Health Catalyst, a Salt Lake City, UT-based provider of healthcare data warehousing, analytics and outcomes improvement solutions, closed a $70m Series E funding round.
The round was co-led by Norwest Venture Partners, and UPMC with participation from MultiCare Health System and OSF Healthcare, new investor Leerink Capital and existing investors Sequoia Capital, Sands Capital, Kaiser Permanente Ventures, CHV Capital (an Indiana University Health Company), Partners HealthCare, EPIC Venture Partners, Leavitt Equity Partners, and Tenaya Capital.
The company intends to use the funds to expand its outcomes improvement solutions for healthcare organizations.
Led by CEO Dan Burton, Health Catalyst provides data warehousing, analytics and outcomes-improvement solutions for healthcare organizations of all sizes to perform clinical, financial, and operational reporting and analysis needed for population health and accountable care.
Following new adopted value-based reimbursement models, Health Catalyst is now evolving from an offline data aggregator and analysis company to a real-time data production and decision support company, integrating the knowledge derived from its data content and analytics into the decision workflow of clients and their patients, anywhere and on any device. This year, Health Catalyst expects to release new solutions for activity-based costing, care management, and real-time clinical decision support.