Media and Analyst Coverage
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…
Health Catalyst IPO: What You Need To Know (ClickIPO)
Click to view full article By Shanthi Rexaline| 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
mHealth Partnership Adds Music Therapy to Stroke Rehabilitation Toolkit (Xtelligent Media)
Click to view full article By Eric Wicklund | June 11, 2019 A new partnership aims to add music therapy to a health plan’s or provider’s mHealth toolkit for helping patients recovering from a stroke. MedRhythms, a Boston-based digital therapeutics company that combines sensors, AI technology and music in physical rehabilitation programs focused on walking, has forged a partnership with Health Catalyst’s new life sciences business to make its platform available to payers and providers looking for new ways to enhance stroke rehabilitation programs. Through the deal, Health Catalyst – which uses data analytics to identify care gaps and works with payers and providers to identify digital therapeutic solutions – will include the MedRhythms…
Integris Health to deploy Health Catalyst Data Operating System (Becker’s Hospital Review)
Click to view full article By Anuja Vaidya | June 10, 2019 Integris Health, a 16-hospital system in Oklahoma City, Okla., is implementing the Health Catalyst Data Operating System across its network. The new platform will enable the system to centralize data from its Epic EHR and from financial, operational and patient satisfaction systems. The platform is cloud-based, open and flexible, and it includes analytics capabilities that can be used to enhance performance, population health and cost-cutting initiatives. Integris Health also will have access to Health Catalyst's library of technology solutions...Click to view full article Click to view full article
Six Keys for Optimizing Physician Workflow (Health Data Management)
Click to view full article By Joseph Goedert | April 23, 2019 Precision medicine could hold the promise of enabling physicians to compare the data and treatment approaches for patients with similar conditions and similar genetic profiles. Technology also could identify effective treatments and even projected costs. But to achieve these future promises of precision medicine, much basic blocking and tackling must first occur, says Ed Corbett, MD, medical officer at Health Catalyst, which ...Click to view full article Click to view full article
For Better And Worse, Could Banking Become Like Healthcare? (Forbes)
Click to view full article By Ron Shevlin | April 22, 2019 OBSERVATIONS FROM THE FINTECH SNARK TANK The thought of the banking industry becoming like the healthcare industry should scare the bejesus out of anybody. But don't jump to conclusions. There could be some positives in that scenario. Here are three ways banking could become like healthcare--and two out of three would be for the better. Outcomes-Based Banking Over the past 15 years, the healthcare industry has ...Click to view full article Click to view full article
Digital Health Funding Dips in Q1 2019, Rock Health Report Finds (HFMA)
Click to view full article By Erin Dietsche | April 2, 2019 Rock Health’s latest report found $986 million was invested across 61 digital health deals in the first quarter of 2019. By comparison, that’s a little more than half of the $1.6 billion raised in Q1 2018. It’s also at about the same level as Q1 2017 funding and 31 percent below the funding secured in Q1 2016, according to Rock Health. A few top amounts secured in the first three months of 2019 include an $88 million round for Calm, which makes a meditation app, and a $100 million round for Health Catalyst, a data analytics company. Both Calm and Health Catalyst…
The Q Awards: One Healthy Unicorn
Click to view full article By Bri Stewart | March 28, 2019 We at Healthcare Innovation were once again thrilled with the extraordinary quality of submissions we received from innovating patient care organizations across the U.S. In addition to the four winning teams this year, our editorial staff also selected six organizations as semifinalists. Below are descriptions of these teams’ initiatives. Allina Health dashboards help coach physicians on EHR optimization Most large healthcare provider organizations have teams working to optimize their electronic health record (EHR) use, but Allina Health in Minnesota is particularly aggressive in its efforts to help clinicians...Click to view full article Click to…
The 2019 Innovator Awards Program: Semifinalists (Healthcare Innovation)
Click to view full article By David Raths | March 26, 2019 We at Healthcare Innovation were once again thrilled with the extraordinary quality of submissions we received from innovating patient care organizations across the U.S. In addition to the four winning teams this year, our editorial staff also selected six organizations as semifinalists. Below are descriptions of these teams’ initiatives. Allina Health dashboards help coach physicians on EHR optimization Most large healthcare provider organizations have teams working to optimize their electronic health record (EHR) use, but Allina Health in Minnesota is particularly aggressive in its efforts to help clinicians...Click to view full article Click to…
