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Health Catalyst Announces New Products at HIMSS16 - Margaret Kelly - 03-02-2016
Health Catalyst Announces NewProducts at HIMSS16
Company integrates analytics atthe point-of-care for population health management, personalized medicine and real-time decision support across the healthcare enterprise
SALT LAKECITY – March 1, 2016 – From the floor of the HIMSS16Conference and Exhibition in Las Vegas, Health
Catalyst announced it is launching the most significant update to its technology andproduct strategy since the introduction of its industry-changing Late-Binding™ Enterprise Data Warehouse (EDW) in 2008.
The expansionof Health Catalyst’s product development program is being aided by the company’s recent closure of its $70 million capital raise, announced Feb. 29. The expansion comes with the strong endorsement of customers as the industry rapidly evolves toward accountable care, population health management and personalized medicine.
With the HealthCatalyst EDW and analytics platform still as its foundation, the company has reorganized its product development around nine product lines, all under the umbrella of population health and accountable care:
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Population Health and Accountable Care
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Care Management and Patient Relations
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Clinical Analytics & DecisionSupport
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Research Informatics
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Precision Medicine
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Financial Decision Support
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Operations & Performance Management
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CAFÉ (Collective Analytics ForExcellence), comparative effectiveness solution
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The Health Catalyst Analytics Platform
Health Catalyst’s new product roadmap isdesigned to give every healthcare professional the same experience of real-time information, collective intelligence, and dynamic decision support they have come to expect in other aspects of their lives, whether via Facebook, Google, Yelp or Amazon.
Some of the notable initiatives currentlyunder development or in beta mode include:
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Adding text data and natural languageprocessing to the core platform
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A Bloomberg-style dashboard fordecision support for personnel from the Board level to department managers
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The integration of clinical data withgenomic data for phenotyping and pharmacogenetic decision support
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An Activity-Based Costing system
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Several applications for ‘closed loopanalytics’ embedded in the EHR user interface
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The integration of very granular,de-identified data from 65 million patient records into a single data repository (CAFÉ).
In developing its new product roadmap, HealthCatalyst has adhered to a simple product development mantra: “Deliver the right data, at the right time, to the right person,and in the right modality.”
“The core ofour business remains the ability to aggregate and integrate virtually any source of healthcare-related data, to expose that data to our analytics and algorithms, then to turn that knowledge into measurable outcomes improvement for our clients,” said Dale Sanders, Executive Vice President of Product Development for Health Catalyst. “Taking the final step toward outcomes improvement requires using the power of our analytics at the point of decision making, such as during a clinical encounter with a patient. Studies have shown that physicians are 15 times more likely to adjust their treatment protocols if you give them substantiating data at the point of care, rather than in a meeting or other setting later on.”
Sanders continued, “We don’t believe in thecommonly-held opinion that healthcare providers, especially physicians, harbor a cultural resistance to change. Instead, we believe there’s a problem with the software that supports them in their day-to-day decision making. We’re building the products that will make it easier for healthcare providers to do the right thing, whether it’s population health management or personalized medicine for individual patients.”
AdvancedCare Management and Patient Relations Solution
One of the first examples of HealthCatalyst’s new thinking and roadmap is its web- and mobile-enabled Care Management and Patient Relations application. After an extensive review of care management solutions on the market revealed none that lived up to the company’s expectations, Health Catalyst launched development of its own tool. The first of five applications in the care management product suite has already been deployed at client sites and Health Catalyst is on-track to release the next four applications in the next few months.
“The functionality of our new care managementsuite, powered in the background by our analytics, is going to leapfrog anything that is available in the market today,” Sanders predicted.
Learning fromthe Nation’s Best Health Systems
In developing its new solutions for populationhealth management, Health Catalyst is relying on intellectual property and experience gained from partnerships with several existing customers, including:
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Partners HealthCare:
Health Catalyst andPartners HealthCare recently launched the Partners HealthCare Center for Population Health to train clinical and administrative teams in best practices for care management and population health.
Health Catalyst also licensed technology, content and analyticsinnovations that Partners HealthCare, the Massachusetts General Physician Organization and the Brigham and Women’s Physician Organization developed as part of its decade-long, nationally-recognized care management and population health management programs.
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UPMC: HealthCatalyst licensed technology, content and analytics innovations developed by its customer UPMC as part of that health system’s effort to advance patient care while lowering costs. Since deployingits cost management tool in 2014 to blend quality data with physician- and patient-specific cost data, UPMC and its physician leadership have been able to drive significant changes in clinician behavior leading to improved care at lower cost.
About Health Catalyst
Health Catalyst is amission-driven data warehousing, analytics and outcomes-improvement company that helps healthcare organizations of all sizes perform the clinical, financial, and operational reporting and analysis needed for population
health and accountable
care. Our proven enterprise data warehouse (EDW) and analyticsplatform helps improve quality, add efficiency and lower costs in support of more than 65 million patients for organizations ranging from the largest US health system to forward-thinking physician practices. For more information, visit https://www.healthcatalyst.com,and follow us on Twitter,
LinkedIn and Facebook.