 75% of employees said that their boss was the most stressful aspect of their jobs. The old nice-guys-finish-last ethos will take a while…

Health Catalyst CEO Says Health Systems Need Robust Data and Analytics to Combat the 2nd COVID-19 Wave (FierceHealthcare)

Read Full Article By Heather Landi | May 14, 2020 Health Catalyst's revenue grew 28% in the first quarter to reach $45 million, but the company reported a quarterly loss of $17.5 million.

A year ago, the Salt Lake City-based company reported revenue of $35 million and a net loss of $13.7 million.

On a per-share basis, Health Catalyst said it had a loss of 47 cents in the first quarter of 2020. Losses, adjusted for one-time gains and costs, were 16 cents per share based on the weighted average number of shares of 37.1 million shares.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research…

What Economic Recovery Looks like from the View of a Business Owner (Deseret News)

Read Full Article By Matthew Brown and Art Raymond | May 6, 2020 SALT LAKE CITY — Since Utah’s economy began creeping back to life this month, the reasons to reopen or remain closed are as numerous as the business owners, and customers, making those decisions. Officials who mapped out the state’s response to the pandemic anticipated the recovery phases would be uneven, as consumers and business owners make the ultimate call — not government. “The government can say whatever it wants to say, but the government can’t come in and say, ‘You will open your restaurant on this day,’” Derek Miller, Salt Lake Chamber president and head of a task force steering Utah’s…

Is Covid-19 the Argument Health Data Interoperability Needed? (WTF Health)

Health Catalyst CEO, Dan Burton, talked with Jessica DaMassa from WTF Health about the COVID-19 pandemic and how the Touchstone™ platform addresses interoperability gaps hindering COVID treatments and recovery efforts. Watch the video to learn more.

Modeling Tool Helps Hospitals Predict Capacity Timeline for COVID-19 Patients (HealthcareITNews)

View Full HealthcareITNews Article By: Kat Jercich | May 5, 2020 The COVID-19 crisis has exemplified the importance of anticipating hospital resource needs around the country. The team at analytics vendor Health Catalyst created its Capacity Planning Tool as a way for hospitals to determine when and where they will reach capacity as large numbers of patients continue to enter their system. The tool, which is based on Penn Medicine's CHIME epidemic model and free to use for any health system, predicts future availability of supplies such as beds, ventilators, staffing and personal protective equipment...View Full HealthcareITNews Article View Full HealthcareITNews Article

Health Catalyst unveils two systems and a service for COVID-19 response (HealthcareITNews)

View HealthcareITNews Full Article By Bill Siwicki | March 18, 2020 Health Catalyst, a vendor of healthcare analytics technology and services, after numerous conversations with health system clients, will offer two COVID-19 systems and a new service to its domestic clients, with the first system available to pilot clients by the end of the month. The technology associated with these systems will be offered to all clients at no incremental cost through the end of 2020. In the weeks ahead, Health Catalyst will continue to explore with clients additional potential analytics systems helpful in... View HealthcareITNews Full Article View HealthcareITNews…

Health Catalyst unveils two systems and a service for COVID-19 response (Healthcare IT News)

CLICK TO VIEW FULL ARTICLE By Bill Siwicki | March 18, 2020 Health Catalyst, a vendor of healthcare analytics technology and services, after numerous conversations with health system clients, will offer two COVID-19 systems and a new service to its domestic clients, with the first system available to pilot clients by the end of the month. The technology associated with these systems will be offered to all clients at no incremental cost through the end of 2020. In the weeks ahead, Health Catalyst will continue to explore with clients additional potential analytics systems helpful in addressing the COVID-19 situation … Click to view full article

Christiana Care offers tips to ‘personalize the black box’ of machine learning (Healthcare IT News)

Click to view full article By Mike Miliard | January 13, 2020 For all the potential benefits of artificial intelligence and machine learning, one of the biggest – and, increasingly most publicized – challenges with the technology is the potential for algorithmic bias. But an even more basic challenge for hospitals and health systems looking to deploy AI and ML can be the skepticism from frontline staff ... Click to view full article Click to view full article

AI in the Pharmacy (Drug Topics)

CLICK TO VIEW FULL ARTICLE By Keith Loria | August 27, 2019 Complex problems that affect the world of pharmacy, such as the opioid crisis and avoidable hospital readmissions, require multidimensional answers. Artificial intelligence (AI) might be one solution. There are currently firms working to use AI, some through the use of machine learning, in the hope that it will contribute to solving these problems or at least minimize their impact. Taken together, AI and machine learning may have a massive multifaceted impact on pharmacy operational efficiencies, patient-centered care, and outcomes. In today’s world, AI complements human interaction with patients. Adam Beacham, director of business intelligence at PDX-NHIN, a pharmacy software company, believes that…

Utah tech company Health Catalyst goes public (KSL)

Click to view full article By Liesl Nielsen | July 25, 2019 SALT LAKE CITY — Utah health-tech leader Health Catalyst jumped into the public markets Thursday and its freshly minted stock climbed over 50 percent by the end of regular trading. The company raised $182 million via the sale of 7 million shares at pre-market pricing of $26 per share. The successful launch comes just six months after a $100 million funding round in February that pushed the company's valuation above the vaunted $1 billion, or "unicorn" benchmark. After a day that saw an outstanding first day price rally, and the opportunity to ring the closing bell at the NASDAQ exchange in New York…

