Media and Analyst Coverage
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…
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…