Analytics Vendor Capabilities Are Expanding as Hospital Use Cases are Too (Healthcare IT News)
Click to view full article By Mike Miliard | March 22, 2019 As healthcare providers find new and innovative uses for their data, the capabilities of analytics vendors to help them manage it for a variety of use cases are also on the rise, according to a new study from Chilmark Research. WHY IT MATTERS The report finds that these vendors' analytics tools are fast-evolving to help hospitals and health systems make the most of their enterprise performance management efforts. Most of these organizations are still focused primarily...Click to view full article Click to view full article
Healthcare Waste Is a Problem that Helped Health Catalyst Earn a $1B Valuation (Digital Health)
View Full Article By Janae Sharp | March 05, 2019 For Health Catalyst, innovation is about bringing together agile partners who can make change with industry giants. I spoke with Tom Burton, co-founder of the health data, analytics and decision support company, shortly after receiving a billion-dollar valuation. This “unicorn” status is a huge accomplishment in health IT, and I wanted to hear what problems the leader of the company was most excited about solving. I was thrilled to hear that Health Catalyst had a data product that helped improve the efficiency of activity-based costing in healthcare. Last year, I wrote about how transitioning to value-based care is limited by our data infrastructure. But…
Fast-Growing Analytics Firm Health Catalyst Expands Into Life Sciences (genomeweb)
Feb 19, 2018 | Neil Versel
View Full Article HereCHICAGO (GenomeWeb) – After more than a decade of making a name for itself in the world of health analytics and raising gobs of money, Health Catalyst is making its first push into life sciences... Click to view full article
View Full Article HereHealth Catalyst Becomes Utah’s New Tech Unicorn (KUTV Video)
View Full Article Here February 7, 2019 (KUTV) — Utah has a new tech unicorn, which is the name given to a private startup company valued at a billion dollars. Health Catalyst is the latest private technology company to hit this level. The CEO of Health Catalyst Dan Burton spoke exclusively on camera with 2News' Holly Menino about what this means for his company and for the state of Utah. "We're in our eleventh year as a company. As is often the case with companies as they grow and mature, it seems like an overnight success story, that's often not the case, and for us we've been at this a long…
Cloud Unicorn: Health Catalyst Reaches $1 Billion Valuation Sifting Through Hospitals’ Data (Forbes)
VIEW FULL ARTICLE HERE [By Michela Tindera] Feb. 7, 2019
Health Catalyst, a data analytics provider to hospitals, has raised $100 million in debt and equity financing, tipping the Salt Lake City startup’s valuation to more than $1 billion, the company announced Thursday.
Hospitals use Health Catalyst’s software to link the data that they already have housed in a number of siloed databases, like the ones used to track insurance claims, patient satisfaction and, of course, the electronic health record. Once that data is linked, it’s analyzed to help... View Full Article Here VIEW FULL ARTICLE HEREHealth Catalyst Hits $1 Billion Valuation With Latest Financing (WSJ)
VIEW FULL ARTICLE HERE [By Heather Mack] Updated Feb. 7, 2019 6:02 a.m. ET Few digital-health companies have joined the billion-dollar startup club. For those that have, it has been a long road. From primary-care startup One Medical to consumer genomics giant 23andMe Inc., most take about a decade to become members. Health Catalyst Inc. became the latest. More than 10 years after it was founded, it now commands a $1 billion valuation following a $100 million funding led by OrbiMed Advisors... View Full Article Here VIEW FULL ARTICLE HERE
Transition to value-based care needs data integration (TechTarget)
View Full Article Here [By Yumeng Ren]
By using AI-powered data analytics from DOS, providers could have a holistic view of a patient's treatment plan, while patient data is secured with Microsoft Azure cloud service.
Patient data is more complex than it was even a few years ago. For a better transition to value-based care, providers now need to access data of different kinds from various sources, which would be difficult without having a standard data dictionary across systems. he data sources may include care quality databases, hospitals' financial databases and cost reporting. Meanwhile, patient data can be transmitted from wearables, home health devices and other mobile or web-based apps. "In…
