Health Catalyst, Inc., a Silicon Slopes, Utah-based next-generation data, analytics and improvement solution provider, closed a $100M Series F equity and debt funding.
The round was led by OrbiMed. Several existing investors including Sequoia Capital, Norwest Venture Partners, Sands Capital Ventures, UPMC Enterprises and Kaiser Permanente Ventures also contributed to the financing, which lifts Health Catalyst’s value above $1 billion.
The company intends to use the funds for the continued expansion of its technology and services offerings for healthcare transformation.
Led by CEO Dan Burton, Health Catalyst is a next-generation data, analytics, and decision-support company, focused on healthcare.
Its Health Catalyst Data Operating System (DOS™) is a data warehouse and application development platform powered by data from more than 100 million patients, and over 1 trillion facts that allows organizations ranging from the largest US health system to forward-thinking physician practices to improve quality, add efficiency and lower costs. Its technology and professional services can help them keep patients engaged in their homes, communities, and workplaces, and optimize care delivery to those patients when it becomes necessary.
In 2018, the company released several new applications including:
– Touchstone™, an analytics application featuring next-generation benchmarking and prioritization capabilities powered by Artificial Intelligence to supercharge healthcare improvement initiatives; and
– the Patient Safety Monitor™ Suite, a comprehensive patient safety application that uses predictive and text analytics combined with concurrent clinician review of data to monitor, detect, predict and prevent threats to patient safety before harm can occur.
Health Catalyst also acquired Medicity, a large population health management company with solutions for health information exchange (HIE), business intelligence, and provider and patient engagement. Medicity added to more than 50 clients, including state and regional HIEs, large employers, health plans, health systems and providers in physician groups and extended care facilities.