Utah health-tech leader Health Catalyst raises $182M in IPO (Deseret News)

Click to view full article By Art Raymond | July 25, 2019 SALT LAKE CITY — Utah health-tech leader Health Catalyst jumped into the public markets Thursday and its freshly minted stock climbed over 50 percent by the end of regular trading. The company raised $182 million via the sale of 7 million shares at pre-market pricing of $26 per share. The successful launch comes just six months after a $100 million funding round in February that pushed the company's valuation above the vaunted $1 billion, or "unicorn" benchmark. After a day that saw an outstanding first day price rally, and the opportunity to ring the closing bell at the NASDAQ exchange in New York…

Analytics startup Health Catalyst raises IPO to $172M (Becker’s Hospital Review)

Click to view full article By Andrea Park | July 23, 2019 Health Catalyst, a Salt Lake City-based provider of data analytics services to healthcare organizations, raised the proposed size of its initial public offering on July 23, Renaissance Capital reports. The company is now reportedly planning to offer 7 million shares at a price range of $24 to $25, up from the original planned offering of 6 million shares at $20 to $23. As such, the total amount raised could increase from approximately $129 million to $172 million... Click to view full article Click to view full article

Livongo shares surge in market debut as digital health space heats up (CNBC)

Click to view full article By Christina Farr | July 25, 2019 Livongo Health shares surged as much as 62% in their stock market debut on Thursday, the latest sign that public investors are buying into the digital health trend. The company provides diabetes services to large employers, a space that’s attracting big dollars in the quest to ultimately provide better coverage and bring down costs. The IPO has been touted by the industry as a potential benchmark for other start-ups that sell disease management services to large companies and health... Click to view full article

Livongo, Health Catalyst shares surge on first day of trade

Click to view full article By Sarah Toy | July 25, 2019 Shares of Livongo Health Inc. LVGO, -0.71% jumped 58% in their trading debut Thursday after the company priced its initial public offering above its given price range. The digital-health company priced its IPO late Wednesday at $28 a share, above the pricing range it had previously given of between $24 and $26. The company sold around 12.7 million shares of its common stock to raise $355.2 million, and is now trading on the Nasdaq under the symbol "LVGO." Meanwhile, shares of health data and analytics company Health Catalyst... Click to…

Digital Health Startups to Test IPO Waters (WSJ)

Click to view full article By Heather Mack | July 24, 2019 The public offerings of two digital health companies this week will test the market’s attitude toward the sector following a three-year hiatus. Livongo Health Inc. and Health Catalyst Inc. are both set to begin trading on the Nasdaq this week, representing the only digital health companies to go public... Click to view full article Click to view full article

Home Insurance Startup Hippo Joins the ‘Unicorn’ Club: Term Sheet (Fortune)

Click to view full article By Polina Marinova | July 24, 2019 Health Catalyst, a digital records health firm, now plans to raise $172 million in an IPO of 7 million shares priced between $24 to $25, an upsized offering with increased pricing. The firm posted revenue of $112.6 million and loss of $62 million in 2018. Norwest (20.9% pre-offering), Sequoia (21.9%), and UPMC (6.3%) back the firm. It plans to list on the Nasdaq as “HCAT.”... Click to view full article Click to view full article

IPOs From Health Catalyst, Livongo Health Showing Signs Of Strong Debut (Investor’s Business Daily)

Click to view full article By Brian Deagon | July 24, 2019 Two health care companies that are ready to price their initial public offerings are receiving a high degree of attention from institutional investors, suggesting they'll have a strong debut when shares begin trading Thursday. Health Catalyst (HCAT) and Livongo Health (LVGO) are both scheduled to set the price on their IPOs after the market close Wednesday. Health Catalyst, based in Salt Lake City, provides data and analytics technology...Click to view full article Click to view full article

Those Digital Health IPOs—Flipping the Stack & Filling the Gap (The Healthcare Blog)

Click to view full article By Matthew Holt| July 23, 2019 Salt Lake City, Utah-based Health Catalyst, Inc. plans to offer 7 million shares in an IPO to be priced between $24 and $25, according to a S-1/Afiling done on July 23. The company upsized the offering from the initially planned 6 million share as well as hiked the estimated price range...Click to view full article Click to view full article

6 Upcoming IPOs for July

Click to view full article By Tom Taulli| July 23, 2019 It’s turning out to be a standout year for IPOs. Granted, there have been some duds, including deals that have lost more than half their value. But this is the case with any IPO market, as these deals can be fairly risky. Yet for 2019 we have seen mega deals — such as Uber (NYSE:UBER) — as well as a myriad of huge gainers like Beyond Meat (NASDAQ:BYND), Zoom Video Communications (NASDAQ:ZM) and Shockwave Medical (NASDAQ:SWAV). OK then, for those interested in this part of the market, how do you track upcoming IPOs? Well, we are going to...Click to…