Digital health funding reached $986M across 61 digital health deals in Q1 2019, according to Rock Health, a full-service venture fund dedicated to digital health. The Q1 2019 funding represents about half of the $1.62B that was raised a year ago in Q1 2018 but in line with 2017 and 31% below 2016. Compared to the $1.2B in Q4 2018, quarterly funding has averaged $1.4B over the past two years (Q1 2017-Q1 2019). Rock Health signals the $986M invested in this past quarter are somewhat below
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Health Data Analytics Platform Health Catalyst Raises $100M, Reaches $1B Valuation
Health Catalyst, a Silicon Slopes, Utah-based provider of next-generation data, analytics and improvement, today announced it has raised $100 million in Series F equity and debt funding led by OrbiMed. The funding also included participation from 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. Health Catalyst plans to use the funding
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Health Catalyst Launches Data Operating System to Leapfrog Traditional Data Warehousing
Health Catalyst, a provider of healthcare analytics, decision support and outcomes improvement has launched the Health Catalyst Data Operating System (DOS), a breakthrough engineering approach that combines the features of data warehousing, clinical data repositories, and health information exchanges in a single, common-sense technology platform. The solutions has already been deployed at two Health Catalyst sites.DOS is Health Catalyst's response to a simple truth: The future of healthcare will
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Health Catalyst Launches Executive Decision Support Platform, Wisely
Health Catalyst, a Salt Lake City-based provider of healthcare data warehousing, analytics solutions and outcomes improvement has announced the release of their new executive decision support platform, Wisely. The web-based solution automatically transforms over 100 sources of data in its data warehouse, key measures and goals from multiple business units into the fundamental insights critical to leadership. Traditionally, the process of collecting data to support decisions is both
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Health Catalyst Launches Open Source, Healthcare Machine Learning Repository
Healthcare data warehouse provider Health Catalyst has unveiled a free open source, machine learning repository specifically for healthcare data scientists to enable industry-wide collaboration to advance outcomes improvement through artificial intelligence. Named healthcare.ai, the open source repository is designed to make machine learning accessible to the thousands of healthcare professionals who possess little or no data science skills but who share an interest in using the technology to
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Health Catalyst Pulls In $70M to Accelerate Outcomes Improvement
Health Catalyst, a Salt Lake City-based provider of healthcare data warehousing, analytics solutions and outcomes improvement has raised $70M in Series E funding. The funding round was co-led by Norwest Venture Partners, the lead investor in three previous rounds, and UPMC, a world-renowned healthcare provider and insurer that is also a Health Catalyst customer. . Other contributors to the round were new investors Leerink Capital and existing investors Sequoia Capital, Sands
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UPMC, Health Catalyst Partner To Develop Cost Management Solution
UPMC and Health Catalyst are teaming up in a strategic partnership to develop a cost management solution that will measure and analyze the true cost of healthcare delivery for each patient. The partnership is the first of its kind that builds upon an activity-based cost management system developed by UPMC for commercial use and Health Catalyst's Enterprise Data Warehouse (EDW) infrastructure, analytics expertise, and professional services. Financial details of the partnership were not
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Healthcare Analytics Market to Reach $18.7B by 2020
The global healthcare analytics market is expected to reach $18.7 Billion by 2020 from $5.8 Billion in 2015, according to a new market research report by MarketsandMarkets. Among end users, the healthcare providers segment is expected to grow at the highest CAGR during this forecast period. The demand in this market is highly driven by federal mandates such as the implementation of EHRs and ICD-10 code sets, shift towards value-based medicine, and the increased focus on quality care and reduced
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